Creditinfo Iceland has recently published “Iceland‘s Strongest Companies 2013”.
Creditinfo annually carries out detailed analysis, highlighting Icelandic companies that have achieved top marks for their strength and stability in the market place. Of the 33,000 publicly and privately owned companies registered in the Icelandic Company Directory, only 462 (1.4%) of these organizations passed the conditions, set out by Creditinfo, in order to receive the coveted award of being one of ‘Iceland’s Strongest Companies’.
Creditinfo believes that in smaller economies, it is more important to assess a company’s strength through the stability of their operational performance over time, as opposed to reviewing only one fiscal year. This long-term assessment prevents the inclusion of companies that cannot withstand market fluctuations, such as was the case for a number of businesses in the economic collapse of 2008.
Mr. Bjarni Benediktsson, Finance Minister – Iceland
Approximately 600 representatives from 225 companies attended an impressive and inspiring event on 13 February 2014 at the Hilton Nordica Hotel to celebrate and acknowledge the prestigious status of being named as one of Iceland’s strongest companies. The awards were given in three categories based on Total Assets: 80-200 ISK millions, 200-1,000 ISK millions and 1,000+ ISK millions. (Approx. 0.5 – 1 millions euros, 1 million to 6.5 million euros and 6.5 million euros plus). Icelandic Finance Minister, Mr. Bjarni Benediktsson (pictured) and Creditinfo Iceland‘s CEO, Mr. Hákon Stefánsson were pleased to present the awards to the leading organisations during the ceremony.Continue Reading..