Multinational companies operating in Latin America had a slow start to the year, with a 10 percent revenue growth on average, compared with the 20 percent growth in 2017, Latin Trade’s latest Multinational Index shows. The figures were closely in line with the companies’ revenue growth average of 11.9 percent in the rest of the world. In Latin America, growth was led by Spanish energy firm Iberdrola, with a 176 percent sales growth in the region. This growth rate was mainly due to the consolidation of Brazil’s Neoenergía in Iberdrola’s financial results. Nokia and Fiat follow with 47.8 percent and 30 percent growth, respectively. On the other end of the spectrum, telecoms company NII Holdings saw the biggest losses, with […]
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