Merko Ehitus is once more the most competitive construction company in Estonia
AS Merko Ehitus has won the competition for the most competitive companies in Estonia in the category of construction companies for the fourteenth time. This year, a total of 1,418 Estonian companies participated in the competition, which has been organised by the Estonian Chamber of Commerce and Industry since 2003.
“Winners of the competitiveness ranking are serious and successful Estonian companies, their financial management is kept in good order and employees are paid motivating salaries. Behind the good results are years of dedicated work and they know how to appreciate their customers and cooperation partners. Furthermore, they are able to respond quickly to the changes on the market and they are innovative,” said Marje Josing, Director of the Estonian Institute of Economic Research and added: “One flash of success is not enough to win in the Competitiveness Ranking, a company needs to be diversely strong and such result is achieved with continuous and constant good work.”
The aim of the Estonian Companies’ Competitiveness Ranking is to facilitate the improvement of competitiveness of Estonian companies and thereby promote faster development of Estonian economy. The ranking highlights the most successful companies and offers a great opportunity for successful companies to introduce themselves to the public and thereby secure their competitive position even further. The Estonian Companies’ Competitiveness Ranking dates back to the year 2003.
The Estonian Institute of Economic Research (EKI) helps with the technical calculations and drawing up of the rankings. The institute cooperates with the Lausanne International Institute for Management Development. The Competitiveness Ranking highlights companies who wish to participate, meet the requirements set out in the methodology and present the necessary statistical data on last two years’ economic activities: sales revenue, net profit, labour costs, equity capital and yearly average number of employees.
Furthermore, based on the data submitted by the companies, EKI calculates various important indicators: changes in sales revenue as compared to the previous year, changes in profit as compared to the previous year, return on equity, monthly average labour cost per one employee during the reporting year, annual productivity per one employee, created additional value (in this methodology: profit+labour cost).
The Competitiveness Ranking is a part of the biggest Estonian entrepreneurship competition organised together by three organisations: Estonian Chamber of Commerce and Industry, Enterprise Estonia (EAS) and Estonian Employers’ Confederation. Winners of the Competitiveness Ranking in the categories of micro, small and medium-sized companies will be revealed on 8 October.
More information: www.koda.ee/et/konkurentsivoimeedetabel