News & Events
Critical Manufacturing awarded SME Excellence 2014
February 04, 2015
Critical Manufacturing, once again, was awarded with SME Excellence status.
The SME Excellence was created by IAPMEI (Agency for Competitiveness and Innovation) in order to indicate, through a reputation instrument, the merits of small and medium-sized companies with higher performance profiles.
In partnership with Tourism of Portugal and a group of 9 main Portuguese bank partners (Banco BPI, Banco Popular, Barclays, CGD, Agricultural Credit, Millenium BCP, Montepio, New Bank and Santander Totta), IAPMEI has selected 1.845 enterprises to be distinguished on a national arena of over 300.000 businesses.
These companies have financial stability and profitability above the national average ratios, have successfully maintained high competitive standards in a particularly demanding context and are extending their growth and results consolidation.
The active contributions in wealth creation and employment in the regions where they operate were also appreciated – the selected companies together hire almost 70.000 employees, achieve average sales growth of 15%, with the increase in exports situated at 16% - two and a half times above the average results of the national business structure.
The selection is based on the group of SMEs Leaders that additionally meet the following criteria:
- Obtaining AAA or AA financial ranking, based on the Report and Accounts of 2013;
- Complying with the following financial criteria, supported by the financial statements of 2013:
- a) Financial Autonomy > = 35%;
b) Turnover growth compared to 2012 > = 5%
c) Return on Equity > = 10%;
d) Return on Assets > = 3%.
For more information, please see here (Portuguese)