News
‘Polish Cheetah’ for Newag
NEWAG S.A., together with CCC and LPP are, according to the ranking of Wprostweekly, the fastest growing Polish companies. On June 16, 2015, Zbigniew Konieczek, the President of the Management Board, received the ‘Polski Gepard’ [Polish Cheetah] Award during the gala ceremony of the “200 Biggest Polish Companies” organized by the weekly.
Based on the ranking of the 200 biggest companies with Polish capital, Wprostweekly compiled a list of the fastest growing companies. The authors of the ranking checked how fast companies’ revenues grew, how much money they spent on investments and the efficiency of their operations. The list was topped by private companies with the top 50 comprising 42 private firms and only 8 state-owned companies. Proportionally to the number of companies in the main ranking, the group of leading companies included 26% private and 22% state companies. In such approach, the ratio is slightly more favourable for state-owned companies. However, the rate of growth is much higher in case of private companies. In general, they are much more efficient than huge state-owned molochs. Suffice it to say that there is only one state-controlled company in the top ten, namely Lasy Państwowe, a monopolist on the timber market.
The ranking procedure:
200 biggest Polish companies were analysed taking into account their revenue. Based on the financial parameters the top fifty companies were selected. The ranking took into consideration:
–sales revenue and its growth rate in nominal terms and as a percentage;
– a company’s value (for companies listed on the Warsaw Stock Exchange, it was the valuation as of 7 May 2014);
– return on equity (ROE);
– net return on sales (ROS);
– capital expenditure.
Every company received a specific number of points per each parameter with 100 points being the total.
