Business

The profits of Barcelona-based Abertis, a world leader in the toll road management sector, dropped by 39.8% in 2013 compared to 2012 figures. However, the company emphasised that both years are “not comparable” since profits were particularly high in 2012 due to the capital gains from selling corporate shares. If those operations were not taken into account, the recurring profit would have indicated a 6.5% growth. However, the Catalan multinational’s net profit amounted to €617 million in 2013, as opposed to the €1.02 billion reached in the previous year, as reported to the Spanish Stock Exchange Regulation Authority (CNMV) on Wednesday. Abertis’ EBITDA was set at €2.92 billion, representing an increase of 23.6% while the turnover increased by 25% to reach €4.65 billion.

Coinciding with the Mobile World Congress, the Catalan Ministry of Culture has organised the conference ‘Digital 4C’, which aims at “providing answers” to questions about digital contents and “bring closer” the world of technology and culture. The EBook, music, the audiovisual sector and video games will be the main topics of discussion among professionals through seminars, roundtables, conferences and meeting points to exchange about past experiences and new initiatives. Barcelona holds such an event as part of the Mobile World Capital project, a title the city was awarded until at least 2018 in order to act as the main international platform for the mobile-related industry. ‘Digital 4C’will be held at the Arts Santa Mònica Centre on the 27^th and 28^th of February, overlapping with the Mobile World Congress, the world’s largest fair in the sector which ends this Thursday.

A total of 53 companies are present at the ‘Catalonia’ stand that the Catalan Government has set up at the Mobile World Congress (MWC), for “established companies with international sales to newly-created start-ups”. Larger Catalan companies already dispose of their own stand at the MWC, the world’s largest fair in the mobile phone industry, which was launched on Monday in Barcelona for the 9^th consecutive year. Joan Tarradellas, CEO of the public business innovation agency ACCIÓ, highlighted the heterogeneity of the companies present at the ‘Catalonia’ stand, which work on different fields, from developing applications for the biomedical sector to dealing with social networks, urban mobility or ‘smart cities’.

Mobile World Congress (MWC), the world’s biggest congress in the mobile phone industry, takes place from today until Thursday in Barcelona. The Catalan capital is hosting this event for the 9th consecutive year. More than 1,800 companies from all over the world showcase their latest products at the event and more than 77,000 visitors are anticipated at the conference centre at Fira Gran Via. Mark Zuckerberg, founder of Facebook and new owner of Whatsapp, will follow today’s earlier speech by Whatsapp founder Jan Koum with his highly anticipated keynote talk. Virginia Rometty, IBM´s CEO and recently pronounced most powerful woman in Business, will also appear as a keynote speaker on Wednesday. Leading mobile phone companies such as Samsung, Sony, Nokia, Huawei, HTC and others are expected to launch their new devices at the exhibition.

Some 1,900 police officers, both from the Catalan Police Force (called Mossos d’Esquadra), and from the local polices of Barcelona and L'Hospitalet de Llobregat (Greater Barcelona), will ensure the safety of the 75,000 visitors expected to attend the Mobile World Congress, the main international event of the mobile-phone-related industry. This trade fair and conference takes place each year in Barcelona and the upcoming edition will run from the 24^th to the 27^th of February. With this safety reinforcement plan, plain-clothed police officers will be deployed in the pavilions of the Mobile World Congress, while the number of uniformed-police patrols will be increased to dissuade pickpockets. Furthermore, there will be more private security guards controlling the premises this year and a dedicated police station where attendees can report any loss or theft will be open all day long.

The Director General of Fira de Barcelona and Executive Vice President of Mobile World Capital Barcelona, Agustí Cordón, presented on Wednesday the initiative ‘Mobile Ready’, a set of activities that will show citizens and tourists in Barcelona the potential transformations of mobile technology on their daily lives. ‘Mobile Ready’ will travel across the main architectural, commercial and entertainment points of the Catalan capital. Moreover, coinciding with the Mobile World Congress, the Fira de Barcelona facilities in Montjuïc will host the event ‘4 Years From Now’, which will bring together international investors and over 1,000 entrepreneurs in the Information and Communication Technology sector.

Barcelona-based Gas Natural Fenosa earned €1.445 billion in 2013, 0.3% more than in 2012. The strong international customer base of the energy company has neutralized the “decline in business” in Spain. This fall at Spanish level was due to the fiscal pressure increase and to the impact of the latest Spanish Government’s reform of the electricity market, which led to a shortfall of €455 million in 2013 for the Catalan multinational. The aggregate EBITDA (Earnings before interest, tax, depreciation and amortization) stood at €5.085 billion, 0.1% more than in 2012. International business accounted for 44.1% of the EBITDA, while it had represented 43.2% in 2012. In addition, the Spanish market contributed to 55.9% of Gas Natural Fenosa’s EBITDA, a 1.6% drop on last year figures.

In 2013, the consolidated net profit of VidaCaixa, the insurance branch of Spain’s largest bank CaixaBank, amounted to €420.1 million. The figure represents a 46.2% decrease on the previous year, when it had reached €789.5 million. This decrease is due to the effects of the reinsurance transaction on the company’s ‘vida-risc’ life insurance, which occurred in the last quarter of 2012, bringing in an extra income of €600 million back then. On the other hand, the net recurring profit for 2013 totalled €328.3 million, 3.1% less than the previous year. VidaCaixa has reached 3.6 million customers and exceeded €50 billion of assets under management, both figures amounting to a 14.1% increase on the previous year.

The President of Barcelona Chamber of Commerce, Miquel Valls, stated on Thursday that the independence process was not affecting Catalonia’s economic recovery. During a press conference, Valls emphasised that such a statement was based on concrete “facts”. He stressed that Catalonia had tripled the amount of incoming foreign investment compared to the Spanish average, and that the Catalan economy had also registered better figures in enterprise creation and business confidence, employment and other indicators showing an economic recovery According to the report on conjecture and economic perspectives, the Catalan GDP grew by 0.7% during the fourth quarter of 2013, whereas the Spanish GDP dropped by 0.1%. Valls also recalled that the consultation vote on the political future of Catalonia would involve “citizens and not businesses”, thus responding to the employers who recently voiced their opposition to Catalonia’s independence.

Housing sales in Catalonia have reached 45,064 units in 2013, representing a 4.8% increase on the previous year, according to data published on Wednesday by the Spanish Statistics Institute (INE). Such figures are the highest since 2010, when 55,857 transactions were registered. Besides, in monthly terms, in December 2013, there were 3,014home sales in Catalonia, amounting to a 2.6% increase on the same month last year. At Spanish level, residential property transactions dropped to 311,414 in 2013, meaning a 2.2% decrease. The December figures reveal a similar trend, with the number of sales falling to 22,723 units in the entire country, a 3.6% decrease compared to the same month last year.

Chinese Group Platinum Estates has purchased the former headquarters of Telefonica in Barcelona, located in the Eixample neighbourhood, for €56.4 million, according to a statement by Renta Corporación, which managed the transaction. Furthermore, investors will allocate €45 additional million to transform the building, once belonging to the first telecommunications company in Spain, into a block of flats. The building, located on the Roma Avenue, was the propriety of Cerep Investment, a company controlled by private equity Group Carlyle, until it went bankrupt in the spring of last year. The buyer is a family group based in Hong Kong, which is part of Platinum Estates and is led by textile tycoon Harry Mohinani, of Hindu origin.

The Catalan Government has approved 3 new environmental taxes on the air pollution emissions of commercial flights, industrial gas and particle emission, and the nuclear production of electric energy. €50 million are expected to be raised per year once the law will be enforced, which is scheduled for mid-year. The Spokesperson for the Catalan Government, Francesc Homs, has admitted that flights at Barcelona’s El Prat Airport would likely be affected. However, he ensured that none of these 3 new taxes would have a negative impact on the consumers. The law specifies that the tax cannot affect pricing, neither for plane tickets nor for electricity, pointed out Homs. He then put in contrast the €98 million fees an airline can have to pay to the Spanish Airport Authority (AENA) with the €1 million in taxes that may be levied by the Catalan Government.

The Catalan economy has continued on a positive trend during the fourth quarter of 2013, also speeding up the recovery process. According to data released on Friday by the Catalan Ministry of Economy and Knowledge alongside the Catalan Institute of Statistics (Idescat), Catalonia’s GDP grew by 0.4% in the fourth quarter of 2013, while the Spanish average stood at 0.3%. In the whole year, the Catalan GDP has decreased by 0.6 %, while in 2012 it dropped by 1.3%. The continued good results in exports due to the increasing external demand and the improvement of the domestic demand have driven the economy forward.

At ten past twelve this Thursday morning, an Airbus A380 belonging to Emirates has landed at the first terminal of Barcelona’s El Prat Airport. It is the very first of such aircrafts, the largest in the world, to operate on a regular route in Spain. The A380 will allow Emirates to expand by 40% - with 2,200 additional seats per week - the current daily number of passengers flying between Barcelona and Dubai, a route which was launched two years ago. Emirates has decided to introduce the A380 in Barcelona due to increasing demands as well as to reinforce the company's commitment to an “important market for Europe” according to Emirates’ Vice-President of Commercial Operations in Europe, Thierry Aucoc.

The President of the Port of Barcelona, ??Sixte Cambra, said on Wednesday that the total container traffic had reached around one million TEUs for the full year (the reference unit for cargo ships, equivalent to 20 feet containers). “This is the record number of the best pre-crisis times, which happened in 2007” stated Cambra during an informational breakfast in Madrid. The President of the Port of Barcelona also underlined the change in trends since in 2007, in spite of the record number of containers, “more than 60% were imports; in 2013 over 60% were exported containers.”