Multinationals Index
Telefonica leads Latin Trade's second quarter MNC ranking. Photo: ecemaml/Wikimedia Commons

Telefonica leads Latin Trade's second quarter MNC ranking. Photo: ecemaml/Wikimedia Commons

12th October 2015

Three companies defy region’s adversities
by David Ramirez
 
Latin Trade’s Multinational Companies (MNCs) index, which measures the US dollar-revenue of the top 25 MNCs operating in Latin America, fell again in the second quarter.
 
Following a 13 percent contraction in January-March, the index dropped 16 percent in April-June (both figures year on year), as the total revenues of the 25 MNCs composing the list dropped to $47.7 billion.
 
Just like other firms operating in Latin America, multinational companies’ revenue has been dragged down by more hostile macroeconomic conditions, including waning household consumption and sharp US dollar appreciation.
 
Out of 25 MNCs ranked, 22 show lower revenue in the quarter, with automotives firms the top underperformers. The revenues of Volkswagen (Germany), Fiat (Italy) and Ford (US) plunged by around 30 percent each, partly driven by faltering car sales in Brazil (24 percent down year on year in January-September) and other key markets, such as Argentina and Chile.
 
Groupe Casino (France) was another top underperformer in the ranking, with revenue plummeting 29 percent in April-June. Exchange rate effects aside, this owed principally to lower sales of electronics in Brazil, which offset higher food sales throughout the region. Similar factors, plus lower gasoline sales, affected the revenues of another MNC retailer, Carrefour, which dropped 12 percent over the period.
 
The hit to MNCs operating in Brazil also …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.
Read the current issue of Latin Trade Magazine

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US