The technology sector is the fastest growing in Europe. Of the 1,000 companies that have evolved the fastest in recent years, 149 belong to this sector. And that’s because the ranking, prepared by the Financial Times, excludes fintech and e-commerce companies from this category.
The newspaper has prepared, for the third consecutive year, the ranking ‘1000 Europe’s Fastest Growing Companies’, in which 97 Spanish companies are included. Germany is the country with the largest representation in the list, 230, while London is the city with the largest number of them, a total of 63.
The list is headed by the English company Blue Motor Finance, which has displaced the well-known Deliveroo from number 1. We are talking about growth of more than 50,000% in the case of the former and 15,000% in the case of the latter, but very significant in all companies. The top 120 in the ranking exceeded growth of 1,000%.
And what is the first Spanish company in this ranking? It is the Barcelona-based ITravex, which ranks eighth in Europe. This tour booking operator has recorded a 5,741% increase in turnover, reaching 43.7 million euros. It is the first in its sector – Travel & Leisure – at European level.
The study analyzes the growth recorded by European companies between 2014 and 2017. To be included in the index, which includes those companies based in Europe and with an independent character (subsidiaries excluded), it is necessary to have a minimum turnover level of 100,000 euros in the year the analysis begins, i.e. 2014, and 1.5 million euros after three years, i.e. 2017. It must also record organic growth and the share price was not to fall by more than 50% in 2017 if listed.
The second Spanish company on the list belongs to the technology sector and is called Anteco Systems. Dedicated to providing IT support, the turnover of this Malaga-based company has increased by 2,575% to five million euros. It is followed by the Catalan Adsmurai, which manages advertising campaigns on social networks. With a turnover of almost 25 million euros, it ranks 36th in the ranking.
Nexia Infraestructuras e Innova Profesional Desarrollos are two companies in the construction sector, ranked 46th and 47th on the list, with growth of more than 1,700%. ID Finance, on the other hand, is dedicated to the fintech, while Tetra Consulting & Engineering operates in the area of consulting.
Completing the ranking are Cuadros Eléctricos JM from Toledo; Icon Outsorcing from Madrid, specializing in the pharma sector; and Home Design Virtual Shops from Alicante, which sells furniture online.