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Spanish Biotechnological Company With 80 Per Cent Female Workers Turns Over €264m ($290m) In Five Years
EuroWeekly News ^ | 07 August 2023 | Chris King

Posted on 08/07/2023 4:38:08 PM PDT by nickcarraway

A Spanish biotechnological company has broken all records by reporting sales of €264 million in the last five years.

According to the annual accounts of Certest Biotec, specifically, it has turned over a total of €264,858,113, as reported this Monday, August 7, by okdiario.com.

This incredible feat has been achieved while employing in excess of 80 per cent of females in its workforce based in the city of Zaragoza in Aragon.

As reported last May by the Spanish Association of Biocompanies AseBio (AseBio), 60 per cent of the staff of all biotechnology companies in Spain are women.

In 2021, Certest employed an 80.15 per cent female workforce In the case of Certest, its percentage of women staff has also been maintained over time. In 2021, the company already had a total of 80.15 per cent of female employees, making it one of the highest in the sector.

According to the same Asebio study, women represent 30 per cent of the management teams of biotechnology companies, a figure much higher than that of Ibex-35 companies.

Almost all of the employees of this type of company (98 per cent) have higher education and to a good degree, doctoral studies (12 per cent).

Studies showed more females were employed in larger companies In fact, the study showed that the greater the size, the more women there were in biotechnological companies with either the older-type bachelor’s degree or the current university degree.

This figure ranged from 11 per cent in companies with less than 10 employees, to 71 per cent in those with more than 250 employees.

Certest raises the average of this study because of its 298 employees – mostly with a permanent contract – 238 are women, according to the latest known data, from last year 2022.

Disregarding the boom during the years corresponding to the pandemic and the following year – when the company obtained a result of €110,674,731 in 2020, and €108,754,536 in 2021, Certest has increased its revenue by almost 660 per cent.

Certest has experienced a huge increase in business In 2019, the company billed for in excess of €5 million, and in 2022, more than €35 million. In fact, its turnover went from more than €17 million in 2019 to more than €73 million last year.

There was an exponential increase also in reserves, which went from just over €12 million in the year before the pandemic to more than €126 million at the end of 2022.

The company’s accounts are more than healthy and this was certified by the auditor Ersnt&Young when it issued a favourable result for its consolidated annual accounts last year.

After its growth during the pandemic – for designing and marketing the diagnostic test and solutions to Covid-19 – Certest began an investment plan of €30 million, to expand its business lines with new pharmaceutical and biotechnological developments to relaunch its activity.

This is a business plan with which it will surely continue to improve its results and expand its workforce for the incorporation of many more employees.


TOPICS: Business/Economy; Local News; Science
KEYWORDS: biotech; donate; donatedonaldtrump; donatetrump; spain

1 posted on 08/07/2023 4:38:08 PM PDT by nickcarraway
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To: nickcarraway

It is simple math, feminists say that a woman has to be 10 times smarter than a man, has to work 10 times harder than a man, and that they get paid half as much, so how could it not be a success formula.


2 posted on 08/07/2023 4:41:41 PM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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To: nickcarraway
That wood never work in the United States. OSHA would shut it down due to excess estrogen fumes.

3 posted on 08/07/2023 4:45:46 PM PDT by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: Governor Dinwiddie
wood would
4 posted on 08/07/2023 4:46:22 PM PDT by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: nickcarraway

This isnt at all strange. In the industrial era there have been several sectors relying primarily on female workers. Textiles and clothing manufacture are two.


5 posted on 08/07/2023 4:46:33 PM PDT by buwaya (Strategic imperatives )
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To: nickcarraway

they designed a COVID test and got preferred contract treatment because they had so many females.

>>Disregarding the boom during the years corresponding to the pandemic and the following year – when the company obtained a result of €110,674,731 in 2020, and €108,754,536 in 2021

so, 219 million out of the 264 million euro revenue was from the covid tests that are no longer needed. What does their profitability look like now?


6 posted on 08/07/2023 4:52:18 PM PDT by vikingd00d (chown -R us ~you/base)
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To: Governor Dinwiddie

They probably offer cramp day on the same day each month, because females sync their menstruation cycles when they are in a group for an extended period of time.


7 posted on 08/07/2023 4:55:11 PM PDT by Jonty30 (If liberals were truth tellers, they'd call themselves literals. )
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To: nickcarraway

So this company is proud they discriminated against men. I’m going to use a liberal argument that just because the company is successful does not excuse the discrimination, they need to immediately let go at least 20% of the women and replace them with men, experience and ability may not be used in the hiring it only matters that they are men and transgenders don’t count.


8 posted on 08/07/2023 6:00:41 PM PDT by Mastador1
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To: nickcarraway

If I had to guess, 70 percent are probably a trick. This household has been fooled by some very gifted “female” engineers on YouTube. Took some scrutinizing before it was obvious.


9 posted on 08/07/2023 6:44:30 PM PDT by neefer (Bad spellers of the world, untie!)
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To: Jonty30; Governor Dinwiddie

The latest research says that that is a myth. It’s based on a study from 1971 of 135 Wellesley students.


10 posted on 08/07/2023 7:09:35 PM PDT by nickcarraway
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To: Mastador1

How do you know they discriminated. Maybe men just didn’t want to apply to work there.


11 posted on 08/07/2023 7:10:17 PM PDT by nickcarraway
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To: nickcarraway

Just put some tampons and chocolates together and track their disappearances to know for sure.


12 posted on 08/07/2023 7:13:40 PM PDT by Jonty30 (If liberals were truth tellers, they'd call themselves literals. )
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To: nickcarraway

Their parking facility must take up lots of land with none of the parking spaces requiring them to back in or out.


13 posted on 08/07/2023 7:17:23 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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