The Spanish business sector is in luck. This is evidenced by our country’s privileged position in the FT 1000 – Europe’s Fastest Growing Companies 2018 ranking, published by the Financial Times, which compares the income performance of companies from 31 European countries over the period 2013-2016. Three Spanish companies are in third, fourth and fifth position with average annual growth of over 339%. And if we increase the list to the first twenty, a total of five national companies appear.
This fact reveals that the health of Spanish companies is beginning to recover and is growing at a good pace after having suffered one of the most devastating economic crises of recent decades. According to the statistics that the INE carries out, in 2017 the turnover of our companies closed with a growth of 6.8%, so that they strung together four consecutive years upwards and experienced their most important growth since the beginning of the crisis in 2008.
In line with this trend, a survey carried out by CEOE and KPMG reflects a very optimistic outlook for 2018, as 77% of the companies consulted forecast that their turnover will increase over the next 12 months. In terms of job creation, the growth curve is led by the technology and automotive sectors, while financial institutions continue to be the most pessimistic about this indicator.
In this context, the whole team of professionals that make up Lexer wants to share our satisfaction for being part of Europe’s Fastest Growing Companies 2018 as one of the companies that has grown the most in recent years. The secret of our success? Bold management to take advantage of little exploited market niches, financial prudence to avoid being drowned by debt, and a commitment to technology and talent promotion.
