2006 Gazelle Award for Fastest-Growing Company Goes to Dat-Con

2006 Gazelle Award for Fastest-Growing Company Goes to Dat-Con

Dat-Con, a developer and maker of measurement regulation equipment and specialised electronics, is the winner of the 2006 Golden Gazelle award for the fastest growing company in Slovenia. The Polzela-based (eastern) company was conferred the award on Friday evening in Ljubljana's Cankarjev dom by newspaper publisher Dnevnik.

Dat-Con, employing 10 people, exports around 35% of its products, the majority to the European market and to the markets of the former Yugoslavia, where it operates two subsidiaries. Last year Dat-Con generated SIT 1.2bn (EUR 5m) in sales revenues, which is almost nine-times the figure it turned over five years ago, the Gazelle board said. With its electronics products serving the needs of the military and the police, it regularly takes part and also wins prizes in EU competitions. Its equipment was also used for security purposes at the Athens Olympics in 2004. Meanwhile, this year's Silver Gazelle went to Elvez, a company from the Osrednjeslovensko region (central), which specialises in the manufacture of cable harnesses, cabling sets and accessories and in injection moulding of technical products made from plastic. Fluid, a maker of small storage tanks, pipelines, loading equipment and tankers for the distribution of liquid fuels and chemicals, won the Bronze Gazelle. An analysis of Slovenia's 100 fastest growing companies showed Osrednjeslovensko to be the front-runner in terms of growth. Companies from the region recorded more than a ten-fold rise in net revenues in the past five years. The Dravsko-Pomursko region (NE) follows with half the success, the Gazelle board added. In terms export-related growth, the best performance came from companies in the Dolenjsko-Posavsko region (SE) with a 3.7-fold increase in exports recorded in the past five years. Meanwhile, companies from Osrednjeslovensko were also ahead profit-wise with average profits of SIT 187m (EUR 780,000), according to the Gazelle board. A survey of past Slovenian Gazelle award winners showed that between 2000 and 2005 "the average Slovenian Gazelle" increased its export by 3.2-times. In 2005 it sold SIT 1.9bn (EUR 7.9m) worth of products or services and employed 41 people. It posted SIT 111m (EUR 460,000) in pre-tax profit and 36% return on equity. The 500 fastest growing Slovenian companies meanwhile sold SIT 971bn (EUR 4bn) worth of products and services in 2005 and created 11,081 new jobs in the past five years.