Europe’s Fastest Growing Companies 2025 ranking

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The FT1000: Europe’s Fastest Growing Companies 2025 ranking highlights business growth stories across the continent during a challenging economic period.

Compiled with data research company Statista, the list ranks 1,000 companies by compound annual growth rate (CAGR) between 2020 and 2023.

The 2025 ranking is topped by Menlo Electric, a Polish supplier of photovoltaic panels and inverters, with a CAGR of 830.8 per cent. In second place is Allica, a UK-based banking platform serving small and medium enterprises, with a CAGR of 652 per cent. German mobile advertising and marketing platform Almedia is placed third, at 473.6 per cent. (Continues below ranking.)

Italy, Germany, France and the UK account for more than three quarters of the companies in the ranking.

The IT and software category contributes a fifth of the FT1000 companies, rising to half when combined with those in construction and engineering; energy and utilities; advertising and marketing; and fintech, financial services and insurance.

The full FT1000: Europe’s Fastest Growing Companies report publishes online and in print on March 27, exploring sectors, countries, trends and standout examples.

Methodology

The FT1000 list is a ranking of 1,000 companies by the highest percentage compound annual growth rate (CAGR) in revenues between 2020 and 2023.

The project was advertised online and in print, allowing eligible companies to register via the websites created by Statista and the Financial Times. Statista additionally identified tens of thousands of businesses as potential candidates through research in company databases and other public sources. These companies were invited to participate by post, email and telephone.

The application phase ran from September 1 to November 30, 2024. Submitted revenue figures were certified by companies’ chief financial officer, chief executive or a member of the executive committee.

The FT1000 ranking was created through a complex procedure. Although the research was extensive, the ranking does not claim to be complete, as some companies did not wish to make their figures public or did not participate for other reasons.

Criteria for inclusion

Companies had to meet the following criteria:

• Revenue of at least €100,000 generated in 2020;

• Revenue of at least €1.5mn generated in 2023;

• It must be an independent company (not a subsidiary or branch office of any kind);

• Revenue growth between 2020 and 2023 had to be primarily organic (ie “internally” stimulated);

• Companies with three or fewer employees or companies that are not legal entities were required to deliver further proof concerning revenue numbers.

• Companies headquartered in these countries were eligible to participate: Austria, Belgium, Bulgaria, Bosnia and Herzegovina, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.

Calculation of CAGR

The calculation of companies’ compound annual growth rate (CAGR) is based on revenue figures submitted in their respective national currencies. For comparability, revenue figures were converted into euros using the average exchange rate for the financial year indicated by the company.

Evaluation and quality assurance

All data reported by the companies was processed and checked by Statista. Any missing data entries (eg employee numbers, address etc) were researched in detail. Companies that did not fulfil the criteria for inclusion in the ranking were excluded. The minimum average growth rate required to be included in the ranking this year was 34.8 per cent.