Although we are not a multinational company, the ups and downs of the international market have the same effect on us as on any IBEX 35 company.
The fall of the euro against the dollar has greatly harmed us throughout this campaign and our purchase prices have suffered considerably. If currency fluctuations were not significant in other years and stability marked the foreign exchange market, in recent months we have had to navigate the waters of political and economic instability worldwide.
The characteristics of our business require us to keep up with everything that affects the currency market, the price of crude and many other macroeconomic issues. A typhoon across the world, a ship hijacking in the Indian Ocean or the last decision of the Chinese minister are not just simple headlines but factors that determine the conditions of our business. Welcome to the “Global Village”.