FORBES monthly again awarded NEWAG S.A. with its Diamond. The company came third in the ranking of big companies of Małopolska Province and twentieth in Poland. The ranking comprised companies which in 2014 posted the highest average annual value growth and which reached the sales revenue levels of at least PLN 5 million.
The ranking was prepared by Bisnode Polska– a business intelligence agency. The financial data used in the ranking came from official information filed by companies with the KRS — National Court Register in 2014. On the basis of this data, Bisnode Poland prepared a list of companies which were rated as credible i.e., these that are profitable (on the bases of EBIT and ROA), have high current cash-flow figure and do not have outstanding liabilities. Companies that met all these criteria also had to report a positive financial result and the equity value. Additionally, the sources for the financial results obtained by the winners were checked in order to exclude companies where a sudden increase in value was contributed to one-time extraordinary incidents.
NEWAG S.A is a modern company with its history dating back to 1876. As one of the oldest railway companies in Poland it has an extensive experience in manufacturing of electric locomotives and rolling stock, trams and subway trains.
The company’s production facility located in Nowy Sącz focuses on manufacturing electric and diesel multiple units (EMUs & DMUs), modernising passenger carriages and diesel locomotives whereas NEWAG Gliwice S.A., a daughter company, focuses on manufacturing and modernizing electric locomotives. It is in Gliwice where the cutting-edge Dragon and Griffin locomotive families are produced.
The company has a strong and stable position in the market of locomotive manufacturers in Poland. In recent years, NEWAG S.A. capital group has dominated the Polish market in manufacturing and modernising diesel locomotives and in manufacturing electric multiple units.
NEWAG S.A. is the first choice partner to international concerns such as GE, Siemens AG, Stadler AG and Bombardier.
Newag, together with Siemens implemented a of PLN 1.07 billion contract for delivery of subway trains for Warsaw Metro and currently, together with Stadler, it is implementing a contract for the delivery and maintenance of 20 EMUs for PKP Intercity – the contract value exceeds PLN 1.6 billion.
In December 2013, NEWAG signed a contract for delivery of diesel multiple units to Italy, thus launching its international expansion.
NEWAG S.A. holds the PN-EN ISO 9001:2009 certificate confirming that it introduced and implements the modern quality control system and the IRIS rev.02.1 certification, proving that the company has implemented the international railway industry standards.
More information on the Forbes Diamonds 2015