Amazon increased its income in Spain by 11% and exceeded 6,000 million

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Amazon increased its income in Spain by 11% and exceeded 6,000 million

amazonthe American technology multinational, invoiced 11% more in Spain in 2021 compared to the previous year. Specifically, according to the results presented this Friday, and which do not include the benefit in the country, it obtained total gross income that exceeded 6,000 million euros, compared to the 5,400 million it invoiced in 2020.

In addition, the US company increased the total paid in taxes, a 11.9% more than in 2020, until the 292 million. Of the total, 224 million corresponded to direct taxess, most of it “relating to payroll taxes and social security,” and 68 million to taxes indirect, as VAT according to the data provided.

As to investment understand, the company allocated 3.7 billion euros in 2021 in Spain, a 48% more than in 2020, both in capital expenses (infrastructure, logistics centers, corporate offices and cloud infrastructure), and in operating expenses, including employee salaries. In the last decade has invested more than 10,500 million euros in the country.

The multinational currently has 18,000 workers fixed in Spain and hired 6,000 during 2021 with the goal of raising this figure to 25,000 “before the end of 2025”.Regarding turnover, the company’s income in Spain represent around the 1.33% of their global salesas the company reported total revenue of $451.1 billion ($469.822 million) globally in 2021.

The more than 6,000 million in gross income of Amazon in Spain in 2021 would place the firm as the sixteenth company of the Ibex 35 in annual billing. According to Amazon, its business continues “growth with a large sales volume“, but points out that the operating profit They are still relatively low due to price pressure in a very competitive market, intense capital investment and rising operating costs (including those resulting from increased labor force and inflation)”.

Presence of Amazon in Spain

Amazon figures in more than 12,000 small and medium businesses (SMEs) that sell in the company in Spainwhich reached exports of more than 650 million euros in 2021. In additionthe Spanish SMEs that operate in the company they sold more than 600 millions of products in Amazon stores in 2021, a 70% more than the previous year, and have created more than 30,000 jobs.

Currently, the logistics network of Amazon in Spain covers more than 40 centers throughout Spainafter opening “several new offices” during 2021. In addition, at the beginning of 2022 the company announced the arrival of Lab126 to the country, for what it has planned hire 100 people. In the case of Amazon Web Services (AWS)the company mentions the forthcoming opening of its new infrastructure region in Spain, which represents “an additional investment of 2,500 million and the estimated creation of 1,300 jobs full-time job for the next 10 years.” In addition, Amazon has 14 renewable projects in the country, both solar and wind, which will have a combined capacity of more than 1.4 gigawatts (GW), when the last five recently announced are installed, according to the company.

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