Technia among the five percent most solid companies in Finland

January 27, 2012

Technia PLM Oy has been granted achiever status by Balance Consulting, the analysis unit of Kauppalehti – a major commerce-oriented newspaper in Finland, for its financial performance. Companies receiving Achiever certification are stable businesses with solid growth, good financial results and profitability, a strong financial structure and liquidity to ensure continued operation.

Balance Consulting, the research and analysis unit of Kauppalehti newspaper undertakes an annual analysis of companies’ performance on the basis of their financial statement data. The companies’ financial performance is rated according to six key indicators. 

A comparison of these key indicators has put this Technia PLM Oy in the top tier of its own industry and the entire country. The comparison was made on the basis of financial statement data from December 2010. 

There are some 320,000 companies in Finland, but only five percent of these number meet Kauppalehti’s criteria for Achiever classification. 

The Achiever certificate is a proof of a company being on a solid financial foundation. Companies like this are reliable and desirable partners as well as good employers. A company’s strong financial position shows that partnerships can be built on a solid foundation and can withstand economic fluctuations. The Achiever certificate also shows that the management and organization of the company are working efficiently, and that the company has the required business acumen. 

The bankruptcy risk of Achiever companies is extremely low. Between 2007 and 2009 only one in a thousand companies classified as Achievers went bankrupt. Compare that to the approximately 80 percent of companies going bankrupt which had received the weakest D or C rating a couple of years prior to going bankrupt.

“Having the Achiever status is an excellent recognition and a result of hard work of Technia team. Long term commitment towards our customers is a key in the future as well,” says Jonas Gejer, CEO and President of Technia.

Jonas Gejer

CEO TechniaTranscat, President Addnode PLM Group Division

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