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VITRONIC identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Europe’ reportVITRONIC recognized in third edition of London Stock Exchange Group’s 1000 Companies to Inspire Europe report Report demonstrates critical importance of high-growth private small and medium sized companies (SMEs) to future European economic growth, innovation and job creation Nomination once more proofs VITRONIC’s innovative capacity
Brussels / Wiesbaden, September 25, 2018: VITRONIC has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Europe. The report is a celebration of high-growth and most dynamic small and medium sized businesses across Europe.
In addition to a large number of entrepreneurs and Members of the European Parliament, the Vice-President of the European Commission, Jyrki Katainen, and the CEO of the London Stock Exchange, Nikhil Rathi, participate in the ceremonial publication of the report today in Brussels.
Jyrki Katainen, European Commission Vice-President: "SMEs are the back-bone of the European economy, which is solid and growing. Thanks to structural reforms in Member States, but also to dynamic and innovative, high-growth SMEs, employment has reached new record levels with almost 240 million people in jobs.”
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their country peers. Dr.-Ing. Norbert Stein, founder and CEO: “The nomination is once again clear proof of the innovative strength of the machine vision people at
VITRONIC. But it is not only a reflection of the high investment in research and development. It is also due to our specialized and dedicated staff.” At the beginning of 2018, personnel rose to 1,000 worldwide, 800 of which are located in Wiesbaden, Germany. Almost half of them, approximately 40 percent, are engineers. In the past five years, personnel grew by over 10 percent each year.
Nikhil Rathi, CEO, London Stock Exchange, summarizes: “The economic po-tential of Europe’s fastest growing companies is clear in ‘1000 Companies to Inspire Europe’. The report shows high-growth SMEs are the innovators, job creators and drivers of economic growth. They have the potential to transform the European economy and give the next generation of young people the future they deserve.”
More detail on the methodology of the nominationcan be found in the report online at www.1000companies.com.