Novaled is Germany’s fastest growing mid size company

10-30-2008: With an average revenue growth of more than 400% in the last five years, Novaled AG, a leader in power efficient and long life Organic Light Emitting Diodes (OLEDs) is leading a list of the top100 fastest growing German mid size companies.

Handelsblatt and Wirtschaftswoche, primary economical news magazines, reported on future world champions amongst small and mid size German companies. The magazines refer to a ranking based on a multi-year research program on the emergence and lasting success of German midsized world market leaders.

Amongst more than 1300 Micro World Champions registered in this database the most successful companies have been filtered through certain criteria. The top 100 mid size firms must have a minimum yearly growth of 10%, a yearly turn over of less than 50 Million Euro and the company must belong to the world wide leading three in its industry or business activity field. Novaled came out at the first ranking with the highest growth of revenues.

“Novaled is proud to see this ranking which is rewarding its outstanding performance: growing in four years from a three person company into a world leader offering energy saving to the lighting and display industries”, says Harry Böhme, CFO of Novaled. “As a cleantech provider we are confident of playing an important role in the coming years in bringing a new generation of power efficient lighting and display products to the market. Novaled is addressing multi-billion Euro businesses and will demonstrate continued strong growth in the coming years.”