Medis was amongst only 682 companies in Iceland to be certified by Creditinfo as The Strongest in Iceland. Creditinfo is a leading service provider for credit information and risk management solutions worldwide. Medis is listed in the category of large companies as the size categories are based on revenues and not on employee numbers.
Creditinfo completed a detailed analysis of Icelandic companies which have achieved top marks in its strength and stability assessments. Of the 35,842 companies registered in the Icelandic Company Directory, only 682 pass the conditions set by Creditinfo in order to receive the award of being one of ‘Iceland’s Strongest Companies’.
Medis also received the Gold Certification from Creditinfo, as we have been on this list for five years running. There are only a little over 100 companies out of almost 36.000 that have received the Gold Certification.
Certification such as this is widely recognized in countries around the world but in larger economies the conditions for the awards are not as strict as those in Iceland.
Creditinfo believes that in smaller economies, it is more important to assess a company’s strength through the stability of their operation performance over time, as opposed to only one fiscal year. This long-term assessment prevents the inclusion of companies that cannot withstand market fluctuations, such as was the case in the 2008 economic collapse.
Medis would like to congratulate all its employees around the world, as the numbers include all of our business worldwide.