Page 11 - hisdeSAT Annual Report 2017

MIGUEL ÁNGEL allowing its use by the allied countries
in missions led by either bloc.
PANDURO The 2017 financial year closed with

CHIEF EXECUTIVE income of €47.44M, confirming once
again the good health of our business.
OFFICER The workforce grew by 51% to meet
the needs of our new line of business.
the GOVSATCOM initiative, where we The company generated an EBITDA of
are working towards ensuring Spain €35.67M, and net profit reached €5.97M.
maintains and even enhances its high
level of Space technology in the future. In conclusion, I would like to once
again thank our customers for the
We are ready to take on a new trust they place in our services. In
year with the definition of the particular, I would like to thank our
new generation of SpainSAT NG Ministry of Defence and the Spanish
communication satellites, which will Armed Forces for their promotion of
take over from the current system at Hisdesat and our services beyond our
the end of its useful life. The technical borders. I would also like to express
configuration of the programme is my gratitude to the Board of Directors
demanding and includes the operation for their unwavering support for the
of two geostationary satellites in two CEO and the company as a whole. And
orbital positions (30ºW and 29ºE) I would like to close with my heartfelt
© HISDESAT
with useful loads in the X, Ka and thanks to the Hisdesat team, a group
UHF frequency bands. For the first of people continuously demonstrating
future for many of us. Our Ministry their commitment to the company, as
time in history, a satellite will have the
of Defence has outlined the new capacity to carry all three frequencies we have seen this year with the efforts
generation of communication satellites on a single platform, in addition to made to ensure the success of the PAZ
to be operated through Hisdesat, under other highly innovative aspects. This Mission.
the current public-private cooperation communication system stands out
model. In addition, we have been for its high reliability and resilience to Miguel Ángel Panduro Panadero
especially active in the European nuclear events or interference. It meets
context, thanks to our leadership of both NATO and EU requirements, thus Chief Executive Officer

HISDE S AT 11 11 PRE SENTATION