Companies listed on the SME Stock Exchange have seen their annualized EBITDA increase by 20% since 2013, and their workforce by 30%.
Listings in the financial markets help companies grow faster and create more jobs. This is evidenced by data on the variation in revenue, EBITDA, and workforce of BME Growth companies over the past decade. Despite facing a challenging environment with a pandemic, a rise in financing costs following changes in central bank monetary policies, and geopolitical conflicts, SME Stock Exchange companies continue to grow, with data as of the end of 2023.
Over the past 10 years, the BME Growth companies as a whole have achieved a compound annual growth rate (CAGR%) of 28% in revenue. This growth slowed in 2023, mainly due to a difficult year for a sector like renewable energy, which has a significant weight in the combined revenue of the SME Stock Exchange. Excluding this sector from the sample, the overall market revenue has grown at an annual rate of 16%, rather than 4%, driven largely by the growth of more traditional sectors such as real estate, which also has a significant presence in this market.
Looking at the overall aggregated income statement, a similar trend can be observed in terms of the market’s profitability, as measured by the evolution of its EBITDA margins. The overall EBITDA shows a CAGR of 20%. In 2023, it continues to grow at a rate above 12%.
Lastly, in line with the characteristic of companies that are key in job creation in Spain, the number of employees working for BME Growth SMEs has recorded an annualized growth of over 30% during this decade. This confirms that small and medium-sized enterprises are a key player in the Spanish economy, accounting for around 42,000 jobs.
A total of 41 BME Growth companies will participate in the 20th edition of the Medcap Forum, which will take place from May 28 to 30. You can check the event program here.
Source: MiMub in Spanish
