Euromoney announces today the results of its eighth annual ranking of Best-Managed Companies in Central and Eastern Europe, based on a survey of market analysts at leading banks and research institutes in the region.
The big winner this year is the Russian food retailer Magnit, taking the prize of overall best-managed company along with the most convincing and coherent strategy, and the highest standard of corporate governance. Novolipetsk Steel achieved second place overall.
Magnit is Russia’s second-largest and fastest-growing food retailer by revenue.
Published in the May 2012 issue of Euromoney magazine, the Best-Managed companies in Central and Eastern Europe survey is one of the most prominent recognitions given by Euromoney magazine to corporations in Central and Eastern Europe.
Respondents are asked to nominate the top three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential, and quality of management and earnings.
Companies’ results are expressed as a percentage of total points received in each category, together with the number of companies that received points in each category.
The full results of this ranking and methodology are available online from today, as well in the May edition of Euromoney magazine. This issue will also be distributed at the EBRD annual meeting in London, UK, on May 18 and 19, to reach a global audience.
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About Euromoney:
Euromoney magazine is the flagship title of London-based financial communications company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney Magazine is the voice of the international capital markets and for 42 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets. Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and New York Stock Exchanges.