Sihl named one of Germany’s most innovative companies

For the study, Munich Strategy evaluated 4,000 German companies with a turnover of between EUR 10 million and EUR 1 billion. Finally, it selected the TOP 100 Innovation Champions 2022 from 400 finalists that distinguished themselves as industry leaders and through innovations.

The basis for the final selection was an innovation score, which is calculated as two-thirds innovativeness and one-third company performance. To determine innovativeness, Munich Strategy examined the extent to which companies are characterized by continuous innovations, whether they are considered innovative by the market and competitors, and whether they invest in innovations on a sustained basis. Performance is calculated based on sales growth, earnings ratio and EBIT growth over recent years.

‘When it comes to innovation, one thing that all 100 champions have in common is their ability to deliver solutions for multiple needs and challenges that we are facing at this time. The cornerstone for lasting success is cemented by their comprehensive understanding of innovation and alignment of their business model in accordance with this,’ said Barbara Siegert, innovation expert and author of the study.

‘Innovation is part of our DNA, it’s something that we live and breathe every day, and being recognized as one of Germany’s most innovative medium-sized companies is a major accolade for us,’ commented Peter K. Wahsner, CEO of Sihl Group.