SwimEye has achieved a “Triple-A” credit rating for the 2017 financial year, following a recent using the Dun & Bradstreet assessment tool. This is the best credit rating an organization can achieve, and SwimEye has achieved this rating in three of the past four years.
“A strong economic position sends a clear message to the industry and to our customers,” says Tor Petter Johansen – SwimEye, Chief Executive Officer. “SwimEye is robust and capable of delivering high-quality projects, of any size and in any international location.”
The Dun & Bradstreet’s (D&B) report shows that SwimEye is a prudent manager of their financial resources. D&B’s rating audit tool has become the independent benchmark credit-assessment tools in the Norwegian credit market. For this reason, SwimEye is very pleased to achieve the AAA rating.
SwimEye operates with confidence
“The Triple-A rating also demonstrates how we think and operate”, continues Tor. “We always plan our expenditure. This is to ensure that cash-flow is available and accounts are paid on time. We aim to be very honest, transparent and reliable; which relates to our corporate values.”
“Financial strength also allows us to achieve greater flexibility as a company. We are able to maintain consistent investment in innovation and product development, whilst continuing our strategic growth into new international markets,” says Tor.
A strong outlook
Tor is optimistic about the future of SwimEye and believes the strong financial situation will continue to fuel their global aspirations. “Following the initial start-up phase, it took a few years to stabilize the economic situation of the company. However, now, we are building a track record of economic strength and stability,” he says.
“When you combine strong economic foundations, with a competitive product portfolio and excellent sales figures, you can see that we are in a strong position to continue our growth phase,” concludes Tor.
For SwimEye, growth
If you would like to know more about SwimEye’s financial situation or for a copy of the D&B report, contact SwimEye today.
Excerpts from the 2017 SwimEye business report – produced by Dun & Bradstreet.