Recently FT published the list of Europe’s fastest-growing companies. What is interesting about this list is that it includes not only companies that have been on the market since a long while and developed their path to grow, but also recently founded companies.
Below you can see my brief analytics on revenue from the latest report on Europe’s fastest-growing companies in technology sector.
On the graph companies in tech age<10y, data: FT1000
As you can see from the graph, UK, France, Germany and Spain managed to create ecosystems to support young technology companies for growth and revenue generation.
At the same time, technology business is not the major revenue-generating source and remains at about 10% of total revenues across young companies, including #startups
(1.29 out of 13.3 Billion €).
The aggregate numbers shown strong lead of Germany and UK to create favorable conditions for young company growth.
Calculation of growth rates: as on FT
The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency.
Criteria for inclusion: FT + Custom market criteria
To be included in the list of Europe’s fastest growing companies, a company had to meet the following criteria:
FT defined criteria
- Revenue of at least €100,000 generated in 2012 (or currency value equivalent as of December 31, 2012)
- Revenue of at least €1.5 million generated in 2015 (or currency value equivalent as of December 31, 2015)
- The company is independent (the company is not a subsidiary or branch office of any kind).
- The company is headquartered in one of the 31 European countries listed below
- The revenue growth between 2012 and 2015 was primarily organic (i.e. “internally” stimulated)
- If a company is listed on a stock exchange, its share price has not fallen 25% or more since 2015
Custom market criteria
- Age < 10 years since official incorporation
- Sector filter: Technology