Eurotux receives PME Excelência 2020 Award
Eurotux was awarded with the PME Excelência award, granted by IAPMEI and Turismo de Portugal.
This distinction does not imply any type of application. The companies are selected directly by IAPMEI and Turismo de Portugal from the PME Líder universe until October 15th last year.
To be eligible for the PME Excelência award, companies must meet a series of demanding financial criteria cumulatively. A financial autonomy of equity of 37.5% or more, a net return on equity of 12.5% or more, EBITDA of 10% or more and a rating of 5 or less are just some of the tight assessment criteria.
António Coutinho, Eurotux’s CEO, explains that “the distinction that IAPMEI and Turismo de Portugal award to Eurotux underline not only the company’s financial health, but also testifies the crucial financial discipline that has allowed the group to have constant and stable growth in recent years. In 2020, and even with a particularly challenging scenario, the group presented a growth of 15 per, excluding non-repeatable revenues”. The same manager also assures that “this award would not be possible without the unconditional involvement of all our professionals, who present a common front and share the company’s objectives as their personal goals. Our teams are our greatest asset”.