European Commission have awarded Izertis with ‘Company of the Year’ in the European Small and Mid-Cap Awards
This Monday, Izertis has been appointed ‘Company of the Year’ (Star of 2020) at the European Small and Mid-Cap Awards gala, in which each year the European Commission acknowledges companies with the best performance and stability from 36 expanding quotation markets in Europe.
The award ceremony was programmed to coincide with the European Commission’s SME week (Small and Medium Enterprise), and took place online given the exceptional circumstances caused by current coronavirus restrictions. During the event, the jury highlighted the “growth” of the company after entering the Spanish stock market, as well as its “exceptional performance in its sector and its wide range of services, with a clear potential for growth”.
Each year, the Small and Mid-Cap Awards recognise listed companies that have demonstrated outstanding growth, reinvested profits, and a sustained rise in share prices. The nomination for Izertis comes following its 240 percent growth in the stock market since it entered the BME Growth (former MaB), its 12 percent increase in turnover, and EBITDA during the first half of 2020, as well as the acquisition of six companies since the start of the year.
The organisation's general secretary, Florence Bindelle, has highlighted that “supporting small and medium enterprises and funding shares are fundamental actions in driving forward the European economy. This takes on even more importance given the current crisis triggered by Covid-19. Izertis displayed outstanding performance in the field of corporate citizenship. To a great extent, the company benefitted from growth after its IPO (Initial Public Offering) and, therefore, it has strong potential for growth over the coming years”.
“Supporting SMEs to access funding through public markets is fundamental, and it is gratifying to see companies like Izertis stand out and grow after being listed in the BME (Spanish Stock Exchange). These awards are a great showcase for these companies and turn the spotlight on their success. Companies such as Izertis form part of the backbone of the European economy, and they are vitally important for supporting growth”, affirms Rainer Riess, CEO of FESE.
About the awards
The aim of these awards is to “promote best practices and to highlight medium European companies that have gained access to capital markets through an Initial Public Offering (IPO)”.
The purpose of these acknowledgements is to shed light on the diversity of European markets, with the aim of promoting the value lists, particularly targeting companies in the growth stage, which in the words of the jury, are “fundamental towards achieving the EU’s objectives of creating employment, competitiveness and growth”.
The mid-cap European awards defend the benefits of funding and encourage smaller companies to consider this funding option. The securities market plays a key role in generating employment and development, and in the general competitiveness of a company.
The awards are organised by the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), the EuropeanIssuers (pan-European organisation that represents the interests of companies listed on the stock market across Europe before the EU institutions), and the Federation of European Securities Exchanges (FESE), which includes 36 types of stock exchanges, bonds, financial derivatives and raw materials, through 18 members from 30 different countries.