Nabaltec AG among the 50 fastest-growing mid-sized companies in Bavaria

(PresseBox) ( Schwandorf, )
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- Awarded the Bavaria's Best 50 prize for economic stability and sustainability;
- Based in Bavaria and successful on the global market with eco-friendly flame retardants and products for technical ceramics.

Nabaltec AG was recognized for its economic stability and sustainability last week by the Bavarian Ministry of Economic Affairs and Media, Energy and Technology as part of the "Bavaria's Best 50" competition, signifying that the company numbers among the 50 fastest-growing mid-sized companies in all of Bavaria. The prize winners, who were chosen from a pool of 2,000 applicants, received their certificates last Wednesday in person from Economics Minister Ilse Aigner in an award ceremony held in the Emperor's Hall of the Munich Residence building. Gerhard Witzany, Member of the Board of Nabaltec AG, said: "This award is a great honor for us and confirms once again that we have made the right decisions in the past in order to place our company in a strong position for the future. It is due above all to our employees, whose daily work and commitment actually have made our company's success possible."

The Bavaria's Best 50 competition, which was held this year for the 14th time, recognizes owner-managed mid-sized Bavarian companies which have posted especially strong growth in recent years in terms of revenues and the number of employees. In addition, special prizes were once again awarded this year for an outstanding commitment to training. The auditing and consulting firm Baker Tilly Roelfs was responsible for conducting the competition, and acted as a juror as well.

"Bavaria's Best 50 were selected and recognized today based on their outstanding revenue and employee growth over the past five years," explained Prof. Dr. Edenhofer, one of the jurors and the Baker Tilly Roelfs partner responsible for Bavaria's Best 50: "But what's important is not just employee and revenue growth, but also the prospect for continued business success, that is stability and sustainability, and for this reason the selection process also paid attention to profitability, a good equity ratio and the forecast for the future."

"We have demonstrated in recent years that our strategy works and that it is, above all, sustainable. We plan to continue on this course in the coming years as well, and we will continue to distinguish ourselves from our competitors through quality, high delivery reliability, customized solutions and innovations. Our goal is not just to post stable revenue and earnings growth; rather, we are working diligently to further expand our market position," said Gerhard Witzany, summarizing Nabaltec AG's plan for the coming years.

More information about the "Bavaria's Best 50" competition and the names of all 50 prize winners can be found at www.bakertilly.de/bb50.
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