The newspaper Financial Times has published, in collaboration with Statista, the second edition of the ranking FT 1000 – Europe's Fastest Growing Companies 2018, which analyzes which European companies have most increased their revenues between 2013 and 2016.
The company that experienced the greatest growth in Europe, with a spectacular 107,117% increase in its revenues between 2013 and 2016, was the British food delivery company Deliveroo, which earned 157.4 million euros in 2016.
The second place in the ranking corresponds to the German company specialized in heating Thermondo, which had sales of 20.2 million euros in 2016 after growing 10,878% since 2013.
Spanish companies occupy a prominent place among the top of this ranking. Thus, three of the top five are Spanish: the agency Traventia Viajes (third), the construction company Alainsa (fourth) and the online hotel booking service iTravex (fifth).
Traventia had revenues of 10.29 million euros in 2016 after growing 9,377% since 2013. Alainsa earned 10.28 million euros with a growth of 9,114% in the period 2013-2016. In the case of iTravex, its revenues were 22.67 million in 2016 thanks to an 8,398% increase since 2013.
Two other Spanish companies appear among the top 20. These are the advertising technology platform Marfeel Solutions, in 16th place, and the company specialized in fuel supply Petropix Energía, in 17th. Marfeel earned 4.6 million in 2016 after growing 4,218% since 2013, while Petropix Energía had revenues of 72.7 million, with an increase of 4,033% since 2013.
Statista has published the following graphic showing the 20 European companies that grew the most between 2013 and 2016:
More infographics at Statista
The complete list of the 1,000 companies from 31 European countries included in the study is available on the Financial Times website.
The most represented sector in this list is technology, with 155 companies in total. By cities, London tops the list: 74 of the 1,000 companies analyzed are based in the British capital, ahead of Paris (France), with 62, and Milan (Italy), with 25.
The company that experienced the largest increase in the number of employees between 2013 and 2016 was the British technology company Endava, which added more than 2,000 new jobs.
To be included in this list, companies had to have at least 100,000 euros in revenue in 2013 and at least 1.5 million euros in 2016. In addition, only independent companies (not subsidiaries of a group) with headquarters in a European country are analyzed.