MADRID, 11 (EUROPA PRESS)
One in two family businesses increased turnover and employment in the last six months, according to the third edition Family Business Barometer, semiannual study by KPMG in collaboration with regional associations linked to the Family Business Institute, which analyzes the situation and main indicators of family companies in Spain and Europe.
According to the report and in line with the gradual improvement of the economic indicators during 2014, the Spanish and European family businesses have continued regaining confidence and continuing the positive trend that began six months ago.
Specifically 56% of the Spanish family firms have increased their turnover in the last half of 2014, more than double than a year ago (26%). In addition, almost half of the managers or owners of family businesses (46%) has increased its staff, 10 percentage points more than in the survey published last June and 21 points higher than a year ago.
The same situation exists in European family businesses, with 48% reporting having created jobs in the last half of last year.
For the president of Cascajares and Family Business Castilla y León, Alfonso Jiménez, you begin to see clearly the recovery of business figures. “The growth outlook is driving recruitment, which is excellent news for the country,” he said.
The report shows that increasing the confidence of the Spanish family businesses also reflected regarding their forecasts to six months, since 64% shows a positive or very positive (according to 70% of the EU average) vision, which contrasts with the results of December 2013 less optimistic (42% of the Spanish average and a 54% of Europe).
The main problem these companies face is the declining profitability, as 58% of respondents, while 31% say the legal and political uncertainty and 28% increase in the cost of energy a factor of concern.
The manager of Electrical Pitarch and president of the Extremadura Association of Family Enterprises, Alfonso Pitarch explains that quality, innovation and talent are key factors to increase profitability of family businesses.
For the head of Family Business Partner KPMG in Spain, Juan José Cano, most existing trust, based on factors such as growth in turnover, as job creation and improved access to finance, makes the Spanish family firms are considering in its growth strategy make investments both nationally and internationally.
So, three out of four Spanish family businesses expected investments and 45% of them will focus on the core business of the company. Below investment in internationalization and diversification (29% and 26%, respectively) are located.
THE 43% EXPECTED TO INVEST IN SPAIN
Among the companies that are considering any chance investment, plans to invest 43% in Spain to expand market share. However, when investing abroad, these companies agree to elect the other European countries as main destination, with 19% of respondents in the Spanish case and 20% in Europe. South America is the second destination that attracts investment with 17% of respondents, while European prefer Asia, with 13%.
On the other hand, the study shows that 2014 marked a before and after about access to funding. Thus, 79% of respondents reported not having problems accessing credit, contrary to what is stated most one year (61%) ago. In Europe, more than half said in 2013 that he had difficulty financed, the figure dropped to 19% in June 2014 to remain stable this year.
According to the CEO and president Cafento of the Asturian Association of Family Enterprise, Carlos Manuel Rodríguez, a clear improvement of access to traditional sources of funding is appreciated, although in recent years have gained a deeper insight alternatives.
GOOD STRUCTURES CORPORATE GOVERNANCE
Among the family issues involving Spanish companies, 85% attaches great importance to good corporate governance structures and processes. Also considered essential, in 83% of cases, maintain control of the business within the family, as well as communication between generations, important for 82%.
The manager and president Electra Autol Rioja Association of Family Business, Roman Palacios says that maintain the link and commitment to the next generation with the business project requires, in addition to high doses of understanding and empathy, communication and continuous training to responsibly assess the family legacy and business will receive.
Finally, the regulatory environment, reducing taxes and easier labor laws are the changes that the Spanish family firms considered most necessary, according to the 67% and 57 %, respectively. Also demand greater simplicity in tax legislation in 37% of cases and a reduction of administrative bureaucracy (35%)
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