ITALY: Refrigeration controls and humidification company Carel has been named International Star at the annual European Small and Mid-Cap Awards.
The awards were created in 2013 by the European Commission to recognise the best small and medium-sized companies listed on Europe’s stock markets.
Divided into four categories (International Star, Rising Star, Star of Innovation and Star of 2019), the winning companies are chosen following a strict selection criterion that looks at results in terms of international sales, profits and growth in market share. The event is co-organised by EuropeanIssuers, representing the listed companies, and the Federation of European Securities Exchanges, representing the stock exchanges.
A high-level independent jury, moderated by the European Commission and comprising representatives from academia, asset management, brokerage and the media, evaluated the nominations and chose Carel as the International Star for 2019.
Describing the award as “an important recognition”, Carel Group CEO Francesco Nalini said: “In recent years, our Group has seen a series of major evolutions, with the pinnacle being our stock exchange listing.”
Carel Industries was recognised as the company with the best performance internationally, in part due to its expansion into new markets as well as in existing ones. Its solid international development strategy, combined with the ability to grasp opportunities outside of the borders of its home country, were listed as the main reasons why the award went to the Padova-based company.