interviews

Spain is not just an exporting country, but also one which invests abroad

“Spain Is Not Just An Exporting Country, But An Investor Abroad”

Ana Fuentes/Carlos Díaz Güell | “We were a very poor country which in the last 40 years has made a spectacular transformation. Today there are over 150,000 companies which export regularly and have exported at least in the last three years”, explains Carlos Espinosa de los Monteros, High Commissioner for the Spain Brand (Marca España), and privileged observer of the economic reality in Spain and how its business class has evolved over the last few decades.


Gigas is a Spanish multinational of storage and information technology trading on the MAB

“Half of the cloud computing is controlled by three companies, the other, by hundreds of thousands”

Gigas is a Spanish multinational of storage and information technology trading on the MAB. The company’s market capitalisation is €19 M. This year their revenues will be up 35% and profits by 126%, without considering any possible corporate deals. “People think the MAB is a secondary market, but it’s an alternative one, for companies which are expanding. In the Continuous Market, there’s hardly any company doing this in the explosive sense,” says Diego Cabezudo, CEO at Gigas.



We need to be capable of making a valuation of the intangibles in the new economy

“Not Recognising Intangible Assets Is Creating Huge Amounts Of Goodwill”

“Goodwill only appears with the acquisition of a company. Not if you just grow organically, which makes comparisons difficult. Skype paid 2.6 billion dollars for eBay and goodwill was 2.3 billion. We need to be capable of making a valuation of the intangibles in this type of company,” explains Anne Jeny, member of the Management Committee of the European Accounting Association.







Spain board directors

“There Is A Need For Board Members Accustomed To Questioning Strategic Plans”

“Having board members who have experience of different environments, geographical or business, help the board to function better. On the boards in Spain where I am a member there is this international presence and there are members of different nationalities. But on a board of directors more importance shoud be placed on expertise than on nationality.”