News

2020.04.23

Viciunai ir Partneriai among TOP 3 most reliable companies in Lithuania

Viciunai ir Partneriai among TOP 3 most reliable companies in Lithuania

Our salmon-processing company Viciunai ir Partneriai was recognised by the business risk management group Coface as one of TOP 3 most reliable companies in Lithuania. Viciunai ir Partneriai received the highest score of 10 points, thus standing out of 20,000 other companies of the country.

In the current context, a recognition for professionalism in handling business risk and reliability in collaborating with partners becomes even more important – it reaffirms that Viciunai Group’s companies are capable of overcoming the plentiful challenges we are facing today.

During the past three years, the business results of the winning companies have consistently improved. The finalists have dealt with business risks in a very professional way, ensured high solvency indicators, and made timely payments to their partners. The final decision regarding the winners was based on the business results of 2018-2019 and their positive changes, as well as the internal rating given by Coface and the risk that Coface was willing to assume with regard to these companies.

“We evaluated such indicators as accountability, short-term and long-term liabilities, available inventory, assets, and equity. All of the awarded companies had the highest creditworthiness rating of 10 points. This means that business partnership with these firms is stable and reliable,” Face Baltics’ CEO Mantvydas Štareika has said.

We are proud of such an achievement by Viciunai ir Partneriai, which has been a result of years of daily effort by all of our colleagues.