Economic environment
2013hasbeenayearof recoveryof theSpanishStockMarketafterahigh-
ly negative 2012. The Spanish economy hit rock bottom in the summer,
initiating after that its first steps towards recovery. In Spain, the reforms
andadjustments seem sufficient toestablisha structureonwhich to start
building. It seems tobe improvingoutside our borders: The policy of the
Federal Reserve and lower uncertainties around the United States tax
policy, reduced financial stress in the Eurozone and themore flexible at-
titude of theCEB, combinedwithother reformpolicies in countries such
asChinaandJapan, nowallowus tohaveamoreoptimisticoverview than
inprevious years.
The stock markets reflect and anticipate the real markets. Hence, IBEX
closed theyearat9,916.7points,which representsa21.42% risecompared
to thecloseof 2012. The shareof
Atresmedia
closedat 12.02€, compared
to 3.90€of the previous year. Its value increased 208.2%during the year
as thebestmedia company inEurope.
Other European markets have experienced a similar behaviour: The
FrenchCAC40grew 17.99% (closingat4,295.95points); theGermanDax
reached 9,552.16, which represents a 25.48% increase; and the London
FTSE gained 14.43%, closing at 6,749.09 points. The Eurostoxx 50 index,
which includes the50most important companies inEurope, grew 17.95%,
closing 2013 at 3,109.0points.
ATRESMEDIA
ANNUALANDCORPORATERESPONSIBILITYREPORT 2013
Atresmedia
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