Most listed companies performed better in 2016
In 2015 there was a total of 1 163 082 non-financial enterprises in Portugal, with the Small and Medium Enterprises (SMEs) representing 80% of the total employment and more than 60% of the gross value added.
INE – Statistics Portugal published a study in March 2017 about the state of the Portuguese non-financial enterprises in the year 2015. There was a total of 1 163 082 such businesses, which account for a 3.1% increase from the previous year. Small and Medium Enterprises (SMEs) represented an overwhelming number of existing businesses, given that 1 162 069 (99.91%) were small and medium-sized companies, whilst 1 013 (0.09%) were considered large. SMEs were responsible for 80% of the total employment of the non-financial enterprises (around 2 860 037 employees) and operate more than 60% of the gross value added (GVA).
Additionally, there was an increase of high growth enterprises (companies growing more than 10% per year) to 4 569 (1 144 more than in 2014) and in their weight in total GVA to 17.5% (+6.2 pp). The weight of exporting companies rose from 6.1% in 2014 to 6.2% in 2015. Finally, there was a major increase in the number of companies operating in the Energy and Water Sector, standing at 2 471 enterprises in 2015 (+12.7% than in 2014). The Trade sector concentrates the most companies, with 222 034 registered enterprises, with a 0.1% increase from 2014. The sector also employs a significant number of workers, roughly 736 000 people, or 21% of total employment. Companies operating in the sector also contribute the most to total turnover and total GVA.
During March, the Portuguese companies listed on the Euronext Lisbon Stock Exchange continued disclosing their results of 2016. Until market closing time on 31 March, 24 out of the 44 released their results, with only three companies reporting losses. 18 companies presented better results in 2016 in comparison with 2015, while the remaining 6 firms have performed worse this year. The company presenting the highest increase was Mota-Engil, while Cimpor recorded the highest decrease.
On March 20, Ibersol and Novabase were selected to join the PSI-20, which now has 19 companies. The entity that manages the Portuguese stock exchange announced the inclusion of the two companies in its annual review.
EDP announced the launch of a general and voluntary offer for the free float of EDP Renováveis, corresponding approximately to 22.5% of its share capital. The counterpart was offered 6.80 euros per share, payable in cash. Simultaneously, EDP also announced the sale of the Spanish Naturgas. This sale, for € 2.6 billion, should also be completed between the end of the second quarter and the beginning of the third quarter, according to the presentation made by EDP’s CEO, António Mexia.
ECO News- Portuguese Economy
Monday, 6 March 2017 11:45
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