Mediobanca prize for most dynamic medium-size companies
March 2010
This initiative is intended to highlight the most dynamic Italian companies which are also the most promising in terms of their potential to become large businesses. In addition to growth rates in terms of sales, priority is given to governance arrangements, internal organization, emphasis on innovation in terms of process and product, and acquisition of significant market shares within Italy and elsewhere.
Each year two prizes are awarded to businesses (industrial companies or service companies with industrial content) which in the foregoing three-year period have seen growth rates of not less than 40% in terms of sales, at least 20% of which must have been in the last year, and net profit margins equivalent to not less than 4% of turnover. The first prize is awarded to a company reporting turnover of below €290m with a workforce of 499 staff or below; the second prize is awarded to a company which has exceeded the above limits but has still not achieved €2bn in sales volumes. Participation in the competition is governed by the relevant Terms and conditions.
Candidates are selected by the Research Department of Mediobanca, which, on the basis of the objective parameters that can be found in the annual survey of leading Italian companies, draws up profiles to be submitted to a technical committee comprised of independent members; the committee then makes the final decision regarding the successful companies. The prizes are awarded by the senior management of Mediobanca at a conference arranged at its headquarters. The business histories of the successful companies are available for download from this site.
|