The FT 1000: Europe’s Fastest Growing Companies is a list of the Top 1000 companies in Europe that have achieved the highest percentage growth in revenues between 2013 and 2016.
The project was advertised online and in print, allowing all eligible companies to register via the websites created by Statista and the Financial Times. In addition, through research in company databases and other public sources Statista has identified tens of thousands of companies in Europe as potential candidates for the FT 1000 ranking. These companies were invited to participate in the competition by post, email and telephone. The application phase ran from 1st November 2017 to 31th January 2018. The submitted revenue figures had to be certified by the CFO, CEO or a member of the Executive Committee of the company.
Criteria for inclusion
To be included in the list of fast-growing companies in Europe, a company had to meet the following criteria:
- Revenue of at least €100,000 generated in 2013
- Revenue of at least €1.5m generated in 2016 The company is independent (the company is not a subsidiary or branch office of any kind).
- The company is headquartered in one of 31 European countries2.
- The revenue growth between 2013 and 2016 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 2016
1 Non-euro countries: currency value equivalent as of 31/12/16 and 31/12/2016
2 Eligible to participate were all companies from these countries: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom..
Calculation of growth rates
The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency. For better comparability in the ranking the revenue figures were converted into euros. The average exchange rate for the financial year indicated by the company was used for this purpose.
The compound annual growth rate (CAGR) was calculated as follows:
((revenue2016 / revenue2013 )^(1/3)) - 1 = compound annual growth rate
The absolute growth between 2013 and 2016 was calculated as follows:
(revenue2016 / revenue2013 ) - 1 = growth rate
Evaluation and quality assurance
All data reported by the companies was processed and checked by Statista. Missing data entries (employee numbers, address data, etc.) were researched in detail. Companies that did not fulfill the criteria for inclusion in the ranking were deleted. The minimum average growth rate required to be included in the ranking this year was 34.6%.
The ranking of the FT 1000 was created through a complex procedure. Although the search was very extensive, the ranking does not claim to be complete, as some companies did not want to make their figures public or did not participate for other reasons.
How do I register for 2019?