At the annual European Small and Mid-Cap Awards held on 12 November in Brussels, Carel Industries won the prize for the “International Star” of the European market.
These awards were created in 2013 by the European Commission, to recognise the best small and medium-sized companies listed on Europe’s stock markets. Divided into four categories (International Star, Rising Star, Star of Innovation and Star of 2019), the winning companies are chosen following a strict selection criterion that looks at results in terms of international sales, profits and growth in market share. A high-level independent jury, moderated by the European Commission and comprising representatives from academia, asset management, brokerage and the media, evaluated the nominations and chose Carel as the “International Star” for 2019.
“For Carel this is an important recognition, and one we are very proud of”, commented Group CEO Francesco Nalini. “In recent years, our Group has seen a series of major evolutions, with the pinnacle being our stock exchange listing. The award recognises Carel as a company with a strong propensity for constant innovation, focused above all on environmental sustainability, and internationalisation, both of which are fundamental characteristics that have underscored our company’s history and will undoubtedly be at the centre of our future development.”
Carel Industries was recognised as the company with the best performance internationally, in part due to its expansion into new markets as well as in existing ones. Its solid international development strategy, combined with the ability to grasp opportunities outside of the borders of its home country, were listed as the main reasons why the award went to the Padova-based company.
The event is co-organised by EuropeanIssuers, representing the listed companies, and FESE (Federation of European Securities Exchanges), representing the stock exchanges.
Information on the European Small and Mid-Cap Awards
The Awards aim to promote best practices and to highlight the best European Small and Mid-Sized Companies that have gained access to capital markets via an Initial Public Offering (IPO). They showcase the diversity of European markets, and aim to promote stock listings, in particular targeting SMEs and growth companies. These companies are key to achieving the EU’s goals in terms of job creation, competitiveness and growth.
The European Small and Mid-Cap Awards support the benefits of equity financing and encourage smaller companies to consider this financing option. Equity market financing plays a key role in creating employment, growth and global competitiveness. http://europeansmallandmidcapawards.eu/