catalan companies

GSMA, the organisers of the Mobile World Congress, have announced on Thursday that more than 85,000 visitors from over 200 countries participated in this year’s event. The figure sets a new impressive attendance record with an overall increase of 18% on last year’s edition. Around 80,000 attendees participated at the Mobile World Congress at Fira de Barcelona’s Gran Via venues and more than 5,000 visitors attended mPowered industries programme at Fira’s Montjuïc venues. Facebook founder Mark Zuckerberg and IBM CEO Virginia Rometty delivered highly anticipated keynote speeches, while close to 1,800 international market leading companies presented their latest innovative products and services. In the Global Mobile Awards, the HTC One scooped top award of the Best Smartphone of the year, while Apple iPad was announced the Best Mobile Tablet. Wearable devices were also an exciting highlight of the 2014 MWC.

The profits of Catalan pharmaceutical company Grífols in 2013 grew by 34.6% over the previous year, reaching €345.6 million, as reported by the multinational to the Spanish Stock Exchange Regulation Authority (CNMV). The turnover of the company, based in Greater Barcelona, amounted to €2.75 billion, representing a 4.6% increase on 2012 figures. The geographical expansion of the pharmaceutical company has helped mitigating the effects of volatility in currencies, especially between the euro and the dollar. The Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) grew by 9.6% compared to 2012 and stood at €864.6 million, driven by an increase in the sales of plasma proteins and the optimization of the expenses for raw materials and manufacturing.

The App Planet at the Mobile World Congress is one of the biggest app events in the world, and the Catalan App companies have taken full advantage of the opportunity to showcase their latest products. Not only this, several Catalan App companies have come together to form the group ‘Catalunya Apps’, in which big and small companies alike have joined in order to survive and compete on the global stage. ‘InQBarna’ had extraordinary success since last year with their Music based app; they have had 700,000 downloads and Apple named the best music app in 2013. Inqbarna isn’t the only large company to commit to ‘Catalunya Apps’; Sixtemia, founded 5 years ago, is on board as well.

The profits of Barcelona-based Abertis, a world leader in the toll road management sector, dropped by 39.8% in 2013 compared to 2012 figures. However, the company emphasised that both years are “not comparable” since profits were particularly high in 2012 due to the capital gains from selling corporate shares. If those operations were not taken into account, the recurring profit would have indicated a 6.5% growth. However, the Catalan multinational’s net profit amounted to €617 million in 2013, as opposed to the €1.02 billion reached in the previous year, as reported to the Spanish Stock Exchange Regulation Authority (CNMV) on Wednesday. Abertis’ EBITDA was set at €2.92 billion, representing an increase of 23.6% while the turnover increased by 25% to reach €4.65 billion.

Coinciding with the Mobile World Congress, the Catalan Ministry of Culture has organised the conference ‘Digital 4C’, which aims at “providing answers” to questions about digital contents and “bring closer” the world of technology and culture. The EBook, music, the audiovisual sector and video games will be the main topics of discussion among professionals through seminars, roundtables, conferences and meeting points to exchange about past experiences and new initiatives. Barcelona holds such an event as part of the Mobile World Capital project, a title the city was awarded until at least 2018 in order to act as the main international platform for the mobile-related industry. ‘Digital 4C’will be held at the Arts Santa Mònica Centre on the 27^th and 28^th of February, overlapping with the Mobile World Congress, the world’s largest fair in the sector which ends this Thursday.

A total of 53 companies are present at the ‘Catalonia’ stand that the Catalan Government has set up at the Mobile World Congress (MWC), for “established companies with international sales to newly-created start-ups”. Larger Catalan companies already dispose of their own stand at the MWC, the world’s largest fair in the mobile phone industry, which was launched on Monday in Barcelona for the 9^th consecutive year. Joan Tarradellas, CEO of the public business innovation agency ACCIÓ, highlighted the heterogeneity of the companies present at the ‘Catalonia’ stand, which work on different fields, from developing applications for the biomedical sector to dealing with social networks, urban mobility or ‘smart cities’.

The Director General of Fira de Barcelona and Executive Vice President of Mobile World Capital Barcelona, Agustí Cordón, presented on Wednesday the initiative ‘Mobile Ready’, a set of activities that will show citizens and tourists in Barcelona the potential transformations of mobile technology on their daily lives. ‘Mobile Ready’ will travel across the main architectural, commercial and entertainment points of the Catalan capital. Moreover, coinciding with the Mobile World Congress, the Fira de Barcelona facilities in Montjuïc will host the event ‘4 Years From Now’, which will bring together international investors and over 1,000 entrepreneurs in the Information and Communication Technology sector.

The business owners’ association Cercle Català de Negocis (CCN) insisted that neither Spain’s confederation of employer associations, CEOE, nor its Catalan member, Foment del Treball “represent anything other than themselves and the interests of large corporations linked to the Spanish Government”. After the President of the Catalan Government, Artur Mas, asked employers to participate in the political debate, these two main employers’ associations have rejected getting involved in the self-determination process. However the CCN recalled that these large corporations only represent a tiny part of Catalonia’s business sector. The CCN stressed that SMEs account for 99% of all Catalan production and many of their owners “have mostly positioned themselves in favour of exercising the right to self-determination”. During a luncheon on Tuesday, Mas nuanced his previous statement, saying that he was “not asking for explicit statements” but “to be within” the political debate. 

Barcelona-based Gas Natural Fenosa earned €1.445 billion in 2013, 0.3% more than in 2012. The strong international customer base of the energy company has neutralized the “decline in business” in Spain. This fall at Spanish level was due to the fiscal pressure increase and to the impact of the latest Spanish Government’s reform of the electricity market, which led to a shortfall of €455 million in 2013 for the Catalan multinational. The aggregate EBITDA (Earnings before interest, tax, depreciation and amortization) stood at €5.085 billion, 0.1% more than in 2012. International business accounted for 44.1% of the EBITDA, while it had represented 43.2% in 2012. In addition, the Spanish market contributed to 55.9% of Gas Natural Fenosa’s EBITDA, a 1.6% drop on last year figures.

The President of the Catalan Government, Artur Mas, has called on employers “to work together” on 3 objectives: lifting the economy, ensuring social cohesion through Welfare State public policies and driving forward the political process on Catalonia’s future. On Friday, Mas addressed over a hundred major employers in Catalonia at the Tower Sabadell, during the presentation of the book Capitans d'indústria (which would read as ‘Captains of industry’), written by journalist Francesc Canosa and Farran. During the event, the President of Banc Sabadell, Josep Oliu, called for a “stable political environment” and “peace of mind” so that employers could “focus” all of their energy on their businesses.

In 2013, the consolidated net profit of VidaCaixa, the insurance branch of Spain’s largest bank CaixaBank, amounted to €420.1 million. The figure represents a 46.2% decrease on the previous year, when it had reached €789.5 million. This decrease is due to the effects of the reinsurance transaction on the company’s ‘vida-risc’ life insurance, which occurred in the last quarter of 2012, bringing in an extra income of €600 million back then. On the other hand, the net recurring profit for 2013 totalled €328.3 million, 3.1% less than the previous year. VidaCaixa has reached 3.6 million customers and exceeded €50 billion of assets under management, both figures amounting to a 14.1% increase on the previous year.

The President of Barcelona Chamber of Commerce, Miquel Valls, stated on Thursday that the independence process was not affecting Catalonia’s economic recovery. During a press conference, Valls emphasised that such a statement was based on concrete “facts”. He stressed that Catalonia had tripled the amount of incoming foreign investment compared to the Spanish average, and that the Catalan economy had also registered better figures in enterprise creation and business confidence, employment and other indicators showing an economic recovery According to the report on conjecture and economic perspectives, the Catalan GDP grew by 0.7% during the fourth quarter of 2013, whereas the Spanish GDP dropped by 0.1%. Valls also recalled that the consultation vote on the political future of Catalonia would involve “citizens and not businesses”, thus responding to the employers who recently voiced their opposition to Catalonia’s independence.

The management of Barcelona-based Almirall pharmaceutical multinational and trade unions have signed an agreement on Monday, reducing the initially planned number of laid-off employees from 250 to 180. The document, which has mostly been ratified in production and research centres in Greater Barcelona as well as by the marketing network, also provides specific compensations for the workers aged 55 years and over, and the maximum compensations set by the law for the rest of the laid-off staff. According to the General Workers Union (UGT), 30% of the laid-off employees will correspond to voluntary redundancies, which will be proportionally distributed among the different groups of workers.

Barcelona-based CaixaBank, Spain’s largest bank, has earned €503 million in 2013, representing a 118 % increase on 2012. The private bank mostly owned by La Caixa has left behind a 4-year-long downward trend in profits which can be traced back to December 2009, towards the start of the economic crisis. This result was successfully reached by trying to maintain a similar provision volume than in 2012, which resulted in consuming €7.5 billion, meaning 4.81 % less than what was spent last year. The integration of Banca Cívica and Banc de València have contributed to a growth of the market share to 27.4 %. The bank’s core capital, which is the main solvency indicator, stood at 12.9% according to Basel II regulations and at 11.7% according to Basel III regulations.

In the coming weeks, the management of Volkswagen Group should decide where to produce its latest SUV model, designed in the SEAT Technical Centre in Martorell (Greater Barcelona) and featuring two versions, one for the Catalan brand and the other one for Skoda. The President of the SEAT Workers Committee in Martorell, Matias Carnero, argued that the Catalonia-based factory was the most competitive to produce the vehicle. These past weeks, some sources have asserted that Martorell’s main rival, the Skoda plant in the Czech Republic, would ultimately be chosen. Indeed, it is believed that the President of SEAT Jürgen Stackmann hinted at such a fact in several internal meetings. However, Matias Carnero insisted that the Martorell factory had never been completely ruled out.