Nabaltec AG / Key word(s): Miscellaneous
Members of the Board of Nabaltec AG among the finalists in the 'Entrepreneur of the Year 2012' competition
- Ernst & Young awards the prize to recognize innovativeness and personal commitment;
- Prize awarded on 21 September at the 'Alte Oper' opera house in Frankfurt.
Schwandorf, 25 September 2012 - Impressive growth rates, high innovativeness and social commitment: for the 16th time, the auditing and consulting firm Ernst & Young chose the best mid-size companies in Germany. After a strenuous, multi-phase selection process, 75 out of the 300 nominated companies in five categories have advanced to the final round of the 'Entrepreneur of the Year 2012' competition, and the Members of the Board of Nabaltec AG, Johannes Heckmann and Gerhard Witzany, have been among them. 'I am very pleased by this success. Reaching the final round in this renowned competition demonstrates that Nabaltec has been able to combine high innovation with economic success and social engagement in optimal fashion. And, what is especially important, we accomplish this consistently and on a sustained basis. That's why we are especially pleased to be nominated once again for the final round', commented Gerhard Witzany.
'The entrepreneurial prize has been highly regarded for many years because of its high criteria and prestigious jury', said Wolfgang Glauner, the competition's project manager. The 75 finalists have distinguished themselves through especially high innovativeness thanks to the hard work of their highly qualified and highly motivated employees. They have efficient organizational structures with quick decision-making processes, allowing them to respond flexibly to changing market conditions.
'It was a strong field and therefore no easy task for the jurors', explained Wolfgang Glauner: an independent jury of well-known economic experts was charged with selecting the 'Entrepreneurs of the Year 2012' from all the finalists. In each of the five categories, industry, commerce, services, IT/media and start-up, one winner was announced and honored on 21 September at the 'Alte Oper' opera house in Frankfurt before a distinguished audience. For the first time, a prize was also awarded for family businesses, recognizing the exemplary achievements of a family business with a long tradition of sustainability, a focus on value and assuming social responsibility.
Innovation as the Key to Success
The companies in the final round have demonstrated high growth rates. They represent all major sectors of the economy and generate an average of EUR 68 million in revenues a year, with an average of 430 employees. They hired more than 4,000 new employees in 2011. Nabaltec is one of the larger companies in this field of nominees. Nabaltec AG's revenues were up 14.5 percent in 2011, to EUR 129.0 million, and its operating result (EBIT) was up 92.3 percent, to EUR 12.5 million. Its employee base increased by 7.5%, to 400. 'Nabaltec's ability to respond very quickly to market conditions and customer needs is the key prerequisite for our success in this very internationalized market. Nabaltec enjoys an outstanding reputation among its customers, as our recent customer survey demonstrates. Forming strong customer relationships based on highly innovative products and consistently reliable top quality has been the foundation for our continued success in 2012 despite an environment which is not getting any easier', said Johannes Heckmann. In the first six months of 2012, Nabaltec had revenues of EUR 68.3 million and operating result (EBIT) of EUR 6.7 million.
A key factor in the success of this year's finalists is the ability to quickly respond to changing market conditions with innovative products and services: these companies have invested above-average in innovation and are therefore in a position to bring newly developed products to market quickly and withstand the ongoing consolidation process in many sectors of the economy. The entrepreneurs attribute their ability to successfully implement innovations to their highly qualified and committed employees, which is why training and professional development play a decisive role in their companies.
About the 'Entrepreneur of the Year' Competition
In addition to recognizing successful entrepreneurs today, Ernst & Young has also set out to promote the next generation of entrepreneurs by creating the 'Entrepreneur of the Year Junior Academy'.
The Independent Jury
* Prof. Dr. h.c. Lothar Späth, former Ministerpräsident;
About Nabaltec AG:
Phone: +49 9431 53 - 205
Fax: +49 9431 53 - 203
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
End of Corporate News
25.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
|Phone:||+49 9431 53-0|
|Fax:||+49 9431 53-260|
|Listed:||Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Open Market (Entry Standard) in Frankfurt|
|End of News||DGAP News-Service|