sales small and medium enterprises (SMEs) is growing less than its costs, causing a “sharp decrease” in profit margins. According to the ‘Cepyme Indicator’ data corresponding to May, for all SMEs total amount increased by 23% in the first quarter of 2022, sales grew by 19.8%. “This reduces margins and worsens liquidity and competition power company”, summarizes the report.
this ‘Cepyme indicator’ It was created from an analysis of 15 different economic indicators produced by this employers’ association, referring to sales, employment, number of companies, labor costs, services and supplies. interest ratescredit risk premium and access to credit. Indicators related to solvency are also appreciated (number of competitions, average payout period and percentage of liabilities on equity) and competitiveness (net return on assets, productivity and company size).
Cepyme concludes: SMEs are in their most critical situation since 2014 and warns that SMEs are facing the next increase interest rates and credit tightening with high levels indebtedness It increased during the pandemic period. In 2021, the liabilities of SMEs on their net assets increased by 10 percentage points to 96%. The report identifies the largest increase in margins, in addition to the decrease in margins. business expenses over the years (5.7% in the first quarter of 2022), as well as a “collapse” cost effectivenessFrom 3.7% in 2019 to 3% in the first quarter of 2022.
“After the pandemic, Spanish company shows signs of lagging behind in recovery. Although there is more activity, it is much less profitable. This situation worsens at the beginning of 2022. inflationary crisis‘ is the overall conclusion from the May edition of this report.