Spanish SMEs show resilience with rising revenue forecasts

According to the III Report on SMEs and Self-Employed in Spain by Hiscox, Spanish small and medium-sized enterprises (SMEs) are showing significant resilience. Approximately 40.9% of SMEs expect to increase their turnover this year, while 37.1% anticipate stable business levels.

Looking toward 2026, 36.5% of SMEs project an increase in economic results, a figure that marks a historical high compared to previous years. Regarding profit margins, 36.3% expect them to remain unchanged, while 15.5% foresee a moderate deterioration and 9.4% anticipate a sharp contraction.

Employment trends suggest a cautious approach to human capital. While 66.7% of companies plan to keep their staff levels stable, only 15.6% project the creation of new jobs. The report notes that larger companies with turnovers exceeding 2 million euros show greater dynamism, with 50.4% projecting sales increases and 47.9% projecting profit growth.