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Sales generated by companies listed on the Spanish stock exchange totaled €264 billion in the first half of 2012, up 9.20% on the same period in 2011, according to a report by the Research Department of BME. Sales outside Spain increased 16% to €157.37 billion, representing almost 60% of total sales.
According to the report, most listed companies in Spain generate part of their revenues abroad. In many cases the proportion is significant, as proves the fact that in almost half of the companies foreign sales exceed domestic sales and in one out of four companies sales abroad account for 75% of the total figure.
According to Domingo Garcia Coto, Director of the Research Department of BME: “Spanish listed companies are reaping the fruits of the efforts they made in previous years to expand their businesses internationally. This is proved by their sales figures outside Spain, which are gaining relevance and, to a large extent, compensate the dull performance of domestic sales, affected by the current Spanish economic downturn”.
As regards previous years, there has been a change in the pattern of growth generated abroad, which has been supported by operations in non-EU countries. This seems to be a direct consequence of the weakness of most European economies.
The study is only available in Spanish
