SPAIN: A beginning of a & CHILD downwind – EntornoInteligente

SPAIN <- - AUGURE_NOTICIA_INICIO!>: A start to the year with a tailwind / Cinco Dias / IBEX companies have started the year with the wind clearly in favor. The first quarter of 2015 closed with a 37% increase in profits over the same period of 2014. A total of 29 of the 35 targeted companies have improved their bills while decreases were recorded only six or increased losses. The overall profit figure in this period, which includes estimates of Inditex, which results in June- present stands at 9.915 million euros. To continue in that line, and keep the good economic forecasts for growth and domestic consumption, listed could close the year with a net profit of 37,600 million, which would be 23.5% higher than that achieved the previous year . This further confirms a trend that started already in 2014, when selective signatures obtained a net profit in excess of 30,000 million euros, and shows that the effects of the worst years of the crisis have left behind. An economic winter virulently reflected in company accounts, undermined by the collapse of consumption austerity policies on public investment, higher borrowing costs and stiff competition regulatory requirements, as in the case of the millionaire supplies that the financial sector had to make to meet the obligations of their new regulation.

A detailed account of these first three months of the year points out precisely the excellent performance of the bank as one of the reasons for this improvement benefits in the Ibex. The financial sector has increased its profits by 65% ​​in this period. Given the current European environment, with zero official interest rates and a gradual recovery in demand, the great challenge of the bank in the coming months is to increase their margins and improve interest income.

Next to good overall performance of the financial sector, there have been companies that have strongly improved their profits -that the case of Gamesa, for example, has tripled its cifra- and others have returned to the black, as FCC and IAG. In general, there are two reasons for the improvement of the figures in most of the companies targeted. On the one hand, the policies of adjustment and restructuring costs undertaken in recent years and its revitalizing effect on corporate muscle. On the other, the improvement of the economic situation in Spain and in the rest of the eurozone, which draws a horizon increasingly clearly defined contours. The confluence of factors such as the falling price of oil export profits which means a weaker euro, the appeal of official interest rates, the effect on the markets and financing costs is having the program purchase of government bonds by the European Central Bank and the facilities created by some of the reforms undertaken during the crisis-that of the labor case is an excellent spot to consolidate and improve profits this year.

The accounts of the first quarter also show that the process of deleveraging that has taken place listed since the beginning of the crisis seems to have made a stop on the way, since the non-financial corporate debt remains in line with a year earlier. It is true that after the drag reduction effort carried out in recent years, the level of debt of most firms is considerably more manageable in terms of sustainability of the business, so it makes sense that the pace of deleveraging moderate. But that process should continue as strengthening exercise to maximize investment opportunities and business that the improved economic climate will bring. Not all work, however, it is up to companies. Spain should go forward with regulatory changes needed to streamline business operations and enable the business to perform the task for you in a market economy: creating wealth and generating jobs. A work that not only benefits its results and its shareholders but to the entire country.

Information Cinco Dias

www.entornointeligente.com

See also www.mundinews.com | www.eldiscoduro.com | www.tipsfemeninos.com | www.economia-venezuela.com | www.politica-venezuela.com | www.enlasgradas.com | www .cualquiervaina.com | www.espiasdecocina.com | www.videojuegosmania.com

Follow us on Twitterentornoi

Also you may be interested

Jennifer Lopez looks Rihanna theme playing (Video)

The daughter of Ricardo Hollywood heartthrob Arjona

10 foolproof tips to revive seduction love

After the sequel to the comedy “Dumb and Dumber” negotiating to star Jim Carrey thriller

Countries mothers with more than 40 years

standing travel is now a reality

“The tuky bravo”: the story of a culture

Seven pillars that can strengthen the family

Museums held in large your day