How to find Spanish companies with over 20pc growth rate

High growth businesses may have a humble profile in Spain, but they are successfully ducking one of the direst economic downturns in the country–and Europe.

Some 221 companies mostly in the wholesale and retail trade sector have expanded during the last three years at an above-20 percent rate, according to finance solution provider Iberinform. The majority of them have a below €10-million turnover and less than 50 employees, and 84 percent are private limited companies.

Although 40 percent work in the trade sector, 8 percent belong to the construction category followed by food and transport.

“Even if an 80 percent are mall and medium size companies,” said Yon Munilla, Iberinfom director general, “it’s encouraging to find businesses that have multiplied their sales by 30 in one of the hardest moments of our economic history.” Munilla noted that Spanish companies with  high growth have increased in volume, as in 2008 medium ones were 6 percent of the total and the figure is now 22 percent.

Barcelona hosts 20 percent of them, 25 percent in Catalonia, while 15 percent are based in the Valencia region and 12 percent in the Madrid region.

 

 

About the Author

Victor Jimenez
London contributor at thecorner.eu, reporting about the City and the Eurozone economies. He regularly writes for Spanish newspaper group Prensa Ibérica--some of his features include shared work with journalists of The Daily Telegraph and the BBC.

Be the first to comment on "How to find Spanish companies with over 20pc growth rate"

Leave a comment