Companies

It is widely known that Portugal lacks own capital and relies on overseas investment to grow its companies, without which it is difficult to grow Portugal’s economy. But with 90% of companies [...]

Profits at Portugal’s cork giant Corticeira Amorim rose 18.2% in the first quarter of the year partly because of savings on operational costs. The company enjoyed profits of €23.8 million, a [...]

Leading Portuguese entrepreneurs have called for stability, good governance, and have called on the Government to focus on the country’s problems as a growing rift has appeared between Portugal’s [...]

The Portuguese grocer Jerónimo Martins (JM) posted a net result of €140 million for the first three months of 2023, an increase of 59.1% on the result the group – which owns the Pingo Doce [...]

The US concert promoter Americana Live Nation is to buy a controlling share in the Portuguese promoter Ritmos & Blues and in Arena Atlântico S.A. The deal is subject to the agreement of the [...]

Portuguese companies, including its construction firms, need to merge or join forces and gain scale in order to stand any chance of successfully competing for deals and projects overseas [...]

Azores Airlines and Air Açores – both belonging to the SATA Group – enjoyed its best year ever in terms of revenues, despite suffering net financial losses of €32.4 and €2.5 million, [...]

The Tangível Group, which focuses on human-centred design and innovation in Portugal, posted results of €5.1 million in 2022, up 70% on the previous year. The company aims to raise the bar this [...]

The British fund Arrow has purchased the furniture manufacturer Viriato in Gandra and has saved 113 jobs in the process. The fund has placed a new CEO, Jorge Neto Morgado, to manage the Viriato [...]

The renewable energy company Greenvolt more than doubled its profits by 114% to €16.6 million in 2022. The company’s net profits were €16.6 million, a growth of 114% on 2021 according to the [...]