Veritas receives Creditinfo's award of being one of Iceland's Strongest Companies

Creditinfo (Iceland’s leading local credit information provider) annually carries out a detailed analysis, highlighting Icelandic companies that have achieved top marks for their strength, stability and resilience in the marketplace. Only about 2% of Icelandic companies pass the conditions each year and receive the coveted award of being one of “Iceland’s Strongest Companies”. We are proud of having received the award since 2012 and strive at all times to operate with professionalism and reliability. Creditinfo has been granting this award the last 12 years.

Creditinfo’s conditions for the company strength analysis are:

• Categorised by Creditinfo in risk category 1, 2 or 3
• Positive EBIT for each of the past three years
• Positive operating profit for each of the past three years
• Equity ratio at least 20% for each of the past three years
• Has submitted financial statement to RSK (Icelandic Revenue and Customs) for the past three years
• Registered CEO at the company register
• Defined as an active company according to Creditinfo
• Operating income of at least ISK 50 million in the past three years
• Total assets at least ISK 100m in the past three years