East Capital names three award-winning Eastern European companies
East Capital has selected three outstanding companies in Eastern Europe for its annual East Capital Awards.
The awards have been held since 2004 to reward the progress of outstanding companies in Eastern Europe. The three categories are Best Growth, Best IPO and Discovery of the Year.
The winners for 2012 were Mironovskiy Hleboprodukt (MHP), Sberbank and Linas Agro, based in Ukraine, Russia and Lithuania, respectively.
Peter Elam Håkansson, East Capital’s chairman, said: “The awards serve to highlight some of the most outstanding companies in Eastern Europe and also to inspire others.
“As a core feature of our investment strategy we conduct many company visits – nowadays over 1,200 each year – to seek out this talent, and maintain a wide network of contacts with companies and decision makers in the region. I want to extend my sincere congratulations to this year’s award winners on their impressive achievements.”
MHP is the largest poultry producer in Ukraine, one of the largest in Europe and one of the most efficient worldwide. It came top in the Best Growth category, having almost doubled its poultry production volumes, sunflower oil production and land bank between 2007 and 2011 and increased its grain production 3.5 times.
This year’s figures have also been impressive, and as a result the firm has been one of the best performing Ukrainian stocks year to date, with a return of 42.4% against the market decline of 34.4%.
Sberbank is the largest bank in Russia with a nearly 30% market share by assets. It won the Best IPO award, after successfully selling 7.6% of the business for $5.4bn in September.
The placement was slated the largest domestically and in emerging markets, and the 10th largest globally. It was fully subscribed in less than one day and was oversubscribed three times, attracting bids from more than 300 institutional investors.
Linas Agro, which was awarded Discovery of the Year, is a leading Lithuania-based integrated agro trader, producer and investor in the Baltic States. The firm has remained profitable despite turbulent conditions in the agro sector, increasing its sales at a compound annual growth rate of 15% to €388m over the last five years.
The prizes will be handed out at the annual gala awards ceremony in Stockholm on November 9, which coincides with the 15th anniversary of East Capital’s founding in 1997.