Company

GEG recognized as SME Excellence 2016

31 May, 2017

GEG awarded the most prestigious prize for Portuguese SMEs – SME Excellence 2016 – in 2016.

It is with particular satisfaction that we witness the recognition of GEG’s strategic management success which is based on the internationalization process and focused on its mission, based on trust and sustainability, excellence and innovation.

The SME Excellence is annually awarded by the Portuguese Agency for Competitiveness and Innovation (IAPMEI) in partnership with the main banks operating in Portugal. – BIC, BPI, Banco Popular, Bankinter, Caixa Geral de Depósitos, Crédito Agrícola, Millennium BCP, Montepio, Novo Banco, Novo Banco dos Açores e Santander Totta – and Tourism of Portugal.

This prize positively differentiates the companies that have been able to maintain high competitive standards in a particularly demanding context, establishing themselves as important levers for the economy development by providing excellent economic-financial and management performance profiles.

GEG established itself as a trusted brand

The status of PME Excellence is a guarantee of the soundness and trustworthiness of the companies, which becomes a relevant factor of differentiation.

It is a great honor for GEG to receive the distinction of SME Excellence 2016. This distinction enhances the trust as one of the most important values between GEG relationship with its clients, suppliers, financial system and national authority.

Over the years, GEG guarantees the trust deposited by customers, suppliers, and employees

Since 2013 GEG has been receiving consecutively the distinction of SME Leader, the result of the quality of the economic performance and risk profile. This is the third year that GEG receives the SME Excellence and the seven with SME Leader distinction.

GEG would like to thank all those who have been contributing to achieving these excellent economic and financial results, deservedly recognized with this distinction.

Requirements for SME Excellence 2016

The selection of SMEs Excellence is established annually from the SME Leader group, which additionally meets the following requirements

  • Financial autonomy in 2015> = 37.5% (Equity / Assets);
  • Net Return on Shareholders’ Equity> = 12.5% (Net Profit / Equity);
  • Net Debt / EBITDA <= 2.5 (Net Debt / EBITDA);
  • EBITDA / Assets> = 10%;
  • EBITDA / Turnover> = 7.5%;
  • Turnover growth>= 0%.

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