A year ago, BioGTS was leading the list of one hundred strongest Finnish growing companies compiled by Kauppalehti. The company’s growth rate has not slowed down since, because, according to Kauppalehti, this year BioGTS is still present on the list on the position 22, and the company is the only representative of biogas plant providers. In 2016, BioGTS Ltd’s turnover was around 11 million euros, which is about twice as much compared to the previous year.
In the beginning of the three year’s review period, the total turnover of one hundred strongest growing companies equalled to 122.9 million euros. In three years time, the total turnover has increased nearly to 1.5 million euros, which is almost a tenfold growth. As the economy improved, Finnish growth-companies have progressed more than before. This is seen from the high-level list compiled by Kauppalehti, which main entry criterion for companies was the presence of nearly 80 percent annual growth. This year, from one hundred strongest growing companies almost every fifth was present on the list last year as well, including BioGTS Ltd (Kauppalehti 1.6.2017).
Kauppalehti’s list is based on the financial statements and editorial inquiries. Among the list’s entry criteria were the fact that a company has operated at least four years, the latest fiscal year has ended in June 2016 or later, last fiscal year’s turnover exceeds 1.7 million euros and has grown from the previous year, and the fact that last fiscal year’s turnover has increased at least twice compared to the financial statements three years ago. The annualized growth of companies included on the list was calculated based on their growth during three years’ time.