SteelProfil receives a Forbes Diamond 2024

SteelProfil among the Forbes Diamonds 2024

SteelProfil received a Forbes Diamond 2024, joining the group of rapidly growing companies recognised in Poland. The company’s announcement relates the distinction to growth in business value during 2018–2022 and describes an average annual increase of at least 15% as a qualifying criterion. It presents the award as recognition of consistent development, financial stability and a long-term business strategy. Below, the article explains the ranking, the valuation approach described in the announcement and what the recognition means to SteelProfil and its customers. The figures and assessment period refer to the 2024 distinction.

SteelProfil sees its inclusion as evidence that its growth is accompanied by stable management and financial credibility. For the company, the award recognises both its business model and its ability to build value over time.

What are the Forbes Diamonds?

Forbes Diamonds is a Polish business ranking recognising companies with strong growth in value. Compiled and published by Forbes, it is presented in the announcement as a measure of the condition of healthy, expanding businesses.

The distinction is described as analytical, based on financial and qualitative criteria rather than a paid award or a marketing application. This is why SteelProfil values it as independent recognition relevant to customers, financial institutions, investors and business partners.

How is the ranking compiled?

The announcement identifies Dun & Bradstreet Poland as the organisation analysing the business data. It describes an annual review of more than 20,000 companies operating in Poland, considering:

• Payment reliability ratings.
• The risk of doing business with a company.
• Financial liquidity.
• Timely settlement of liabilities.
• The amount and structure of equity.
• Growth in the company’s value.

It explains that companies with unstable finances, falling valuations or a lack of continuous growth over the preceding three years are excluded early in the assessment.

The valuation method

The announcement describes the Swiss valuation method, combining asset-based and income-based approaches through a weighted average of:

• The company’s asset value, taking liquidation value into account.
• Its earnings value, calculated from average financial results for 2018–2022.

Each approach has limitations when used alone. An asset valuation does not fully reflect a team’s abilities, know-how or organisational skills, while an earnings-only valuation may be affected by economic cycles and seasonality. Combining the approaches is intended to provide a more balanced view of a business’s value.

Criteria described for a Forbes Diamond

The company announcement lists the following requirements:

• Average annual growth in company value of at least 15%.
• Positive and stable financial results.
• A positive business reliability rating.
• Timely payment of liabilities.
• Sound equity.
• Continuity of growth in value in the preceding years.

The emphasis is on stable, repeatable results and a business model that can withstand changing market conditions, rather than an isolated surge driven by a single project or an aggressive short-term strategy.

What the distinction means for customers and partners

SteelProfil regards inclusion in the ranking as a positive signal of business credibility. It associates the award with financial stability, lower business risk, predictable long-term relationships, transparency and responsible management.

The company highlights the financial data behind the distinction as a reason to value it, and sees the award as recognition that its development is supported by solid foundations.

SteelProfil in the Polish building-materials market

SteelProfil supplies sandwich panels, PIR insulation boards and low-cost steel sheets. In the company’s view, the Forbes Diamonds distinction reflects business performance, management quality and the ability to develop over the long term.

Piotr Engelbrecht, President of the Management Board of SteelProfil, describes inclusion in the ranking as evidence of an effective growth strategy, responsible financial management and consistent value creation. He regards the award as strengthening the trust of customers and partners and recognising the foundations for the company’s further development.