Corporate profitability in Portugal rose to 8.1% in the second quarter
Profitability rose to 8.1% in the second quarter of this year, compared to 7.9% in the first quarter of this year, compared to 7.9% in the first quarter at the end of 2021.6%, with independence having increased by 40, 8%, and for this Tuesday from the Bank of Portugal (BdP).
The return on assets of private companies of 8.4% in the previous quarter and 8% at the end of 2021), the return of private companies of 8.4% in the previous quarter and increased to -1.4% in the second quarter (-1, 7% in the first quarter and -4.5% in December 2021).
By size class of private companies (excluding head offices), the return on assets of micro, small and medium-sized enterprises (SMEs) rose compared to the end of 2021, from 7.6% to 8.2%, while in large companies it was remained at 9.4%.
In an analysis of the economic activity sector of private companies, it appears that, in relation to the end of 2021, the return on assets – measured by the ratio between earnings before amortization, depreciation, interest and taxes of companies (EBITDA) and the total assets – increased in all sectors of activity, except the electricity and water sector.
Thus, at the end of the second quarter it stood at 10.8% in industry, 6% in electricity and water, 5.7% in construction, 9% in commerce, 11.2% in transport and storage, 8.4% in in other services and 6.4% in head offices.
With regard to the financial autonomy of companies (measured by equity on the balance sheet), it increased to 40.8% in the second quarter of 2022, a figure higher than that recorded at the end of 2021 (40.5%).
In the opposite direction, the weight of financing in the total resource obtained 1.8%, at the end of 2021, to 31.1%, in the second quarter of 2022.
An analysis of the sector of activity shows that the financial autonomy of private companies (41.1%) increased compared to the end of 2021 in all sectors of activity, with the exception of the electricity and water sector. At the end of the second quarter, it was 44.4% in industry, 34.2% in electricity and conservation, 33.5% in construction, 38.6% in commerce, 25.2% in transport and conservation, 40.9 % in other services and 61.8% in head offices.
In terms of financing obtained in total assets from private companies, “the head office sector was the only one that did not follow the rise in the indicator”.
By size class of private companies (excludes), financial autonomy increased, compared to the end of 2021, SMEs, from companies 40, 3% to companies 1.2%, and intellectual-headquarters, social35 .1% to 34, 6%.
How much it obtained weighed less in total assets than at the end of 2021: in SMEs, insurance of 31.3% for financing of 30.5% and, in large companies, from 32.9% to 32.1%.
In public companies, financial autonomy grew from 31.6% to 32.5% companies and financing increased as a percentage of the total decreased from 37.2% to 35.8%.
The updated balance sheet company statistics for the third quarter of the year will be released by the BdP on January 11, 2023.