In recognition of outstanding merits for the Austrian export economy, the Austrian Chamber of Commerce (WKO) grants the award “Hidden Champion” to companies that significantly drive the Austrian export economy. LOYTEC ranks among the leading Austrian companies and was therefore awarded as “Hidden Champion 3.0”. On June 24, 2014, managing director of LOYTEC Dietmar Loy received the award from Christoph Leitl, president of WKO, in the course of the Austrian Export Day 2014 in Vienna. The recipe for success of Hidden Champions is explained by Georg Jungwirth from the University of Applied Sciences of Economy:” Superior product quality, surpassing expenditures for research and development, a clear focus, well-trained employees with little fluctuation, customer orientation, early internationalization, and eventually, charismatic leaders with clearly defined goals”.
