catalan companies

The Catalan urban clothing firm Desigual posted a €66.4 million profit in the first six months of 2014, which represents a 47.9% increase on the same period of the previous year. The fashion company registered a turnover of €452.9 million between January and June, 23.1% higher than the figure registered in 2013 during the same period. "The results confirm the company's growth, strength and good financial position", stated Desigual on Tuesday via a press release. The firm led by Thomas Meyer underlined that during the last few years they have been focusing on their international expansion. Following this strategy, the Catalan brand opened 45 new shops during the first half of 2014, entering into new markets in Latin America (Peru and Brazil) and increasing its presence in Asia (in Japan, Hong Kong and Singapore).

Barcelona will host one of the main and most innovative business accelerators in the world, Startupbootcamp, which is winner of Europe's 2014 Best Startup Accelerator and specialises in new technologies. The German company will select 10 start-ups from all around the world to help them develop their projects specifically related to the so-called Internet of Things (IoT), which is the technology connecting electronic devices to each other in order to improve quality of life. Startupbootcamp will set up its office in the 22@ technological and business district, which occupies the revamped Poblenou old industrial neighbourhood. During 3 months it will select the projects from the Media TIC building, where the Mobile World Capital has its main offices, which is the foundation that aims to transform Barcelona into the capital for the world's cell-phone and mobility industry, after organising the Mobile World Congress each year.

Exports from Catalonia between January and June 2014 reached €29,769.5 million, which represent a 1.8% increase compared to the same period last year. They also represented 24.9% of Spain's total exports, which reached €119,265 million, a 0.5% growth on the previous year's figures. However, despite growing at a slower pace, Spain's total exports posted a new historical record since comparable figures started to be registered in 1971. Considering just the June figures, the export sector seemed to be affected by the negative economic figures from France and Germany. Catalan exports only grew by 0.1% in June compared to the figures registered in the same month of 2013, while Spain's total exports during the first sixth months of the year decreased by 1.2%.

The President of the Catalan Government, Artur Mas, stated on Tuesday that the self-determination process is following 3 principles: respect for "the law and dialogue", "but also democracy", which will guarantee that citizens are able to vote. He said that the Government "has done its homework" by "providing information" about the process and how to build a new state, by ensuring "participation" from civil society, by proving "a will to talk" with Spanish authorities, and by showing "determination" to go ahead with the mandate resulting from the last Catalan elections to organise such a vote. Mas highlighted that the vote will be legal since it will use Catalan legislation. However, he asked citizens for "psychological strength" for the months ahead and future "challenges". Mas also emphasised that Spain's "economic recovery" is mostly "coming from Catalonia", since Catalans are "leading" the statistics regarding job creation, exports, tourism, scientific research and foreign investment.

568,231 unemployed people were registered with the Catalan Public Employment Service (SOC) this July, 1,983 less than in June, which represents a 0.35% reduction. This is 42,198 less unemployed people than in July 2013, or a 6.91% annual reduction. All of the Catalan provinces have seen a drop in unemployment over the past month. In addition, there has been an increase of Catalans registering with Social Security, a 12% rise in hiring rate and nearly all sectors in Catalonia are creating new jobs. In Spain as a whole the number of people looking for work stands at 4,419,860 people, 281,478 fewer than the previous year, which represents a 5.94% annual drop. 

The pace of the Catalan economic recovery is "accelerating" according to Miquel Valls, the President of Barcelona's Chamber of Commerce. This is especially apparent in the second quarter of this year, which saw the interannual GDP grow by 1.3%, compared to the 0.4% growth registered in the first quarter of 2014. This rapid acceleration will oblige the Chamber to review in its autumn report its economic forecasts for Catalonia in 2014 and 2015, which are currently set at 1.2% and 1.5% respectively. Although there is still uncertainty to exactly what shape the new economic climate will take, the new predictions of growth could be above 1.5% for 2014 and 2% in 2015, indicated Valls.

During the first half of the year, the revenues of the Catalan multinational pharmaceutical company Grifols rose by 16.7% to €1.61 bilion, 75% of which came from the Bioscience division and 18% from Diagnostic. Compared to the first quarter, the proportion of total sales generated by each of the group’s divisions remains unchanged after the acquisition of Novartis' diagnostic business. The world´s third-largest blood-derivate product maker, Grifols obtained a net profit of €224.8 million, 23% more compared with the same period last year, as reported by the company to the Spanish Stock Exchange Authority (CNMV). These positive figures were achieved due to the maintenance of financial costs, made possible by improved financial conditions, despite having increased debt in absolute terms.

On Wednesday the Catalan pharmaceutical company Almirall announced that they have sold the rights to their respiratory subsidiary to the British-Swedish company AstraZeneca for the initial value of €653 million ($875 million), to be paid when signing the deal. Then, further payments could reach up to an additional €910 million ($1.22 billion), depending on the AstraZeneca's success in product development, new product launches and sales. This news comes after Almirall announced a €19.1 million net profit in the first two quarters of this year, an 8.5% increase from the same period last year. With this new operation it is expected that "a significant number" of employees from the Catalan company's respiratory subsidiary will be transferred to AstraZeneca.

The Basque domestic appliance company Fagor Electrodomésticos, which declared bankruptcy in November 2013, has been bought by the Catalan company Cata. On Tuesday the Mercantile Court Number 1 in San Sebastian awarded Fagor's assets to the Catalan domestic appliance company for the price of €42.5 million, €14.5 million more than was offered by the Algerian company, Cevital. Cata offer covered all of the bankrupt divisions of the Basque cooperative and pledged to create 705 direct jobs, as well as ensuring the continuity of the brand names Fagor, Edesa, Aspes and Splendid. Cata stated that the purchase of Fagor was important because it will create "industrial synergies" between the two companies.

Barcelona-based CaixaBank, which leads the Spain's banking market, registers a net attribute profit of €305 million during the first half of 2014. This is 25.3% less than 2013 and it is due to extraordinary operations such as the costs of totally integrating Banc de València and the effects of 2012 regulatory regarding the restructuring of toxic real estate assets. Apart from that, the profit attributable to the banking and insurance business, which excludes real estate activity and the investments portfolio, stands at €665 million. The banking business has generated €1.72 billion, representing a 6.8% increase, and highlights the acceleration of the decrease of the delinquency rate, which fell for the second consecutive quarter and now stands at 10.78%, 88 basis points less. 

63% more exports have been channelled through the Port of Barcelona during the first six months of 2014 than in the same period of 2008, prior to the economic crisis. On Friday, the President of Barcelona Port Authority, Sixte Cambra, announced that 2014 will be the year of record sums of exports and imports from the Catalan port. The Port finished the first half of 2014 with 22.5 million tons of goods transported, representing an increase of 7% compared with the same period of 2013. Cambra said that growth occurred in all cargo sections of the port, driven by foreign trade, especially exports.

Barcelona-based Criteria CaixaHolding becomes the second largest shareholder of Suez Environnement after signing a binding agreement with the French-based utility company for the sale of Criteria's 24.14% stake in Agbar (Sociedad General de Aguas de Barcelona, S.A.) in exchange for 22 million newly issued Suez Environnement shares. These shares represent 4.1% of Suez's share capital and €299 million in cash. As part of the agreement, Criteria stated its intention to allocate part of the money received from the purchase of Suez Environnement shares in the stock market, aiming to achieve, depending on market conditions, a 7% stake in Suez Environnement, a company which currently controls 75.35% of Agbar.

Barcelona Olympic Ring will become the home of the first theme park in the world entirely dedicated to sports, called Open Camp Sportainment. According to the company responsible for the project, the 66.000 m² theme park will offer a "unique" show involving technology, family and sports. The new attraction will occupy the current Olympic Stadium, the Palau Sant Jordi sports hall, the Olympic Museum, the Bernat Picornell swimming pool, the telecommunications tower designed by Santiago Calatrava and the INEFC sports faculty. All these facilities will combine their regular activities with those of the theme park, which will be open from April to October. The project expects 7,000 visitors per day and an annual economic impact for Barcelona of 53 million euros.  

Barcelona has gone from 22^nd to 7^th place in the list of 468 European cities with the best economic prospects; it is ranked the 19^th most competitive city in the world and the 10^th in Europe; it stands at 10^th in the world in terms of receiving new business investments; and it became the 4^th city hosting the largest amount of congresses at world level. The report was produced by the Chamber of Commerce of Barcelona in collaboration with the City Council. Furthermore, another study compiled by ESADE business school stressed that Barcelona is the 1^st European city in money spent per tourist in shopping, ahead of London and Paris. The Mayor of Barcelona, ??Xavier Trias, welcomed the news but also emphasised the ''shadow'' of having more than 100,000 unemployed in Barcelona, a number he finds “unbearable.”

A plasma fractionation plant installed in Clayton, North Carolina by the company Grífols was unveiled on Tuesday by the President of the Catalan Government, Artur Mas, along with the President and CEO of the pharmaceutical, Víctor Grífols, and the State Governor, Pat McCrory. The new plant is 14,400 square metres big, will create over 200 jobs and represents an investment of 260 million euros. Expected to be operational by 2015, it will the largest and one of the most advanced plasma fractionation plants in the world. Grífols already has 2,300 employees in the state of North Carolina and it is among the world's top pharmaceuticals within the blood-derivates market. A few weeks ago, Víctor Grífols gave his support to the Catalan President and the self-determination process, which he confirmed on Tuesday.