May 11, 2021

The Valencia Community, the one that brings together the most successful medium-sized companies | Economy

The Valencia Community, the one that brings together the most successful medium-sized companies | Economy



Contrary to what you can think, where are the most successful medium-sized companies is in the Valencia Community, "he said. John de Zulueta, president of Circle of Businessmen, during the presentation of a business report. "The companies of this new edition of the Top 50, that is to say, the most productive, 11 have their headquarters in the Valencian Community, 22% of the total", the report points out. They are followed by those based in the Basque Country (7), Catalonia (7) and Madrid (6); in these four Communities, 62% of the successful medium-sized companies are selected, according to this source.

In addition, there is a high degree of sectoral diversification in most locations. In the case of Catalonia, the Commerce sector stands out, while in the Valencian Community, the Basque Country and Madrid there is no predominant sector to which the Top 50 companies belong.

The Circle considers medians according to the criterion of the European Commission, that is to say, that they have an average volume of sales of between 10 and 50 million euros. From the point of view of employment, the criterion is that the average workforce is between 50 and 249 employees. For the calculation of the averages of the economic-financial ratios we have considered as reference period 2013-2016.

Between 2013 and 2018 the medium-sized company is the one that has increased its productivity the most, a cumulative 16.3%, says the report. The Spanish medium-sized company has exceeded the productivity of the European Union (EU) average by 11% in 2018, according to the Annual Report of the Spanish Medium-sized Enterprise prepared by the Círculo de Empresarios.

The study shows a "remarkable" recovery of employment and production in all business segments between 2013 and 2018, with special emphasis on those of larger size. Thus, the greatest advances in productivity correspond to the Spanish medium-sized companies, a cumulative 16.3%, above the increase that is also registered by the rest of the groups.

For the president of the Circle of Entrepreneurs, John de Zulueta, the General State Budgets of 2019 are "very expansive" and points to measures such as the "disproportionate" increase in the minimum wage or the "big" increase in Social Security spending "They will catch" the medium-sized company.

In addition, De Zulueta highlighted the importance of education within the company when it comes to reducing youth unemployment. "The medium-sized company is where Spain has to make the effort of growth before the future," he has defended.

For his part, the president of CT Ingenieros and director of the Spanish Medium Enterprise Project, Jesús Prieto, has reported the difficulties that the medium-sized company has in Spain compared to other countries such as Germany, where this type of company is qualified as the "engine" of the country's economy.

"We have companies that are real gems, but they are stuck for legislative and fiscal reasons," he explained, appealing that the government only benefits the big companies, those that he considers "tractors" within the market.

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