Mediobanca prize for most dynamic medium-size companies: awards made
At a meeting held today, the technical committee responsible for awarding the Mediobanca 2008 prizes, which is made up of independent members, decided to award the prize for the junior category (50-499 staff and turnover of €50-290m) to Landi Renzo and for the senior category (more than 499 staff) to Carel. The awards were made on the basis of reviews of the results and profiles of the companies compiled by the Research Department of Mediobanca, which carried out indepth analysis, in conjunction with the companies themselves, of their respective organizational structures, governance, market positions and competitive advantages. Following the first stage of selection a total of 27 companies were identified (two of which were last years’ successful candidates), and 13 were then admitted to the two short lists (four for the junior class and nine for the senior class) and reviewed by the technical committee.
Landi Renzo has its registered office at Cavriago in the province of Reggio Emilia. It produces components and systems for vehicles powered by LPG and methane gas; it generated turnover of €139m in 2006, up 196.5% versus 2003, with 343 employees. Further growth was achieved in 2007. Carel has its registered office at Brugine in the province of Padua. It operates in the refrigeration, air conditioning and humidification sector, and generated turnover of €95m in 2006, up 47.2% vs 2003, with just under 700 staff on the books. Further growth was recorded in 2007. The prizes will shortly be awarded by the Chairman of the Management Board and Chief Executive Officer of Mediobanca at a conference during which the senior management of the two companies will present their respective business histories.