Amid global challenges, including the COVID-19 pandemic and geopolitical conflicts, Kwantis has maintained its commitment to resilience and innovation. For the fourth consecutive year, the company has been recognized as one of the “Campioni della Crescita” (Champions of Growth) by the German Institute for Quality and Finance (ITQF). This recognition highlights 800 Italian businesses that have achieved notable growth in revenue and workforce between 2017 and 2023, despite challenging circumstances.
A Challenging Economic Landscape
The study, now in its seventh edition, covers the period from 2021 to 2023, which saw significant global challenges. The COVID-19 pandemic, rising inflation, the war in Ukraine, and other geopolitical tensions impacted economies worldwide. Despite this, 800 Italian companies managed to maintain steady growth, reinforcing their role as key players in the nation’s economy.
Christian Bieker, director of ITQF, noted that while businesses faced numerous challenges, the diversity of Italy’s economy allowed for varied responses. Companies across sectors such as manufacturing, technology, food, and tourism showed resilience, using innovation and flexibility to navigate difficult circumstances.
Kwantis Among Italy’s Leading Growth Performers
Kwantis’ recognition for the fourth consecutive year demonstrates its sustained performance and ability to navigate a complex environment. This achievement aligns with a broader pattern of resilience exhibited by Italian businesses, which have successfully created jobs and supported local economies despite significant global and domestic challenges.
Each award recognizes growth over the past three years, reflecting an impressive 26% compound annual growth rate (CAGR) in revenues for Kwantis since 2017. We extend our heartfelt thanks to our team and clients for their trust and collaboration, which have been instrumental in achieving this milestone.
Broader Highlights of the Study
To qualify for the list, companies needed a minimum annual growth rate of 10% over the three-year period, with some top performers far exceeding this benchmark. These results reflect the exceptional efforts of Italian businesses to innovate and remain competitive under difficult circumstances, showcasing their critical role in driving the nation’s economic resilience.