{"id":108025,"date":"2024-07-12T10:48:33","date_gmt":"2024-07-12T08:48:33","guid":{"rendered":"https:\/\/mallorcaglobalmag.es\/las-empresas-de-balears-recuperan-la-rentabilidad-previa-a-la-pandemia\/"},"modified":"2024-07-12T13:54:15","modified_gmt":"2024-07-12T11:54:15","slug":"companies-in-the-balearic-islands-recover-their-pre-pandemic-profitability","status":"publish","type":"post","link":"https:\/\/mallorcaglobalmag.es\/en\/companies-in-the-balearic-islands-recover-their-pre-pandemic-profitability\/","title":{"rendered":"Companies in the Balearic Islands recover their pre-pandemic profitability"},"content":{"rendered":"

Companies in the Balearic Islands have resumed the pace of capitalizing on their activities and have doubled their profitability within a year, reaching pre-pandemic levels, according to the latest issue of i|negocios<\/i> from the Economic Intelligence Unit of the Impulsa Foundation<\/strong><\/a>. Specifically, the latest available data, corresponding to the year 2022, show that economic profitability (or ROA<\/strong>) stands at an average of 6.1%<\/strong>, which doubles that of the previous year<\/strong> (3%) and closely resembles that of 2019<\/strong> (6.2%<\/strong>). In this context, financial profitability (ROE<\/strong>) has rebounded to 11%<\/strong>, a rate that far exceeds that of the previous year<\/strong> (4.6%) and surpasses the pre-pandemic threshold<\/strong> (10.9%).<\/p>\n

\"\"

Antoni Riera, in one of the working sessions of the Impulsa Strategy Unit. Photo: Impulsa Foundation.<\/p><\/div>\n

Debt under control<\/h2>\n

Additionally, the average debt of Balearic companies remains under control<\/strong> and does not compromise financial responsiveness. In particular, the financial autonomy<\/strong> of Balearic companies keeps the contribution of net worth at 46.6% of total liabilities<\/strong>, one-tenth below the previous year<\/strong> (46.7%) and 3.5 points lower than the pre-pandemic ratio<\/strong> (50.1%). Thus, the business fabric of the islands has maintained control over both its liquidity<\/strong> (1.43 vs 1.49, 2021) and its solvency<\/strong> (1.87, both years).<\/p>\n

Integration of sustainability into corporate strategies<\/h2>\n

In this regard, the technical director of Impulsa, Antoni Riera<\/strong>, states that “Balearic companies are in a position to undertake ambitious strategies<\/strong>, which require intensive investment efforts starting today and over the next ten years<\/strong>, to create long-term value and ensure the ability to respond to global challenges and opportunities such as climate change, decarbonization, the technological revolution, etc.”<\/p>\n

Currently, long-term value creation is situated within a business framework that integrates sustainability at the core of corporate strategy<\/strong>, which for companies means setting and pursuing a purpose, particularly of positive impact. In this line, Riera points out that “the incorporation of strategic priorities in environmental (E), social (S), and good governance (G) matters<\/strong> in Balearic companies \u2013 through the so-called ESG criteria<\/strong> \u2013 allows gaining resilience and resulting in higher revenues and profitability<\/strong>, while also positively impacting the competitive priorities that the archipelago currently has to regain its position in the European regional framework.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Companies in the Balearic Islands have resumed the pace of […]<\/a><\/p>\n","protected":false},"author":4,"featured_media":108023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1515],"tags":[],"class_list":["post-108025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-tourism"],"yoast_head":"\nBalearic companies achieve pre-pandemic profitability - Mallorca Global Mag<\/title>\n<meta name=\"description\" content=\"Balearic companies have resumed the pace of capitalisation, doubling their profitability in one year and reaching pre-pandemic levels,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mallorcaglobalmag.es\/en\/companies-in-the-balearic-islands-recover-their-pre-pandemic-profitability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balearic companies achieve pre-pandemic profitability - 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