Last Tuesday, during the conference ‘Verslas 2019’ organised by ‘Verslo žinios’ the Sector Leaders 2018 were announced – 9 business companies with the best annual performance results. Daily magazine ‘Verslo žinios’ has announced top 10 of the strongest companies in each sector, including two companies of Achemos Grupė – Renerga and Agrochema.
The rating of ‘Sector Leaders 2018’ is based on the data of 2017. The companies operating in the same sector are compared with each other and are evaluated on the basis of 6 indicators: pre-tax profit, sales revenue, their annual change, profitability and the average wage.
The companies of the Group are considered to be leaders in two sectors. Renerga, which is engaged in the production of electricity from renewable energy sources, has become one of the best energy companies. According to Mindaugas Juodis, director of the company, success and recognition are determined by many factors, but the strategy is one of the main components. ‘Business strategy is the most direct way to a targeted system of enterprise activity. It allows us to properly distinguish the priority areas of our activity, and energy is one of our most important directions,’ says M. Juodis.
Darius Karpavičius, the managing director of Agrochema, which is one of the leaders of the wholesale sector, says that the success of the company has been greatly influenced by the control of internal processes and being close to their clients: ‘A few years ago, we began the re-evaluation of our internal processes, their optimisation, and efficiency enhancement. We are consistently strengthening our positions in all regions of the country, which allows us to be closer to our customers and to offer them not only goods and services, but also more efficient solutions. We continue to strive for long-term partnerships with our clients as they bring returns today and are a solid foundation for the future,’ says Karpavičius.
Not all Lithuanian companies participate in the rating of ‘Verslo žinios’, only those that meet several conditions: are included in the list drawn by ‘Verslo žinios’ with thousands of companies on the basis of sales revenue, the profit earned during the year, have more than 10 employees, and their average salary exceeds the average for the sector.