MIPS : stands out as one of the fastest growing companies in DI's Gasell competition
December 12, 2017 at 03:44 am EST
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In the newspaper Dagens Industri´s Gaselltävling 2017, MIPS ranked as 5th in Stockholm County and as 8th in Sweden.
Every year, the newspaper publishes the fastest growing companies in Sweden's 21 counties to Gaseller. To be appointed to Gasell, the company must meet the following criteria. In addition to these, an overall assessment of the company is made where additional parameters are weighed in which shows a healthy business. A Gasell has:
A turnover exceeding SEK 10 million
At least ten employees
At least doubled its turnover by comparing the first and last fiscal year during the period
Increased turnover every year over the past three years
A combined operating profit for the four fiscal years that is positive
In essence; grown organically, not through acquisitions or mergers
Sound financing
About MIPS
MIPS is specialized in helmed-based security and protection of the brain and is the world leader in this field. Based on an ingredient brand model, MIPS Brain Protection System (BPS) is sold to the global helmet industry. The solution, which is patented in all relevant markets, is based on some 20 years of research and development together with the Royal Institute of Technology and Karolinska Institutet in Stockholm, Sweden.
MIPS headquarter with 25 employees engaged in research and development, sales and administration is in Stockholm, where its product and technology test facility is also located. Production and manufacturing operations take place at sub-contractor facilities. On a rolling 12-month basis, Oct 2016/ Sep 2017, MIPS net sales amounted to MSEK 116.5 resulting in an adjusted EBIT-margin of 23.1%. MIPS is traded on the Nasdaq Stockholm stock exchange. For more information, visit www.mipscorp.com.
MIPS Gasell 2017 PDF
MIPS AB published this content on 12 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 December 2017 08:43:05 UTC.
Original documenthttp://www.mipscorp.com/2017/12/12/mips-stands-out-as-one-of-the-fastest-growing-companies-in-dis-gasell-competition/?lang=en
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Mips AB is a Sweden-based company, which specializes in helmet safety and brain protection. The Company offers its MIPS Brain Protection System (BPS) that implies solutions protecting against rotational motion transferred to the brain from angled impacts to the head. BPS is designed to add protection in helmets due to the low friction layer, which enables a relative movement between the head and the helmet, mimicking the brainâs own protection system. The technology implements into bicycle, snow, motorcycle and equestrian helmets. More than 40 helmet brands use BPS, including Bell, Fox Head, Giro, Scott, Smith and Trek, among others. The Company determines only one segment as operations solely comprise sales of the component kit included in consumer products.
MIPS AB 
