The business magazine Handelsblatt, together with Munich Strategy, has determined the top 100 fastest-growing medium-sized companies in Germany. This year, the Niedax Group is included for the first time.
More than 4,000 German SMEs from various sectors were examined. Two criteria were weighted equally: firstly, average sales growth since 2017, and secondly, average EBIT margin over the same period.
"The top 100 in the ranking not only show continuous growth, but they also operate profitably in the process. This enables them to finance future growth," says Sebastian Theopold, managing director of Munich Strategy.
Thanks in part to government support, he says, SMEs have by and large come through the crisis in good shape - far-sighted entrepreneurial action has been rewarded. "The companies we now see in the Top 100 made courageous decisions during the pandemic and saw the situation as an opportunity instead of stopping investments."
"We are delighted to receive this award, which clearly shows that we are on the right track with our corporate strategy," explains Niedax CEO Bruno Reufels. "As employees, we thank you for your commitment to our companies and look forward to working with you to shape the future of the Niedax Group."
The full ranking can be found at: Ranking: Das sind die 100 wachstumsstärksten Mittelständler Deutschlands (handelsblatt.com)