Leading publication, Dagens Industri, Part of Nordic media powerhouse Bonnier Paper Group started awarding the fastest growing companies in Sweden “The Gazelle companies” in 2000.
In a climate of economic turmoil, Midfield Media made the list in 2010 meeting the award’s standards for continuous growth, sound finances, and profitability.
Criteria for 2010 Gazelle companies is consistently outperforming in sales and profitability. 2010 was a tough year to make the list and numbers of Gazelle companies were halved compared to the previous year.
Dagens Industri reports: “With economic turmoil and a major dip in GDP, this year was an acid test of Gazelle companies, to outperform through extremely tough times.
Historically the Gazelles get through economic dips in the world market better than other companies; they find new business ideas, new markets and new customers.”
The term “Gazelles” was invented by US scholar David Birch of Cognetics, who differentiated fast-growing companies (Gazelles) the creators of most new jobs in the economy from the “Elephants” – large companies that consistently strive for rationalizations and reduction of headcount. He considered the Gazelles the most dynamic intermediate layer of the economy.
“To be named a Gazelle company is indeed an honor,” says Magnus Lund , Managing Director of Midfield Media, -“ We’re privileged to grow and be profitable in times of hardship. This is truly an effect of a very dedicated and hardworking team of extraordinary talent. Going forward never felt easier.”
According to a survey by the Stockholm School of Economics less than 1 percent of joint-stock companies in Sweden meet the criteria of a Gazelle.
About Midfield Media:
Midfield Media is a leading provider of events and executive forums for the Manufacturing, IT, Financial and Telecommunications markets.
Midfield Media has built up a reputation of reliability and success in delivering outstanding and high-impact events for business executives. Midfield Media provide the key insights into the opportunities and challenges facing businesses today with the latest on future trends and market developments. Our mission is to help organizations and industry stakeholders to achieve objectives and outperform by providing excellent platforms for knowledge , experience, relationship building and business opportunities.
Midfield Media is active in all markets in the Greater Baltic Region and Northern Europe.
Media contact:
Lisa Bergström, Marketing Director
lisa.bergstrom@midfieldmedia.com
+46 8 676 01 40
