For the past 14 years, Gazelė has given awards to small and medium-sized companies for their rapid growth in business. Many nominees have won this award multiple times in the past, however, every new presence in this list confirms that the company is on the right track and has already gathered competitive advantages.
Among the top growing businesses, ADEO WEB is the 187th with the growth of 248% in the last 2 years.
Upon strict assessment and additional criteria added recently, more than one-third of the companies were rejected. The final list includes 3935 Lithuanian companies from 10 districts.
Through all the years, thousands of companies that have received Gazelė certificate claim that it is not only a prestigious certificate but also a beneficial factor in the company’s identity since it is a proof of reliable business in the local market.
To answer the question of why Gazelė certificate may be valuable, companies should know that it is not only its’ annual turnover that is taken into account, in fact, there are many other criteria that as important. One of the key changes in selecting the fastest growing nominees for this year was a shorter time period, during which revenue growth was measured.
Previously, the time period was compared over the course of 4 years, and since 2017 it was shortened to 3 years. This solution allows to assess the company’s growth more realistically. Another key change was a clearer definition of what a small and medium-sized enterprise is. Today it is considered to be a company with an annual turnover of 100,000 Eur to 3 mln. Eur.
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