Friday, 1 July 2022

Decospan Mato Furnir Rated Most Successful Croatian Company in 2021

ZAGREB, 1 July 2022 - Wood veneer manufacturer Deospan Mato Furnir is the recipient of the Financial Agency's (Fina) Golden Balance Award as the most successful Croatian company overall based on financial ratings for 2021.

At a ceremony on Thursday evening, Fina presented 19 awards in total: 11 Golden Balance awards to the best companies in individual sectors, two honours for excellence in business continuity and six Golden Balance awards in special categories.

Fina analyzed 144,259 businesses and selected 3,978 of them for the award competition.

The Golden Balance Award is awarded based on rankings calculated from 11 financial indicators in five categories – profitability, liquidity, debt, business activities, and economic efficiency. The overall winner has the highest credit rating score based on recognized international standards, namely the Basel III Guidelines and International Financial Reporting Standard 9.

Decospan Mato Furnir, based in Oprisavci in eastern Slavonski Brod-Posavina County, was also rated as the best manufacturing company.

Addressing the ceremony, Prime Minister Andrej Plenković said that the government was now focusing on reforms and measures to ensure that every six months Croatia received a cheque from the EU, like the one it received two days ago, in the amount of €700 million. He added that they would pursue another 25 benchmarks so that this could happen in December as well.

Finance Minister Zdravko Marić said that Croatian companies had been facing challenges for several years, including the COVID-19 pandemic, the earthquakes, and now inflationary pressures, adding that increased energy prices put continued pressure on businesses.

For more, check out our business section.