Multinational Index: Revenues in Latin America plunge to $40 billion

Latin American revenues of the Top 25 multinational companies operating in the region plunged to a total of $40.2 billion in the second quarter, down from the $47 billion in the same period last year, Latin Trade’s MNC Index shows. While most companies remained roughly in the same spot in the ranking, Finland’s Nokia went up from spot 25 to 22 this year. The surge comes despite being hit by a total revenue loss as customers postpone new orders while the Finnish firm integrates its purchase of Alcatel-Lucent. Kellog Company and Halliburton were hit with the steepest declines in their Latin American revenue, with a 37.8 and 37.9 percent drop respectively. But three U.S.-based firms made it into the top […]

Related

Less impressive growth for most companies in the region: the Multilatina Ranking 1Q23

The Colombian non-metallic mining company Cementos Argos grew more...

Grupo Mexico heads the Latin Trade’s Financial Strength Index 1Q 2023

It has been a remarkable year for Grupo México,...

Top 10 Business Schools in Latin America 2023

Latin Trade presents the Top 10 Business Schools in...