1000 COMPANIES TO INSPIRE EUROPE

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2017

www.1000companies.com
LSEG

London Stock Exchange Group Editorial Board
Lauren Crawley-Moore (Head of Marketing Campaigns & Events); Alexandra Ritterman (Press Officer);
Contents
Carolina Avanzini (Elite Growth Europe Associate)

Research & data verification and company profile editorial Forewords
Business for Growth Ltd (organisers of the European Business Awards) 4 A strengthened Capital Markets Union 58 Backing Europe’s SMEs
www.businessawardseurope.com to focus on the EU’s underperforming  Michael Collins, CEO Invest Europe
IPO market 70 Dynamic SMEs need financing
Valdis Dombrovkis, Vice-President European Sirpa Pietikäinen MEP, European Parliament
Commission, Euro and Social Dialogue,
Financial Stability, Financial Services 82 Investing to meet the challenges ahead
Wardour
and CMU  Othmar Karas MEP, European Parliament
Led by Claire Oldfield (Managing Director) and Ben Barrett (Creative Director).
The team included: Matt Williams (Art Director); Rob Clark (Editor) and Wardour editorial; 5 Inside the report 94 The Elite route to success
Jennifer Flower and Charlotte Tapp (Project Directors); John Faulkner and Jack Morgan (Production).  Xavier Rolet, CEO,  Luca Peyrano, CEO, ELITE
London Stock Exchange Group 108 Capital market finance remains
Wardour, Drury House, 34–43 Russell Street, London, WC2B 5HA, United Kingdom
8 Estonia will be committed to neglected in Europe
+44 (0)20 7010 0999 www.wardour.co.uk
 Karel Lannoo, CEO, Centre for
helping SMEs
European Policy Studies
Toomas Tõniste, Finance Minister,
Estonia, EU Council Presidency 111 Integrate to innovate
Pictures: Getty Images, iStock  Jonás Fernández MEP, European Parliament
10 Improving access to capital markets
All other pictures used by permission  Roberto Gualtieri MEP, European Parliament
Cover illustration: Nils-Petter Ekwall 12 Access to finance is crucial Sectors
Printed by Graphius on FSC-certified material Markus Ferber MEP, European Parliament 24 Technology
 How video games, sound systems and
14 Delivering on our promise
workplaces are undergoing a revolution
Kay Swinburne MEP, European Parliament
36 Food and drink
15 Increasing the funding options
 Sustainability and environmental concerns
Ramon Tremosa MEP, European Parliament
are at the fore in today’s food markets
16 Funding for high-growth companies
44 Manufacturing and engineering
Simon Lewis, Chief Executive, Association
 Why Aerogen is a breath of fresh air
Company information powered by Bureau van Dijk, April 2017 for Financial Markets in Europe
60 Consumer services
20 Blockchain is the internet of its age
An official publication of London Stock Exchange Group  Getting the work-life balance right with
Marie Wieck, General Manager,
Ludvig Svensson, Allview, Bugaboo,
IBM BlockChain
Childrensalon, Tradeinn and Walltopia
21 A clear view of company data
72 Professional services
Mark Schwerzel, Deputy CEO
© London Stock Exchange Group 2017. All rights reserved  A sector with representatives from as far
of Bureau van Dijk
10 Paternoster Square, London, EC4M 7LS apart as Portugal, Malta, the UK and Poland
84 ELITE
Research findings  Showcasing highly successful SMEs
22 Inspiring Europe in numbers
By making this communication, none of London Stock Exchange Group plc and/or its group undertakings (which shall be construed in accordance with section 1161 of the Companies Act 2006) (“LSEG”), Wardour Communications 98 Green
Limited (“Wardour”), or the individual authors intend to invite or induce you to engage in any investment activity for the purposes of the UK regulatory regime (other than, where relevant, in respect of the London Stock Exchange An overview of our research findings
plc’s exempt activities of operating UK-regulated investment exchanges and providing clearing services in the UK). This publication does not constitute an offer to buy or sell, or a solicitation of an offer to sell, any securities, or
A new sector highlighting the growing
the solicitation of a proxy, by any person in any jurisdiction in which such an offer or solicitation is not authorised, or in which the person making such an offer or solicitation is not qualified to do so, or to any person to whom it demand for renewables and green products
is unlawful to make such an offer or solicitation.
Information in this publication may or may not have been prepared by the LSEG, Wardour, or the individual authors, but is made without any responsibility on their part. All information in this publication is provided ‘as is’ and none
Expert commentary
of LSEG, Wardour, nor the individual authors make any representations and disclaim to the extent permitted by law all express, implied and statutory warranties of any kind in relation to this publication, including warranties as to
accuracy, timeliness, completeness, performance or fitness for a particular purpose. No action should be taken or omitted to be taken in reliance upon information in this publication. None of the LSEG, Wardour or the individual
33 Investing in Europe’s future At a glance
authors accept any liability for the results of any action taken or omitted on the basis of the information in this communication. The information in this publication is not offered as advice on any particular matter and must not
Wim Mijs, Chief Executive, EBF 115 Getting to 1000
be treated as a substitute for specific advice. In particular, information in this publication does not constitute legal, tax, regulatory, professional, financial or investment advice. Advice from a suitably qualified professional should
always be sought in relation to any particular matter or circumstances.
35 Integrating Europe’s 116 Directory
Third-party advertisements are clearly labelled as such. None of the LSEG, Wardour or the individual authors endorse or are responsible for the content of any third party advertisement in this publication or otherwise. business communities 152 Contacts
AIM, London Stock Exchange, the London Stock Exchange coat of arms device are registered trademarks of London Stock Exchange plc. FTSE is a registered trade mark of subsidiaries of London Stock Exchange Group plc and is Cora van Nieuwenhuizen MEP,
used by FTSE International Limited under licence. Other logos, organisations and company names referred to may be the trade marks of their respective owners. No part of these trademarks, or any other trademark owned by
LSEG can be used, reproduced or transmitted in any form without express written consent by the owner of the trademark. European Parliament
2 3
LSEG FOREWORD

COMMENTARY
INSIDE THE
REPORT
VALDIS DOMBROVSKIS
VICE-PRESIDENT FOR THE EURO AND SOCIAL DIALOGUE, ALSO IN CHARGE OF FINANCIAL
STABILITY, FINANCIAL SERVICES AND CAPITAL MARKETS UNION, EUROPEAN COMMISSION

A STRENGTHENED CAPITAL MARKETS
UNION TO FOCUS ON THE EU’S
UNDERPERFORMING IPO MARKET

“MANY FIRMS THAT WOULD BE
PERFECT CANDIDATES FOR AN
IPO ARE NOT EVEN CONSIDERING
TAKING THIS STEP” I am delighted to welcome you to the 2017 edition of
London Stock Exchange Group’s 1000 Companies to Inspire
Europe report, which identifies Europe’s most dynamic and

I would like to congratulate LSEG on its second edition of
the 1000 Companies to Inspire Europe report. The high-
growth companies profiled in this report are truly inspirational
It underlines the need to make a success of the ‘SME Growth
Market’ concept, a new form of multilateral trading facilities,
which will be introduced by MiFID II in 2018. IPOs are the
fast-growing small-and-medium sized businesses.
This report is more than just a celebration of these
extremely successful companies. It continues to
examples of innovation, hard work, resilience and ambition for typical ‘exit solution’ for venture capital and private equity demonstrate what we instinctively know to be true – that
all entrepreneurs across the EU. Europe needs more high-growth funds. But IPOs by SMEs declined in the aftermath of the crisis. these companies are the best hope for future European
companies: 77% of ‘Unicorns’ are located in the US and China, The amount of capital raised on European junior markets fell economic growth and job creation. Never have their
compared with only 10% in the EU’s 28 member states.
Building a financial system that can better meet the
from €11bn per year directly before the financial crisis to €2.8bn
per year in the years that followed it. Many firms that would be “The companies in this prospects been so vital to the future of the post-Brexit
European economy.
financing needs of all our innovative businesses is one of the
priorities of the Capital Markets Union (CMU). This is especially
perfect candidates for an IPO are not even considering taking
this step, fearing costs and regulatory constraints.
report boast a three-year While EU GDP has rebounded recently, moving back
towards pre-crisis levels, there remain some serious
true for equity financing. Since the publication of the CMU
Action Plan in September 2015, we have made big strides in
The CMU mid-term review sets in motion an important
workstream to ensure that our regulatory framework supports
average annual compound underlying structural problems in European economies.
Youth unemployment in the EU is around 20 per cent and
implementing a comprehensive package of legislative and non-
legislative measures to scale up the supply of venture capital
the future SME Growth Markets and small issuers. For instance,
to help fast-growing companies go public, the Commission will
growth rate of over 100%” traditional sources of European job creation have dried up.
Pubic sector monoliths can no longer be relied on to create
financing in Europe. This includes a recent deal on rules to review sectorial legislation (such as MiFID II or the Market Abuse Xavier Rolet KBE jobs, while big blue chips have not directly created net new
strengthen venture capital funds and allow more possibilities for Regulation) to explore whether some rules can be modified to CEO, London Stock Exchange Group jobs for a decade now.
SMEs to access venture capital. This goes hand-in-hand with the lighten the administrative burden. We will also work with member By contrast, the growth companies in this report boast a
Pan-European Venture Capital Fund-of-Funds, which will soon states to identify and share best practices on financial schemes two-year job creation rate of 43 per cent and an incredibly
be up and running. We are mobilising up to €400m of EU funds that help SMEs bear the costs of listing on public markets. impressive average three-year average annual compound
as a cornerstone investment for this fund, which should go up to The success of our CMU is essential to break down barriers growth rate of over 100 per cent. Our selection criteria
€1.6bn when combined with private contributions. to cross-border investment and improve the ability of SMEs (more details on p115) also require these companies to
In June, we presented the mid-term review of the CMU to access finance. And it will offer new opportunities for the have outperformed their sector peers. The largest sector
Action Plan. It significantly raises our ambitions for integrating European financial sector. We hope that all market participants represented is Manufacturing and Engineering (at 20 per
European capital markets, and further strengthens the focus on will make use of these opportunities, and help us reach our cent) followed by Food and Drink (at 11 per cent), pointing to
helping SMEs raise equity capital on public markets. commitment to make a success of this flagship project. a rich and varied community of SMEs throughout Europe.
4 5
LSEG

€114 bn
23 m
Amount raised by AIM The number of small to medium-sized
in the past two decades enterprises in Europe

These companies clearly highlight the potential of investors and capital markets, or crowdfunding and peer- Vice-President Valdis Dombrovskis, who has said that I would like to thank our sponsors, AFME and IBM,
European SMEs to drive European economic recovery post- to-peer platforms. They need capital to flow directly from Europe as a whole needs a wider range of funding sources whose support has made this report possible. Their work
Brexit. With around 23 million SMEs – and around 19 million investors to entrepreneurs and small business owners, to cater to different needs and to complement bank lending. on behalf of and with SMEs to develop sustainable and
unemployed – in Europe, if we were to realise the potential in addition to the efficient bank lending engine already His plan for a Capital Markets Union (CMU) throughout effective European financial markets is a key driver of jobs
of high-growth SMEs like these to create real jobs, the effect supporting larger companies. Finance must come from the Europe is vital. Fragmentation of capital markets means and growth.
would be transformational. bottom up, not the top down. less liquidity, not only making it harder for companies to Our thanks go to expert contributors from the European
So why are companies the highlighted in this report the But this bias persists because, while debt remains tax- scale up, but also making the wider European economy less Banking Federation, Invest Europe and the Centre for
exception, not the norm? Why do 60 per cent of the world’s deductible, equity is often and punitively taxed – in some globally competitive. CMU will break down the barriers and European Policy Studies, whose insight and ongoing support
most valuable companies come from America and less cases up to four times. simplify access to multiple sources of finance throughout for the SME community is much valued.
than 15 per cent from Europe (down from over 30 per cent the EU, including making it easier to access finance from
a decade ago)? How can we take these dynamic companies Equity finance is the answer other countries both within and outside the EU.

“Independent studies have shown
‘from start-up to stardom’ and address the fact that – even Policy-makers need to address a situation where 80 per cent The CMU’s plans to reform the prospectus directive,
among these thousand standout firms – the majority have of SME lending comes in the form of debt. Because if the which governs how investors acquire a stake in a business,
revenues of less than €50m, while less than one per cent
have revenues of over €250m.
potential of high growth companies is clear, the potential of
equity finance to take them to the next level is even more so.
will make it less expensive and less burdensome for SMEs
to raise capital. And as access to finance becomes more that a 1% increase in the amount
The answer is recognising that the funding system is
biased against these companies and towards big, established
In the years following the financial crisis, when banks
were struggling to lend and Governments were cutting public
diverse, it will drive competition and reduce the cost of
finance for growing companies. By encouraging more of high growth companies in an
companies. Large companies mainly rely on debt to
manage and refinance their obligations. Last year, European
spending, 67 companies from countries hardest hit by the
financial crisis – Portugal, Ireland, Greece and Spain – raised
investment through equity, the CMU will also make the
European economy more resilient by being less reliant on economy would add 2% to the
Government spent €570bn of taxpayers’ money subsidising
this corporate debt through tax deductibility.
over €30bn in equity finance to invest, grow and create jobs,
demonstrating the resilience of capital markets.
debt, and give people more of a share in that economy. If,
post-Brexit, Europe is to have a sustainable economic future,
GDP of that economy”
But while debt may be a suitable funding tool for big, AIM is the world’s most successful capital market it must support new companies, new ideas, new jobs and a
established firms, it is ill-suited to help SMEs and high- designed specifically for high growth companies. It has new funding model.
growth potential companies. Small companies in receipt of a raised €114bn for more than 3,700 companies around the Finally, I would like to extend my personal gratitude
bank loan must prioritise managing that debt or risk default, world in the last two decades. When the British Government A thank you to the Commissioners and senior policy-makers who
instead of using all their financial and human capital to made shares on this market eligible for ISA (a UK tax-free London Stock Exchange Group stands ready to do its part, have supported this report: Valdis Dombrovskis, Toomas
innovate and grow. savings account), £4 billion flowed into these companies partnering with you. Our capital markets – the deepest Tõniste, Roberto Gualtieri MEP, Markus Ferber MEP, Kay
They need long-term patient capital, like equity, where overnight, helping them to grow and invest further. and most liquid in the world – efficiently pump billions Swinburne MEP, Ramon Tremosa MEP, Sirpa Pietikainen
companies at different stages of development seek And because these companies are highly innovative (the of pounds of capital into European economies. Last year, MEP, Othmar Karas MEP, Cora van Nieuwenhuizen MEP
investment to grow their business either through individual companies in our report lay claim to nearly 8,000 patents 76 per cent of capital raised across European growth and Jonas Fernandez MEP, whose contribution to this
and trademarks between them – twice as many as in last markets was on AIM. report is testament to their understanding of and tireless
year’s edition), the jobs they create tend to be high quality Our pan-European growth company support and capital- commitment to the ambitious growth firms of the future.
and well paid, helping to boost productivity. raising initiative, ELITE, is supporting a community of
“If, post-Brexit, Europe is to have Finally, innovative equity-funded firms can demonstrably
help the European economy to achieve post-Brexit success
over 1000 high growth companies, advisers and investors.
Vice-President Dombrovskis was clear that Europe needs
a sustainable economic future, through exports: companies quoted on AIM are five times
more likely to export than the national average. No wonder
programs like ELITE.
It is in all of our interests that this financial ecosystem
it must support new companies, independent studies have shown that a one per cent increase
in the amount of high growth companies in an economy
that does so much to raise vital patient capital for SMEs
is maintained and nurtured, not fragmented. Putting up
new ideas, new jobs and a new would add two per cent to the GDP of that economy.
This is why we at London Stock Exchange Group
barriers to capital just increases the cost of capital. As
globalisation continues apace, the EU (and the UK) can Xavier Rolet, KBE
funding model” wholeheartedly agree with European Commission ill afford to become less competitive. CEO, London Stock Exchange Group

6 7
LSEG FOREWORD

COMMENTARY A world-leading
IPO market
TOOMAS TÕNISTE
FINANCE MINISTER OF ESTONIA,
PRESIDENCY OF THE EU COUNCIL

ESTONIA WILL BE COMMITTED
TO HELPING SMEs

€36bn
2016 saw a total of €36bn
65
There were 65 IPOs in 2016 on LSE
raised through IPOs and
further fundraisings on the
Main Market and AIM

“WE WANT TO MAKE SURE THAT
BOTH STARTING A COMPANY AND
EXPANDING A BUSINESS ARE AS
EASY AS POSSIBLE”
39%
The 38 companies that floated
78%
of 2016 IPOs are currently
on AIM in 2016 ended the year trading up at the end of 2016
I t is impossible to overstate the importance of small-
and medium-sized enterprises (SMEs) in Europe today.
Undoubtedly, SMEs are the key to economic growth,
capital. We hope this will ensure that more diverse and
cheaper funding will become available for SMEs, while also
channelling investment back into European economies.
up more than 39% on average
innovation and job creation in Europe. The timely Coupled with a more resilient financial system through the
publication of LSEG’s 1000 Companies to Inspire Europe Banking Union, we aim to equip European SMEs with the best
report is an excellent way to showcase some of the most opportunities that will allow them to make full use of the

5 38
outstanding SMEs in Europe and is a testament to the benefits the single market offers.
dedicated work of European entrepreneurs. It is also an For those outside of the EU, but looking to benefit from the
occasion to celebrate their success. single market, Estonia is offering a digital solution to set up
As the next country to hold the Presidency of the Council and run a location-independent business.
of the EU, Estonia is committed to fostering an open and We are the first country to offer e-Residency, a
innovative European economy, one that will allow SMEs to government-issued digital identity that allows anyone
reach their full potential and become more resilient. To this to start and manage a company online. This will enable
end, Estonia focuses on improving the business environment, companies to access the single market and realise their equity deals in London IPOs on AIM compared
which will benefit SMEs across all business sectors. In full entrepreneurial potential.
particular, we want to make sure that both starting a Fully digital services also mean that this process raised over €1bn in 2016 to 31 in 2015
company and expanding a business are as easy as possible. will be both cost-effective and fast, and, therefore,
We aim to advance cross-border digital public services, accessible to all SMEs.
which will increase administrative effectiveness and LSEG’s 1000 Companies to Inspire Europe report
lower costs for SMEs, allowing companies to invest in highlights the accomplishments of SMEs across Europe.
their businesses and create new jobs. I hope, therefore, that it will also serve as an inspiration
Estonia also prioritises work on creating new funding to future entrepreneurs.
opportunities for SMEs. For our part, Estonia will make every effort to foster an
Therefore, under the Capital Markets Union (CMU), we open and innovative European economy, with an SME-
will work on removing barriers to the free movement of friendly business environment.
8
9
LSEG FOREWORD

COMMENTARY
ROBERTO GUALTIERI MEP

The world’s leading
CHAIR, ECONOMIC AND MONETARY AFFAIRS COMMITTEE
EUROPEAN PARLIAMENT, S&D

IMPROVING ACCESS
TO CAPITAL MARKETS growth market
€114bn 38 €6bn
AIM reached €114bn There were 38 IPOs and raised on AIM in the
capital raised mark 263 further fundraisings UK in 2016 through
in 2016 in 2016 on AIM IPOs and further
fundraisings
“NOW IS THE TIME TO MAKE THE
NECESSARY CHANGES TO ENSURE
THAT CAPITAL MARKETS ARE Global Performance
DEPLOYED TO THE FULLEST” AIM REMAINS A VERY AVERAGE PERFORMANCE OF

T
INTERNATIONAL MARKET NEW AIM COMPANIES IN THE

48
he 2017 edition of 1000 Companies to Inspire Europe of investors to small and growing businesses and social
LAST THREE YEARS
comes at a critical moment in the EU legislative ventures, while making cross-border marketing of EuVECA

+39%
cycle: the European Parliament is currently halfway and EuSEF funds less costly. companies with international
through its five-year term. Further, new regulation on reviving the securitisation operations floated in the
Over the last two-and-a-half years, our committee has market has been finalised, which should help to free last three years
worked towards passing a number of initiatives to make up bank lending so that more financing can go towards Average performance
of new UK AIM

+16%
it easier for Europe’s SMEs, the backbone of economic supporting SMEs.
growth, to access finance and create jobs in Europe. As the The ECON Committee also drafted an own initiative companies this year
European economy crawls out of the recession, now is the report on covered bonds, which includes a number of of total

+52%
time to make the necessary changes to ensure that capital recommendations to make the framework available to
markets are deployed to the fullest.
Since the last 1000 Companies to Inspire Europe report
riskier types of assets, for example SME finance. It also
serves to extend the principles to debt instruments which
+4%
was published, the Economic and Monetary Affairs (ECON) finance growth-enhancing economic activities such as Average performance
Committee, together with the European Commission and SME investments. of large new AIM
the member states, has achieved a number of important Finally, our committee continues to try to make it easier FTSE 100 OVER THE companies 2014–16
goals. These include the review of the Prospectus for banks to lend to SMEs. One of the ways in which we are SAME PERIOD
Regulation, which simplifies the rules and procedures while doing this is by supporting the ECON Commission’s proposal www.lseg.com/aim
also making it cheaper and simpler for small businesses to on adjustments to the capital requirements regulation,
access capital markets. which maintains the deviation to the requirements for
Other important steps forward are the review of the exposure to SMEs, as well as extending its scope with no
European venture capital funds regulation and the review upper limit.
of the European social entrepreneurship funds regulation, I look forward to continuing to work with the sector to
which will open up EuVECA and EuSEF to fund managers of make sure that we fulfil our promise to European citizens to
all sizes. This move will allow more companies to benefit move forward with the necessary reforms to deliver a CMU
from EuVECA investments. It will also improve access for the companies of Europe.
10
11
COMMENTARY
MARKUS FERBER MEP
VICE-CHAIR OF THE ECONOMIC AND MONETARY AFFAIRS
COMMITTEE, EUROPEAN PARLIAMENT, EPP

ACCESS TO FINANCE
IS CRUCIAL

Connecting companies
with capital
ELITE is a full-service programme for ambitious,
inspiring companies that want to further their growth.
“SMEs ARE LIKELY TO NEED ELITE is a vibrant community of entrepreneurs, business leaders,
DIFFERENT FINANCING advisers and investors from 25 countries around the world.
SOLUTIONS ACROSS DFFERENT
PARTS OF THEIR LIFECYCLE” We are proud to support inspiring companies.

I f you want to see innovation, technological leadership,
growth and down-to-earth management, take a closer
be held back. Therefore, access to finance for SMEs is key.
While the goal is clear, the path to getting there is a

Share success, do business, make connections.
look at the very heart of the European economy: small- and difficult one. There is no one-size-fits-all solution. While a
medium-sized enterprises (SMEs). standard bank loan might work well for many SMEs, it can
Many SMEs do not have the shiny commercial and glossy be very hard for innovative start-ups to obtain such a type
publications we see produced by the big multinationals, of financing.
but nonetheless they are the everyday heroes of the EU It also might not be enough for rapidly growing medium-
economy. They are bold, they take risks and they grow. sized businesses which are on the brink of international
expansion. SMEs are likely to need different financing
#weareELITE
This edition of 1000 Companies to Inspire Europe makes it
very clear that if you want to see jobs, growth and investment solutions across different parts of their lifecycle, and they elite@lseg.com
happening, then big government spending plans are not need experienced partners like LSEG which are able to www.elite-growth.com
the answer: you should be looking instead at empowering help with navigating the pitfalls along the journey – from
entrepreneurial spirit and encouraging the SMEs where that crowdfunding to initial public offering.
entrepreneurism is most usually found. The European Parliament is fully committed to making
Encouraging entrepreneurial spirit via a smart and SME financing work. Dedicated SME Growth Markets in
sound legislative framework is the foundation for making MiFID II, a lighter prospectus regime and more favourable
SMEs thrive. But the one ingredient that truly makes the capital requirements for banks’ SME exposures are hard
difference is finance. If access to finance is missing, it can proof of that.
hold back the company with the smartest business plan. The next big project will be finishing the Capital Markets
But if it is there, it can make all the difference between a Union (CMU). The European Parliament is committed to
couple of smart students working in their parents’ garage making European financial markets more efficient, more
and being the next world leader in an industry that has not transparent and more resilient. To that end the ECON
even existed before. Committee in particular is looking forward to ambitious
If there is no realistic access to finance, innovation will be proposals from the European Commission – not least for
held back, competition will be held back and progress will the sake of SMEs.
12
COMMENTARY COMMENTARY
KAY SWINBURNE MEP RAMON TREMOSA MEP
VICE-CHAIR OF THE ECONOMIC AND MONETARY ALDE COORDINATOR AT THE ECONOMIC AND MONETARY
AFFAIRS COMMITTEE, EUROPEAN PARLIAMENT, ECR AFFAIRS COMMITTEE, EUROPEAN PARLIAMENT

DELIVERING ON INCREASING THE
OUR PROMISE FUNDING OPTIONS

“THE CENTRAL ROLE THAT SMEs “ANOTHER CHALLENGE TO BE
PLAY IN THE SUCCESS OF THE ADDRESSED IS THE NEED TO
EUROPEAN ECONOMY REMAINS REMEDY THE TAXATION BIAS
A CONSISTENT MESSAGE” TOWARDS DEBT OVER EQUITY”

L ooking through this year’s publication of 1000
Companies to Inspire Europe, the numerous small- and
medium-sized enterprises that feature once again highlight
towards the investor, which is especially harmful in relation
to SME financing. There needs to be a move away from
regarding these investors with suspicion and to recognise,
T he key to ensuring the EU economy thrives on a global
level is by nurturing its innovative capacity at a local
level. I am from Barcelona, and as a Mediterranean liberal
LSEG’s ELITE programme, a scheme dedicated to
educating start-ups about the many funding options that
might be available to them, is an example of the CMU’s
the diversity and strength of the SME sector in Europe. as happens elsewhere in the world, the role they play as the I am very much aware of the need for developing financial philosophy in practice.
These companies and their merits – their creativity, driving force in our economy. Only with this understanding markets in order to diversify the sources of credit for our More can be done to ensure the right environment exists
innovation and momentum – should be celebrated, and I can we implement the CMU and ensure that Europe’s savers most innovative small- and medium-sized enterprises (SMEs) for innovative SMEs. We need to facilitate capital flowing to
applaud LSEG for once again showcasing them to a wider become Europe’s core investors. and to lessen their dependence on banks. where it is needed the most, including carefully calibrating
investment audience. We must hold this mindset as we move into the review I am committed to ensuring the right environment the prudential standards for risk capital. This will ensure
As policymakers, we now need to deliver on our promise period of many key pieces of post-crisis legislation and exists in which companies can innovate. Europe offers that the need for financial stability is balanced with freeing
of a deeper Capital Markets Union (CMU) – improving the admit where past decisions need to be challenged. The start-ups a market with scale, but to ensure that we have up capital, which can then be invested where wealth and
access to finance and diversity of funding options, and European Market Infrastructure Regulation (EMIR) review the right ecosystem to make this happen, we need to offer jobs are created.
providing a risk-resilient system. for example, needs to focus on finding solutions to the our entrepreneurs something more – we need to offer Another challenge to be addressed, and one the
With agreements reached on an enhanced venture unintended consequences and unnecessary burdens placed them the right mix of financing throughout their European Commission has rightly identified as a priority,
capital framework, a simplified prospectus regulation, on those smaller non-financial companies interacting with company’s lifecycle. is the need to remedy the current taxation bias towards
and a new, incentivised class of securitisation, we should financial markets. I myself have fought for diversified funding opportunities debt over equity. This is needed to create the right
be encouraged. But, more importantly, we should be Much has changed in the 12 months since the for SMEs, especially through the availability of incentives for investors. Another prerequisite for putting
emboldened to push on. publication of the first edition of 1000 Companies to crowdfunding. In an age where banks are still not able to Europe back on the path to growth is the need for a
Still more needs to be done to ensure that Europe is a Inspire Europe. However, as this year’s report testifies, provide Europe’s high-growth companies with the capital global level playing field. This will help maintain the
globally competitive environment. Improvements such the central role that SMEs play in the success and they need, it is especially important that all funding competitiveness of our region which, when it comes to our
as increased supervisory cooperation, further promotion modernisation of the European economy remains a opportunities are fully developed. digital champions, is lagging significantly behind the US.
of international consistency, the standardisation of consistent message. 1000 Companies to Inspire Europe is relevant because My group and I remain committed to further improving
insolvency law for investors or a rebalancing of Europe needs to ensure that these 1000 small it showcases the dynamism and diversity of the EU’s the conditions for SMEs, in order to allow them to reach
our tax laws – which currently favour debt over equity companies, and the thousands of others that do not entrepreneurs and the different types of funding they need. their full potential by providing the right investment
financing – all need to be made. feature, are afforded the opportunities and the right It also serves as a helpful reminder of what the Capital signals and appropriate regulatory framework for their
Furthermore, we must address our sceptical attitude environment in which to thrive. Markets Union (CMU) project is all about. continued development.
14 15
SPONSOR FOREWORD
LSEG FOREWORD
As the voice of Europe’s wholesale financial
markets, we understand the need to build
constructive dialogue between our members
and regulators. In our experience, an evidence-
based approach brings the best results.

FUNDING FOR HIGH-
GROWTH COMPANIES
W e are delighted to be supporting 1000 Companies to Inspire Europe
again this year. Europe’s economy is beginning to show improved
growth, thanks in large part to successful businesses like those featured
in this report. These companies, which add to the resilience of our
economy, grow through a combination of innovation and access to the
right type of funding.
However, Europe continues to face a shortage of risk capital for high-
growth businesses. Raising finance and retaining investors to enable
the next generation of high-growth and innovative companies like
those featured in this report should be a top priority for industry and
policymakers alike.
To understand the state of financing for small- and medium-sized AFME advocates stable, competitive,
high-growth companies in the European Union, AFME – alongside 12 other sustainable European financial markets that
“Raising finance and retaining stakeholders involved in pre-initial public offering (IPO) finance – published
The Shortage of Risk Capital for Europe’s High Growth Businesses in
support economic growth and benefit society.

investors should be a top March 2017.
Among some of the major barriers is the EU’s fragmented internal
Learn more about our work at www.afme.eu
priority for industry and market, which makes navigating the rules and standards of 28 member
companies particularly difficult. Another issue is the lack of awareness
policymakers alike” surrounding alternatives to bank lending and more should be done to
encourage an entrepreneurial environment where a greater number of
start-ups use this form of finance.
An additional concern for companies is of course Brexit, as illustrated
in our most recent report with the Boston Consulting Group and Clifford
Chance. We surveyed 62 large corporates, investment firms and SMEs
across the EU, along with ten industry associations representing millions
of SMEs. What is striking is that SMEs are the least prepared, yet could
find themselves hardest hit by Brexit due to a potentially higher cost of
capital and difficulty establishing new banking relationships for cross-
border trade.
While there are plenty of challenges ahead, Europe has tremendous
potential as a home for future high-growth businesses, with a market of
over 510 million people and an annual GDP of €14.7tn. To harness this
potential and enable our high-growth businesses to access the funding
needed to compete on a global stage, momentum on the Capital Markets
Union is more important than ever.

Simon Lewis
Chief Executive, Association for Financial Markets in Europe

Association for Financial Markets in Europe
www.afme.eu Image: ECB headquarters in Frankfurt

16
17
Broad t bond issu LSEG FOREWORD
There is more than just bank financing to help today’s and deep es a
w
pool of
European small and medium-sized businesses become

Lo

nc
£4M 80%
capital

e
tomorrow’s inspirational companies.

of small and
2,836
Companies
mid-size company
benefited from funding comes
£98bn £3.8bn from bank finance,
SME market Sm
allest listin
of venture
capital funds

Bond financing no including bank
loans

g
capitalisation
Venture

on
across France,
£0.07m Credit rating

AIM
Germany, Spain, capital needed for
Italy and investors LSE ORB
the UK
Equity
Equity capital confers

664
SMEs raised
listing on
public
markets
3 years
Operating time
needed to list
ownership rights
in the company
to the capital
between €50,000 on the LSE provider For
and €1,403M in mid-size
European “junior” companies
exchanges with annual
turnovers of

€20-€400m
Innovative
5% Family
and Equity financing Finance for Europe’s
SMEs
Of funds obtained
by SMEs are friends
from family
and friends
£2.2bn Equity
€9.8bn European
Investment
to venture
capital funds

Expected
Fund (EIF) (2015)

to mobilise Angels
Investors Fund
share in the €250K- Typical
business risks
Business
angel investors of the company, €5M amount
provided by
the EIF together
participating in with business
angels
profits as well
as losses
271,000
Angel investors Crowdfunding
National and €750k-
144% pan-European Spanish
invested in
€1.5m
33,340 FOND-
early stage
companies
£422M Annual
growth of
support ICOpyme
Equity for
innovative
schemes
Amount of
equity raised on the European companies
crowdfunding alternative
platforms in finance market
Europe in 2014

Indirect equity
support to
€5m
German
companies ERP Co-invested
Up to
Start-up Fund in innovative
50%
tax relief
companies

For
Tax investors in
Association for Financial Markets in Europe incentives the UK's EIS
and SEIS
www.afme.eu schemes
SPONSOR FOREWORD RESEARCH PARTNER FOREWORD

BLOCKCHAIN IS THE COMPANY DATA AS
INTERNET OF ITS AGE A RESEARCH TOOL
IBM is delighted to be sponsoring 1000 Companies to Inspire
Europe – a publication that highlights some of the fastest-
growing and most dynamic firms in Europe, but also unearths the A t Bureau van Dijk we’re proud to be the source of the company
information in this report. We offer renowned coverage and ease of
day-to-day challenges that these companies face. analysis through our range of databases and solutions. Orbis, our flagship
At IBM, we are looking to emerging technologies, including global database, covers 220 million private companies from around the world.
blockchain, to build solutions to make it easier for SMEs to access the Our products are used in a variety of sectors for a range of functions,
financing they need to trade and grow. Blockchain brings together shared such as credit risk assessment, anti-corruption, anti-money laundering and
ledgers with smart contracts to allow the secure transfer of any asset – third-party due diligence. The products also cover tax research, business
whether a physical asset such as a shipping container, a financial asset development and M&A.
such as a bond, or a digital asset such as music – across any business We provide a wealth of detailed information like financial strength
network. Blockchain is doing for trusted transactions what the internet metrics and projected financials, as well as scores on companies with
did for information. limited financials.
We source this information from 160 providers around the globe and we
“Sharing secure and transparent Working in partnership
Borsa Italiana, part of London Stock Exchange Group, has teamed up with
“We strive to make our add value to our data in a number of ways, such as standardisation, linking
data sources and our interface.
critical network data across IBM to build a blockchain solution digitising the issuance of securities
for small- and medium-sized enterprises (SMEs) in Europe. Designed to
information easily comparable We strive to make our information easily comparable and searchable
between companies and across borders. To ensure this is the case, we created
shareholder networks is difficult simplify the tracking and management of shareholding information,
the new system is focused on creating a distributed, shared registry
and searchable between a specific standardised account format that reflects and incorporates the
wide variety of accounting procedures, while also delivering well-populated
using traditional systems. containing a record of all shareholder transactions, helping to open up
new opportunities for trading and investing.
companies and across borders” reports. This allows for faster, simpler cross-border searching and comparison.
We also cross-reference industry codes, provide company names in a
Blockchain is poised to help Instead of having to deal with the paper trading certificates commonly number of languages and alphabets and weight financial strength indicators
issued to private companies today, unlisted European SMEs can look for local variations in order to apply consistency to our non-financial fields.
remove some of these barriers forward to enjoying a more digitised, streamlined and transparent Combining and linking company data with other information gives our

in traditional methods for the
process – giving issuers, regulators, investors and others increased insight customers an effective research tool and, through data linking, we combine
into company information. Plus, this blockchain solution is aimed at information on people, ownership structures, financial strength and entity

transfer of value – much as the giving SMEs better access to credit and linking them into a broader and
more mature ecosystem, so that they can set up new trading networks
data. This reveals important relationships that enhance your knowledge of
the companies, industries and sectors in which searchers are interested.

internet did for the exchange of and obtain funding by sharing financial data in a security-rich and
transparent public arena.
Lastly, our state-of-the-art interface helps you to create and execute
complex searches and analyses quickly and easily. The interface offers a

information in the late 1990s” The system, built on the Hyperledger Fabric version 1.0 blockchain
framework, is designed to help ensure that highly sensitive securities
number of visualisation tools to help deliver a clearer understanding of the
topic you might be researching.
data can be shared among permitted network participants while To see all of our many benefits and find out about our free trial scheme,
remaining secure and gated. It was developed in collaboration with please visit www.bvdinfo.com or email bvd@bvdinfo.com.
IBM and is now undergoing an initial test phase with a small group
of partners and clients. Mark Schwerzel
Deputy CEO of Bureau van Dijk
Marie Wieck,
General Manager, IBM Blockchain

20 21
RESEARCH FINDINGS

INSPIRING EUROPE IN MAKING EUROPE MAKING

NUMBERS
WHERE TO
WEALTHIER FIND THEM EUROPE WORK
THE 1000 COMPANIES’ HOW THE 1000 COMPANIES
1000 COMPANIES, ARE CREATING JOBS
FINANCIAL PERFORMANCE 28 MEMBER STATES:
AT A GLANCE FIND THESE INSPIRING
COMPANIES OVER
OUR RESEARCH DRILLED DOWN TO FIND THE FACTS AND INTERPRET THE COMING PAGES
20
THE DATA ABOUT THE EU’S MOST EXCITING ORGANISATIONS
30
<€30M 5
HOW IT ALL AVERAGE REVENUE 5
ADDS UP €59.10M
5
3-YEAR COMPOUND ANNUAL 20
THE COMPANIES BY GROWTH RATE (CAGR)
ANNUAL REVENUE* 103% 20
170 50 30
30 180 AVERAGE NO. OF
10 EMPLOYEES PER COMPANY 212
€30–40M
€50–75M 5 5
20 10 TOTAL EMPLOYEES 211,880
150 5 10
5
TOP 100 COMPANIES’
AVERAGE 3-YEAR CAGR
€40–50M 730% 5
AVERAGE EBITDA MARGIN
€100–150M
10% 110
€75–100M
10
TOTAL TRADEMARKS
REGISTERED 70 1-YEAR JOB 2-YEAR JOB
€150–250M
2877 10 CREATION CREATION
TOTAL PATENTS HELD 20% 43%
€250M+
4884

5 5
303 180 108 176 81 92 52 8
TRAVEL & LEISURE

22 IT & TECHNOLOGY
35
PROFESSIONAL FOOD &
SERVICES
204 68 DRINK

RETAIL
49

LE
SA
20 20

LE
HO
MANUFACTURING

W
FACILITY ENVIRONMENTAL
& ENGINEERING
SERVICES SERVICES
56 112
AGRICULTURE/
WHICH SECTORS ARE MAKING WAVES? FARMING/
FORESTRY

22 * For the full methodology please see page 115 23
TECHNOLOGY SECTOR
AT A GLANCE

2%
TECHNOLOGY HAS THE EU AVERAGE
GROSS DOMESTIC
REVOLUTIONISED DAILY EXPENDITURE ON
TECHNOLOGY R&D
LIFE IN THE 21ST CENTURY, 403 MILLION
FUNDAMENTALLY CHANGING EU CITIZENS WHO
HAVE ACCESS TO THE
INTERNET, OUT OF
THE RELATIONSHIP BETWEEN A TOTAL OF ALMOST
508 MILLION
CONSUMER AND BUSINESS. €2.4 BILLION
OVER THE NEXT FEW YEARS, MONEY ALLOCATED
TO THE EUROPEAN

IT WILL CONTINUE TO DO
INSTITUTE OF
INNOVATION &
TECHNOLOGY FOR
SO, WHEN THE INCREASING EDUCATION AND
OUTREACH
USE OF ROBOTICS LOOKS IN THIS SECTION

LIKELY TO PRESENT THE
Gavin Raeburn, CEO
of Playground Games,
explains why business

BIGGEST CHALLENGE – intelligence and hiring
the right people are the
two crucial elements for
AND OPPORTUNITY success. Plus LOGICDATA
CEO Johannes Gradwohl
on the importance
of ergonomics in the
workplaces of the future

Sources: Eurostat, internet
world stats, EIT

24 25
TECHNOLOGY

A GATHERING
FORCE
NOT ONLY IS TECHNOLOGY A MAJOR INDUSTRY IN THE GAME’S
ITS OWN RIGHT, BUT IT ALSO ENABLES AND AFFECTS
EVERY OTHER INDUSTRY THROUGHOUT EUROPE.
THE THING
A PRIME CONCERN FOR TECHNOLOGY COMPANIES Playground Games
www.playground-games.com
IS THAT THE CHANGES ARE SO FREQUENT AND SO
Sector: Technology
SUBSTANTIAL. IT IS A TOUGH TASK TO STAY AHEAD Country: United Kingdom
OF THE CURVE AND GAIN A COMPETITIVE EDGE. TO
T he global video games market is vast. Playground Games has
DO THIS WILL REQUIRE ONGOING UPSKILLING OF Projected figures for 2017 show it is likely
had huge success with
its Forza Horizon series
EMPLOYEES AND AN EYE TO THE FUTURE AS MUCH AS to reach close to £86 billion, riding on the back and is now looking to
THE PRESENT of an increase in worldwide video game users expand and diversify
to almost 2.2 billion, or more than a quarter of its portfolio of games
the global population. At the forefront of the
industry in the United Kingdom is Playground
Games, behind the now classic Xbox series,
Forza Horizon. Its most recent release, Forza
Horizon 3, was, globally, the best-selling racing
game of the past five years, selling more than
2.5 million copies in the first three months of
its release.
But the company’s work doesn’t end there.
“Our goal is to become the most successful
independent console development studio in
the world, and to do this we believe we need
critical and commercial success within a diverse
portfolio of games,” says Gavin Raeburn, CEO of
Playground Games.
To do this, it has begun transitioning to a
two-project company, thereby doubling its
employee numbers. This presents a challenge
in itself, but one that Playground Games has so
far navigated with great success.
Gavin champions the need to run consumer
and competitor research continually in order to
stay ahead of the curve. “Business intelligence “Business intelligence
is king,” he says. “You should understand with
is king. You should

2.5 m
a passion what you’re selling, who you’re selling

understand with a passion
it to and who your competitors are.”
But it’s the staff that are perhaps the ultimate
determinant of a company’s future: “Our biggest
challenge has been finding high-quality talent what you’re selling, who
at the rate we need it,” explains Gavin, “with
demand often outstripping supply in many you’re selling it to and who
areas, especially for our key leadership and
director-level roles.”
your competitors are”
Playground Games has, however, brought in
the finest developers in the game.
Copies of racing game Gavin Raeburn, CEO, Playground Games

“You’re only as good as the people you hire,” Forza Horizon 3 sold
warns Gavin. “Never compromise on this, no
matter what pressure you’re under.”
within three months
of its release
26 27
TECHNOLOGY

SOUNDS FANTASTIC LOGIC DICTATES
T he habits of music listeners have changed hugely over the past
decade. Where before it was a case of plugging into compact units
– stereos with attached speakers, reliant on tapes, CDs and records – the www.audiopro.com
A ustrian company LOGICDATA has a bold
prediction: in five years’ time, it will have
revolutionised the way we look at an office
continuously innovate and bring new products
to the market that half of its staff are devoted
solely to research and development. www.logicdata.net
modern listener is far more mobile. A quick press of a button can send Sector: Technology workplace. “The workplace of the future puts “LOGICDATA has always succeeded by Sector: Technology
a tune from your smartphone through the air to speakers situated on Country: Sweden human ergonomics and preferences in the surprising the market with unexpected, Country: Austria
the far side of the house, without you having to budge an inch. What’s spotlight,” says CEO Johannes Gradwohl. improved products that take a huge step
more, music can now be streamed so a trip to the record shop is no longer “LOGICDATA is intensely and actively working forward from their competition,” says
required. In short, options have expanded dramatically. on perfecting and optimising a human- Johannes. It uses trade fairs across Europe
Audio Pro, which has been producing high-end audio equipment from centred workplace.” to launch its latest products – for example,
its home country of Sweden since 1978, cottoned onto this trend early The company develops mechatronic adjustable bed technology, or customised
on. “Our company’s success is largely down to our understanding of new system solutions for adjustable home and hand controls – and has been expanding its
listening behaviours, particularly with streaming, and our production of office furniture. So important is its ability to revenue and workforce by around 20%

Streaming music is Practise what you
now commonplace, preach: LOGICDATA’S
and AudioPro was own offices are a
ahead of the game hymn to its innovative
approach

The visual appeal Water and greenery
“Good sound is vital for people of the company’s can make for a more
products is as pleasant working
to get moved by their music” important as the sound environment

1978 20 %
quality loudspeakers that are easy to use,” explains Stefan Pantzar, a year on average in recent years.
CEO of Audio Pro. “It is and always has been an amazing
Moreover, the speakers they make are of the finest design: simple, cool experience to see ideas come to life within
and fit for any discerning aficionado. the company and help to give them room to
The company has led the market in Sweden by sticking to a few simple grow,” says Johannes. “I think that our way
rules, says Stefan. “By doing what we know – making great-sounding of working – being and keeping our ‘Minds
products. Too many brands just make poor speakers. Good sound is vital in Motion’ – makes us who we are and, as a
for people to get moved by their music.” result, makes us so successful.”
Stefan notes that the shift from traditional audio to wireless streaming Year in which Audio Pro The drive to revolutionise the workplace is Average annual
was perhaps the biggest obstacle the company faced. But the fast-
growing market of streaming was also an opportunity, and ensuring their
was founded in Sweden only likely to accelerate as new technologies
emerge and LOGICDATA knows its proven skill
expansion of
products could accommodate all the major streaming services has been in innovation will continually be tested. LOGICDATA’s workforce
key to its success.
Now streaming is commonplace, and Audio Pro’s experience means it
“Challenges will arise and need to be in recent years
overcome, and this is where we will be working
can focus on further honing the products that have resulted from it. “As strongly: to create the unexpected,” Johannes
always, new technology sets the standards, and you have to know which says. “The opportunities in this field are vast.
technology to choose,” says Stefan, advising other companies to follow More and more people work in offices, and the
suit. “Be passionate about your product. It will shine through.” way we do this now has to change.”

28 29
TECHNOLOGY COUNTRY OVERVIEW

WITNESS THE DIFFERENCE 1000 COMPANIES
W
DENMARK SNAPSHOT
IT Software is a quintessentially global company. The developer
of software products and solutions for mobile telecom operators is
present in more than 42 countries worldwide and is a key sector player in
markets from Europe to the Asia-Pacific region, via India. The importance
of its international operations is made clear by the figures: 90% of its
revenue stream comes from overseas markets. wit-software.com DENMARK HAS 20 LISTED COMPANIES, SEVEN OF WHICH ARE LOCATED
Sector: Technology
“In the past we mainly focused on the European market, but several
Country: Portugal
AROUND COPENHAGEN, AND 13 REGISTERED TRADEMARKS AND PATENTS.
years ago we began to ‘follow the growth’,” says Luís Moura e Silva, CEO
of WIT Software. After diligent research it understood that the healthiest
FOR A FULL LIST OF COMPANIES FROM DENMARK, TURN TO PAGE 119
markets for telecoms were in Asia, specifically India, so it began to
look east, all the while maintaining its obsession with the quality of its
software and increasing investment in research and design.

FAROE ISLANDS

€72M
AVERAGE
REVENUE

WIT Software’s offices
are a nod to the
company’s creative
and innovative side

“To be able to compete with any
There is a high demand
for more top-calibre
software engineers
13
company, we need good talent” throughout Europe REGISTERED PATENTS
AND TRADEMARKS

42
The company’s products are sophisticated, and Luís admits that it has
been difficult finding employees with the depth of skill needed to take on
the responsibility of continuing the company’s record of innovation.
“Our main obstacle has been hiring people,” he says. “The workforce of
software engineers in the European market is not enough for the demand
in the industry. To be able to compete head-to-head with any company,
including those in Silicon Valley, we need good talent. And finding people
2-YEAR JOB

42%
with good talent has been a problem.”
But the company has powered on regardless, consistently recording Number of countries GROWTH
worldwide in which
29%
double-digit growth in recent years. And, says Luís, its goal is to keep on
growing, meaning that it will likely expand its workforce to match new
WIT Software operates
20
demands. Industry ‘valleys’ should be invested in and developed close to 3-YEAR COMPOUND
top-flight universities, he says. ANNUAL GROWTH
WIT Software’s progress in recent years has been remarkable, and Luís RATE
advises companies that want to follow suit to take a leaf out of its book.
“Think global and create a sustainable business that will be able to survive NUMBER OF
different phases and whatever changes are certainly likely to come.” COMPANIES

30 31
COUNTRY OVERVIEW EXPERT COMMENTARY

1000 COMPANIES
IRELAND SNAPSHOT
INVESTING IN
IRELAND’S 20 COMPANIES ARE SPREAD THROUGHOUT THE COUNTRY
AND BOAST AN IMPRESSIVE AVERAGE REVENUE OF €49M.
EUROPE’S FUTURE
WIM MIJS BANKS ARE HELPING TO BOLSTER EUROPE’S
FOR A FULL LIST OF COMPANIES FROM IRELAND, TURN TO PAGE 132 CHIEF EXECUTIVE, ECONOMY AND SPUR GROWTH
EUROPEAN BANKING FEDERATION

20
NUMBER OF
€50M Since the dawn of finance, European
banks have helped entrepreneurs, family
capital markets, banks are there to help
Europe’s companies every step of the
AVERAGE businesses and local and multinational way. In fact, given companies’ diverse
COMPANIES REVENUE firms. For more than half a century, the needs, we see capital markets and bank
European Banking Federation (EBF) has lending as fully complementary. Hence
represented European banks, advocating we support the EU’s project of the Capital
the interests of European banking clients. Markets Union to boost capital markets.
Today, we have members in 32 countries We strongly feel the need for SME

6
and represent more than 4500 banks. growth – they are the backbone of
Since I took over the helm of the EBF European jobs and incomes. Small
three years ago, it has been a pioneer and growing companies such as those
in enabling digital transformation, led featured in this publication have a special
MANUFACTURING
industry-wide efforts to build a European place in the future of Europe. They need
& ENGINEERING

€10tn
financial education platform, bolstered
COMPANIES its role in bank supervision and tackled
new projects such as green finance. In all
our work, we are guided by the question:
how can we best meet the financing BANK LOANS MADE TO NON-
needs of the economy? FINANCIAL COMPANIES IN 2016
Four-fifths of company financing
in Europe comes from bank loans, the full range of funding opportunities
(including risk finance) as they go up

43
supporting new investments and the
growth of millions of companies. In the the ‘ladder’ – especially if we want them
face of a difficult decade for the global to stay in Europe and create the world
economy, the European banking sector brands of tomorrow.
REGISTERED PATENTS “IN THE FACE OF A DIFFICULT DECADE FOR has proven to be strong and resilient; Banking in the 21st century requires
AND TRADEMARKS THE GLOBAL ECONOMY, THE EUROPEAN loans to non-financial companies have a new approach. To shape the future, we
BANKING SECTOR HAS PROVEN TO BE risen above €10trn last year and continue are looking ahead. Our aim is to provide
STRONG AND RESILIENT” to show a positive trend. tailored, dynamic funding possibilities
And it is not just about loans. that bring together the traditional
Whether it is for managing risks through advantages of client and market
complex products, supporting corporate knowledge and local presence with
restructuring or helping clients access new digital solutions.

17%
2-YEAR JOB Providing the right capital means
GROWTH “WE STRONGLY FEEL THE NEED enabling all companies, including fast-

19%
FOR SME GROWTH… SMALL growth SMEs, to hire talented people,
invest in research and technology, and
3-YEAR COMPOUND AND GROWING COMPANIES
expand internationally. In the end, access
ANNUAL GROWTH SUCH AS THOSE FEATURED
to finance is about realising our potential
RATE IN THIS PUBLICATION HAVE to grow. True to their historical mission,
A SPECIAL PLACE IN THE Europe’s banks want to stay invested in
FUTURE OF EUROPE” the European economy and its citizens.

32 33
COUNTRY OVERVIEW EXPERT COMMENTARY

1000 COMPANIES
NETHERLANDS SNAPSHOT
INTEGRATING EUROPE’S
THE NETHERLANDS HAS 50 COMPANIES LISTED THAT HAVE AN
AVERAGE REVENUE OF €72M. FOR A FULL LIST OF COMPANIES FROM
BUSINESS COMMUNITIES
CORA VAN NIEUWENHUIZEN MEP AN INTEGRATED EUROPEAN MARKET IS THE ONLY WAY

€72M
THE NETHERLANDS, TURN TO PAGE 137 MEMBER, ECONOMIC AND MONETARY AFFAIRS EUROPEAN FIRMS CAN TRULY SUPPORT INNOVATION
COMMITTEE, EUROPEAN PARLIAMENT, ALDE
AND GROWTH, AND COMPETE ON THE GLOBAL STAGE
AVERAGE
REVENUE
The EU Capital Markets Union (CMU) in our report on what the EU CMU can do
aims to create a deeper and wider single for fintech, is that regulation needs to
NUMBER OF capital market in Europe, rather than facilitate innovation rather then frustrate
COMPANIES the 28 fragmented markets we have it. Creative newcomers need more space.

50
today. Since the previous edition of 1000 And they need fewer hurdles, but also
Companies to Inspire Europe, we in the room for experimenting.
European Parliament have passed a Fintech will specifically create new
number of significant issues that will help business models within one of the most
further integration, and in turn hopefully heavily regulated and complex industries:
PROFESSIONAL facilitate growth in the real economy. finance. But in addition, it is important to
SERVICES When it comes to innovation, the

2
financial industry has a real challenge “FINTECH WILL OFFER
ahead. Especially where banks are STARTUPS AND SMES MORE
MANUFACTURING concerned, we are still talking too much POSSIBILITIES TO FINANCE
& ENGINEERING about the consequences of the crisis THEIR PROJECTS AND
COMPANIES and the threats that may still face us. COMPANIES”

6
However, we should focus instead on the
innovative future of banks and financial realise that it will also offer startups and
institutions. This will also be of enormous SMEs more possibilities to finance their
influence on SMEs and consumers and projects and companies. It is important
the way these can organise their finances that this potential is unleashed, in close

88
in the future. conjunction with the development of all
Things are developing fast. Worldwide other channels of capital on the startup
investment in fintech in 2015 was funding ladder.
$19bn, up from $1.5bn five years earlier. But to close the circle, these new
REGISTERED “REGULATION NEEDS TO FACILITATE Brussels, but also the EU financial centres fintech innovators themselves will also
TRADEMARKS INNOVATION RATHER THAN FRUSTRATE IT. and governments in London, Frankfurt, need to be funded. That is yet another
CREATIVE NEWCOMERS NEED MORE SPACE Amsterdam and elsewhere, need to keep reason that the report you are currently
AND ROOM FOR EXPERIMENTING” up with this. reading is so important.
One conclusion that we have drawn 1000 Companies to Inspire Europe
from this in the European Parliament, continues to be an important reflection of

$19bn
the creativity of European entrepreneurs,
something incredibly important, which

73%
we politicians must continue to nurture
FOOD & DRINK and support. As MEPs, we will do our best
COMPANIES WORLDWIDE INVESTMENT to ensure the right environment for them

6
2-YEAR JOB IN FINTECH IN 2015 to thrive and support all of Europe in its
GROWTH 3-YEAR COMPOUND
economic recovery.
ANNUAL GROWTH

9% RATE

34 35
FOOD & DRINK SECTOR
AT A GLANCE

2%
IN A WORLD WHERE PREDICTED GROWTH
IN BEER MARKET TO
DIETARY CONCERNS 2020

ARE A CONSTANT, AND 2x
EU EXPORTS HAVE
TRADITIONAL WAYS OF DOUBLED IN THE
PAST 10 YEARS, TO
OVER €90 BILLION
EATING ARE IN A STATE 286,000
OF FLUX, IT IS THOSE FOOD & DRINK
COMPANIES IN THE
COMPANIES POSITIONED EU, 99% OF WHICH
ARE SMEs

TO IDENTIFY FUTURE IN THIS SECTION
Angel Velasco, owner of

TRENDS THAT ARE THE Torrons Vicens, explains
why constant innovation is

MOST LIKELY TO SUCCEED
the key to staying ahead
of the competition,
a theme that also
resonates for Alion,
Artisan Finnebrogue
and Vega Salmon

Sources: Research and
Markets, European
Commission,
FoodDrinkEurope

36 37
400
FOOD & DRINK

WHET YOUR
APPETITE Different types of
nougats and chocolates
THE FOOD & DRINK MARKET IS MUCH MORE FLEXIBLE A TASTE OF are produced and sold
AND FLUID THAN IT IS SOMETIMES GIVEN CREDIT
FOR – FOR EXAMPLE PASTA SALES IN ITALY ARE
SUCCESS by Torrons Vicens
DECLINING, SOMETHING THAT MIGHT SEEM HIGHLY Torrons Vicens
www.vicens.com
UNLIKELY. HOWEVER, DEMAND FOR MORE ORGANIC
Sector: Food & Drink
FOODS IS ON AN UPWARD CURVE ACROSS THE ENTIRE Country: Spain Torrons Vicens sets
EU. DETERMINED AND DYNAMIC COMPANIES THAT ARE great store by its

E stablished in 1775 in the small town of traditional methods of
CAPABLE OF ADAPTING LOOK SET TO TAKE ADVANTAGE Lleida in Catalonia, Torrons Vicens produces
production, but at the
same time is always
OF A SEA-CHANGE IN CONSUMERS’ APPROACH TO DIET nougats and chocolates using artisanal and seeking to expand its
AND WELL-BEING, AND TO CONTINUE THE SECTOR’S traditional methods. ranges of nougats and
“We produce over 400 types of turrons chocolates
IMPRESSIVE GROWTH [nougats] and chocolates and sell them through
three main channels,” explains Angel Velasco,
who owns and manages the business with his
son, Angel Velasco Herrero. “We have more than
40 retail stores in popular tourist spots across
France, Spain and the United Arab Emirates, and
we export to distributors and specialty stores
around the world.”
At the heart of the family-run business is
tradition, quality, innovation and service. “We
follow the same recipe and original processes
generation after generation – since the very
beginning,” says Angel. “And we only use the
best-quality natural ingredients to get the
most genuine taste.”
Innovation cuts right across Torrons Vicens;
constant attention is paid to improving product
packaging, while the retail stores are frequently
updated to ensure the best possible customer
service. This commitment has helped the
company through the recent economic down-
turn and resulted in a new range of products.
“Our continuous growth during the last few “Our continuous growth
years is the result of our product innovation,
our expanding network of shops and the during the last few years
is the result of our product
international projection of the brand with the
target of transforming the product from a
seasonal to a year-round one,” explains Angel.
Central to all this has been a strategic innovation, our expanding
collaboration between the company and the
prestigious chef Albert Adrià, which began in network of shops and the
2013 and which has produced the new product
line ‘Nature’.
international projection
“With this line, we have transformed nougat
into a dessert,” says Angel. “We have combined
of the brand”
high-end gastronomy with the Agramunt Angel Velasco, owner/manager, Torrons Vicens
nougat tradition, resulting in original
and high-quality nougats.”

38 39
FOOD & DRINK

SALAD DAYS THE QUEST FOR QUALITY
F ounded by Theodoros Zavos and his cousin Panikos Papaloizou in
1990, Alion grows, processes, packs and supplies fresh herbs, salads
and leafy vegetables to no fewer than 25 countries around the world.
E ver since its humble beginnings
selling pizza from the back of a small
van in Ireland, Artisan Finnebrogue has
it the best it can be without being bound
by the way it has always been done,” says
Denis Lynn, chairman of the company. Aside
“We strive for excellence by listening to our customers, sharing views championed high-quality, sustainably from the sourcing of the meat, he notes, the
with our staff and learning from our mistakes,” explains the company’s www.alionveg.com sourced food products. Now, with more company has developed a unique method of
Sector: Food & Drink www.finnebrogue.com
CEO Theodoros Zavos. than 300 employees, the company has locking in the succulence and flavour,
Country: Cyprus Sector: Food & Drink
“We follow the developments within our industry closely, and establish become something of a torchbearer for the creating produce that has become a runaway
Country: Ireland
in our practices whatever we can to offer extra value to the services and food industry, crafting artisan produce that success. In just over four years, Artisan
products we provide to our esteemed customers in Cyprus, and the 25 prioritises animal welfare, proper stewardship Finnebrogue has watched its business grow
countries to which we export.” of the land and employee satisfaction. from £12 million to £50 million.
It’s this dedication – combined with “endless passion, hard work and “We always look at what is wrong in the As well as a solid business model that sees
love for what we are doing” – that Theodoros believes is the key to Alion’s world of food and figure out how we can make the company working with retail customers

“We constantly invest in the innovation
of new products, new packaging, in
our people and in machinery”

From its Cyprus base, Artisan Finnebrogue
Alion now exports to focuses on animal
25 different countries husbandry as much as
around the world top-quality produce

The company also sets
great store in providing
The company’s range a first-class working
of fresh herb products environment for staff

4000m 2
£50m
success. That, and the firm’s commitment to innovation. In 2008, Alion on own label products, Artisan Finnebrogue is
opened a state-of-the-art 4000m² packing facility in the village of Pera set on ensuring that whatever it produces is
Chorio, Nisou. as inclusive as possible, by removing allergens
“We constantly invest in the innovation of new products, new where it can.
packaging, in our people and in machinery,” adds Theodoros. “Our business values have always led our
One such example is the company’s range of ready-made salads – an strategy of making sure we innovate; that we
innovative solution developed as a response to the economic downturn, Size of Alion’s state-of- always have the best-quality product in the
which saw increased competition as more people moved into farming
and exporting. “We moved our trade to the high-value product solutions
the-art packing facility markets we play in, and that we never lose
sight of our consumer and their demands,” Current size of the
through processing in order to achieve competitiveness,” explains in Pera Chorio, Nisou Denis says. The plan for the coming three-to- business, up from
Theodoros. “We created a strong local market by providing ready-made five years is to continue the strong growth of
salad in an innovative way that has been an ongoing great success.” the past four years and diversify further into £12m just four years ago
Now the plan is to keep building on that success, and keep building on different food categories.
its reputation as a reliable, family-run and pioneering enterprise. It’s the drive to continually expand and
Theodoros hopes to see Alion remain a “high-quality produce innovate, while remaining true to its core
company that is both environmentally friendly and one of the best principles, that looks likely to ensure Artisan
companies to work for”. Finnebrogue remains the industry leader it
has already come to be.

40 41
FOOD & DRINK COUNTRY OVERVIEW

CATCH OF THE DAY 1000 COMPANIES
H
CROATIA SNAPSHOT
eadquartered in the Danish seaport town of Kolding, Vega Salmon is a
high-end salmon processor committed to delivering fine seafood from
Nordic waters to the rest of the world.

€62M
“We are on a mission to deliver tasty and natural seafood,” explains
Michael Budtz Berthelsen, CEO, Vega Salmon. “We see ourselves as a www.vegasalmon.dk
partner for business, people and the planet. Throughout the value chain Sector: Food & Drink
CROATIA’S LISTED COMPANIES HAVE AN AVERAGE REVENUE
we conduct a zero-tolerance policy in terms of quality, food safety and Country: Denmark OF ALMOST €62M. FOR A FULL LIST OF COMPANIES FROM CROATIA,
sustainability. AVERAGE
“We collaborate with our suppliers, the farms and the harvest stations
TURN TO PAGE 118 REVENUE
to improve standards and get closer to nature – day by day. Our products
are sold under private-label brands and our own Vega brands, and in all
our partnerships we strive to be a genuine partner for profit.”

5
NUMBER OF
FOOD & DRINK
COMPANIES
COMPANIES

2
1
MANUFACTURING
& ENGINEERING
COMPANY
The fjords of Norway
provide the main
source of Vega
Salmon’s raw supplies

The firm operates the
“We are on a mission to deliver highest possible levels
of hygiene, with a
tasty and natural seafood”
27%
focus on sustainability

40,000
This policy drives everything Vega Salmon does and is key to the firm’s
success. “Our constant focus is on quality and flexibility. We only buy raw 3-YEAR COMPOUND
salmon from approved suppliers, mainly in Norway,” says Michael. ANNUAL GROWTH
Vega Salmon now processes more than 40,000 tonnes of raw material RATE
every year at its 12,000m2 plant in Handewitt, Germany. The factory
is one of the most technologically advanced facilities of its kind and is
incredibly efficient.
“The new factory is designed for the highest level of hygiene,” adds
tonnes of raw material 2-YEAR JOB
Jacob Tidemand, QA Senior Vice-President. “The production is physically processed every year at GROWTH
separated in three hygiene zones with sluices, control of staff, colour
Vega Salmon’s factory
coded working clothes and more.”
Ensuring hygiene, efficiency and sustainability is paramount for
everyone at Vega Salmon, as Lone Hollensen, the firm’s marketing
manager, explains: “In the last couple of years consumers have become
in Handewitt, Germany 4%
more focused on environment and sustainability. This new trend has
been an opportunity for Vega Salmon, which already meets top-level
certifications and specification that includes IFS, MSC, ASC, OU Kosher,
among others.”

42 43
MANUFACTURING & ENGINEERING SECTOR
AT A GLANCE

22 MILLION
THROUGHOUT EUROPE, JOBS IN THE
MANUFACTURING
THE MANUFACTURING AND SECTOR IN THE EU

ENGINEERING SECTOR IS 15.4%
OF TOTAL
STILL RECOVERING SLOWLY EMPLOYMENT
ACROSS THE
EU IS IN THE
FROM THE ECONOMIC MANUFACTURING
SECTOR
CRISIS. BUT A WIDE 21%
RANGE OF OPPORTUNITIES OF THE EU’S GDP IS
PROVIDED BY THE

NEVERTHELESS EXISTS FOR
MANUFACTURING
SECTOR

MANUFACTURERS WHO IN THIS SECTION
Aerogen CEO John Power

POSITION THEMSELVES
on how the company
developed from premises
above a shop into a multi-

STRATEGICALLY AND national, award-winning
business. And Michael

MANAGE THE RISKS
Collins, chief executive of
Invest Europe, explains
how private equity can
play a vital role in the
development of SMEs

Sources: Industry Forum,
Eurostat, European
Commission
MANUFACTURING & ENGINEERING

OPPORTUNITIES
AWAIT
COMPETITIVENESS IN THE MANUFACTURING AND YOU CAN BREATHE
ENGINEERING SECTOR IS BEING TACKLED HEAD-
ON BY THE EUROPE 2020 INITIATIVE, WHICH WILL
MORE EASILY NOW
CONCENTRATE MARKET FOCUS ON R&D PROJECTS, Aerogen
www.aerogen.com
INCLUDING LARGE-SCALE DEMONSTRATORS AND TEST
Sector: Manufacturing
FACILITIES, AND POST-R&D COMMERCIALISATION Country: Ireland
SUPPORT. WHICHEVER OF THE MYRIAD SUB- Aerogen has developed

SECTORS THEY OPERATE IN, MANUFACTURING AND
ENGINEERING COMPANIES THAT REMAIN AGILE AND
M edical device pioneer Aerogen has come
a long way since its humble beginnings as
a start-up working above a butcher’s shop
from the humblest of
beginnings above a
shop into a worldwide
business whose
OPEN TO INVESTING IN NEW IDEAS AND TECHNOLOGY in western Ireland. products are used by
“That was 1997,” explains John Power, over five million people
ARE LIKELY TO BE AT THE FOREFRONT OF THE MARKET the firm’s CEO, who was crowned European
Entrepreneur of the Year by the European
Business Awards in 2015/2016.
“Today, we’re the world-leading manufacturer
and distributor of high-performance aerosol
drug delivery systems for hospitals, and our
products have treated over five million critically
ill patients in 75 countries around the world.”
The impressive figures don’t stop there, either.
Aerogen’s records show eight years of 30%+
compound annual growth despite the
economic downturn. John attributes this
phenomenal success to a combination of
branding and partnerships.
“We’ve grown the business by driving our
presence and brand broad and deep across our
market sector,” he says. “We are partnering with
some of the largest global healthcare OEMs
such as GE Healthcare, Philips and Medtronic,
who want to utilise our systems in collaboration
with their own equipment to deliver superior
patient outcomes.” These partnerships with
multinational leaders have enabled Aerogen “Our efficient systems
to create a diverse global presence.
have resulted in individual

75
The approach has helped Aerogen face off

hospitals recording
worldwide industry challenges too.
“Healthcare systems throughout the world
have come under increased pressures to save
costs,” says John. “Our efficient systems have savings worth hundreds
resulted in individual hospitals recording
savings in pharmaceutical bills worth hundreds of thousands of dollars
of thousands of dollars or euros while, most
importantly, delivering superior patient care.”
or euros while delivering
As for the future, innovation and growth
will remain at the company’s core and at the
The number of countries superior patient care”
heart of everything it does, says John. “We’ve in which Aerogen John Power, CEO, Aerogen
doubled our workforce every three years. We
are continuously evolving to ensure we have a
products are used to
greater impact in our market of acute care.” treat the critically ill
46 47
MANUFACTURING & ENGINEERING

JUST WHAT THE DOCTOR ORDERED BATTERY LIFE
E very day, the team at Bath ASU makes 2500 injectable medicines to
help NHS patients who are fighting cancer, in pain, living with chronic
disease or suffering from blood-borne infections. Bath ASU, founded
H eadquartered in Germany, BMZ Group
develops and produces high-tech battery
systems for a diverse range of applications.
USA, as well as offices in Japan and France.
With more than 20 years’ experience, and
over 2000 customers, the group implements
in 2000 at the University of Bath, began as an education and training www.bathasu.com “Our products are developed and produced around 250 new projects every year.
resource for students. Six years later, it became a commercial operation, Sector: Manufacturing according to customer requirements,” explains Sven puts the group’s extraordinary www.bmz-group.com/
winning a contract with the NHS and going on to achieve something Country: United Kingdom Sven Bauer, CEO and founder of BMZ Group. success down to several factors, with its Sector: Retail
Country: Germany
unique in the British pharmaceutical market: the launch of a patient- “They are used worldwide in electric uncompromising approach to research and
specific service to hospitals with turnaround times – two hours to make vehicles, e-bikes, energy storage systems, development, carried out by a skilled and
and ship a product – that have placed it well ahead of competitors. portable medical equipment, electric pruning committed workforce, topping the list.
Key to its success is a commitment to keep pushing the boundaries shears, drills and cordless screwdrivers.” “Customised lithium-ion system solutions
of what is achievable. “We invest heavily in R&D to maintain our product To supply such a demand, BMZ Group has are the key feature of BMZ Group,” explains
pipeline, in facilities to keep us at the leading edge in technology and production facilities in China, Poland and the Sven. “Our highly-skilled project managers,

Bath ASU’s Wiltshire CEO Sven Bauer
base is home to its says innovation and
innovative products sustainability are behind
and services BMZ Group’s success

Ongoing investment in Energy storage
“We invest heavily in R&D, in facilities its people is considered
a key aspect behind
systems are a major
part of the company’s
and in people development” the company’s growth product range

2500 20 %
in people development to improve productivity and flexibility,” says designers and developers are strong partners
Chris Watt, CEO of the company. “We have continually sought to bring in the entire development and production
innovations to products and services that are focused on increasing process: from drafting and the first functional
throughput in NHS clinics, while using our purchasing power to reduce samples to the necessary CE/UN/UL tests and
costs both for us and for customers.” mass production.”
It is the combination of these two factors that has enabled its customer Some 20% of the company’s employees
proposition to match the current needs of NHS trusts and helped to grow worldwide work in R&D, and the firm’s
demand for Bath ASU’s services, adds Chris. success is built on the high levels of quality,
With healthcare resources as stretched as they currently are Number of injectable flexibility and production expertise brought Percentage of BMZ
throughout the United Kingdom, the need for hospitals and clinics
to depend on reliable and efficient ancillary products is crucial.
medicines produced to projects and services. “It ensures we deliver
innovations and short lead times,” adds Sven.
Group’s employees
Chris believes the model that Bath ASU has honed over nearly by Bath ASU every day As for the future, Sven says: “Our employees who work in research
two decades in operation is one that other emerging companies work enthusiastically on products that help and development
would do well to follow. promote electric vehicles and the use of
“Pick a market that is growing and focus relentlessly on building a photovoltaics. Our products help conserve
value proposition that matches your market’s current needs,” he says. resources and reduce CO2 emissions as well as
And, most importantly, “...never believe you have finished.” noise emissions. This is how we contribute to
a more sustainable development.”

48 49
MANUFACTURING & ENGINEERING COUNTRY OVERVIEW

PACKING A PUNCH 1000 COMPANIES
F ounded in 1996 with just two employees, De Jong Packaging now
employs 350 people making 250 million corrugated cardboard
packages per year. The firm’s success is driven by a combination of
ITALY SNAPSHOT €66M
family values, flexibility and the boom in e-commerce, according to AVERAGE
www.dejongverpakking.com
Tony Robertson, UK sales manager. REVENUE
“We are flexible and have a no-nonsense mentality,” explains Tony. Sector: Manufacturing ITALY’S 110 LISTED COMPANIES COME FROM ACROSS A WIDE
Country: The Netherlands
“We are a 100% family-owned company and not part of an international GEOGRAPHICAL SPREAD, WITH AN AVERAGE REVENUE OF MORE THAN
group, so we have no need for long discussions about investments or
future plans.”
€66M. FOR A FULL LIST OF COMPANIES FROM ITALY, TURN TO PAGE 133
This strong-willed and can-do approach saw the firm build one of
the largest factories of its kind in Europe, with two corrugators and
12 converting machines. FOOD & DRINK
COMPANIES

14

47
De Jong Packaging
boasts one of the
318
REGISTERED
MANUFACTURING
& ENGINEERING
COMPANIES
largest factories of
its type in Europe TRADEMARKS
“Competitors were afraid to invest in
new machinery, but in 2007 we built The future is likely
our first corrugator and in 2016 we to see a wider range
of colours and styles
installed the second one.” employed in packaging

250 m 110
“Competitors were afraid to invest in new machinery, but in 2007 we
built our first corrugator and in 2016 we installed the second one. Now we
have the biggest plant in the region,” adds Tony.
It’s not all been plain sailing, however. The fall in sterling has had 2-YEAR JOB NUMBER OF
repercussions for the company, which began doing business in the
GROWTH COMPANIES
UK in 2015.

54%
“We had an exchange rate advance when we started our company in
the UK,” explains Tony. “In the last two years, the value decreased, so we
corrugated cardboard
219%
had to come up with innovative packaging, fast deliveries and other ways
to keep competitive on price.”
Despite this, De Jong Packaging plans to expand in the UK, which is
packages are made
considered a focus market for the business. each year by De Jong
3-YEAR COMPOUND
Other growth areas include sustainable packaging as well as Packaging ANNUAL GROWTH
colourful, printed packaging.
“E-commerce is booming and almost everything sent out by online RATE
retailers is packed in a box,” says Tony. “Companies look to stand out from
the crowd with their box, so next to growth in this sector we look to more
colourful designs and prints.”

50 51
MANUFACTURING & ENGINEERING COUNTRY OVERVIEW

LOOM WITH A VIEW 1000 COMPANIES
F
LUXEMBOURG SNAPSHOT
ounded in 1956 with just 12 looms, Hispano Tex has grown from
a small, family-run textile business into a family-owned group of
companies supplying retail giants around the world.
“We own several plants in Spain dedicated to weaving, dyeing, printing
and finishing fabrics that will be used to manufacture curtains, pillows, www.hispanotex.com
sofas and more,” says Víctor Melul, managing director at Hispano Tex SAU. Sector: Manufacturing LUXEMBOURG HAS FIVE COMPANIES IN THIS REPORT. FOR A FULL LIST OF
Country: Spain
“We are dedicated to producing woven textiles for home decoration.” COMPANIES FROM LUXEMBOURG, TURN TO PAGE 137
Víctor puts the firm’s enormous success down to the team’s unwavering
commitment to consistency and innovation. “We are constant and reliable
with our business and clients, while we regularly invest money and effort
in order to innovate in design, technical fabrics, finishing machinery and
service to clients,” he explains. “This is how we can be an official supplier

5
NUMBER OF
COMPANIES €50M
AVERAGE
REVENUE

Hispano Tex started
small but has scaled
up significantly and
successfully

PROFESSIONAL
“We regularly invest money and effort The company now SERVICES
in design, technical fabrics, finishing supplies global COMPANIES

2
retailers as well as
machinery and service to clients” SMEs around the world

1956
to a global company like IKEA.”
It’s not just global brands that Hispano Tex works with; the firm has
diversified its offering by supplying domestic retailers as well as small-

10 %
and medium-size manufacturers around the world. By exporting beyond
Spain and Europe, Hispano Tex has been able to endure the recent period
of economic crisis while maintaining its focus on innovation.
“Supplying to global clients while keeping up with European retailers
such as Kwantum, Heytens, Eurokangas and Eurofirany is what is 3-YEAR COMPOUND
generating the biggest business opportunities in recent years,” explains Year in which Hispano ANNUAL GROWTH
Victor. “It is also obliging us to invest in new technology and implement it Tex was founded, 2-YEAR JOB RATE
faster, as well as directing our business process towards service to
all our clients.” starting with just GROWTH
12 looms
9 %
Now the focus is on maintaining this growth. The firm now has a fully
dedicated marketing department and plans to expand its workforce even
further. “More business needs more people to handle it and these are our
growing pains right now,” explains Víctor. “We need to find the right people
to manage each new business area.”

52 53
MANUFACTURING & ENGINEERING COUNTRY OVERVIEW

LOOKS GOOD ON PAPER 1000 COMPANIES
F
SWEDEN SNAPSHOT
ounded in 1948 and headquartered in the Tuscan city of Lucca,
Toscotec designs and manufactures machines, systems and
components for the production of tissue, paper and board.
www.toscotec.com
“We offer proprietary solutions to the world’s leading paper industries –
Sector: Manufacturing
from complete production lines to rebuilds, modernisation projects and
even single components,” explains Alessandro Menucci, CEO.
Country: Italy 30 SWEDISH COMPANIES LISTED IN THE REPORT HAVE AN AVERAGE
REVENUE OF MORE THAN €60M. FOR A FULL LIST OF COMPANIES FROM

€61M
By drawing on experience gained in the field, particularly in the supply
of complete turnkey plants, Toscotec’s team works to optimise the plant
production process and minimise the costs incurred by customers.
SWEDEN, TURN TO PAGE 143
“And with this comes a special focus on environmental and energy-saving
issues,” adds Alessandro. AVERAGE
So much so that, with the cost of energy increasing dramatically in REVENUE

30
NUMBER OF
COMPANIES

MANUFACTURING
& ENGINEERING
COMPANIES
For nearly 70 years
Toscotec has served
the world’s leading
REGISTERED
TRADEMARKS 4
93
paper industries

The company has
“We understood how important thrived by constantly
adapting to changing
after-sales can be to the customer” industry requirements

180 +
recent years, Toscotec has concentrated its efforts on the development

85%
of innovative solutions, “...which guarantee high energy savings and
maximum production efficiency, making it a win-win in the market.”
Alessandro believes that it’s this focus on, and commitment to, 2-YEAR JOB
innovation that’s driven Toscotec to the world-leading position it now GROWTH 3-YEAR COMPOUND

130%
holds. The CEO attributes the firm’s success to “...know-how, production
excellence, respect for people and ongoing research into the best ANNUAL GROWTH
solutions to achieve customer satisfaction by anticipating needs,” RATE
all of which are Toscotec’s key values. Size of workforce at
“We acquired market share by occupying the spaces of those
competitors who were unable to understand the renewed needs of paper
Toscotec’s headquarters
makers,” explains Alessandro. “We also understood how important after- in Lucca, Italy
sales can be to the customer. We have created a service for all needs
regarding the maintenance and good functioning of the plants.”
Toscotec’s Group CFO Davide Raviola says: “Europe is not a place for
low-cost production. Its quality and innovative solutions are widely
recognised, particularly in our sector.” He believes that further stimulus –
such as grants – should be awarded to companies that are active in R&D.

54 55
MANUFACTURING & ENGINEERING

EGG-CELLENCE IN MOTION KEEPING UP APPEARANCES
S wedish car manufacturer Koenigsegg is a world-leader when it comes
to sports car innovation.
“Our cars are designed to offer the ultimate in performance, combining
B ased in the stunning capital city of
Vilnius, Staticus is one of the largest
façade contractors in Northern Europe.
“The main feature of such a system is that the
façade elements and fillings are prefabricated
in the factory and afterwards simply installed www.staticus.com
advanced materials for low weight, with engine and suspension The pioneering Lithuanian company to the building structure on site.” Sector: Manufacturing & engineering
technology more akin to racing cars than a typical road car,” explains specialises in producing environmentally Thanks to this process, almost no job is too Country: Lithuania
Christian von Koenigsegg, who founded the company in 1994 when he friendly and sustainable products, such big or too small for the firm. “The dimensions
was just 22 years old. as unitised façade systems design, and of the elements are limited only by the
So advanced are the cars that each one is built to order, by hand, in the production and installation of tailored transportation capacity,” explains Jolanta.
www.koenigsegg.com
the company’s artisan factory in Ängelholm, Sweden, and only 15–20 are aluminium-glass façade constructions. This innovative and flexible approach, which
Sector: Manufacturing
built per year. It’s this highly focused vision and “unyielding tenacity” to “Our main product in recent years is involves partnering with the client on special-
Country: Sweden
which Christian attributes the firm’s success. unitised façade systems,” explains Jolanta order designs, is central to the firm’s success.
“To succeed in a highly specialised market you need a vision that offers Čiasaitė, marketing manager for Staticus. “Partnership and innovations are the main

Koenigsegg’s beautiful The multi-coloured
cars are made to order, Kuggen, part of the
by hand, so each is a Chalmers University of
work of art Technology in Gothenburg

“You need a willingness to risk Both design and The Apply Serco offices
everything and people with the talent technology are more
akin to a racing car
in Norway employs
multi-transomed and
to see your vision become real” than a road car ventilated facades

15-20 2 x
something unique and an iron-clad will to see that vision come to life,” forces to grow the success in the façades
says the entrepreneur. business,” she says. “Our USP is the ability to
“You need a willingness to risk everything. More than that, however, you create and implement non-standard designs,
need people with the talent to see your vision become real.” or invent completely new technical and
The latest vision brought to life by Christian and the team is the Regera. architectural solutions.”
The ‘hypercar’ combines racing-spec electrical power with Koenigsegg’s Staticus is now looking to strengthen
twin-turbo V8 to produce a staggering 1500hp – and the firm now has a its position in Norway, Sweden and the UK,
two-vehicle range for the first time as a result. and to break into more markets. To support
“The US recovery gave us the confidence to expand our model range Number of cars made by this expansion, the company is investing Amount by which
and boost our production rate to meet demand,” explains Christian. “The
re-emergence of the American market after the global financial crisis
Koenigsegg each year in the reconstruction of part of its
industrial premises.
Staticus’s annual
provided fantastic opportunities for us.” “Investment is a vital development stage turnover increased
As for the future, Christian cites automation, electrification, the for the company to pursue higher productivity from 2009–2014
environment and less car-friendly cities as challenges facing the and greater production capacities,” explains
industry. But with challenges come opportunities and Koenigsegg has Jolanta. “Investments will address the
been working within the fields of electrification and automaton for digitalisation of processes and these changes
several years. “It’s a very exciting time when you consider all that can will ensure productivity growth and will allow
be achieved,” adds Christian. successful competition in key markets.”

56 57
EXPERT COMMENTARY COUNTRY OVERVIEW

BACKING 1000 COMPANIES
FRANCE SNAPSHOT
EUROPE’S SMES WITH A LARGE GEOGRAPHICAL SPREAD, 150 FRENCH COMPANIES HAVE MADE
IT INTO THIS REPORT, WITH 571 REGISTERED TRADEMARKS. FOR A FULL LIST
MICHAEL COLLINS SMES ARE THE BACKBONE OF THE EUROPEAN ECONOMY,
CEO, INVEST EUROPE OF COMPANIES FROM FRANCE, TURN TO PAGE 120
AND PRIVATE EQUITY PLAYS A CENTRAL ROLE IN
SUPPORTING THEIR DEVELOPMENT

NUMBER OF
€45M
As the voice of European private capital, into young companies and encourage AVERAGE
Invest Europe recognises the challenges more innovation in Europe. COMPANIES REVENUE

150
that businesses face as they seek to grow. Private equity’s commitment to SMEs
On behalf of our members, I applaud the does not stop at capital and operational
businesses feature in this year’s 1000 improvement. Managers drive responsible
Companies to Inspire Europe for their investment, promoting advances on
achievements. environmental, social and governance
When companies like those in this issues. These help businesses not only to
report need capital, private equity and deliver financial returns for investors, but
venture capital can be a critical source also to be conscious of – and manage –
of funding. In 2016, according to Invest their wider impacts.
Europe’s research, European private Better businesses, higher employment,
equity invested €53.7 billion into almost stronger growth and responsibility are at
6,000 companies, 83% of which were

€400bn
SMEs.
Since 2008, private equity has invested

36%
€400 billion into 35,000 European
companies. As companies have faced AMOUNT PRIVATE EQUITY HAS
challenges securing finance, private INVESTED IN COMPANIES IN
equity has been part of the solution, EUROPE SINCE 2008
connecting large institutional investors 3-YEAR COMPOUND
with capital to deploy and SMEs that the heart of private equity’s contribution. ANNUAL GROWTH
need investment. Like the businesses highlighted in this RATE
One reason private equity is so report, we need the right underlying
important – and differentiated from other conditions for business and investment
“PRIVATE EQUITY FIRMS PROVIDE BUSINESS forms of finance – is that investment to prosper and a level playing field for all
EXPERTISE, MARKET INSIGHT, PROFESSIONAL managers provide much more than companies and investors. We use all the
NETWORKS, IDEAS AND PRACTICAL KNOW- just funding to companies. Private tools at our disposal to get that message
HOW THAT RESULT IN BUSINESSES BEING equity firms provide business expertise, across – public affairs engagement,
BETTER EQUIPPED FOR GLOBAL SUCCESS” market insight, established professional world-class data, promotional activities 2-YEAR JOB
networks, ideas and practical know-how and events, such as Invest Week, which GROWTH

36%
that results in businesses being better speak directly to policymakers, investors,
equipped for global success, whatever the opinion formers and entrepreneurs.
political or macro-economic backdrop. The companies listed in this report
The European Commission has show what can be achieved when
recognised the critical role of private investment, skills and ideas are aligned. REGISTERED
equity to SMEs in its Capital Markets They serve as encouragement to us all TRADEMARKS

571
Union programme. New measures, that Europe’s SMEs have a bright future.
such as a venture capital fund of funds, With our support they can help to build a
will increase the flow of investment strong, sustainable European economy.

58 59
CONSUMER SERVICES

CONSUMER SERVICES SECTOR
AT A GLANCE

5.1 MILLION
INCREASING NUMBERS OF CHILDREN WERE
BORN IN THE EU
PEOPLE WORK TO LIVE RATHER IN 2015

THAN LIVE TO WORK, AND AS 15%
OF EU CITIZENS
THEY SEEK TO ESTABLISH THE PURCHASED GOODS
OR SERVICES
ONLINE FROM
CORRECT WORK-LIFE BALANCE, SELLERS OUTSIDE
THEIR COUNTRY
COMMENSURATE DEMAND OF RESIDENCE BUT
WITHIN THE EU
FOR CONSUMER AND LEISURE 10 MILLION
SERVICES INCREASES, LEAVING
PEOPLE WITHIN THE
EU ARE ESTIMATED
TO CLIMB
OPPORTUNITIES FOR A RANGE REGULARLY, WITH
NEARLY 40% UNDER
OF LIFESTYLE BRANDS AND 18 AND OVER 40%
WOMEN OR GIRLS

BUSINESSES TO CAPITALISE ON IN THIS SECTION
Anders Ludvig, CEO of
textile manufacturer
Ludvig Svensson, on
why he believes hiring
local people is the key to
his company’s success.
Plus Madeleen Klaasen,
chief marketing officer
at Bugaboo, on how
innovation drives the
company forward

Sources: Eurostat,
ecommerce-europe,
International Federation
of Sport Climbing

60 61
CONSUMER SERVICES

GETTING A WORK-LIFE
BALANCE
THE ABILITY TO COMMUNICATE, WORK AS PART OF GLOBAL REACH,
A TEAM, BE PROFESSIONAL BUT APPROACHABLE,
FLEXIBLE AND POSITIVE – OR ‘SOFT SKILLS’ AS THEY
LOCAL KNOWLEDGE
ARE COLLECTIVELY KNOWN – ARE HIGHLY VALUED Ludvig Svensson
www.ludvigsvensson.com
THESE DAYS AS THE INCREASING DEMAND FOR A
Sector: Consumer services
CERTAIN LEVEL OF CONSUMER SERVICE CAN BE Country: Sweden
SEEN THROUGHOUT EUROPE. WITH MANUFACTURING
L udvig Svensson has a simple motivation: Ludvig Svensson is
AND TECHNOLOGY INCREASINGLY LOOKING TO to create better climates for people and
as passionate about
leaving the planet in
OUTSOURCE OR ROBOTISE, THE CONSUMER SERVICES plants. The Swedish company manufactures a better state than it
SECTOR IS SET TO BECOME A DOMINANT PART OF THE textiles of all designs and for all purposes – found it as it is about
from upholstery for much-loved public spaces the textiles it produces
ECONOMIES OF MANY EUROPEAN COUNTRIES to climate screens for greenhouses, though
the company specialises in contract and
horticultural applications.
For Anders Ludvig, CEO of the company, its
goal is the same today as it was when it began
more than a century ago. “It’s an obligation and
a privilege to leave something better behind for
the next generation,” he says.
Part of that guiding philosophy is down to
the heritage of the company, which despite the
passing of the decades remains family-run, and
is therefore oriented towards ensuring a secure
future for both its employees and its customers.
Its success comes down to a deep respect
for the local, explains Anders. “We have a
philosophy that’s a bit different from other
international companies. We’ve seen our
greatest success when we have only local
people in our offices in other countries. When
we’re doing well, it is because we have a good
connection on the ground in the countries
where we operate.”
For a company dependent on the horticulture “When we’re doing well,
industry, it hasn’t always been an easy ride.
it is because we have a

83 %
The sector was hit hard by the financial crisis

good connection on the
of 2008 and it’s only in the last three years that
it has begun to bounce back in a big way.
Now, says Anders, Ludvig Svensson is on the
frontline of the global textile market, and in ground in the countries
particular, its expertise in developing innovative
and highly efficient climate screens is where its where we operate”
name is being made. Anders Ludvig, CEO, Ludvig Svensson
“The reason our company does what it does is
because it is our ambition to play a leading role
in the market. We’re one part in the global food
Proportion of Ludvig
supply chain; we want to make food production Svensson products
more efficient for future populations.”
which are exported
62 63
CONSUMER SERVICES

ROMANIA ON THE MOVE A BUG’S LIFE
A S
llview has a number of highly coveted claims to fame: it was the first ince opening its doors in 1999, Dutch As a result, Bugaboo’s products have
Romanian company to launch a tablet PC, and the first to develop a mobility company Bugaboo has become bestsellers the world over and are
Romanian-brand smartphone. It is perhaps no surprise, therefore, that it transformed the market for strollers, currently stocked in more than 50 countries.
is the country’s leading local mobile phone brand and has been able to www. Allview.ro pushchairs and luggage. Around 1300 people work for the company in www.bugaboo.com
quickly expand into the European market. Sector: Technology “Bugaboo believes that freedom of offices across Germany, the United Kingdom, Sector: Consumer services
“Ever since this company first started out, it has been our wish to give Country: Romania movement is essential to truly experience Italy, Spain, USA, France, Australia, South Country: The Netherlands
our users access to the latest technologies, to offer an equitable quality/ feeling free,” explains Madeleen Klaasen, Korea, Japan and Shanghai – as well as in its
price ratio and, last but not least, to continuously innovate,” says Lucian executive board member and Chief Marketing Amsterdam HQ and the Bugaboo factory in
Peticila, CEO of the company. Officer for Bugaboo International. Xiamen, China.
Its rapid growth has seen Allview enter markets in 20 European “It is our daily drive to design multi- Madeleen believes that it’s Bugaboo’s
countries, from Poland to Spain to Lithuania, propelled by a strong team functional products that make it easy for commitment to breaking new ground that has
of developers who have designed a user-friendly interface and equipped people to go out and discover the world.” guided the company through thick and thin.

“The biggest challenge
is to offer users the right
solutions for their needs”

Innovative and up-to- The iconic Bugaboo
date technology has Chameleon pushchair,
enabled Allview to stay Boxer luggage system
one step ahead of rivals and Jannissima bag

Mobile phones today The company’s family
require both the latest of pushchairs caters for
technical features and all shapes and sizes –
user-friendly operation and come in all colours

20 1300
their mobile phones with all the latest technical features. “Like many companies, we had to face the
Lucian says that it is crucial that the company keeps pace with the 2008 financial crisis, but we stuck to our core
rapid changes in technology that the mobile phone industry uses. Failure belief: innovation as a key business driver,”
to do so could see it lag behind its competitors. explains the CMO. “We invested in a new
“Technology is evolving at a very fast pace, which is why the biggest product, the Bugaboo Donkey, which changed
challenge is to continue to offer our users the right solutions for their the game for us and resulted in double-digit
communication needs,” he says. “We have been Google’s first partner growth numbers.”
in Romania and the Android operating system was one of our strongest Today, Bugaboo is stronger than ever and
achievements since the market launch of smartphones in 2008.” Number of European plans to grow its market share by intensifying Total number of people
Additionally, the company has kept a close eye on market trends,
spotting earlier than others how smartphone user habits change, and
countries in which consumer and trade marketing and updating
its existing models. As ever, innovation
who work for Bugaboo,
seeking to capitalise on these. Allview now operates remains at the heart of the business – not across 11 countries
“Naturally, we want an intuitive and easy experience for the users of only within product design, but also in the
company’s structure too.
around the world
the Allview products, and that is why our devices are created and
equipped taking these criteria into consideration,” Lucian says. “We are currently introducing a new digital
systems backbone that will help us provide
the best possible service for our customers,”
says Madeleen.

64 65
CONSUMER SERVICES COUNTRY OVERVIEW

HEAD START ON STYLE 1000 COMPANIES
F
GREECE SNAPSHOT
or more than half a century, Childrensalon has been making
youngsters look stylish. Since its inception in 1952, the Kent-based
company has become the world’s leading multi-brand retailer of luxury
designer children’s wear, distributing high-end brands including Gucci,
Stella McCartney, Dolce & Gabbana and others to 160 countries around
the world, and helping to define fashion trends among the young. www.childrensalon.com
GREECE’S 10 LISTED COMPANIES ARE RESPONSIBLE FOR 17
What’s more, the company has resolutely stayed a family-owned Sector: Consumer services REGISTERED TRADEMARKS. FOR A FULL LIST OF COMPANIES FROM
business. “Remaining independent and family-owned empowers us to Country: United Kingdom
innovate, learn and adopt new ideas very quickly,” says CEO Michele
GREECE, TURN TO PAGE 132
Harriman-Smith. “It also means that we can preserve our culture of
dressing children beautifully and of ‘People Before Profit’ which is always
at the forefront of how we treat our customers and employees.”

“Remaining independent empowers NUMBER OF
€42M
AVERAGE
COMPANIES
us to innovate, learn and adopt new
10
REVENUE
ideas very quickly”

Childrensalon
distributes designer
clothes for children
from high-end brands

Current CEO Michele
Harriman-Smith says
staying family-owned
has been an advantage

25
2 YEAR JOB
Key to Childrensalon’s success has been the development of a strong
GROWTH

36%
online presence. It has consistently kept ahead of the technology curve,
constantly progressing through innovation in e-commerce, logistics,
digital marketing content and data science.
“The rise of mobile has been a huge opportunity,” Michele notes. “We
constantly upgrade our user experience with sleek, seamless design and
state-of-the-art responsive technology.”
In order to ensure continued expansion, it has worked hard on
cultivating a team of more than 300 skilled professionals that between Number of languages
spoken by Childrensalon
17
them speak over 25 languages. From its humble beginnings as a small
boutique in Tunbridge Wells, where founder Sybil Harriman pleated and
staff, enabling it to
31%
smocked fabrics for children in the early 1950s, it now boasts an army of
web designers and UX architects, developers, data scientists, engineers,
editors, stylists, photographers and social media experts, all of whom are
export all over the world REGISTERED
TRADEMARKS
vital elements in the company’s ongoing success.
“Our expertise, care and commitment to the business will enable us to 3-YEAR COMPOUND
continue growing in key markets,” says Michele. “Our biggest challenge ANNUAL GROWTH
will be to keep true to our culture as we grow.” RATE

66 67
CONSUMER SERVICES

A SPORTING CHANCE WALL-TO-WALL HITS
T he consumers of today are more inclined than ever before to shop
for convenience – to visit superstores and shopping centres where
thousands of products are sold under one roof, rather than spend an
F ounded in 1998 and headquartered in
Sofia, Bulgaria, Walltopia is a world-leading
manufacturer of artificial climbing structures.
in the USA, UK, Canada, Germany, Austria,
Russia and Asia Pacific.
As well as the climbing walls, the firm
entire afternoon scouring a high street for that one item. That trend has www.tradeinn.com “Our core business is the design and designs and manufactures a wide range www.walltopia.com
evolved even further since the rise of internet shopping enabled people Sector: Consumer services production of climbing walls,” explains Mariya of active entertainment attractions. These Sector: Consumer services
to buy everything online. Country: Spain Vasileva, Chief Marketing Officer of Walltopia. include ropes courses (Ropetopia), interactive Country: Bulgaria and worldwide
Spanish company Tradeinn knows the degree to which shopping habits “We offer indoor and outdoor artificial climbing walls for children and young adults
have changed in recent years. Founded in 1997, before e-commerce really climbing structures for different facilities, (Fun Walls), obstacle courses (Ninja Course),
took off, it has sought to capitalise on these changes by offering products including gyms, schools, universities, hotels, and a new ride (Rollglider) which, Maria says,
from the most popular brands at the most competitive prices around, all shopping centres and recreational areas.” “...combines the feeling of zip-lining, hang-
at the click of a button. As a result, Walltopia now exports to more gliding and rollercoaster riding”.
“We build our business around customer satisfaction, offering the best than 50 different countries and has offices Mariya puts the company’s success down

The Tradeinn team Walltopia’s artificial
have built the business climbing structures
around ensuring can be adapted for any
customer satisfaction setting or environment

“We do everything we can to ensure The company supplies Colourful designs and
that the customer experience is fun over 700 brands,
totalling over half a
multiple levels of difficulty
are two of the company’s
and rewarding” million products signature themes

700 50
service possible,” says David Martin, CEO. “We take pride in delighting to the team’s unrelenting drive. “We seek
our customers and do everything we can to ensure that the customer challenges and set trends. Innovation has
experience is fun and rewarding.” always been our driving force,” she says.
The Tradeinn network is made up of 13 online stores, each specialising “We deliver complete solutions for customers
in a different type of sports equipment – diving, biking, ski and – our services include design, engineering,
snowboard, running and more. Together, it boasts more than 700 brands, manufacturing, delivery, assembling and
and 500,000-plus items that can be delivered worldwide. staff training.”
“We have kept our focus on growing in mature markets as well as Mariya believes that climbing as a sport will
in emerging markets, and we have been quick to take advantage of Number of brands grow towards becoming as popular as fitness Countries to which
opportunities for profitable growth,” David says.
His advice to other companies wanting to achieve the success that
offered by the Tradeinn and cross fit – and that active entertainment
will keep growing too.
Walltopia exports its
Tradeinn has had is simple: follow in its footsteps and ensure that the network of online stores “The industry’s growth is an opportunity artificial climbing
team you build has the vision and the determination which are needed for us to become one of the key players in structures
to keep pushing forward. active entertainment, just like we are in
“In order to build a successful company, you must have a vision and climbing,” says Mariya. “We will also be
real passion for what you are doing,” says David. “You have to believe very pushing even harder toward innovation,
strongly that what you’re planning is do-able, that the market needs it which has proven to be one of the drivers
and that you can help make it happen.” of our company’s success.”

68 69
EXPERT COMMENTARY COUNTRY OVERVIEW

DYNAMIC SMEs 1000 COMPANIES
FINLAND SNAPSHOT
NEED FINANCING FINLAND’S COMPANIES ENJOY AN AVERAGE REVENUE OF €53M. FOR A
FULL LIST OF COMPANIES FROM FINLAND, TURN TO PAGE 119
SIRPA PIETIKÄINEN MEP THE IMPORTANCE TO EUROPE OF HIGH-GROWTH BUSINESSES,
MEMBER, ECONOMIC AND MONETARY AFFAIRS IN TERMS OF BOTH THE ECONOMY AND JOB CREATION, MAKES
COMMITTEE, EUROPEAN PARLIAMENT, EUROPEAN
IT VITAL THAT ALL FORMS OF FUNDING ARE AVAILABLE TO THEM
PEOPLE’S PARTY

The world has always been undergoing
constant change, but the pace of that
change is accelerating. We are faced
invaluable source of new ideas and
solutions to challenges faced by our
societies today. Their employment
€53M
with a world full of disruptive challenges, potential is significant, and with proper AVERAGE
ranging from climate change to resource financing and other support mechanisms, REVENUE
scarcity, from increasing digitalisation to our innovative European SMEs can FOOD & DRINK
rapid population growth. provide Europe with exponential growth COMPANIES

2
What we need are companies that take rates both in terms of employment and
up those challenges and come up with in terms of revenue.
solutions that provide us human beings Multiple sources of financing are
with the same or better standards of needed, among them equity financing.
living, consumer choices and experiences
but using a fraction of current resources. “SMEs PROVIDE THE BACKBONE

52%
We need highly innovative people, OF THE WHOLE EUROPEAN
solutions and companies that can think ECONOMY AND ARE AN
out of the box and who – once they get
INVALUABLE SOURCE OF NEW
from idea to product – are able to secure
IDEAS AND SOLUTIONS TO
financing for those ideas. 3-YEAR COMPOUND
CHALLENGES FACED BY OUR
We have a lot of that potential here NUMBER OF ANNUAL GROWTH
SOCIETIES TODAY”
in Europe. What we need is to help PATENTS RATE

213
those good ideas and the companies
behind them grow and prosper, and give This is why 1000 Companies to Inspire
investors investing in these companies a Europe is such an important initiative:
chance to benefit from this growth and it rewards these innovative companies for
prosperity. Bank financing is not enough their efforts and – as the name suggests –
“THE GAP IN FUNDING FOR SMALL – and often not a suitable source of inspires not only other companies, but also
AND GROWING BUSINESSES WITHIN support – for these highly innovative and investors, to see the value of broadening
THE EU IS STILL AN OBSTACLE THAT new companies. The gap in funding for the finance base.

20
NEEDS ADDRESSING” small and growing businesses In terms of well-functioning and
within the EU is still an obstacle that transparent markets, it is also important
needs addressing. that we encourage and help our
SMEs provide the backbone of the companies with listing to the regulated 2-YEAR JOB
whole European economy and are an markets already at their infancy. GROWTH NUMBER OF
COMPANIES

26%

70 71
CONSUMER SERVICES

PROFESSIONAL SERVICES SECTOR
AT A GLANCE

€5.15 BILLION
THE SECTOR ENCOMPASSES TOTAL VALUE
OF AGRO-FOOD
A VARIETY OF DISCIPLINES PRODUCTS
EXPORTED FROM
AND BUSINESSES, FROM PORTUGAL IN 2016

62%
ACCOUNTING TO LAW, OF EMPLOYEES
ACROSS THE EU
AND FROM INFORMATION AS A WHOLE ARE
EMPLOYED IN THE
TECHNOLOGY TO SERVICES SECTOR

25,000
PHARMACEUTICALS. IT SERVES ESTIMATED NUMBER

AS AN ESSENTIAL RESOURCE
OF AUTHORISED
PRIVATE CHARTER
FLIGHTS ANNUALLY
FOR OTHER SECTORS AND IN THIS SECTION

LOOKS SET TO CONTINUE Alexandre Cavalleri, CEO
of Iguarivarius, on the
benefits of diversification
TO PLAY A CENTRAL ROLE and partnerships. Plus
Solumus CEO Jakub

IN THE EUROPEAN ECONOMY
Lubinski on how a
newcomer can break into
an established market

Sources: Portuguese Ministry
of Agriculture, Eurostat, The
Air Charter Association

72 73
PROFESSIONAL SERVICES

EVOLVE TO
SUCCEED
PROFESSIONAL SERVICES CONTINUES TO BE A FROM PORTUGAL
GROWTH SECTOR ACROSS THE EU AS A WHOLE,
WITH A 25% INCREASE BETWEEN 2000 AND 2010.
TO THE WORLD
ALTHOUGH THE RATE OF GROWTH HAS SLOWED IGUARIVARIUS
www.iguarivarius.pt
SOMEWHAT SINCE THAT TIME, IT IS STILL PREDICTED
Sector: Professional services
TO SEE A FURTHER 12% RISE IN THE PERIOD UP TO Country: Portugal
2020. THIS MAKES IT ONE OF THE CLEAR SUCCESS No longer solely a food

B ased in the city of Lisbon, “From Portugal to exporter but an expert
STORIES OF THE EUROPEAN MARKET FOR ANY the world, together we do more and better”
consultancy service
too, Iguarivarius has
COMPANY THAT IS SUFFICIENTLY FLEXIBLE TO is the slogan of the Portuguese exporting benefited from the
EVOLVE AS COMPETITION INEVITABLY INCREASES company, Iguarivarius. “We are pursuing a quality of its staff as it
strategy whereby we sell products to the world continues to diversify
from Portugal,” explains Alexandre Cavalleri,
Iguarivarius’ CEO. “It has been an arduous
task, but today we are recognised as one of the
largest food exporting companies.”
In addition to exporting food products
Iguarivarius offers consulting services, systems
and information technologies.
“In 2015 and 2016 we acquired an industrial
company and created new companies in the
areas of motor racing events, organising events,
safety and environmental consultancy,” adds
Alexandre. “Grupovarius now encompasses
many diversified business areas and operates
practically all over the world.”
Alexandre attributes the company’s success
to several factors. These include the quality
and commitment of the firm’s employees, the
quality and leadership of the management
teams, and the commitment and active support
from the company’s main shareholder. There are
also the partnerships between the company and
the products and services it exports.
“Grupovarius has been

20
“The whole of Grupovarius has been
fortunate to find great support, understanding,
solidarity and encouragement from most of fortunate to find support
and encouragement from
the companies and institutions with which it
has been linked. Without this, it would not have
been possible to achieve the results we have,”
says Alexandre. the companies with which
Last year was a significant one for the team,
as Grupovarius exported to nearly 20 countries. it has been linked”
“Efforts have also been made to market
products and services to other markets, notably The number of countries Alexandre Cavalleri, CEO, Iguarivarius

Europe, Africa and Asia,” adds João Rosa, COO to which Grupovarius
of Iguarivarius. “We are always looking for
business opportunities, in which we connect
exported in 2016
suppliers and our international clients.”

74 75
PROFESSIONAL SERVICES COUNTRY OVERVIEW

THE SKY’S NO LIMIT 1000 COMPANIES
A
GERMANY SNAPSHOT
cquired by John Matthews in 2010, AirX Charter Ltd provides private
passenger aviation services to companies, governments, royal
families, sports teams, celebrities, high-net-worth individuals and other
organisations. Its remarkable fleet of 17 aircraft ranges in size from eight-
to 100-passenger capacity and includes the Airbus A340, which has been www.airx.aero
fitted with 100 lie-flat, first-class seats – making it the world’s largest Sector: Professional services
IN GERMANY, COMPANIES ARE WIDESPREAD GEOGRAPHICALLY AND
private charter aircraft. Country: Malta ARE RESPONSIBLE FOR AN AVERAGE REVENUE OF €85M. FOR A FULL
John believes the success of his product is due to the diverse fleet
and the solid client experience delivered. “AirX has always focused on
LIST OF COMPANIES FROM GERMANY, TURN TO PAGE 125
operating an airline of very high standards in terms of customer service,
combined with a strong infrastructure and strong safety culture,” says
the executive chairman.
€85M
AVERAGE
REVENUE

39%
3-YEAR COMPOUND
ANNUAL GROWTH
RATE

High-end luxury for

180
those who want to
travel in style: AirX
private charters

NUMBER OF
“AirX has focused on operating The company’s varied
COMPANIES
an airline of very high standards fleet of 17 aircraft
enables it to cater for
in terms of customer service” large or small groups
PATENTS

3505
8,280
Behind these world-class standards are members of the core
management team, whose “...determination, industry knowledge and
ingenuity” lie at the very heart of the company’s success. “This team has 2-YEAR JOB
taken AirX from eight to 280 employees,” adds John.
GROWTH
There have been challenges along the way too, however. The last

20%
decade has been particularly difficult for the private aviation industry,
making it harder for AirX to acquire the finance needed to grow.
“The biggest challenge AirX has faced has been the fact that, as a small
but growing operator focused on acquiring used aircraft, few finance Number of employees
providers have been able to work with us,” explains John. “In the end, we
went as far afield as North America to find a suitable finance provider.” MANUFACTURING
Now the focus remains very much on maintaining growth. In the & ENGINEERING
next five years AirX plans to grow its fleet further, by investing in both COMPANIES

53
private jets and airliners, while expanding into new markets including
transatlantic and US-based cargo and specialty operations. “Our workforce
will, at the very minimum, triple over this period,” says John.

76 77
PROFESSIONAL SERVICES COUNTRY OVERVIEW

MARKET FORCES 1000 COMPANIES
T
SLOVAKIA SNAPSHOT
he most important task for any company is to build a reliable
customer base. That doesn’t always come easy, however, and
in response an industry has developed to alleviate this problem, by
delivering customers directly to companies.
“We provide a scalable source of new customers to businesses all over www.mvfglobal.com
the world,” says Michael Teixeira, CEO of MVF. “Our technology and world- Sector: Professional services
SLOVAKIA’S FIVE LISTED COMPANIES BOAST AN AVERAGE REVENUE
class, cross-channel marketing teams help to connect active customers Country: United Kingdom OF €37M. FOR A FULL LIST OF COMPANIES FROM SLOVAKIA, TURN TO
with businesses looking to scale, providing quality sales-ready leads and

€37M
marketing leads directly to our clients on a pay-per-lead basis.”
PAGE 141
The London-based company was the brainchild of five tech-savvy
friends, and in the past seven years has scooped honour after honour,
including a Queen’s Award for Enterprise and fourth place on the AVERAGE

448 % REVENUE

5 3-YEAR COMPOUND
ANNUAL GROWTH
NUMBER OF RATE
COMPANIES

Tech marketing expert
MVF puts customers
in direct contact with
companies

“One of the exciting things about The company scores
working in marketing and tech is that highly for its vibrant
young workforce and
both disciplines evolve so quickly” social conscience

4 th 2
Sunday Times Best Companies To Work For list. Michael says that the fast-
changing nature of digital marketing has presented a challenge,
but that the company has developed ways to stay ahead of the curve.
“Because we have dedicated teams who are just tasked with testing REGISTERED
new channels, we are able to work out how to capitalise on new marketing TRADEMARKS
channels and social platforms long before other businesses.”
The company has grown at a rapid rate since its inception, with staff
numbers increasing substantially over the past year alone. “We have even
FACILITIES FOOD & DRINK
had to bring in academies in all of our departments to ensure we have a Place achieved by MVF SERVICES COMPANIES
in the Sunday Times’
1 1
consistent flow of great talent being trained up,” Michael says.
The company’s future will no doubt echo its past: rapid growth,
innovation and more awards. “One of the exciting things about working list of Best Companies
in marketing and tech is that both disciplines evolve so quickly,” Michael To Work For
says. “I think there has been a real emphasis in recent years on improving
the experience for consumers online and championing sites that offer real
value to prospective customers.”
Michael’s advice to others? “Work out a really clear vision and mission,
hire great talent and work out how to help them do their jobs better.”

78 79
PROFESSIONAL SERVICES COUNTRY OVERVIEW

FUELLING THE FUTURE 1000 COMPANIES
F
HUNGARY SNAPSHOT
ounded in 2011, Solumus is situated near the Polish city of Plock,
where it provides advanced business solutions in the areas of liquid
fuels, biofuel and LPG to the Polish and European fuel markets.
Company CEO Jakub Lubiński attributes the firm’s success to several www.solomus.pl
different factors. “The success of the company is not down to just one Sector: Professional services
person,” he says. “It is the knowledge, experience and professionalism Country: Poland HUNGARY HAS 10 LISTED COMPANIES, WITH 2-YEAR JOB GROWTH
of the employees and the board, and their ability to provide flexibility RATE OF 66%. FOR A FULL LIST OF COMPANIES FROM HUNGARY, TURN
in customer service and adjustment to legal conditions.”
Despite being just six years old, Solumus has taken a “solid position
TO PAGE 132

€45M
among the fuel giants” and is now considered a trustworthy business
partner, explains Jakub. What’s more, the implementation of restrictive
legal acts in Poland, “an extremely complex process”, gave the firm the

AVERAGE
REVENUE

10
NUMBER OF

2
MANUFACTURING
COMPANIES

& ENGINEERING
COMPANIES
Despite being a relative
newcomer, Solumus
has established itself
as a reliable supplier

The company is
“Believe in your innate talent and make concentrating on
growing its market PATENTS
sure you work with suitable people”
128
share in Poland

2001
opportunity to “dynamically operate in the market, stay flexible and have
advantage over competitors”.
As for the future, there are plans for a listing, to grow its share of the
domestic market and find new investors. “We are ready for cooperation
with a strategic business partner who will not only be an adequate
funding source, but will also be visionary and help us develop the
company,” says Jakub.

59%
“We are focusing mainly on boosting the market share in the petroleum
products that are present in Poland.” Year in which Solumus, 2-YEAR JOB
New products and services include the possibility of selling heating gas
to small- and medium-sized customers. “We see potential in supplying
initially known as Tesla, GROWTH
was founded 3-YEAR COMPOUND

66 %
electricity and gas, and obviously we concentrate on innovation in this
area,” adds Jakub.
ANNUAL GROWTH
The secret to success for Solumus? “Believe in your innate talent and RATE
make sure you work with suitable people,” says Jakub. “As Sir Richard
Branson said, ‘Being unafraid of failure is, I believe, one of the most
important qualities of a champion’.”

80 81
EXPERT COMMENTARY COUNTRY OVERVIEW

INVESTING TO MEET THE 1000 COMPANIES
AUSTRIA SNAPSHOT
CHALLENGES AHEAD AUSTRIA’S 20 COMPANIES TOGETHER HAVE 84 PATENTS AND AN
AVERAGE REVENUE OF €55M. FOR A FULL LIST OF COMPANIES FROM
OTHMAR KARAS MEP IN SPITE OF SOME ONGOING FINANCIAL UNCERTAINTY ON
AUSTRIA, SEE PAGE 116

€55M
MEMBER, ECONOMIC AND MONETARY AFFAIRS BOTH SIDES OF THE POND, THERE IS INVESTMENT AVAILABLE
COMMITTEE, EUROPEAN PEOPLE’S PARTY SME
FOR DYNAMIC, FORWARD-THINKING COMPANIES
INTERGROUP’S CHAIR
AVERAGE

20
The past year has brought about a series of been on a good track. Besides initiatives REVENUE
challenges for financial markets legislation. on reducing regulatory burden, progress
In the US, developments such as the two was made on the project of creating a
executive orders on financial services or the Capital Markets Union as a financing
letters to Federal Chair Janet Yellen with union for our economy. In 20 months,
NUMBER OF
calls for deregulation may put into question two-thirds of the 33 initiatives were COMPANIES
the steady implementation of global implemented and the Commission has

6
regulatory standards. already put forward further steps. Just
On our side of the Atlantic, Brexit is recently, we achieved agreements on
putting uncertainty on the table. Around reforming securitisations and venture
33,000 rules are to be negotiated, many capital funds to facilitate access to MANUFACTURING
of which concern the financial industry. finance for SMEs.
& ENGINEERING
In addition, the pace of digitisation Another important initiative to
is picking up, rapidly producing enhance the flow of capital within the
COMPANIES
opportunities and threats. Single Market and to close Europe’s

425,000
I strongly believe that our answer to
uncertainty, transformation, populism or
nationalism must not be to escape into
protectionism or isolation. Regardless of
some political dynamics, the EU must SMEs HAVE BEEN SUPPORTED
continue to thoroughly draw the lessons BY THE EUROPEAN FUND FOR
from the financial crisis and become more STRATEGIC INVESTMENTS
independent, determined and effective.
Against this background, I very much investment gap is the European Fund for
welcome the ongoing initiative by LSEG to Strategic Investments. Since its launch
“THE EU MUST CONTINUE TO THOROUGHLY highlight Europe’s potential by collecting two years ago, it has already mobilised
DRAW THE LESSONS FROM THE FINANCIAL success stories of striving SMEs. I see over €194bn worth of investments across
CRISIS AND BECOME MORE INDEPENDENT, all member states, supporting 425,000
DETERMINED AND EFFECTIVE” “BESIDES INITIATIVES ON SMEs. Therefore, I welcome its ongoing
extension, expansion and reinforcement. PATENTS
REDUCING REGULATORY

84
“The error of the past is the wisdom and
BURDEN, PROGRESS WAS MADE

1129
success of the future,” songwriter Dale
ON THE PROJECT OF CREATING
A CAPITAL MARKETS UNION”
Turner once said. These words guide us to
help address new challenges and continue
2-YEAR JOB %
our work on deepening the Economic
GROWTH

7 % 3-YEAR COMPOUND
this exercise also as a call to decision- and Monetary Union. When we manage
makers to continue efforts for more to effectively draw from the recent ANNUAL GROWTH
suitable regulatory frameworks, so these crisis to overcome national barriers and
RATE
businesses can accomplish their visions fragmentation of capital markets, I am
and contribute to growth and jobs. confident there will be plenty of stories to
Since last year’s publication of 1000 add to future editions of 1000 Companies
Companies to Inspire Europe, we have to Inspire Europe.

82 83
CONSUMER SERVICES

SECTOR
AT A GLANCE

€49 BILLION
THE ELITE PROGRAMME AGGREGATE
REVENUE
AFFORDS AMBITIOUS GENERATED BY
COMPANIES IN THE
PRIVATE COMPANIES THE ELITE COMMUNITY

216,000
OPPORTUNITY TO ACCESS A NUMBER OF JOBS
ACROSS EUROPE
LEVEL OF BUSINESS SUPPORT, ACCOUNTED FOR
BY ELITE COMPANIES
MENTORING AND EDUCATION 25
THAT MIGHT OTHERWISE BE NUMBER OF
COUNTRIES WHICH

DIFFICULT TO FIND, ENABLING
ELITE COVERS
IN THIS SECTION

THEM TO EMBARK ON FURTHER Glassmaker Steklarna
Hrastnik, food packaging

GROWTH AND FUTURE-PROOF
company Grupo Happy,
consultants KLB Group,
IT experts Span and

THEIR BUSINESSES cloud-based computing
consultants Teldat on
the benefits of being part
of LSEG's pan-European
ELITE programme

Source: LSEG

84 85
GOING FOR
GROWTH
150
Number of years that
COMPANIES WHICH ALREADY HAVE A STRONG HEART OF Steklarna Hrastnik has
BUSINESS MODEL AND ARE LOOKING TO EXPEDITE
GLASS been in operation
THE NEXT PHASE OF THEIR GROWTH CAN APPLY TO
BECOME PART OF LSEG’S ELITE BUSINESS SUPPORT Steklarna Hrastnik
www.steklarna-hrastnik.si
PROGRAMME. ELITE OFFERS A THREE-STAGE
Sector: ELITE
APPROACH, CONSISTING OF A TRAINING PROGRAMME Country: Slovenia
FOR OWNERS AND/OR MANAGERS, ONGOING
S teklarna Hrastnik has honed the production Steklarna Hrastnik
MENTORING TOWARDS FURTHER GROWTH, AND HELP of glass into a fine art form. The Slovenian
places huge emphasis
on its industry
WITH CAPITALISING ON THOSE DEVELOPMENTS. company began 150 years ago, and over experience, but also
ELITE FURTHER PROVIDES A NETWORK OF SIMILARLY the decades has built up a global reputation isn’t afraid to move
for making some of the most technically with the times
AMBITIOUS COMPANIES, WITH OPPORTUNITIES FOR demanding glass products.
SYNERGIES AND INVESTMENT The company produces tableware and
lighting, and last year moved into the perfume
and cosmetics market too. Andrej Božič, General
Manager of the company, says its recent
success is largely down to a restructure of the
management team in 2010. “This allowed us
to change the company culture and reach a
minimum required consensus between the
goals of the company and the goals of the
individuals,” he says.
That proved to be the foundation for
achieving bigger shifts inside the company,
which were – and still are – represented by
workers’ increased loyalty, intergenerational
willingness to share knowledge, innovations
and a passion for achieving goals.
The company can now tailor its products to
meet the needs of clients, offering them a full
service, from design to decoration. “We have
developed our own catalogue of items and thus
can offer a quality solution to customers who do
not have their own design,” Andrej says. “The quality of the glass
Steklarna Hrastnik’s skill in working with glass
of the highest clarity has also meant it can [is crucial], and also
that it is produced in an
enter a niche market, drawing greater interest
from a wider range of brands. In the glass
industry today, the ability to compete depends
upon several key factors. “Certainly the quality environmentally friendly
of the glass,” Andrej says, “and also that it is
produced in an environmentally friendly way. way, which means less
which means less fossil fuel is produced and
less energy is used.”
fossil fuel is produced and
The experience the company has over 150
years is important, and places it in a solid
less energy is used”
position to continue its pre-eminence. As Andrej Božič, General Manager, Steklarna Hrastnik
for competitors, Andrej says: “They need to
understand that technical innovation does not
guarantee success in the market.”
86 87
BECAUSE I’M HAPPY GO WITH THE FLOW
T he growing emphasis on environmental awareness among the
consumers of the 21st century has pushed companies of all types
to change the way they operate. Waste and polluting practices can no
K LB Group helps clients to have their
projects smartly implemented. “For any
project, we guarantee full implementation
and public sectors. KLB Group now has 700
‘Smart Implementers’ from 31 nationalities
in 14 offices, with a presence in 42 countries
longer be ignored – they have become a chief determinant of reputation, by bringing an ideal mix of advisory, around the world.
www.magicpack.it
and a failure to adhere to changing expectations could now be to the management and execution. So that’s KLB Group is able to very quickly mobilise
Sector: ELITE
detriment of any company. Country: Italy advisory to do the right things, management teams with tailored expertise and execution
Gruppo Happy realised this early on. The food packaging conglomerate, to do them well and execution to do them intelligence around the world. That is how
– founded more than three decades ago and composed of companies completely,” explains Flavien Kulawik, CEO. it stops clients from “running up against
from Italy, Spain and Germany – boasts some of the biggest names Co-founded in 1995 by Flavien and fellow ceilings of inefficiency” and helps them secure www.klbgroup.com
Sector: ELITE
in the European industry: Magic, Happy, Esperia and Prima. French entrepreneur Jean-Marc Le Breton, the 100% of the project’s expected value instead,
Country: France
The company sees its chief mission to develop products that are safe, company has grown into a global specialist of believes Flavien.
high in quality and environmentally friendly, and which use the fewest project implementation, serving both private Companies are focusing on their core

The firm prides itself KLB Group advises,
on beautiful and manages and executes
environmentally the requirements of
friendly packaging any project

“The high operational efficiency and Continual investment How the company’s
product quality is largely thanks to in R&D has kept
Gruppo Happy ahead
'Smart' plan enables it
to respond quickly to
our research and development efforts” of many of its rivals any client’s demands

1992 700
resources possible. And, unsurprisingly, the company’s mantra reflects business and are increasingly calling for
this: “Good packaging has never transformed a bad product into a good rapidly adjustable external expertise to assist
one, but bad packaging can transform a good product into a bad one.” them in their improvement projects and in
The company boasts a lean, young and dynamic organisational the production of their operations. They must
structure, where the decision-making processes have been honed over remain agile in an increasingly complex and
the years so that they are able to respond swiftly to market changes, volatile world.
such as the broader trend towards sustainable living. “The lesson learnt from our clients
“The high operational efficiency and product quality is largely thanks highlighted the necessity of being smart
to our research and development efforts and also to the presence of Year in which Magic by linking strategy to management and full Number of ‘Smart
state-of-the-art machines,” explains Biasio Florio Natale, president of
the Holding Happy SRL.
Pack, the start of Gruppo execution. That is what Smart Implementation
is about: S=Strong, M=Minded, A=Action,
Implementers’
Gruppo Happy has grown strongly in foreign markets in recent years, Happy, was founded R=Relationship, T=Thinking,” explains Flavien. employed by KLB Group
and has invested commercially in developing its sales across the food In a 2016 survey, KLB Group scored 98%
industry. Biasio says that, as a result, the company now enjoys stronger in client satisfaction and the aim is to keep
direct contact with its customers and can offer them the most suitable serving clients via a worldwide organisation
packaging to cater for their requirements. and a smart innovation process. Smart
What is the secret to its success? Biasio doesn’t hesitate in answering. implementation is deeply rooted in KLB
“Constant attention towards the customer and the final consumer, and Group’s DNA and market expectation.
the continuing search for quality,” he says.
88 89
COUNTRY OVERVIEW CONSUMER SERVICES

THE ELITE ROUTE
TO SUCCESS
Access skills, network
LUCA PEYRANO ELITE HELPS AMBITIOUS, INNOVATIVE SMEs FIND THE RIGHT
CEO, ELITE FUNDING MODEL TO ACHIEVE THEIR SCALE-UP PLANS FOR
EUROPE AND BEYOND

Europe’s innovative, diverse and ambitious
businesses are driving growth and
providing potential opportunities for us
of funding sources across Europe, ELITE is
ultimately contributing to deeper capital
markets across the continent.
and capital to scale
up your business.
all. It is these companies that are scaling Today, more than 1000 companies,
up and making a significant contribution advisers and investors make up the
to economic development across the growing international ELITE community.
countries in which they operate. But Over 600 ELITE companies in 25 countries
access to appropriate funding is critical feature, and come from more than 30
to their success. sectors, including technology, food &
LSEG and Valdis Dombrovskis, Vice- drink, healthcare, and manufacturing
President for the Euro and Social Dialogue, and engineering. Between them they are
also in charge of Financial Stability, generating €49bn in combined revenues
ELITE is a full-service programme for ambitious,
Financial Services and Capital Markets and account for over 215,000 jobs across inspiring companies that want to further their growth.
Union, share a common purpose: a Europe and beyond.
commitment to mobilising capital across

€49
ELITE is a vibrant community of entrepreneurs, business leaders,
Europe to allow its 23 million SMEs to
connect with growth funding. bn advisers and investors from 25 countries around the world.
LSEG is proud to support companies at
every stage of the funding lifecycle. The COMBINED REVENUES OF
1000 Companies to Inspire Europe report OVER 600 ELITE COMPANIES We are proud to support inspiring companies.
sits comfortably alongside our unique
growth markets in the UK and Italy, ELITE is constantly seeking to
AIM and AIM Italia, and our pioneering enhance its services for companies. Its

“TOGETHER, THE 1000 COMPANIES TO INSPIRE
international business support and capital
raising programme, ELITE.
ELITE helps ambitious, high-quality
latest innovation, ELITE Club Deal, is
a private placement platform, which
helps to bridge funding gaps and
Share success, do business, make connections.
EUROPE REPORTS AND ELITE SHOWCASE THE private companies prepare and structure further streamline the capital-raising
EU'S ENTREPRENEURIAL SPIRIT” for the next stage of growth. It introduces process for ELITE companies, bringing
company leaders to business school them together with professional
#weareELITE
resources and gives them access to a investors and corporate advisers in a
community of like-minded entrepreneurs, secure and efficient environment. ELITE elite@lseg.com
leading advisers and investors. Launched Club Deal is channelling growth capital www.elite-growth.com
by Borsa Italiana in Italy in 2012, it to Europe’s businesses.
was rolled out by LSEG in the UK in Together, the 1000 Companies
2014 and across the rest of Europe and to Inspire Europe reports and ELITE
internationally in 2015. showcase the EU’s entrepreneurial
Through ELITE, businesses receive spirit. They have an integral role to play
practical knowledge on the different in championing the best of Europe’s
sources of finance, be that venture capital, businesses and directing growth capital
private or public equity, to help them scale to the innovators, job creators and stars
up. But importantly, ELITE is funding- of tomorrow.
agnostic, encouraging companies to More of Europe’s inspiring companies
access the most appropriate financing for can benefit from the support provided
their needs. In encouraging a wider range through ELITE. Visit www.elite-growth.com
90 91
WORLDWIDE REACH CLOUD COVER
W ith over a million customers in 100 countries worldwide,
Croatian IT company Span is already living up to its name,
but it has plans to grow bigger.
O ver the past decade, increasing numbers
of traditional businesses have undergone
a digital transformation and part of this
would reshape the need for networking,”
says Ignacio Villaseca, CEO of Teldat Group.
The approach that Teldat Group offers is
“We build and support complex IT solutions for our clients,” explains www.span.eu/en/ revolution has been the shift to cloud-based fine-tuned for this transformation. It enables www.teldat.com
Nikola Dujmović, who co-founded the company in 1993 and is the Sector: ELITE technology. Teldat Group cottoned on to this the migration from traditional networking Sector: ELITE
current president and CEO. “Our plan is to grow even further and become Country: Croatia shift before many of its rivals, drawing on to Software Defined Schemes, whereby Country: Spain
significant beyond our borders.” cloud technology to better facilitate the use network administrators can manage network
It’s this ambitious drive and commitment to quality that’s transformed of Enterprise Communication Networks, which behaviour via open interfaces. “There are very
the company from a small retail store in Zagreb to a worldwide business connect computers and other devices across few approaches in the market that offer this
with over 300 employees and customers on all five continents. company departments. ease of deployment, whereby solutions are
For Nikola, the recipe for success is simple; it’s about a combination “Early on, we were able to understand how affordable and there is minimum disruption,”
of caring and innovating: “We care for our clients and we take care of our the internet and cloud-based applications Ignacio says.

The Span team has Cloud-based
grown to take in over technology is replacing
1 million customers local servers and Teldat
in 100 countries was an early adopter

“Our industry is changing all other The company is The company is aiming
industries and at the same time continually seeking
to improve and hire
to extend its operations
worldwide over the
it is changing itself” the best talent next few years

5 20 %
people,” he says. “And we have a passion for technology; we innovate The company is already well established
and we are focused on success.” in five European countries, with Germany
This passion for technology helped Span become Croatia’s first and Spain as its strongest markets and Latin
Microsoft Certified Solution Provider – just three years after opening its America the next target for expansion.
doors – and Croatia’s first Microsoft Certified Gold Partner a few years The broad switch from the use of computer
later, in 2001. hardware to software has been among the
“Today, we are proud of our 14 Microsoft competencies, of which 12 most significant technological changes of
are Gold,” adds Nikola. “And we’re very proud to have won the Croatia recent years. This paradigm shift has pushed
Microsoft Partner of the Year Award in 2016.” Number of continents businesses to recalibrate their operations, and Proportion of revenue
Looking forward, the company is focused on delivering “more for less”
and keeping one step ahead in what Nikola describes as an increasingly
on which Croatian firm it’s here that Ignacio sees both the greatest
challenges and the greatest opportunities.
which is invested in
dynamic industry. Span operates “It brings to the industry a myriad of start- R&D each year
“Our industry is changing all other industries and at the same time it is ups with different innovative angles,” he says,
changing itself,” says the CEO, who would also like to see more support for adding that the approach will need to be a
entrepreneurs, as well as less bureaucracy and regulation. gradual one. “We believe that for agile enough
“Technology, digitalisation and artificial intelligence will change the players of the previous generation there is an
world. We strongly believe that the digital world will enable people to be opportunity to help turn the promises that
more productive, better informed and to enjoy life more than ever before.” this new paradigm brings into reality.”

92 93
ELITE IN FOCUS

ELITE DIVERSE COMPANY NETWORK

SNAPSHOT
PRIVATE COMPANIES CAN ACCELERATE LONG-TERM GROWTH
AND FUTURE-PROOF THEIR BUSINESSES THROUGH A DIVERSE
INTERNATIONAL NETWORK AND A RANGE OF FUNDING OPTIONS

ACCESSING CAPITAL
€4.6bn 601
COMPANIES
216,000 EMPLOYEES
34
SECTORS
€49bn
AGGREGATE REVENUE
RAISED BY COMPANIES**

E
A. ● <€50M / 357 D INTERNATIONAL 601
B. ● €50-100M / 129
C. ● €100-200M / 60 C
GROWTH
D. ● €200-500M / 37
E. ● >€500M / 18
LAUNCHED IN 2012, ELITE HAS
OVER 600 COMPANIES ENROLLED
ELITE BY AND IS GROWING RAPIDLY
REVENUE
376
111
● ITALY ● UK ● INTERNATIONAL

HOW THE INCOME 463

30%
MEASURES UP
CORPORATE TRANSACTIONS B

INVOLVING 181
ELITE COMPANIES 92 104
OF ELITE COMPANIES COMPLETED A 386
A CORPORATE TRANSACTION*

J
306
H 87
A. ● INDUSTRIALS / G
209 40 284
F I A
B. ● CONSUMER
GOODS / 123
C. ● TECHNOLOGY E
/ 90 59
190
D. ● CONSUMER
SERVICES / 58 ELITE BY 207

E. ● HEALTHCARE
/ 39
D INDUSTRY 32
158
F. ● BASIC THE SECTORS DRIVING
MATERIALS

207 120 29 10
FORWARD
/ 30 104
G. ● FINANCIALS
/ 20
H. ● UTILITIES / 13 C
M&A AND JV DEALS PE/VC TRANSACTIONS ELITE COMPANIES ELITE COMPANIES I. ● TELECOMM-
B
48
INVOLVING 119 ELITE INVOLVING 80 ELITE ISSUED A BOND LISTED ON A PUBLIC UNICATIONS
/ 10
COMPANIES COMPANIES RAISING AGGREGATE MARKET, RAISING 48 158
€865M €140M J. ● OIL & GAS / 9
2012 2013 2014 2015 2016 2017 (YTD)

94 * Corporate transactions include: M&A, JV, PE and VC deals, IPO. ** Disclosed figures based on: PE/VC Deals (Zephyr data), IPOs and Bond Issues (LSEG data). Data last updated 16 June 2017 95
COUNTRY OVERVIEW CONSUMER SERVICES

1000 COMPANIES
UK SNAPSHOT €55M
THE UK’S 170 COMPANIES ARE SHOWING 3-YEAR COMPOUND ANNUAL

Welcome
GROWTH RATES IN EXCESS OF 70%. FOR A FULL LIST OF COMPANIES AVERAGE
FROM THE UK, TURN TO PAGE 144 REVENUE

FOOD & DRINK
COMPANIES

13 170 to ORB
NUMBER OF
COMPANIES
ORB, the Order book for Retail Bonds
from London Stock Exchange, gives To download the latest ORB guide
companies – from ambitious SMEs to and contact us, visit
large multinationals – access to the capital
londonstockexchange.com/orbguide
they need for growth. As the UK’s only
regulated retail bond platform, it enables
PATENTS businesses to access additional investors
MANUFACTURING
& ENGINEERING
COMPANIES
169 and an entirely new source of funding.
With ORB, you can take the direct route
to a high profile liquid market – and a

26
wider investment audience.

2-YEAR JOB
GROWTH
77%
52
3-YEAR COMPOUND
% ANNUAL GROWTH
RATE

96 97
CONSUMER SERVICES

GREEN SECTOR
AT A GLANCE

4.2 MILLION
CONCERN FOR THE PEOPLE EMPLOYED
IN THE ‘ECO’ SECTOR
ENVIRONMENT ESPECIALLY, 11%
THOUGH NOT EXCLUSIVELY, AMOUNT BY WHICH
THE USE OF FOSSIL
AMONG MILLENNIALS AND FUELS IS SET TO
DECLINE BY 2035

GENERATION Z MEANS 84.4%
INCREASE IN
BUSINESSES ALL OVER EUROPE RENEWABLE ENERGY
PRODUCED WITHIN
HAVE DISCOVERED THAT WHAT THE EU OVER THE
PAST DECADE

IS GOOD FOR THE PLANET IS IN THIS SECTION
Neudorff CEO Hans-Martin

ALSO GOOD FOR THEM Lohmann explains why
his company's natural
gardening products are
good for the planet, and
find out why Ecotricity
and STI Norland are
leading the way on
renewable forms of energy

Sources: European
Commission, OECD, Eurostat

98 99
GREEN

THE FUTURE IS
GREEN
THE EU HAS LONG SHOWN A COMMITMENT TO HOW DOES YOUR
SUSTAINABLE DEVELOPMENT, BE THAT THROUGH
PRODUCTION PROCESSES, PRODUCT DESIGN
GARDEN GROW?
OR SERVICES, AND THIS HAS BEEN AFFECTED Neudorff
www.neudorff.co.uk
BY A COMBINATION OF VOLUNTARY, STATUTORY
Sector: Green
AND REGULATORY MEASURES. BUT IT’S ONLY Country: Germany
RELATIVELY RECENTLY THAT COMPANIES HAVE Neudorff has led the

F ounded in 1854, Neudorff has been way in producing
SWITCHED ON TO THE FACT THAT THEIR CUSTOMERS producing natural gardening products for
natural gardening
products and
AND CLIENTS ALSO INCREASINGLY DEMAND AN more than 150 years. “Our company was one continues to innovate
ETHICAL, ENVIRONMENTALLY FRIENDLY APPROACH of the first German companies to produce to stay ahead of the
plant protection products and animal care competition
FROM THE PEOPLE THEY DO BUSINESS WITH. THE products,” explains Hans-Martin Lohmann, CEO,
ATTRACTIVENESS OF THE SECTOR AS AN INVESTMENT W. Neudorff. “It was recognised early on that
there was a market for environmentally friendly
DESTINATION FURTHER ADDS TO THE VIRTUOUS substances for the amateur gardener.”
CIRCLE, CREATING AN ONGOING POSITIVE OUTLOOK By the 1970s, awareness of the
environmental damage caused by chemicals
had grown dramatically and the company
began producing more and more eco-friendly
and non-chemical products – cementing its
position in the market.
“Plants, and their care and protection, is the
basis of our lives,” says Hans-Martin. “Food, raw
materials, energy and recreation emerge from
them. Our primary goal in the development of
new products is still to prevent an unnecessary
burden for the environment and humans while
solving problems in the house and garden.”
However, there is still plenty more to
do, believes Silke Conrad, the company's
sustainability manager. She points out that
today, despite our greater environmental
awareness, people consume more resources
than the earth can provide us with. “Plants, and their care
“The whole world has therefore decided
and protection, are the

163
on sustainable development. In many

basis of our lives. Food,
countries, the legislation is already changing
so companies will have to change too. In the
future, chemical pesticides will be not allowed
for private use because it harms useful insects raw materials, energy
and pollutes the environment.”
According to Hans-Martin, Neudorff is ready and recreation emerge
to lead the charge. “Previously, we were laughed
at for our ecological products, but today we
from them”
are a global company. The challenge is now no
longer to exist in the market but to stand out
Number of years Hans-Martin Lohmann, CEO, W. Neudorff

from the many imitators. Innovation means not Neudorff has been
adapting to others, but inspiring them.”
producing its natural
gardening products
100 101
GREEN COUNTRY OVERVIEW

RENEWABLE PROGRESS 1000 COMPANIES
F
PORTUGAL SNAPSHOT
ounded in 1995 by green industrialist Dale Vince OBE, Ecotricity
supplies almost 200,000 people with renewable energy from its
growing fleet of wind and sun parks.
“We focus on issues of sustainability, particularly across the three www.ecotricity.co.uk
biggest sources of carbon emissions – energy, transport and food,” Sector: Green
explains Dale. “We were the world’s first green energy company.” Country: United Kingdom PORTUGAL CONTINUES TO PUNCH ABOVE ITS WEIGHT, WITH ITS 10
Since the early days of its first windmill – which was built in 1996 with LISTED COMPANIES BOASTING AN AVERAGE REVENUE OF €37M. FOR
the aim of supplying Cheltenham and Gloucester College with electricity
A FULL LIST OF COMPANIES FROM PORTUGAL, TURN TO PAGE 140

€37M
from landfill gas – Ecotricity has led the charge for sustainable energy
development in Britain.
“The biggest opportunity for Ecotricity was the liberalisation of the
energy market – without that we wouldn’t exist,” adds Dale.
AVERAGE
REVENUE

10
NUMBER OF
COMPANIES
“We focus on issues
of sustainability,
particularly across the
three biggest sources
of carbon emissions Ecotricity's Electric
Highway will expand
– energy, transport as more electric cars
reach our roads
and food”
The company has
been harnessing wind
62%
power since as long
ago as 1996
3-YEAR COMPOUND
ANNUAL GROWTH
RATE
“That allowed us to offer a different kind of energy, the green kind.”
As a result, the company has kept innovating by expanding into electric
vehicles, and installing charging points across the UK to create “Europe’s
most comprehensive charging network”. Dale now plans to expand that
200,000 WHOLESALE
COMPANIES

2
venture even further.
“As a 21st century energy company, Ecotricity will all be about
interconnectivity and a decentralised smart grid,” says the pioneer.
People who receive
“We will expand the Electric Highway as electric vehicles replace the renewable energy PATENTS
from Ecotricity's sun
9
internal combustion car – and a big part of that will be powering transport
with renewable energy, using home-scale battery storage and the
interconnectivity between renewable energy, storage and transport.” or wind parks
The environmental mission doesn’t end there, either. Ecotricity is
currently looking at innovations within the water sector as well as how to
2-YEAR JOB
make gas from grass – what Dale describes as the next big frontier. GROWTH

139 %
“The coming years will be all about technology enabling a very different
energy grid, and the relationship between people and power,” he says.
“The challenges will be climate change and the general unsustainability
of how we live, while the opportunities will come from how technology
and the green economy, solve these issues.”
102 103
GREEN COUNTRY OVERVIEW

SET FOR SUCCESS 1000 COMPANIES
S
SLOVENIA SNAPSHOT
ET Environnement has been disposing of the most toxic of chemicals,
asbestos, for more than two decades, servicing a vast array of clients,
from shopping centres to administration offices. Given the notoriety of
the health problems stemming from asbestos, the French company has www.set-environnement.com
been able to corner an area of the market for waste disposal in which Sector: Waste management
there is both high demand and a need to cultivate close relations with Country: France SLOVENIA CURRENTLY ENJOYS A 3-YEAR COMPOUND ANNUAL GROWTH
the range of people involved. RATE OF 30% AND 2-YEAR JOB GROWTH OF 17%. FOR A FULL LIST OF
“Security is a top priority,” says Yann Volluz, CFO of SET Environnement.
“We enhance our processes on a regular basis and work closely with
COMPANIES FROM SLOVENIA, TURN TO PAGE 141
labour inspectorates to ensure we have the latest and best practices.”
The speed of the company’s growth is evident in the figures: an
employee base of 150 people and annual revenue that exceeds €20m.
€39M
AVERAGE
FOOD & DRINK REVENUE
COMPANIES

5 1
NUMBER OF
COMPANIES

SET has carved a
specialist niche for
itself in the waste
disposal field

“The key factor in our success is Asbestos requires
our dedicated staff. Day to day careful handling
by the company's
we develop our know-how” expert workforce

30%
150
“The key factor in our success is our dedicated staff,” notes Yann. “Day to
day, based on a strong training programme and great quality 3-YEAR COMPOUND
of guidance, we develop our know-how.”
ANNUAL GROWTH
During the cycle of asbestos removal, the company monitors its
profitability by a close follow-up of its margin. Yann says that cash
RATE
generation and growth are direct consequences of customer satisfaction,
which the company – being involved in an effort to make the immediate
environment safer for customers – prioritises above all else.
“As our business runs in a smooth way, we can focus on high value Number of employees
595
subjects, such as process enhancement and extension of our customer’s 2-YEAR JOB
portfolio,” Yann says. “On each site, we aim at having the best approach GROWTH

17%
to satisfy our customers and control our costs. Deadlines and forecasted
margins are respected.”
NUMBER OF
It is this two-pronged approach to its task that has ensured SET
Environnement has remained a key player in the waste disposal market
EMPLOYEES
in France, and looks set to be for some time to come. “As a result of all
this, the quality of our work has enabled us to maintain our revenue and
margin in a competitive market,” Yann says.

104 105
GREEN COUNTRY OVERVIEW

SUN SEEKERS 1000 COMPANIES
A
CZECH REPUBLIC SNAPSHOT
mong the increasing proportion of the global population wising up
to the harmful effects of climate change, the benefits of solar power
over ‘dirty’ energy sources has become something of a no-brainer. What
are known as ‘solar parks’ are cropping up in ever greater numbers and
www.stinorland.com
Spanish company STI Norland, founded in 1996, is among the world
leaders in the design, supply and installation of solar trackers – specific
Sector: Manufacturing and Engineering THE CZECH REPUBLIC’S 10 LISTED COMPANIES HAVE AN AVERAGE
Country: Spain
devices which orient a panel towards the sun – together with fixed REVENUE NOT FAR SHORT OF €30M. FOR A FULL LIST OF COMPANIES
structures for these parks.
“Not many companies in this sector have over 20 years’ experience and
FROM THE CZECH REPUBLIC, TURN TO PAGE 118
have been there since the very beginning of the solar sector,” says Alberto

€29M
Peréz, deputy CEO of the company, which has installed projects in more
than 12 countries across the globe.

FOOD & DRINK AVERAGE
“There are now more people working in COMPANIES REVENUE

1
the solar industry than other energy
sectors, such as gas fields or oil rigs” 10
NUMBER OF
COMPANIES

1
STI Norland are experts
MANUFACTURING
in solar trackers, which COMPANY
ensure solar panels are
angled towards the sun

The company has a
long track record in
the solar sector and is
still expanding

12
STI Norland prides itself on a commitment to innovation and to the
continuous improvement of its products and processes, while ensuring
that it maintains close relations with customers from the inception of the
project through to its completion.
Today, it is a fully international company, and sees scope for further

181%
growth. “The solar sector is booming, in many different countries around
the globe, and this always brings new opportunities,” Alberto says. “There
are now more people working in the solar industry than other energy
sector, such as gas fields or oil rigs.” Countries in which
A growing conviction that the expansion of solar energy is vital – if STI Norland has installed 2-YEAR JOB
3-YEAR COMPOUND
we are to limit the damage being done to the environment – is likely ANNUAL GROWTH
to ensure that STI Norland continues to open up new markets. Alberto one of its projects GROWTH RATE

119%
believes that solar energy has proven itself to be a worthy competitor to
other conventional energy sources.
“Our goal is to keep on designing avant-garde products, which are
more intelligent, and in this way allow our customers to increase their
production of clean energy,” he says.

106 107
EXPERT COMMENTARY CONSUMER SERVICES

CAPITAL MARKET FINANCE
REMAINS NEGLECTED IN EUROPE

Green bonds.
KAREL LANNOO THE CEO OF CEPS CALLS FOR A MORE RADICAL APPROACH TO
CHIEF EXECUTIVE OFFICER, CENTRE FOR EUROPEAN FINANCING IN ORDER TO ACHIEVE A DEEPER CAPITAL MARKET
POLICY STUDIES (CEPS)
UNION THROUGHOUT EUROPE

Three years after the EU’s capital markets from a financial stability and market
union (CMU) announcement, little has efficiency perspective, it seems that a
changed in the structure of the financing more radical and pronounced approach
of European corporations: bank financing is needed to achieve a deeper capital
remains the predominant share of market in Europe.
external finance of firms, with 67%. In The CMU initiative has so far only
fact, its share has even increased. generated two measures: to stimulate
Very few firms see a shift in their
external financing mix towards capital
securitisation and to facilitate IPOs.
More far-reaching initiatives should first
London Stock Exchange, a partner of the United Nations Sustainable
markets. According to the latest Survey enhance awareness of different forms of Stock Exchanges (SSE) initiative, aims to support the further
on Investment and Investment Finance financing with entrepreneurs. Corporate development of the green bond market. As the leading international
of the European Investment Bank (EIBIS), tax systems should be radically modified
only 2% of firms hope to increase the financial centre for green finance, we offer dedicated segments
importance of equity. Bond issuance is “A MORE RADICAL AND for environmentally-friendly debt instruments with the purpose
planned as a future source of capital by
only 4% of firms.
PRONOUNCED APPROACH to provide greater transparency around pricing and features of
IS NEEDED TO ACHIEVE A
The EIBIS survey is probably one of
DEEPER CAPITAL MARKET green bonds for both issuers and investors.
the most comprehensive reports on the
financial needs of European firms, based UNION IN EUROPE”
on an annual survey of more than 12,500
firms, SMEs and corporates, in the to reduce the debt-to-equity bias and For more information, please visit
EU 28. It assesses the investment abolish double taxation of dividend www.lseg.com/greenbonds
activities and capital stock of firms, and income in the EU.
sees the lack of skilled staff, and business On the demand side, households
or contact us at bonds@lseg.com
and labour market regulations as major should be stimulated to have a more
“MORE FAR-REACHING INITIATIVES barriers to investment. balanced asset allocation, away from
SHOULD FIRST ENHANCE AWARENESS OF Apart from bank financing, the second the pre-dominance of deposits in Europe.
DIFFERENT FORMS OF FINANCING WITH most important course of external Institutional investors' asset allocation
ENTREPRENEURS” finance is leasing, with 23%. varies widely, but is on average over-

2%
exposed to bonds (see OECD’s Global
Pension Fund Statistics).
Pension funds portfolios in Germany,
for example, have only 3% in equity.
PROPORTION OF FIRMS Then they complain that the ECB’s
HOPING TO INCREASE THEIR quantitative easing policy is the source
EQUITY INVESTMENT of their low returns.
The de-leveraging of banks in
Capital markets, both equity and bond Europe since the financial crisis has
issues, are rarely reported by firms in the not been replaced by more market
survey, making up on average only 0.4% financing. This should be a wake-up
and 2% of external finance. call for policymakers to re-assess the
Even if a more balanced structure of regulatory framework, and create a real
external financing would be desirable capital markets climate.

108 109
COUNTRY OVERVIEW EXPERT COMMENTARY

1000 COMPANIES
SPAIN SNAPSHOT
INTEGRATE TO
€45M INNOVATE
SPAIN’S 70 LISTED COMPANIES ARE RESPONSIBLE FOR AN AVERAGE
IMPRESSIVE 118% 3-YEAR COMPOUND ANNUAL GROWTH RATE. REVENUE
BY JONÁS FERNÁNDEZ MEP AN INTEGRATED EUROPEAN MARKET IS THE ONLY WAY
FOR A FULL LIST OF COMPANIES FROM SPAIN, TURN TO PAGE 141 MEMBER, ECONOMIC AND MONETARY AFFAIRS EUROPEAN FIRMS CAN TRULY SUPPORT INNOVATION
COMMITTEE, EUROPEAN PARLIAMENT, S&D
AND GROWTH, AND COMPETE ON THE GLOBAL STAGE

FOOD & DRINK
COMPANIES
118 % I am delighted to associate myself with
this edition of 1000 Companies to Inspire
Europe. This report clearly illustrates that
Small and Medium-sized Enterprises), the
Horizon 2020 Framework Programme or,
more recently, the EFSI (European Fund
3-YEAR COMPOUND SMEs play an important role in economic for Strategic Investment). It also includes

12
ANNUAL GROWTH growth and high-quality job creation, measures to tackle the fragmentation of
stimulating entrepreneurial spirit and the financial markets in Europe, where
RATE innovation. More importantly, it shows the capital markets union (CMU) and
that this achievement is spread across the new fintech markets are of
the 28 member states and through undeniable importance.
different sectors of activity, business However, we as politicians must
models and ownership structures. be aware that no measure, no matter
In fact, one cannot forget that SMEs how sound it might be, will produce
represent 99% of all businesses in the the intended results if not known and
MANUFACTURING EU and are responsible for 90 million
& ENGINEERING jobs and 60% of the value added to the “THE SME SECTOR
COMPANIES economy. However, it is also important ENCOMPASSES ENTERPRISES

12
not to forget that the SME sector is WITH VARYING NUMBERS OF
not homogeneous. It encompasses EMPLOYEES AND SECTORS OF
enterprises with different ownership ECONOMIC ACTIVITY”
structures and varying numbers of
employees and sectors of economic used. And what we can still see in our
activity, which translate into different constituencies is that the majority
levels of access to financing alternatives, of SMEs, especially micro and small
administrative and regulatory burden enterprises, lack knowledge of the
and information and financial literacy. existence of financing alternatives and
“THE MAJORITY OF SMEs LACK KNOWLEDGE Recognising the importance of the the expertise to deal with these more
REGISTERED OF THE EXISTENCE OF FINANCING sector for Europe’s growth and future, complex, bureaucratic and costly options.
TRADEMARKS ALTERNATIVES AND THE EXPERTISE the European Commission, the European Our priority must now be to

94
TO DEAL WITH THESE OPTIONS” Parliament and the Council have worked complete the CMU and to establish the
to improve and facilitate access to mechanisms to help all SMEs understand
finance for SMEs. This is through the the alternative funding opportunities,
TENERIFE creation of EU funds such as COSME and how to reach them, and aid them
(Competitiveness of Enterprises and in finding the specific needs of different
business types.

90m
If we manage to do this in a consistent
and widely spread way across the EU,
2-YEAR JOB NUMBER OF the capacity for innovation, growth and
GROWTH COMPANIES job creation stemming from SMEs will

95 %
70
NUMBER OF JOBS PROVIDED materialise and fulfil its potential.
BY SMEs THROUGHOUT THE EU This is my wish.

110 111
COUNTRY OVERVIEW
Welcome to the business of certainty

1000 COMPANIES
POLAND SNAPSHOT
POLAND’S 30 LISTED COMPANIES CAN POINT TO A HIGHLY IMPRESSIVE
AVERAGE REVENUE OF €63M. FOR A FULL LIST OF COMPANIES FROM
POLAND, TURN TO PAGE 140

When companies €63M
AVERAGE

want to understand 30
NUMBER OF
REVENUE

who they’re doing COMPANIES

business with,
they ask us.
IT COMPANIES

5
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company data can help your organisation:

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REGISTERED
3-YEAR COMPOUND TRADEMARKS
Request your free trial ANNUAL GROWTH
at bvdinfo.com or email RATE
bvd@bvdinfo.com
112 113
The ELITE Connect Portal CONSUMER SERVICES

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ELITE Connect – Your connection to investment opportunities
ELITE Connect – Your connection to investment opportunities
115

ELITE Connect – Your connection to investment opportunities
DIRECTORY COUNTRY OVERVIEW

Austria MR MASCHINENRING BSD EUROCHAMPIGNON
1000 COMPANIES
LATVIA SNAPSHOT
www.maschinenring.at www.bsd.be www.eurochampignon.eu
Sector: Landscape Services Sector: Packaging Facilities Sector: Agriculture & Farming
A.ZOPPOTH HAUSTECHNIK Revenue: €40M to €50M Revenue: €50M to €75M & Forestry
GMBH Revenue: €20M to €30M
www.zoppoth.net NEUHOFER HOLZ GMBH BUZZISPACE
Sector: Facilities Services
Revenue: €20M to €30M
www.fnprofile.com www.tecnospace.com FACE LATVIA OFFERS A SMALL MARKET AT PRESENT, BUT IT IS A DYNAMIC
Sector: Manufacturing Sector: Facilities Services www.face.be

€36M
Revenue: €40M to €50M Revenue: €20M to €30M Sector: Facilities Services ONE WITH GENUINE POTENTIAL FOR EXPANSION. FOR A FULL LIST OF
FIXKRAFT-FUTTERMITTEL
GMBH
Revenue: €30M to €40M COMPANIES FROM LATVIA, TURN TO PAGE 137
OTTO WOHLGENANNT COFFEETEAM
www.fixkraft.at GESELLSCHAFT M.B.H.
Sector: Manufacturing www.coffeeteam.be LAMETT EUROPE
Revenue: €50M to €75M
www.wohlgenannt.co.at Sector: Wholesale www.lamett.eu AVERAGE
Sector: Machining
Revenue: €20M to €30M
Revenue: €50M to €75M Sector: Retail REVENUE
Revenue: €20M to €30M
HERBERT LUGITSCH U. SÖHNE

5
GES.MBH CULTUREL LUDIQUE
PIRLO DIVERTISSEMENT MOVE INTERMODAL
www.h.lugitsch.at www.pirlo.com
Sector: Wholesale DISTRIBUTION www.move-intermodal.com
Sector: Packaging Facilities www.cld.be Sector: Transportation
Revenue: €75M to €100M Revenue: €40M to €50M Sector: Retail Revenue: €75M to €100M
HOLLU SYSTEMHYGIENE GMBH
Revenue: €50M to €75M NUMBER OF
PORO COMPANIES
www.hollu.com www.poro.at P&V ELEKTROTECHNIEK
Sector: Manufacturing DE CRAENE www.pnv.mobi
Sector: Chemicals
Revenue: €40M to €50M www.decraene.com Sector: Wholesale
Revenue: €50M to €75M
Sector: Chemicals Revenue: €20M to €30M
JÖBSTL BAUERNGUT GMBH Revenue: €20M to €30M
SCHEUCHER HOLZINDUSTRIE
www.joebstl.cc GMBH POLCA
Sector: Food & Drink www.scheucherparkett.at DEN BERK www.polcapate.be
Revenue: €100M to €150M Sector: Retail www.denberk.be Sector: Food & Drink
Revenue: €40M to €50M Sector: Agriculture & Farming Revenue: €20M to €30M
JOHANN PABST & Forestry
HOLZINDUSTRIE GMBH Revenue: €20M to €30M RACE PRODUCTIONS
SEBRING TECHNOLOGY GMBH.
www.pabst-holz.com www.sebring.at www.ridley-bikes.com
Sector: Agriculture & Farming Sector: Manufacturing ELEXYS Sector: Manufacturing
& Forestry Revenue: €50M to €75M www.elexys.be Revenue: €50M to €75M
Revenue: €75M to €100M Sector: Energy
Revenue: €50M to €75M
SINNESBERGER GMBH
KROBATH TECHNIK www.sinnesberger.at
www.kgt.krobath.com Sector: Retail
Sector: Facilities Services Revenue: €40M to €50M
Revenue: €30M to €40M
UITZ
KS ENGINEERS www.uitz-muehle.at
www.ksengineers.at Sector: Retail
Sector: Engineering Revenue: €10M to €20M
Revenue: €75M to €100M

LOGICDATA PG 29
www.logicdata.net Belgium

42%
Sector: Technology
Revenue: €50M to €75M ACE PACKAGING
www.acepackaging.be
Sector: Packaging Facilities
LÜFTNER CRUISES
Revenue: €30M to €40M 2-YEAR JOB
www.lueftner-cruises.com
GROWTH 3-YEAR COMPOUND
Sector: Travel & Leisure
ANNUAL GROWTH

9%
Revenue: €50M to €75M ANTWERP METAL LOGISTICS
www.amlnv.be RATE
MOSSER Sector: Transportation
www.mosser.at Revenue: €20M to €30M
Sector: Manufacturing
Revenue: €40M to €50M BELGIAN PORK GROUP
www.belgianporkgroup.com/en
Sector: Food & Drink
Revenue: €50M to €75M

116 117
DIRECTORY

RENSON SUNPROTECTION-
SCREENS
Bulgaria ARLYCO LTD
www.arlyco.com
Czech Republic LOGIK SRO KEN HYGIENE SYSTEMS A/S
www.log.cz www.ken.dk
www.renson.be Sector: Food & Drink 4EVER SRO Sector: Administrative Services Sector: Manufacturing & Engineering
EL STOMANA LTD
Sector: Engineering Revenue: €20M to €30M www.4ever.cz Revenue: €20M to €30M Revenue: €150M to €250M
www.elstomana.com
Revenue: €40M to €50M Sector: Retail
Sector: Manufacturing
Revenue: €20M to €30M C.A. PAPAELLINAS LTD Revenue: €20M to €30M MARLENKA INTERNATIONAL KNUD LARSEN BYGGECENTER
SANTENS GROEP www.cap.com.cy SRO A/S
www.santensmetaalwaren.be FERTBUL Sector: Retail AMEDIS SRO www.marlenka.cz www.byggecenter.dk
Sector: Wholesale www.fertbul.com Revenue: €150M to €250M www.amedis.cz Sector: Food & Drink Sector: Retail
Revenue: €40M to €50M Sector: Chemicals Sector: Health Revenue: €10M to €20M Revenue: €30M to €40M
Revenue: €20M to €30M KWAK TELECOM LTD Revenue: €30M to €40M
SOLEA INTERNATIONAL www.kwak-telecom.com MONTIX AS LTP GROUP A/S
www.soleainternational.com MOST ENERGY Sector: Telecommunications ASTUR JESENÍK SRO www.montix.cz www.l-t-p.com
Sector: Wholesale www.mostenergy.eu Revenue: €10M to €20M www.astur.cz Sector: Manufacturing Sector: Clothing
Revenue: €30M to €40M Sector: Utilities Sector: Wholesale Revenue: €20M to €30M Revenue: €50M to €75M
Revenue: €20M to €30M PETROU BROS DAIRY Revenue: €50M to €75M
SOMNIS BEDDING PRODUCTS LTD Z+M PARTNER SRO NETCOMPANY A/S
www.somnis.com VIDEONOV FURNITURE www.petroubros.com.cy BARCLET AS www.zmpartner.cz www.netcompany.com
Sector: Manufacturing www.videnov.com Sector: Food & Drink www.barclet.cz Sector: Facilities Services Sector: IT & Technology
Revenue: €30M to €40M Sector: Retail Revenue: €30M to €40M Sector: Business Services Revenue: €20M to €30M Revenue: €100M to €150M
Revenue: €20M to €30M Revenue: €20M to €30M
STEPHEX STABLES ZEMPRON SRO OXYMAT A/S
www.stephex.com WALLTOPIA PG 69 IRE-TEX PRAHA SRO www.zempron.cz www.oxymat.com
Sector: Professional Services www.walltopia.com www.iretex.cz Sector: Agriculture/Farming/Forestry Sector: Manufacturing
Revenue: €50M to €75M Sector: Consumer Services Sector: Packaging Facilities Revenue: €20M to €30M Revenue: €20M to €30M
Revenue: €20M to €30M Revenue: €20M to €30M
TEC ICT
www.digit4.be Denmark P/F JFK
Sector: Technology
Revenue: €20M to €30M
Croatia www.jfk.fo
Sector: Food & Drink
AARSTIDERNE A/S Revenue: €40M to €50M
BOMARK PAK D.O.O. www.aarstiderne.com XL-BYG
TELEVIC AUDIO-VISUAL
www.televic.com
www.bomarkpak.hr
Sector: Packaging Facilities
Sector: Food & Drink
Revenue: €50M to €75M
PINDSTRUP MOSEBRUG A/S
www.pindstrup.dk
www.xl-byg.dk Finland
Sector: Telecommunications Sector: Wholesale
Revenue: €30M to €40M Sector: Agriculture & Farming
Revenue: €20M to €30M Revenue: €50M to €75M AM SECURITY OY
ALFAPEOPLE APS & Forestry
FRANCK D.D. www.alfapeople.com Revenue: €100M to €150M www.amsecurity.fi

Estonia
TOURING www.franck.eu Sector: IT & Technology Sector: Security
www.touring.be Sector: Food & Drink Revenue: €30M to €40M Revenue: €30M to €40M
POLAR RAAJAT A/S
Sector: Professional Services Revenue: €100M to €150M www.polarseafood.dk
Revenue: €100M to €150M BILLETTEN A/S Sector: Food & Drink AS GRAANUL INVEST ÅNGFARTYGS AKTIEBOLAGET
INVEST SEDLIĆ D.O.O. www.billetten.dk Revenue: €75M to €100M www.graanulinvest.ee ALFA
TRIBU www.sedlic.hr Sector: Travel & Leisure Sector: Manufacturing & Engineering www.lundqvist.aland.fi
www.tribu.be Sector: Transportation Revenue: €50M to €75M Revenue: €150M to €250M Sector: Transportation
SPORT24 A/S Revenue: €50M to €75M
Sector: Manufacturing Revenue: €20M to €30M www.sport24.dk
Revenue: €20M to €30M DINEL A/S Sector: Clothing ESTRAVEL AS
KRAŠ D.D. www.dinel.dk Revenue: €50M to €75M www.estravel.ee ISKU INTERIOR OY
TRIMBLE www.kras.hr Sector: Utilities Sector: Travel & Leisure www.isku.fi
www.punchtelematix.com Sector: Food & Drink Revenue: €50M to €75M Revenue: €50M to €75M Sector: Design
Revenue: €100M to €150M THOMSEN FOOD LINE A/S Revenue: €75M to €100M
Sector: Logistics www.thomsen-foodline.dk
Revenue: €20M to €30M EUROWIND ENERGY A/S Sector: Wholesale ETS NORD AS
SOLVIS D.O.O. www.ewe.dk Revenue: €50M to €75M www.etsnord.com JAN-ERIK SIGG AB
VITAFOR www.solvis.hr Sector: Green Sector: Manufacturing www.siggpac.fi
www.vitafor.com Sector: Manufacturing & Engineering Revenue: €75M to €100M Revenue: €20M to €30M Sector: Agriculture & Farming
Revenue: €20M to €30M VEGA SALMON A/S PG 42 & Forestry
Sector: Pharmaceutical & Science www.vegasalmon.dk
Revenue: €20M to €30M FAVOR AS Revenue: €20M to €30M
KARSTENSENS SKIBSVÆRFT Sector: Food & Drink
WORLD TRADE Cyprus A/S
www.karstensens.dk
Revenue: €100M to €150M www.favor.ee
Sector: Machining KAEFER OY
www.world-trade.be Sector: Engineering Revenue: €20M to €30M www.kaefer.fi
Sector: Food & Drink WECO TANKERS Sector: Engineering
ALION VEGETABLES Revenue: €100M to €150M
www.wecotankers.com
Revenue: €50M to €75M & FRUIT CO LTD PG 40 MISTRA-AUTEX AS Revenue: €20M to €30M
Sector: Transportation
www.alionveg.com KEFLICO A/S Revenue: €20M to €30M www.mistra.ee
YVES MAES Sector: Food & Drink www.keflico.com Sector: Textiles KOJA OY
www.containersmaes.be Revenue: €10M to €20M Sector: Wholesale Revenue: €20M to €30M www.koja.fi
Sector: Manufacturing Revenue: €20M to €30M Sector: Manufacturing
Revenue: €20M to €30M Revenue: €50M to €75M

118 119
DIRECTORY

AGRO SOURCING AZUR INDUSTRIES EKIBIO
MULTITRONIC OY REALMACHINERY OY CENTRALE CONVERGENCE www.ekibio.fr
www.multitronic.fi www.realmachinery.fi www.agrosourcing.com www.azurindustries.com www.convergence-achats.fr Sector: Food & Drink
Sector: Electronics Sector: Machining Sector: Food & Drink Sector: Manufacturing Sector: Food & Drink Revenue: €75M to €100M
Revenue: €50M to €75M Revenue: €20M to €30M Revenue: €10M to €20M Revenue: €20M to €30M Revenue: €100M to €150M

AIRNAUTIC FRANCE BABOLAT ERHARD PATISSIER GLACIER
OULUN KORU OY SKYR CENTTHOR www.glaces-erhard.com
www.oulunkoru.fi www.skyr.fi www.airnautic.fr www.babolat.fr www.centthor.com
Sector: Retail Sector: Food & Drink
Sector: Retail Sector: Food & Drink Sector: Aviation Services Sector: Design
Revenue: €100M to €150M Revenue: €40M to €50M
Revenue: €50M to €75M Revenue: €20M to €30M Revenue: €30M to €40M Revenue: €30M to €40M

ALEDA SAS BIOTONE TECHNOLOGIE SA ERIC BOMPARD
OY ALUSTEEL AB SLM FINLAND OY CEREALIS www.eric-bompard.com
www.alusteel.fi www.slm.fi www.aleda.fr www.biotone.fr www.cerealis.com
Sector: Pharmaceutical & Science Sector: Clothing
Sector: Machining Sector: Food & Drink Sector: Financial Services Sector: Food & Drink
Revenue: €20M to €30M Revenue: €50M to €75M
Revenue: €20M to €30M Revenue: €20M to €30M Revenue: €75M to €100M Revenue: €150M to €250M

ALIZE INTERNATIONAL BOWDEN EURO TVS – TRAITEMENT
OY CANORAMA AB SOLITA OY CHALLANCIN PRÉVENTION VALEURS SERVICES
www.canorama.fi www.solita.fi www.alize-international.com www.bowden.fr ET SÉCURITÉ
Sector: Manufacturing www.eurotvs.fr
Sector: Electronics Sector: IT & Technology Sector: Food & Drink www.challancin.fr
Revenue: €20M to €30M Sector: IT & Technology
Revenue: €20M to €30M Revenue: €40M to €50M Revenue: €40M to €50M Sector: Security Revenue: €30M to €40M
Revenue: €50M to €75M
OY KOHIWOOD LTD TUULIWATTI OY ALSTEF AUTOMATION SA BROUSSE-VERGEZ
www.kohiwood.fi www.tuuliwatti.fi www.alstef.com www.brousse-vergez.com CHARLOTT’
Sector: Manufacturing Sector: Energy Sector: Manufacturing & Engineering Sector: Food & Drink www.charlott.fr
Revenue: €20M to €30M Revenue: €50M to €75M Revenue: €40M to €50M Revenue: €40M to €50M Sector: Clothing (Manufacturing)
Revenue: €20M to €30M EUROCOMPOSANT
OY MATKAHUOLTO AB ANAVEO CESG SAS CONSULTANTS COMPOSITEWORKS www.eurocomposant.fr
www.matkahuolto.fi
Sector: Travel & Leisure
France www.anaveo.com
Sector: Security
EUROP SECURITE
www.cesg.fr
CHATEAU D’ESCLANS FRANCE
www.compositeworks.com
Sector: Electronics
Revenue: €40M to €50M
www.esclans.com
Revenue: €75M to €100M Revenue: €50M to €75M Sector: Security Sector: Food & Drink Sector: Engineering
ABBAKAN FRANCE Revenue: €20M to €30M Revenue: €40M to €50M EUROSIT
www.abbakan.com Revenue: €20M to €30M
POLAR ELECTRO OY ANDREZ BRAJON www.eurosit.fr
Sector: IT & Technology DELANE SI
DUPONT EST CETUP – COMPAGNIE CONCEPT EMBALLAGE Sector: Travel & Leisure
www.polar.com Revenue: €30M to €40M CHAULNES TEXTILES www.delanesi.com
www.espace-aubade.fr EUROPEENNE DE TRANSPORTS SIGNATURE VOS VINS Revenue: €30M to €40M
Sector: Fitness & Health INDUSTRIES Sector: Technology
Revenue: €150M to €250M Sector: Wholesale UNIQUES PERSONNALISES www.cti-sa.fr www.concept-emballage.fr Revenue: €30M to €40M
ACIERNET Revenue: €100M to €150M www.cetup.fr Sector: Packaging Facilities EVENTEAM
www.aciernet.com Sector: Textiles
Sector: Transportation Revenue: €30M to €40M Revenue: €20M to €30M www.eventeam.fr
QVANTEL OY Sector: IT & Technology Revenue: €20M to €30M DIGITAL GLOBAL PASS
www.qvantel.com ARMOR INTERIM Sector: Business Services
Revenue: €50M to €75M www.digital-global-pass.fr
www.servagroupe.fr/armor-interim/ CONTINENTALE Revenue: €20M to €30M
Sector: IT & Technology CLAUGER Sector: IT & Technology
Revenue: €20M to €30M Sector: Administrative Services CANADELL www.clauger.fr PROTECTIONS Revenue: €50M to €75M
AGROBIOTHERS Revenue: €20M to €30M www.canadell.com SERVICES EVOX TRADING
LABORATOIRE Sector: Machining
Sector: Consumer Services Revenue: €100M to €150M www.cps-securite.fr www.evox.fr
RAAHEN RAUTAKAUPPA OY www.agrobiothers.com Revenue: €20M to €30M DIPTYQUE
ATELIERS ROCHE Sector: Security Sector: Telecommunications
www.ojanrauta.com Sector: Veterinary Services www.diptyqueparis.fr
www.ateliersroche.fr Revenue: €20M to €30M Revenue: €30M to €40M
Sector: Retail Revenue: €40M to €50M CLEIA Sector: Consumer Services
Revenue: €50M to €75M Sector: Manufacturing CAT-AMANIA www.cleia.fr Revenue: €30M to €40M
Revenue: €20M to €30M www.cat-amania.com Sector: Manufacturing DOMAINES PAUL MAS EXO INTERNATIONAL
Sector: Technology Revenue: €20M to €30M www.paulmas.com www.exo-international.com
Revenue: €20M to €30M Sector: Food & Drink
DISTRITEC
AU FORUM DU BATIMENT Sector: Machining
www.distritec.eu
www.afdb.fr Revenue: €40M to €50M Revenue: €20M to €30M
CNCR GROUP Sector: Logistics
Sector: Retail CELAD www.cncr-group.fr Revenue: €20M to €30M
Revenue: €100M to €150M www.celad.com Sector: IT & Technology DALTYS EST FOLIATEAM
Sector: IT & Technology Revenue: €20M to €30M www.daltys.com www.foliateam.com
Revenue: €50M to €75M Sector: Facilities Services
DISTRIWAN
AVIFRANCE Sector: Telecommunications
www.distriwan.fr
www.avifrance.fr Revenue: €20M to €30M Revenue: €10M to €20M
COMME J’AIME Sector: Telecommunications
Sector: Aviation Services CELERIS INFORMATIQUE www.commejaime.fr Revenue: €20M to €30M
Revenue: €50M to €75M www.celeris.fr Sector: Food & Drink D’ARPÈJE FRANCE COLLECTIVITES
Sector: IT & Technology Revenue: €30M to €40M www.darpeje.com www.france-collectivites.fr
Revenue: €20M to €30M Sector: Wholesale
DOMINIQUE DUTSCHER
AX BIO OCEAN Sector: Pharmaceutical & Science
www.dutscher.com
www.axbioocean.fr Revenue: €20M to €30M Revenue: €20M to €30M
COMPAGNIE GÉNÉRALE DE Sector: Pharmaceutical & Science
Sector: Health CENEXI VIDÉOTECHNIQUE Revenue: €75M to €100M
Revenue: €20M to €30M www.cenexi.com www.cgv.fr DAUPHINE ISOLATION FROMAGERIE BADOZ
Sector: Pharmaceutical & Science Sector: Electronics ENVIRONNEMENT EGG AU CARRÉ www.fromagerie-badoz.com
Revenue: €100M to €150M Revenue: €20M to €30M www.di-environnement.com Sector: Food & Drink
www.egg-events.com
Sector: Environmental Services Sector: Business Services Revenue: €20M to €30M
Revenue: €30M to €40M Revenue: €20M to €30M

120 121
DIRECTORY COUNTRY OVERVIEW

1000 COMPANIES
€62M
GEORGES HELFER SA FRANCE HJC EUROPE IN’TECH MEDICAL LA VIE CLAIRE

ESTONIA SNAPSHOT
www.georgeshelfer.com www.hjc-europe.com www.intech-medical.com www.lavieclaire.com
Sector: Import & Export Sector: Retail Sector: Health Sector: Food & Drink
Revenue: €40M to €50M Revenue: €30M to €40M Revenue: €30M to €40M Revenue: €100M to €150M

GERIA CONTRACT HUILERIE CAUVIN INTERWAY LANGA SOLUTION
AVERAGE
www.geria.fr www.huilecauvin.com www.interway.fr www.langa.fr ESTONIA’S COMPANIES BOAST AN IMPRESSIVE 38% ANNUAL REVENUE
Sector: Retail Sector: Food & Drink Sector: IT & Technology Sector: Energy
Revenue: €20M to €30M Revenue: €20M to €30M Revenue: €30M to €40M Revenue: €40M to €50M JOB GROWTH AND AVERAGE REVENUE OF €62M. FOR A FULL LIST OF
COMPANIES FROM ESTONIA, TURN TO PAGE 119
GUINAULT SA HUTTOPIA INTM LE GRENIER DES
www.guinault.com www.huttopia.com www.intm.fr GASTRONOMES

5
Sector: Aviation Services Sector: Travel & Leisure Sector: IT & Technology www.le-grenier-des-gastronomes.fr
Revenue: €30M to €40M Revenue: €0M to €10M Revenue: €50M to €75M Sector: Food & Drink
Revenue: €20M to €30M
H CHEVALIER IDEAL MEETINGS & EVENTS IRSH
www.hchevalier.com www.idealgourmet.fr www.independanceroyale.com LIDIS
Sector: Professional Services Sector: Business Services Sector: Retail www.lidis.fr
NUMBER OF
Revenue: €20M to €30M Revenue: €20M to €30M Revenue: €20M to €30M Sector: Food & Drink 2-YEAR JOB COMPANIES
Revenue: €20M to €30M GROWTH

38%
HAPPY CURL IMV TECHNOLOGIES JARDEL SERVICES
www.laboutiqueducoiffeur.com www.imv-technologies.com www.jardeltransport.com LOUIS GENTILIN SAS
Sector: Retail Sector: Health Sector: Transportation www.gentilin.com
Revenue: €30M to €40M Revenue: €40M to €50M Revenue: €75M to €100M Sector: Aviation Services
Revenue: €30M to €40M
HAUTE TECHNOLOGIE ET INIT SYS JIMENEZ F V A
INTELLIGENCE www.initsys.fr www.jimenez-fva.com MAISON BOUCHARD
www.apside.fr Sector: Telecommunications Sector: Transportation PÈRE ET FILS
Sector: IT & Technology Revenue: €20M to €30M Revenue: €30M to €40M www.bouchard-pereetfils.com
Revenue: €20M to €30M Sector: Food & Drink
INSTITUT TECHNIQUE JM POLYMERS Revenue: €50M to €75M
HAWKINS DISTRIBUTION GAZ ET AIR www.jmpolymers.fr
www.hawkinsdistribution.com www.itga.fr Sector: Manufacturing MÉCAFI
Sector: Import & Export Sector: Environmental Services Revenue: €20M to €30M www.mecafi.eu
Revenue: €20M to €30M Revenue: €50M to €75M Sector: Machining
JMT ALIMENTATION ANIMALE Revenue: €30M to €40M
www.jmt-alimentation-animale.com
Sector: Veterinary Services MENODIS
Revenue: €20M to €30M www.magasins-u.com
Sector: Retail
JULES BROCHENIN Revenue: €40M to €50M
www.brochenin.com
Sector: Food & Drink MONIN
Revenue: €50M to €75M www.france.monin.com
Sector: Food & Drink
KLEE CONSEIL & INTEGRATION Revenue: €75M to €100M
www.kleegroup.com
Sector: IT & Technology NATURENVIE
Revenue: €30M to €40M www.leanature.com
Sector: Retail
LA BOUTIQUE DES GROUPES Revenue: €100M to €150M
www.laboutiquedesgroupes.com

65%
Sector: Travel & Leisure NEOBAIE
Revenue: €20M to €30M www.neobaie.com
Sector: Manufacturing
LA PAYSAGERIE Revenue: €40M to €50M
www.lapaysagerie.com
MANUFACTURING
Sector: Landscape Services NEXIRA 3-YEAR COMPOUND & ENGINEERING
Revenue: €30M to €40M www.nexira.com ANNUAL GROWTH COMPANIES

2
Sector: Food & Drink
Revenue: €75M to €100M
RATE
LA PYRÉNÉENNE
www.lapyreneenne.com
Sector: Cleaning Services
Revenue: €40M to €50M

122 123
DIRECTORY

PROXELIA SOC ASTIER DEMAREST TRATO INDUSTRIES WESTEEL VOYAGES ALFRED H. SCHÜTTE AUER PACKAGING GMBH
www.proxelia.fr www.astierdemarest.com www.trato.fr www.westeelvoyages.com GMBH & CO. KG www.auer-packaging.de
Sector: Administrative Services Sector: Wholesale Sector: Manufacturing Sector: Travel & Leisure www.schuette.de Sector: Retail
Revenue: €20M to €30M Revenue: €20M to €30M Revenue: €30M to €40M Revenue: €20M to €30M Sector: Manufacturing Revenue: €75M to €100M
Revenue: €100M to €150M
RAIPONCE SOC INDUSTRIELLE RECUP VAN ROBAEYS FRERES AVODAQ AG
www.raiponce.fr
Sector: Food & Drink
METAUX
www.sirmet.fr
www.vanrobaeys.fr
Sector: Textiles
Germany AMBAU GMBH
www.ambau-gmbh.com
www.avodaq.com
Sector: IT & Technology
Revenue: €20M to €30M Sector: Environmental services Revenue: €20M to €30M Sector: Manufacturing Revenue: €30M to €40M
ALEGRI INTERNATIONAL
Revenue: €30M to €40M Revenue: €150M to €250M
SERVICE GMBH
RELAIS VERT VERSAILLES VOYAGES www.alegri.eu BÄCKER GÖRTZ GMBH
www.relais-vert.com SOCIETÉ DES EAUX DE MONT www.promosejours.com Sector: IT & Technology ANTON GERL GMBH  www.baecker-goertz.de
Sector: Food & Drink ROUCOUS Sector: Travel & Leisure Revenue: €20M to €30M www.gerl-dental.de Sector: Food & Drink
Revenue: €75M to €100M www.mont-roucous.com Revenue: €100M to €150M Sector: Retail Revenue: €50M to €75M
Sector: Food & Drink Revenue: €100M to €150M
ACTECH GMBH
RICHEL GROUP Revenue: €30M to €40M VERSO FINANCE BAKERMAN GMBH & CO. KG 
www.actech.de
www.richel.fr www.versofinance.fr Sector: Machining APOPROJEKT GMBH www.bakerman.de
Sector: Agriculture & Farming SOCIETÉ INDUSTRIELLE Sector: Financial Services Revenue: €30M to €40M www.apoprojekt.de Sector: Food & Drink
& Forestry LIMOUSINE D’APPLICATION Revenue: €10M to €20M Sector: Engineering Revenue: €30M to €40M
Revenue: €75M to €100M BIOLOGIQUE AHP MERKLE GMBH Revenue: €75M to €100M
www.silab.fr VINOBEER BÄKO HANSA EG
www.ahp.de
S3M SÉCURITÉ Sector: Research & Development www.vandb.fr ARCLITE LICHTVERTRIEB www.baeko-hansa.de
Sector: Machining
www.agent-surete-securite- Revenue: €30M to €40M Sector: Food & Drink GMBH Sector: Food & Drink
Revenue: €20M to €30M
surveillance-paris.com Revenue: €30M to €40M ALFAPACK GMBH www.arclite.de Revenue: €150M to €250M
Sector: Security SOLUTEC www.alfapack.de Sector: Wholesale
NEXTEAM SERVICES PATRICOLA ENTREPRISE Revenue: €20M to €30M www.solutec.fr VISEO Sector: Food & Drink Revenue: €20M to €30M BALDERS UND HEINZE GMBH
www.nexteam-group.com www.patricola.fr Sector: IT & Technology www.viseo.com/fr Revenue: €20M to €30M www.balders-heinze.de
Sector: Machining Sector: Facilities Services SA ELECTRICITÉ GAY Revenue: €50M to €75M Sector: IT & Technology ARXES-TOLINA GMBH Sector: Wholesale
Revenue: €40M to €50M Revenue: €20M to €30M www.gay-electricite.com Revenue: €100M to €150M www.arxes-tolina.de Revenue: €20M to €30M
Sector: Professional Services SPH-GERARD BERTRAND Sector: Technology
NOMIOS PERRIN ET FILS Revenue: €20M to €30M www.gerard-bertrand.com Revenue: €40M to €50M BARLOG PLASTICS GMBH
www.nomios.fr www.familleperrin.com Sector: Food & Drink www.barlogplastics.de
Sector: IT & Technology Sector: Food & Drink SA VERMON Revenue: €75M to €100M ASSMANN BÜROMÖBEL Sector: Wholesale
Revenue: €30M to €40M Revenue: €50M to €75M www.vermon.com GMBH & CO. KG Revenue: €30M to €40M
Sector: Research & Development SYLEPS www.assmann.de
NOSIBE PHARMATIS Revenue: €30M to €40M www.syleps.com Sector: Manufacturing
BAUMANN GMBH
www.nosibe.com www.pharmatis.fr Sector: Engineering Revenue: €75M to €100M
www.baumann-automation.com
Sector: Food & Drink Sector: Pharmaceutical & Science SAFE Revenue: €20M to €30M Sector: Machining
Revenue: €20M to €30M Revenue: €30M to €40M www.safe-group.eu Revenue: €50M to €75M
Sector: Logistics SYNCHRONE TECHNOLOGIES
ORIENTIS GOURMET PLANISWARE Revenue: €20M to €30M www.synchrone-technologies.fr BECKER-ANTRIEBE GMBH
www.orientis-gourmet.com www.planisware.com Sector: IT & Technology www.becker-antriebe.com
Sector: Food & Drink Sector: IT & Technology SAFILIN Revenue: €100M to €150M Sector: Manufacturing
Revenue: €50M to €75M Revenue: €40M to €50M www.safilin.com Revenue: €50M to €75M
Sector: Textiles TERMINAL NORMANDIE MSC
OUEST ELECTRO TECHNIQUE PORTAGEO Revenue: €20M to €30M www.tnterminals.com
www.oet.fr
BEETZ BAUELEMENTE GMBH
www.portageo.fr Sector: Warehousing & Storage www.beetz-bauelemente.de
Sector: Engineering Sector: Administrative Services Revenue: €75M to €100M
Revenue: €40M to €50M
SEDEA ELECTRONIQUE Sector: Retail
Revenue: €20M to €30M www.sedea.fr Revenue: €20M to €30M
Sector: Electronics TEXTO
PAPREC TECHNIQUES PRO NATURA Revenue: €30M to €40M www.rivieresdelune.com
www.paprec.com BEHRENS-WÖHLK GROUP
www.pronatura.com Sector: Clothing www.behrens-woehlk-gruppe.de
Sector: Environmental services Revenue: €30M to €40M
Sector: Food & Drink SET ENVIRONNEMENT Sector: Professional Services
Revenue: €20M to €30M
Revenue: €100M to €150M PG 104 Revenue: €100M to €150M
www.set-environnement.com TITAN AVIATION
PARIS SAINT DENIS AERO PROTECTIM SECURITY Sector: Green www.titan-aviation.com
www.paris-st-denis.com BERNARD KRONE HOLDING
SERVICES SAS Revenue: €20M to €30M Sector: Aviation Services GMBH & CO KG
Sector: Aviation Services Revenue: €20M to €30M
www.protectim.fr www.krone-gmbh.com
Revenue: €30M to €40M
Sector: Security SIGMAPHI Sector: Wholesale
PARTNAIRE LOGISTIQUE
Revenue: €30M to €40M www.sigmaphi.fr TRANS INTER SUD-OUEST Revenue: €100M to €150M
www.partnaire.fr Sector: Manufacturing DE FRET
Sector: Logistics Revenue: €20M to €30M www.tisof.eu
Revenue: €20M to €30M Sector: Logistics
Revenue: €20M to €30M

124 125
DIRECTORY COUNTRY OVERVIEW

BERNHARD KREILING GMBH & CONNEXT COMMUNICATION 1000 COMPANIES
BELGIUM SNAPSHOT
CO. KG GMBH
www.kreiling.info www.connext.de
Sector: Food & Drink Sector: Technology
Revenue: €30M to €40M Revenue: €20M to €30M

BIKAR-ALUMINIUM GMBH
www.bikar-aluminium.com
Sector: Manufacturing
Revenue: €50M to €75M
CONTROLWARE GMBH
www.controlware.de
Sector: IT & Technology
Revenue: €150M to €250M
BELGIUM HAS 30 COMPANIES LISTED, MOSTLY IN THE NORTH OF
THE COUNTRY, WITH 33% 2-YEAR JOB GROWTH. FOR A FULL LIST OF
COMPANIES FROM BELGIUM, TURN TO PAGE 116
€42M
AVERAGE
BIO-ZENTRALE COR SEATING HELMUT LÜBKE REVENUE
NATURPRODUKTE GMBH GMBH & CO. KG
www.biozentrale.de www.cor.de

30
Sector: Wholesale Sector: Retail
Revenue: €50M to €75M Revenue: €30M to €40M

BIRGROUP HOLDING GMBH & COROPLAST FRITZ MÜLLER
CO. KG GMBH & CO. KG
www.birfood.de www.coroplast.de
NUMBER OF
Sector: Cleaning Services Sector: Manufacturing COMPANIES
Revenue: €50M to €75M Revenue: €250M+

DPL DEUTSCHE PALETTEN FECKEN-KIRFEL

42%
BMZ GRUPPE PG 49 DACHDECKER-EINKAUF SÜD
www.bmz-gmbh.de EG (DE SÜD) LOGISTIK GMBH GMBH & CO. KG
Sector: Manufacturing & Engineering www.deg-sued.de www.dpl-pooling.com www.fecken-kirfel.de
Revenue: €150M to €250M Sector: Wholesale Sector: Logistics Sector: Manufacturing
Revenue: €250M+ Revenue: €50M to €75M Revenue: €30M to €40M
BSS BRANDSCHUTZ 3-YEAR COMPOUND
SICHELSTIEL GMBH DAS ENVIRONMENTAL EXPERT DTH TIEMANN GMBH FKUR KUNSTSTOFF GMBH ANNUAL GROWTH
GMBH www.dth-tiemann.de www.fkur.com
www.brandschutz-sichelstiel.de
Sector: Wholesale Sector: Manufacturing
RATE
Sector: Professional Services www.das-europe.com
Revenue: €30M to €40M Sector: Environmental Services Revenue: €40M to €50M Revenue: €20M to €30M
Revenue: €40M to €50M
BUHL DATA SERVICE GMBH EBL-NATURKOST GMBH & CO G & S BUILDING AND
www.buhl.de DBK DAVID + BAADER GMBH www.ebl-naturkost.de SECURITY SERVICE GMBH
Sector: IT & Technology www.dbk-group.com Sector: Retail www.gundsberlin.de
Revenue: €100M to €150M Sector: Electronics Revenue: €50M to €75M Sector: Cleaning Services
Revenue: €75M to €100M Revenue: €20M to €30M
BURGIS GMBH EN.PLUS GMBH
www.burgis.de DELO INDUSTRIE KLEBSTOFFE www.en-plus.eu GARMO AG
Sector: Food & Drink GMBH & CO. KGAA Sector: Engineering www.garmo.de
Revenue: €30M to €40M www.delo.de Revenue: €20M to €30M Sector: Wholesale
Sector: Manufacturing & Engineering Revenue: €100M to €150M FOOD & DRINK
BÜROMARKT BÖTTCHER AG Revenue: €75M to €100M ENERTRAG AG COMPANIES

3
www.bueromarkt-ag.de www.enertrag.com GLOBAL MEAT GMBH
Sector: Retail DENKER & WULF AG Sector: Green & CO. KG
Revenue: €100M to €150M www.denkerwulf.de Revenue: €150M to €250M www.global-meat.de
Sector: Engineering Sector: Wholesale
Revenue: €250M+ Revenue: €40M to €50M
C. JOSEF LAMY GMBH ENTIREINFRA GMBH REGISTERED
www.lamy.de www.e-infra.com
Sector: Manufacturing & Engineering DEUTSCHE WINDTECHNIK AG Sector: Engineering GOM GMBH TRADEMARKS

60
Revenue: €75M to €100M www.deutsche-windtechnik.com Revenue: €20M to €30M www.gom.com
Sector: Environmental Services Sector: Manufacturing
Revenue: €75M to €100M Revenue: €100M to €150M
C.H. MÜLLER GMBH EPS GMBH 2-YEAR JOB
www.chmueller.eu www.eps-gmbh.com
Sector: Textiles DORMERO DEUTSCHLAND Sector: Wholesale GROUP7 AG GROWTH

33%
Revenue: €50M to €75M BETRIEBS GMBH Revenue: €20M to €30M www.group-7.de
www.dormero.de Sector: Logistics
Sector: Travel & Leisure Revenue: €75M to €100M
CANYON BICYCLES GMBH EWM AG
www.canyon.com Revenue: €40M to €50M www.ewm-group.com
Sector: Retail Sector: Manufacturing
Revenue: €150M to €250M Revenue: €40M to €50M

126 127
DIRECTORY

HEW-KABEL GMBH INTERSTUHL BÜROMÖBEL KSG LEITERPLATTEN GMBH MEAB MULAG FAHRZEUGWERK HEINZ OTTO HARRASSOWITZ GMBH
www.hew-kabel.com GMBH & CO. KG www.ksg.de www.meab.de WÖSSNER GMBH U. CO. KG & CO. KG
Sector: Manufacturing www.interstuhl.de Sector: Manufacturing Sector: Environmental Services www.mulag.de www.harrassowitz.de
Revenue: €50M to €75M Sector: Manufacturing Revenue: €75M to €100M Revenue: €100M to €150M Sector: Manufacturing Sector: Business Services
Revenue: €100M to €150M Revenue: €50M to €75M Revenue: €150M to €250M
HKS DREH-ANTRIEBE GMBH KUMAVISION AG MELEGHY AUTOMOTIVE GMBH
www.hks-partner.com IT2U GMBH www.kumavision.de & CO. KG MÜLLER-LICHT PARADIESFRUCHT GMBH
Sector: Machining www.it2u.de Sector: IT & Technology www.meleghyautomotive.de INTERNATIONAL GMBH www.paradise-fruits.de
Revenue: €20M to €30M Sector: Professional Services Revenue: €30M to €40M Sector: Manufacturing www.mueller-licht.de Sector: Food & Drink
Revenue: €100M to €150M Revenue: €150M to €250M Sector: Wholesale Revenue: €50M to €75M
HOLZ-RICHTER GMBH L.B. BOHLE MASCHINEN + Revenue: €50M to €75M
www.holz-richter.de JULIUS ZORN GMBH  VERFAHREN GMBH MERCATEO AG PAUL MUELLER GMBH
Sector: Wholesale www.juzo.de www.lbbohle.de www.mercateo.com NASS MAGNET GMBH www.paulmueller.de
Revenue: €50M to €75M Sector: Health Sector: Engineering Sector: Business Services www.nassmagnet.de Sector: Professional Services
Revenue: €50M to €75M Revenue: €50M to €75M Revenue: €150M to €250M Sector: Electronics Revenue: €40M to €50M
HORST SCHOLZ GMBH & CO. KG Revenue: €30M to €40M
www.scholz-htik.de KARL ETZEL GMBH LÄMMLE HOLZVERARBEITUNG MESSRING SYSTEMBAU MSG PHYSIK INSTRUMENTE (PI)
Sector: Manufacturing www.etzel-kunststoffverarbeitung.de GMBH GMBH NEUERO FARM- UND GMBH & CO. KG
Revenue: €30M to €40M Sector: Manufacturing www.laemmle-holz.de www.messring.de FÖRDERTECHNIK GMBH www.physikinstrumente.de
Revenue: €50M to €75M Sector: Logistics Sector: Manufacturing www.neuero-farm.de Sector: Research & Development
Revenue: €20M to €30M Revenue: €20M to €30M Sector: Agriculture & Farming & Revenue: €100M to €150M
HQM SACHSENRING GMBH
www.hqm-gruppe.de KERN MICROTECHNIK GMBH Forestry
Sector: Engineering www.kern-microtechnik.com LANDBÄCKEREI IHLE GMBH & MILLER ANLAGEN GMBH Revenue: €30M to €40M PIER 7 FOODS IMPORT GMBH
Revenue: €75M to €100M Sector: Machining CO. KG www.miller-anlagen.de www.pier7.de
Revenue: €20M to €30M www.ihle.de Sector: Leasing OCULUS OPTIKGERÄTE GMBH Sector: Wholesale
Sector: Food & Drink Revenue: €75M to €100M www.oculus.de Revenue: €40M to €50M
HS PRODUCTS ENGINEERING
GMBH KGW SCHWERINER Revenue: €50M to €75M Sector: Manufacturing
www.hsp-engineering.de MASCHINEN- UND MKN KURT NEUBAUER Revenue: €50M to €75M PLOCK GMBH
Sector: Machining ANLAGENBAU GMBH LANDBELL GMBH FACTORY www.plockgmbh.de
Revenue: €20M to €30M www.kgw-schwerin.de www.landbell.de GMBH & CO. KG OMNITRADE Sector: Consumer Services
Sector: Engineering Sector: Environmental Services www.mkn.eu HANDELSGESELLSCHAFT MBH Revenue: €30M to €40M
HTM HELICOPTER TRAVEL Revenue: €75M to €100M Revenue: €150M to €250M Sector: Manufacturing EUROFOOD
MUNICH GMBH Revenue: €75M to €100M HANDELSGESELLSCHAFT MBH PROSPEGA GMBH
www.helitravel.de KLAUS MULTIPARKING GMBH LANDWÄRME GMBH www.omnitrade-hamburg.com www.prospega.de
Sector: Aviation Services www.multiparking.com www.landwaerme.de MOBA MOBILE AUTOMATION Sector: Wholesale Sector: Media
Revenue: €20M to €30M Sector: Manufacturing Sector: Consumer Services AG Revenue: €150M to €250M Revenue: €40M to €50M
Revenue: €40M to €50M Revenue: €100M to €150M www.moba.de
HUBER PACKAGING GROUP Sector: Manufacturing PROWIN WINTER GMBH
GMBH KNUTH WERKZEUGMASCHINEN MAIREC Revenue: €40M to €50M www.prowin.net
www.huber-packaging.com GMBH EDELMETALLGESELLSCHAFT Sector: Consumer Services
HAINBUCH GMBH HAUS SCHAEBEN Revenue: €100M to €150M
SPANNENDE TECHNIK GMBH & CO. KG  Sector: Packaging Facilities www.knuth.de MBH MOMOX GMBH
Revenue: €150M to €250M Sector: Wholesale www.mairec.com www.momox.biz
www.hainbuch.com www.schaebens.de
Revenue: €30M to €40M Sector: Environmental Services Sector: Retail
Sector: Machining Sector: Retail
IBAK HELMUT HUNGER GMBH Revenue: €150M to €250M Revenue: €100M to €150M
Revenue: €75M to €100M Revenue: €50M to €75M
& CO KG KONRAD FRIEDRICHS GMBH &
HAIX GROUP HEINRICH VON www.ibak.de CO. KG MALAG & SOLTAU GMBH
Sector: Machining www.german-carbide.com www.malag-soltau.de
www.haix.com ALLWÖRDEN GMBH
Revenue: €50M to €75M Sector: Wholesale Sector: Wholesale
Sector: Manufacturing & Engineering www.von-allwoerden.de
Revenue: €50M to €75M Revenue: €30M to €40M
Revenue: €100M to €150M Sector: Food & Drink
Revenue: €100M to €150M INFECTOPHARM
HARRO HÖFLIGER ARZNEIMITTEL UND KOSATEC COMPUTER GMBH  MARTRADE SERVICES GMBH
VERPACKUNGSMASCHINEN HELMUT HECHINGER GMBH & CONSILIUM GMBH www.kosatec.de www.martrade-shipping.de
www.infectopharm.com Sector: IT & Technology Sector: Logistics
GMBH CO. KG
Sector: Pharmaceutical & Science Revenue: €100M to €150M Revenue: €40M to €50M
www.hoefliger.com www.hechinger.de
Revenue: €75M to €100M
Sector: Manufacturing & Engineering Sector: Machining
Revenue: €150M to €250M Revenue: €75M to €100M KRANKIKOM GMBH MASTERRIND GMBH
INTERGUSTO GMBH www.krankikom.de www.masterrind.com
www.inter-gusto.de Sector: Media Sector: Agriculture & Farming &
HARTKORN HENNIG ARZNEIMITTEL
Sector: Retail Revenue: €30M to €40M Forestry
GEWÜRZMÜHLE GMBH GMBH & CO. KG
Revenue: €30M to €40M Revenue: €150M to €250M
www.hartkorn-gewuerze.de www.hennig-am.de
Sector: Food & Drink Sector: Pharmaceutical & Science KRÜGER & GOTHE GMBH
Revenue: €20M to €30M Revenue: €40M to €50M www.kug-ems.de
Sector: Electronics
Revenue: €30M to €40M

128 129
DIRECTORY COUNTRY OVERVIEW

1000 COMPANIES
BULGARIA SNAPSHOT
PSB INTRALOGISTICS GMBH RIEDEL COMMUNICATIONS SEEPEX GMBH SWYX SOLUTIONS AG
www.psb-gmbh.de GMBH & CO. KG www.seepex.com www.swyx.com
Sector: Manufacturing & Engineering www.riedel.net Sector: Manufacturing Sector: Technology
Revenue: €75M to €100M Sector: Technology Revenue: €100M to €150M Revenue: €30M to €40M
Revenue: €75M to €100M
PTC GERMANY GMBH  SEIDEL GMBH & CO. KG TARGA GMBH
www.ptcgermany.de RÖDER HTS HÖCKER GMBH www.seidel.de www.targa.de
BULGARIA’S 76% 2-YEAR JOB GROWTH IS AN IMPRESSIVE FIGURE. FOR A
Sector: Wholesale www.roeder-hts.de Sector: Manufacturing Sector: Wholesale FULL LIST OF COMPANIES FROM BULGARIA, TURN TO PAGE 118
Revenue: €100M to €150M Sector: Facilities Services Revenue: €75M to €100M Revenue: €75M to €100M
Revenue: €100M to €150M
RAHM ZENTRUM FÜR SIEBENWURST WERKZEUGBAU TECONJA MBH
GESUNDHEIT ROSE BIKES GMBH GMBH www.teconja.de

€25M
www.rahm.de www.rosebikes.de www.siebenwurst-wzb.de Sector: Transportation
Sector: Fitness & Health Sector: Retail Sector: Manufacturing Revenue: €20M to €30M
Revenue: €50M to €75M Revenue: €75M to €100M Revenue: €20M to €30M

RALF BOHLE GMBH
www.schwalbe.com
Sector: Retail
RUDOLF OSTERMANN GMBH
www.ostermann.eu
Sector: Professional Services
SIEGER GMBH
www.sieger.eu
Sector: Manufacturing
TELENOT ELECTRONIC GMBH
www.telenot.de
Sector: Electronics
Revenue: €50M to €75M
5 CONSUMER
AVERAGE
REVENUE
Revenue: €100M to €150M Revenue: €75M to €100M Revenue: €50M to €75M NUMBER OF SERVICES

1
THERMOFIN GMBH COMPANIES
RAUSCH & PAUSCH GMBH SBN WÄLZLAGER SIMEONSBETRIEBE GMBH www.thermofin.de
www.rapa.com GMBH & CO. KG www.sitex-service.de Sector: Manufacturing
Sector: Manufacturing www.sbn.de Sector: Textiles Revenue: €50M to €75M
Revenue: €100M to €150M Sector: Wholesale Revenue: €75M to €100M
Revenue: €20M to €30M THOMAS MAGNETE GMBH
REINERT LOGISTIC GMBH & SPREADSHIRT GMBH www.thomas-magnete.com
CO. KG SCHNEIDER GMBH & CO.KG www.spreadshirt.de Sector: Manufacturing
www.reinert-logistic.com www.schneider-om.com Sector: Clothing Revenue: €100M to €150M
Sector: Transportation Sector: Manufacturing Revenue: €50M to €75M
Revenue: €100M to €150M Revenue: €100M to €150M TIB CHEMICALS AG
STAHL WINDENERGIE GMBH www.tib-chemicals.com
SCHÖLLY FIBEROPTIC GMBH www.stahl-windenergie.de Sector: Chemicals
www.schoelly-group.de Sector: Energy Revenue: €150M to €250M
Sector: Manufacturing Revenue: €50M to €75M
Revenue: €100M to €150M TOPTICA PHOTONICS AG
STENGEL GMBH www.toptica.com
SCHREINER GROUP www.stengel-gmbh.de Sector: Electronics
www.schreiner-group.de Sector: Engineering Revenue: €30M to €40M
Sector: Professional Services Revenue: €50M to €75M
Revenue: €150M to €250M TRANS SERVICE TEAM GMBH
STENGELE HOLZ- U. www.trans-service-team.com
SCHUKAT ELECTRONIC KUNSTSTOFFTECHNIK GMBH Sector: Warehousing & Storage
VERTRIEBS GMBH www.stengele.com Revenue: €100M to €150M
www.schukat.com Sector: Manufacturing
Sector: Wholesale Revenue: €20M to €30M TREDY-FASHION GMBH 
Revenue: €75M to €100M www.tredy-fashion.de
STÜRMER MASCHINEN GMBH Sector: Textiles
SCHUM EUROSHOP GMBH & www.stuermer-maschinen.de Revenue: €50M to €75M
CO. KG Sector: Wholesale
www.schum-euroshop.de Revenue: €50M to €75M TRUE FRUITS GMBH

147%
Sector: Retail www.true-fruits.com
Revenue: €75M to €100M STUTE LOGISTICS AG & CO.KG Sector: Food & Drink
www.stute.de Revenue: €30M to €40M 2-YEAR JOB
Sector: Warehousing & Storage GROWTH
3-YEAR COMPOUND

76
Revenue: €20M to €30M TÜRK+HILLINGER GMBH
SVA SYSTEM VERTRIEB
www.tuerk-hillinger.de
Sector: Manufacturing
% ANNUAL GROWTH
ALEXANDER GMBH Revenue: €40M to €50M RATE
www.sva.de
Sector: IT & Technology
Revenue: €250M+

130 131
DIRECTORY

Hungary ARCHITECTURAL ALUMINIUM
LIMITED
GLENNON BROTHERS
www.glennonbrothers.ie
MUNSTER JOINERY LIMITED
www.munsterjoinery.ie
ANTICA CERAMICA RUBIERA
www.anticaceramica.it
www.arcal.ie Sector: Manufacturing & Engineering Sector: Green Sector: Manufacturing
ALFÖLDI NYOMDA ZRT Sector: Engineering Revenue: €100M to €150M Revenue: €50M to €75M Revenue: €30M to €40M
www.anyrt.hu Revenue: €10M to €20M
Sector: Professional Services
Revenue: €20M to €30M INTERNATIONAL PORTWEST LIMITED ART COSMETICS S.R.L.
ARTISAN FINNEGROGUE WAREHOUSING & TRANSPORT www.portwest.com www.artcosmetics.it
www.finnebrogue.com LIMITED Sector: Clothing (Manufacturing) Sector: Manufacturing
ALFÖLDVÍZ ZRT www.iwt-irl.com Revenue: €100M to €150M Revenue: €40M to €50M
Sector: Food & Drink
www.bekesvizmu.hu Sector: Warehousing and Storage
Sector: Environmental Services Revenue: €40M to €50M
Revenue: €40M to €50M ROCKABILL SEAFOOD LIMITED ARTES
Revenue: €40M to €50M
ARVUM GROUP LIMITED www.rockabill.ie www.artesonline.it
www.arvumgroup.ie IRISH BACON SLICERS Sector: Wholesale Sector: Textiles
CSABACAST METAL CASTING LIMITED Revenue: €20M to €30M Revenue: €30M to €40M
LIMITED Sector: Agriculture & Farming
& Forestry www.irishbaconslicers.com
www.csabacast.hu Sector: Food & Drink
Sector: Machining Revenue: €20M to €30M SHAY MURTAGH PRECAST LTD ASSO GROUP
Revenue: €30M to €40M www.shaymurtagh.ie www.assospa.com
URSAPHARM Revenue: €30M to €40M
ARZNEIMITTEL GMBH CLUB TRAVEL Sector: Manufacturing Sector: Clothing (Manufacturing)
www.ursapharm.de www.clubtravel.ie JENKINSON LOGISTICS Revenue: €30M to €40M Revenue: €20M to €30M
ECSERI KFT. www.jenkinson.ie
Sector: Pharmaceutical & Science Sector: Travel & Leisure
CHATZIGEORGIOU S.A.- www.ecserikft.hu Sector: Logistics
Revenue: €150M to €250M
Sector: Machining Revenue: €100M to €150M VISTATEC LIMITED BIANCHI INDUSTRIAL SPA
WICKE GMBH + CO. KG ALMOND PRODUCTS Revenue: €40M to €50M www.vistatec.ie www.bianchi-industrial.it
www.wicke.com www.perle.gr Revenue: €30M to €40M
VELOX GMBH COLORMAN (IRELAND) Sector: IT & Technology Sector: Wholesale
Sector: Manufacturing Sector: Retail
www.velox.com LIMITED LIFES2GOOD Revenue: €20M to €30M Revenue: €100M to €150M
Revenue: €100M to €150M Revenue: €20M to €30M INOTAL www.lifes2good.com
Sector: Retail www.colorman.ie
ALUMÍNIUMFELDOLGOZÓ ZRT. Sector: Health
Revenue: €150M to €250M BIOFARMA SPA
Italy
www.inotal.hu Sector: Business Services
WILHELM KNEITZ AG COSMOS SPORT SA Revenue: €20M to €30M Revenue: €50M to €75M www.biofarma.it
www.kneitz.de www.cosmossport.gr Sector: Manufacturing
VOGTLÄNDISCHES KABELWERK Sector: Manufacturing & Engineering
Sector: Textiles Sector: Retail Revenue: €100M to €150M
GMBH CREWLINK IRELAND LIMITED LOTUSWORKS A.D. TUBI INOSSIDABILI SPA Revenue: €50M to €75M
Revenue: €40M to €50M Revenue: €20M to €30M
www.voka.de www.crewlink.ie www.lotusworks.com www.adtubi.com
MENTO KÖRNYEZETKULTÚRA Sector: Engineering
Sector: Manufacturing & Engineering
KFT Sector: Aviation Services Sector: Manufacturing BLM SPA
Revenue: €150M to €250M WILLMS FLEISCH GMBH EMELCO LTD Revenue: €50M to €75M Revenue: €50M to €75M www.blmgroup.com
www.mentokft.hu Revenue: €30M to €40M
www.willms-fleisch.de www.emelko.gr Sector: Manufacturing & Engineering
Sector: Food & Drink Sector: Food & Drink Sector: Environmental Services
VTOURS GMBH Revenue: €30M to €40M EVROS TECHNOLOGY GROUP MCLOUGHLINS RS ADELAIDE SPA Revenue: €150M to €250M
Revenue: €150M to €250M Revenue: €20M to €30M
www.vtours.de www.evros.ie www.mcloughlins.ie www.adelaidespaandsalon.com
Sector: Travel & Leisure Sector: IT & Technology Sector: Wholesale Sector: Travel & Leisure BMR
WIPOTEC GMBH E-TRAVEL SA REGIO JÁTÉKKERESKEDELMI Revenue: €20M to €30M
Revenue: €150M to €250M Revenue: €40M to €50M Revenue: €50M to €75M www.bmr.it
www.wipotec.de www.e-travel.gr KFT
Sector: Manufacturing
Sector: Engineering Sector: Travel & Leisure www.en.regiotoy.hu
W. NEUDORFF GMBH KG PG 100 Sector: Wholesale MICHAEL DIXON ALUBERG SPA Revenue: €50M to €75M
Revenue: €100M to €150M Revenue: €20M to €30M
www.neudorff.de Revenue: €20M to €30M INTERNATIONAL TRANSPORT www.aluberg.it
Sector: Green LIMITED Sector: Manufacturing BRUNO GENERATOR
Revenue: €75M to €100M WKS GROUP HELLENIC JUICES SA www.dixontransport.com www.brunogenerators.it
SEMILAB ZRT. Revenue: €75M to €100M
www.wksgroup.de www.hellenicjuices.gr Sector: Transportation Sector: Manufacturing
Sector: Engineering Sector: Retail www.semilab.hu Revenue: €20M to €30M
W. RENNER GMBH Revenue: €75M to €100M
Revenue: €30M to €40M Revenue: €20M to €30M Sector: Manufacturing & Engineering ANASTASI SRL
www.renner-baustoffe.de Revenue: €30M to €40M www.anastasisrl.it
Sector: Professional Services Sector: Food & Drink BRUNO SRL
Revenue: €50M to €75M WOLLIN GMBH LARSINOS SA www.brunosrl.net
UBM TRADE ZRT Revenue: €20M to €30M
www.wollin.de www.larsinos.gr Sector: Food & Drink
Sector: Manufacturing & Engineering Sector: Chemicals www.ubm.hu
WACHTEL GMBH Revenue: €30M to €40M
Revenue: €20M to €30M Revenue: €50M to €75M Sector: Wholesale
www.wachtel.de Revenue: €30M to €40M
Sector: Manufacturing CPC SRL
MEGA DISPOSABLES SA
Greece
Revenue: €30M to €40M www.modelleriacpc.it
www.megadis.gr VMD KÓRHÁZI TECHNOLÓGIAI
Sector: Manufacturing
Sector: Health ZRT
WEILING GMBH  Revenue: €30M to €40M
Revenue: €100M to €150M www.vmd.hu
www.weiling.de VIOLAR S.A. Sector: Health
Sector: Wholesale www.markoubros.com Revenue: €30M to €40M CAFFO
Revenue: €150M to €250M MEGAPLAST SA www.caffo.com
Sector: Manufacturing & Engineering
www.megaplast.gr Sector: Food & Drink
Revenue: €50M to €75M
Ireland
Sector: Manufacturing Revenue: €40M to €50M
WERGONA CHOCOLATE GMBH Revenue: €20M to €30M
www.wergona.com AGRIFREDA SA
Sector: Food & Drink www.agrifreda.gr CARTIERE SACI SPA
Revenue: €75M to €100M AEROGEN LIMITED PG 46 www.cartieresaci.com
Sector: Food & Drink www.aerogen.com
Revenue: €20M to €30M Sector: Manufacturing
Sector: Manufacturing & Engineering Revenue: €50M to €75M
Revenue: €30M to €40M

132 133
DIRECTORY COUNTRY OVERVIEW

CARTOTECNICA GOLDPRINT  DAEM SPA – BUONRISTORO FORA GALILEO
1000 COMPANIES
CYPRUS SNAPSHOT
www.cartotecnicagoldprint.it VENDING GROUP www.fora.it www.galileospa.com
Sector: Packaging Facilities www.buonristoro.com Sector: Health Sector: Wholesale
Revenue: €30M to €40M Sector: Machining Revenue: €40M to €50M Revenue: €50M to €75M
Revenue: €100M to €150M
CASEIFICIO VALDOSTANO FORGIALLUMINIO 3 SRL GMM SPA
www.caseificiovaldostano.com DEMETRA www.forgialluminio.it www.gmm.it CYPRUS’S LISTED COMPANIES ARE CLUSTERED AROUND NICOSIA
Sector: Food & Drink www.demetrasrl.it Sector: Manufacturing Sector: Machining
AND LIMASSOL, BUT A VARIETY OF SECTORS ARE REPRESENTED.

€52M
Revenue: €20M to €30M Sector: Food & Drink Revenue: €20M to €30M Revenue: €30M to €40M
Revenue: €20M to €30M
FOR A FULL LIST OF COMPANIES FROM CYPRUS, TURN TO PAGE 118
CLEAF SPA FORMENTI & GIOVENZANA SPA GOMA ELETTRONICA SPA
www.cleaf.it DMT www.fgvitaly.com www.gomaelettronica.it
Sector: Manufacturing www.dmtcycling.com Sector: Manufacturing & Engineering Sector: Electronics
Revenue: €100M to €150M Sector: Clothing (Manufacturing) Revenue: €150M to €250M Revenue: €30M to €40M AVERAGE
Revenue: €75M to €100M REVENUE
COLFIORITO FULL SPOT SPA H.S.A. COSMETICS
www.fertitecnicacolfiorito.it DOLCIARIA ACQUAVIVA www.corporate.obag.it www.hsacosmetics.com
Sector: Food & Drink www.dolciariaacquaviva.com Sector: Clothing (Manufacturing) Sector: Manufacturing
Revenue: €20M to €30M Sector: Food & Drink Revenue: €50M to €75M Revenue: €30M to €40M
Revenue: €30M to €40M GALBA SRL
COLMAR www.galba.it HAEMOTRONIC
www.colmar.it ECONORD Sector: Machining www.haemotronic.it
Sector: Clothing www.econord.it Revenue: €50M to €75M Sector: Health
Revenue: €100M to €150M Sector: Environmental Services Revenue: €30M to €40M FOOD & DRINK
Revenue: €150M to €250M
COMPANIES
COMAC SPA HERNO

3
www.comac.it ELETTROSUD SRL www.herno.it
Sector: Machining www.elettrosud.net Sector: Clothing
Revenue: €75M to €100M Sector: Electronics Revenue: €50M to €75M
Revenue: €20M to €30M
COMACCHIO S.R.L. HINOWA SPA
www.comacchio-industries.it FARA INDUSTRIALE SRL www.hinowa.com
Sector: Machining www.faraindustriale.com Sector: Machining
Revenue: €40M to €50M Sector: Manufacturing Revenue: €30M to €40M
Revenue: €30M to €40M
COPAN ITALIA SPA HUWELL
www.copanswabs.com FARMOL SPA www.huwell.it
Sector: Health www.farmol.it Sector: Chemicals
Revenue: €100M to €150M Sector: Manufacturing Revenue: €30M to €40M
Revenue: €50M to €75M
COSMOPOL SRL ILCAM SPA
www.cosmopolsrl.com FILTREX SRL www.ilcam.com
Sector: Security www.filtrex.it Sector: Manufacturing
Revenue: €50M to €75M Sector: Manufacturing Revenue: €150M to €250M
Revenue: €30M to €40M
CPA SRL INDUSTRIALE CHIMICA SRL
www.cpa-it.it FINSEL SRL www.chemogroup.com
Sector: Machining www.gruppocaramia.it Sector: Pharmaceutical & Science
Revenue: €30M to €40M Sector: Utilities Revenue: €50M to €75M
Revenue: €40M to €50M

6%
CRIPPA SPA INDUTEX
www.crippa.it FIORENTINI www.indutexspa.com

5
Sector: Manufacturing www.fiorentinialimentari.it Sector: Clothing
Revenue: €30M to €40M Sector: Food & Drink Revenue: €20M to €30M
Revenue: €50M to €75M
CROMODORA WHEELS SPA FLOTT 3-YEAR COMPOUND
www.cromodorawheels.it www.flottspa.it
NUMBER OF ANNUAL GROWTH
Sector: Manufacturing & Sector: Food & Drink
COMPANIES RATE
Engineering Revenue: €50M to €75M
Revenue: €150M to €250M

134 135
DIRECTORY

ISAIA MARIO LEVI SPA NERI SPA ROSSINI SPA TECNOPRESS ELPIS SIA
www.isaia.it www.marioleviitalia.it www.neri.biz www.rossini-spa.it www.tecnopress.it www.elpis.lv
Sector: Clothing Sector: Textiles Sector: Landscape Services Sector: Manufacturing Sector: Manufacturing Sector: Wholesale
Revenue: €40M to €50M Revenue: €75M to €100M Revenue: €20M to €30M Revenue: €50M to €75M Revenue: €50M to €75M Revenue: €30M to €40M

LA FINESTRA SUL CIELO MARMI CARRARA SRL NEWCHEM SPA SA.GE.VAN. MARMI TOSCOTEC S.P.A. PG 54 FOREVERS SIA
www.lafinestrasulcielo.it www.marmidicarrara.com www.newchemspa.com www.sagevanmarmi.com www.toscotec.com www.forevers.lv
Sector: Food & Drink Sector: Manufacturing Sector: Pharmaceutical & Science Sector: Design Sector: Manufacturing & Engineering Sector: Food & Drink
Revenue: €20M to €30M Revenue: €30M to €40M Revenue: €50M to €75M Revenue: €30M to €40M Revenue: €100M to €150M Revenue: €30M to €40M

LANIFICIO LUIGI RICCERI MAZZUCCHELLI 1849 SPA NORD ENGINEERING SRL SACCHETTO SRL TRAVAGLINI POLIPAKS SIA
www.lanificioricceri.it www.mazzucchelli1849.it www.nordengineering.com www.sacchettovini.it www.travaglini.it www.polipaks.com
Sector: Textiles Sector: Manufacturing & Engineering Sector: Engineering Sector: Food & Drink Sector: Manufacturing Sector: Manufacturing & Engineering
Revenue: €30M to €40M Revenue: €150M to €250M Revenue: €30M to €40M Revenue: €30M to €40M Revenue: €30M to €40M Revenue: €30M to €40M

LA SELVA PESCA SRL MILLEUNO SPA OTTOD’AME SANTA MARGHERITA TRIVI SRL
www.nuovalaselvapesca.it
Sector: Food & Drink
www.milleunobingo.it
Sector: Travel & Leisure
www.ottodame.it
Sector: Clothing
www.santamargherita.net
Sector: Manufacturing
www.trivisrl.com
Sector: Manufacturing
Lithuania
Revenue: €30M to €40M Revenue: €100M to €150M Revenue: €20M to €30M Revenue: €50M to €75M Revenue: €20M to €30M
STATICUS UAB PG 57
www.staticus.com
LA SPORTIVA MODUS FM SPA PAGANI SIDER ENGINEERING SPA UNITEC SPA Sector: Manufacturing & Engineering
www.lasportiva.com www.modusfm.it www.pagani.com www.siderengineering.it www.unitec-group.com Revenue: €40M to €50M
Sector: Clothing (Manufacturing) Sector: Facilities Services Sector: Design Sector: Engineering Sector: Manufacturing
Revenue: €75M to €100M Revenue: €20M to €30M Revenue: €50M to €75M Revenue: €50M to €75M Revenue: €50M to €75M
UAB AURIKA
www.aurika.lt
LTC MONVISO PALMIERI GROUP SOLARI DI UDINE UNIVERSAL PACK SRL Sector: Packaging Facilities
www.ltc.it www.panmonviso.it www.palmierigroup.com www.solari.it www.upack.net Revenue: €30M to €40M
Sector: Manufacturing Sector: Food & Drink Sector: Construction & Property Sector: Manufacturing Sector: Manufacturing
Revenue: €150M to €250M Revenue: €30M to €40M Revenue: €50M to €75M Revenue: €50M to €75M Revenue: €20M to €30M
UAB JUODELIAI
www.juodeliai.com
MARE SPA MORETTO SPA PANDOLFO ALLUMINIO SPA SPEA VETRORESINA  Sector: Agriculture & Farming
www.mare.com www.moretto.com www.pandolfo.it www.spea.com www.vetroresina.com & Forestry
Sector: Chemicals Sector: Engineering Sector: Manufacturing Sector: Manufacturing Sector: Manufacturing Revenue: €30M to €40M
Revenue: €100M to €150M Revenue: €20M to €30M Revenue: €100M to €150M Revenue: €75M to €100M Revenue: €50M to €75M
UAB KURANA PHARMA MT LTD
MARGARITELLI FERROVIARIA NARDI SPA PARMOVO SRL SPECIAL SPRINGS SRL VHERNIER SPA www.kurana.lt MANNELLI ELECTRONICS S.A
SPA www.nardigarden.it www.parmovo.com www.specialsprings.com www.vhernier.it www.mannelli.lu www.pharmamt.com
Sector: Chemicals Sector: Wholesale
www.margaritelliferroviaria.com Sector: Manufacturing Sector: Food & Drink Sector: Manufacturing Sector: Wholesale Revenue: €20M to €30M Sector: Professional Services
Sector: Manufacturing Revenue: €30M to €40M Revenue: €100M to €150M Revenue: €30M to €40M Revenue: €20M to €30M Revenue: €20M to €30M Revenue: €0M to €10M
Revenue: €75M to €100M
UAB YUKON ADVANCED SCOTTS LTD
PHSHOP SR STILCURVI VITILLO SPA OPTICS WORLDWIDE VOYAGES EMILE WEBER
MARINI IMPIANTI www.phshop.it www.stilcurvi.it www.vitillo.it www.voyages-weber.lu www.scotts.com.mt
www.yukonopticsglobal.com Sector: Retail
www.mariniimpianti.it Sector: Pharmaceutical & Science Sector: Manufacturing Sector: Manufacturing Sector: Wholesale Sector: Travel & Leisure
Sector: Engineering Revenue: €50M to €75M Revenue: €20M to €30M Revenue: €40M to €50M Revenue: €100M to €150M Revenue: €40M to €50M
Revenue: €20M to €30M
Revenue: €20M to €30M
PIETRO ROSA TBM
www.pietrorosatbm.it
SUGAR S.R.L
www.sugar.it
WALDNER TECNOLOGIE
MEDICALI SRL SU Luxembourg Malta Netherlands
Sector: Engineering Sector: Retail www.waldner.co
Revenue: €50M to €75M Revenue: €40M to €50M Sector: Wholesale AIRX GROUP PG 76 AMSTERDAM MEAT CO AMECO
Revenue: €30M to €40M ACCUEIL CK BV
www.ck-online.lu www.airx.aero
PROVASI SUTTER INDUSTRIES S.P.A. Sector: Professional Services Sector: Aviation Services www.amsterdammeatcompany.nl
www.provasi.com www.sutter.it Revenue: €40M to €50M Sector: Food & Drink
Sector: Design
Revenue: €30M to €40M
Sector: Manufacturing
Revenue: €50M to €75M
Latvia Revenue: €30M to €40M Revenue: €75M to €100M

CEL  AQUABIOTECH GROUP
BELAM www.aquabt.com ARN BV
www.cel.lu
RASELLI FRANCO TECNAU SRL www.belam.lv Sector: Manufacturing & Engineering Sector: Environmental Services www.arnbv.nl
www.gruppoerrepi.com www.tecnau.com Sector: Professional Services Revenue: €0M to €10M Sector: Environmental Services
Revenue: €20M to €30M Revenue: €40M to €50M
Sector: Design Sector: Machining Revenue: €50M to €75M
Revenue: €75M to €100M Revenue: €50M to €75M CAMILLERI PARIS MODE LTD
GROSBUSCH SÀRL ARNOLD SUHR NETHERLANDS
DPA SIA www.grosbusch.lu www.camilleriparismode.com
RIELLO ELETTRONICA GROUP TECNIPLAST SPA www.squalio.com Sector: Consumer Services BV
Sector: Wholesale www.arnoldsuhr.com
www.riello-elettronica.com www.tecniplast.it Sector: IT & Technology Revenue: €0M to €10M
Revenue: €40M to €50M Sector: Chemicals
Sector: Technology Sector: Manufacturing Revenue: €20M to €30M
Revenue: €150M to €250M Revenue: €150M to €250M Revenue: €30M to €40M

136 137
DIRECTORY COUNTRY OVERVIEW

AWETA G&P BV ENRAF – NONIUS BV
1000 COMPANIES
LITHUANIA SNAPSHOT
www.aweta.com www.enraf-nonius.com
Sector: Agriculture/Farming/Forestry Sector: Fitness & Health
Revenue: €30M to €40M Revenue: €40M to €50M

BE ALLBRASS INDUSTRIAL NL ENZA ZADEN SEED
www.bons-evers.nl OPERATIONS BV LITHUANIA’S COMPANIES ENJOY AN AVERAGE REVENUE OF €31M. FOR
Sector: Manufacturing www.enzazaden.com
Revenue: €40M to €50M Sector: Food & Drink A FULL LIST OF COMPANIES FROM LITHUANIA, TURN TO PAGE 137
Revenue: €150M to €250M
BOLIDT
KUNSTSTOFTOEPASSING BV EUROL BV
www.bolidt.nl www.eurol.com

5
Sector: Manufacturing Sector: Utilities

€31M
Revenue: €50M to €75M Revenue: €50M to €75M

BRB INTERNATIONAL BV EW FACILITY SERVICES
www.brb-international.com www.ew.nl NUMBER OF
Sector: Professional Services Sector: Cleaning Services
Revenue: €100M to €150M Revenue: €50M to €75M COMPANIES AVERAGE
REVENUE
BRIBUS BV FLORENSIS BV
www.bribus.nl www.florensis.com KONINKLIJKE EUROMA BV PRODRIVE BV
Sector: Manufacturing Sector: Agriculture & Farming www.euroma.com www.prodrive-technologies.com
Revenue: €40M to €50M & Forestry Sector: Food & Drink Sector: Technology
Revenue: €50M to €75M Revenue: €75M to €100M Revenue: €100M to €150M
BUGABOO INTERNATIONAL BV
PG 65 H.Z. LOGISTICS BV NOOTEBOOM TRAILERS BV RADEMAKER BV
www.bugaboo.com www.hztransport.com www.nooteboom.com www.rademaker.nl
Sector: Manufacturing & Engineering Sector: Transportation Sector: Machining Sector: Machining
Revenue: €100M to €150M Revenue: €30M to €40M Revenue: €50M to €75M Revenue: €75M to €100M

BURO SCAN BRIT HAVENS GRAANHANDEL NV OPERATOR GROEP DELFT BV RHUMVELD WINTER & KONIJN
www.buroscanbrit.nl www.havens.nl www.ogd.nl BV
Sector: Travel & Leisure Sector: Food & Drink Sector: IT & Technology www.rhumveld.com
Revenue: €20M to €30M Revenue: €100M to €150M Revenue: €40M to €50M Sector: Wholesale
Revenue: €75M to €100M
COROOS CONSERVEN BV HIGHLITE INTERNATIONAL BV ORTEC BV
www.coroos.nl www.highlite.nl www.ortec.nl RIWAL INTERNATIONAL
Sector: Wholesale Sector: Wholesale Sector: IT & Technology www.riwal.com
Revenue: €50M to €75M Revenue: €40M to €50M Revenue: €50M to €75M Sector: Leasing
Revenue: €40M to €50M
DE JONG VERPAKKING BV HOTEL SCHIPHOL OTTEVANGER MILLING MANUFACTURING
PG 50 www.hotelschiphol.nl ENGINEERS BV ROUVEEN 2-YEAR JOB & ENGINEERING
www.dejongverpakking.nl Sector: Travel & Leisure www.ottevanger.com KAASSPECIALITEITEN GROWTH COMPANIES

42%
Sector: Manufacturing & Engineering Revenue: €20M to €30M Sector: Machining www.rouveen-kaasspecialiteiten.nl

1
Revenue: €100M to €150M Revenue: €50M to €75M Sector: Food & Drink
HOTEL OKURA AMSTERDAM Revenue: €20M to €30M
DELICIA BV www.okura.nl PLIEGER BV
www.delicia.nl Sector: Travel & Leisure www.plieger.nl SEACON LOGISTICS BV
Sector: Food & Drink Revenue: €40M to €50M Sector: Wholesale www.seaconlogistics.com
Revenue: €50M to €75M Revenue: €150M to €250M Sector: Logistics
INTERGAS VERWARMING BV Revenue: €100M to €150M
DUNEA NV www.intergasverwarming.nl PLOEGER MACHINES BV

47%
www.dunea.nl Sector: Energy www.ploeger.com SIOUX EMBEDDED SYSTEMS BV
Sector: EnvironmentalServices Revenue: €75M to €100M Sector: Agriculture & Farming www.sioux.eu
Revenue: €100M to €150M & Forestry Sector: IT & Technology
KOBOUT BV Revenue: €40M to €50M Revenue: €20M to €30M
ELHO BV www.kobout.nl 3-YEAR COMPOUND
www.elho.nl Sector: Wholesale PQR BV SNACK CONNECTION BV ANNUAL GROWTH
Sector: Landscape Services Revenue: €30M to €40M www.pqr.com www.snack-connection.nl
Revenue: €50M to €75M Sector: IT & Technology Sector: Wholesale RATE
Revenue: €100M to €150M Revenue: €75M to €100M

138 139
DIRECTORY

SUPERTAPE BV ARLEN TEXTILE GROUP JURAJSKA SP. Z O.O. MDM NT POLAND GERMANO DE SOUSA – CENTRO FAN COURIER SLOVANET AICOX SOLUCIONES
www.supertape.nl www.arlen.com.pl www.jurajska.pl www.mdmsa.com DE MEDICINA LABORATORIAL www.fancourier.ro www.slovanet.net www.aicox.com
Sector: Manufacturing Sector: Consumer Services Sector: Food & Drink Sector: Textiles www.germanodesousa.com Sector: Logistics Sector: Telecommunications Sector: Telecommunications
Revenue: €30M to €40M Revenue: €100M to €150M Revenue: €20M to €30M Revenue: €20M to €30M Sector: Health Revenue: €75M to €100M Revenue: €40M to €50M Revenue: €20M to €30M
Revenue: €20M to €30M
TRIOLIET BV BG PRODUCTION SP. Z O.O. MASTERMEDIA CIOCZEK I MEGATEL SP. Z O.O. GRADINARIU IMPORT EXPORT ALBET
www.trioliet.nl
Sector: Agriculture & Farming
www.bgproduction.eu
Sector: Food & Drink
WÓJCIAK GP
www.mastermediauk.com
www.megatel.com.pl
Sector: IT & Technology
IGUARIVARIUS PG 74
www.iguarivarius.pt
www.gradinariu.ro
Sector: Motor Vehicle Retail
Slovenia www.albet.es
Sector: Veterinary Services
& Forestry Revenue: €30M to €40M Sector: Import & Export Revenue: €20M to €30M Sector: Professional Services Revenue: €50M to €75M Revenue: €20M to €30M
LEDINEK GROUP
Revenue: €50M to €75M Revenue: €50M to €75M Revenue: €50M to €75M
www.ledinek.com
TWENTE MILIEU NV BTS OIL SP. Z O.O. OMIDA SP. Z O.O. MEDIST GROUP Sector: Machining ALCANZIA
www.twentemilieu.nl www.btsoil.pl MAX COMPUTERS SP. Z O.O. www.omida.pl LUSIAVES www.medist-ipoc.ro Revenue: €20M to €30M www.alcanzia.es
Sector: Environmental Services Sector: Utilities www.maxcomputers.pl Sector: Logistics www.grupolusiaves.pt Sector: Machining Sector: Energy
Revenue: €30M to €40M Revenue: €20M to €30M Sector: Retail Revenue: €40M to €50M Sector: Food & Drink Revenue: €20M to €30M Revenue: €50M to €75M
LEONE
Revenue: €100M to €150M Revenue: €50M to €75M
www.leone.si
VAN HOUTUM BV CENTRUM ELEKTRYCZNE ANIA PERFUMESCO.PL SP. Z O.O. S.K. MICROFRUITS Sector: Food & Drink ALE-HOP
www.vanhoutum.nl www.centrumelektryczne.pl www.perfumesco.pl SOCÉM www.microfruits.ro Revenue: €30M to €40M www.ale-hop.net
Sector: Chemicals Sector: Professional Services Sector: Retail www.socem.pt Sector: Wholesale Sector: Retail
Revenue: €50M to €75M Revenue: €40M to €50M Revenue: €20M to €30M Sector: Manufacturing Revenue: €20M to €30M Revenue: €50M to €75M
MASS DOO
Revenue: €20M to €30M
www.mass.si
WATERDRINKER CERAMIKA - KOŃSKIE SP. Z SILTEC SP. Z O.O. NEPTUN Sector: Retail ALMENDRAS BONANY
AALSMEER BV O.O. www.siltec.pl SOVENA www.neptun-gears.ro Revenue: €30M to €40M www.almendrasbonany.com
www.waterdrinker.nl www.ceramikakonskie.pl Sector: Technology www.sovenagroup.com Sector: Manufacturing & Engineering Sector: Food & Drink
Sector: Wholesale Sector: Manufacturing Revenue: €20M to €30M Sector: Agriculture & Farming Revenue: €20M to €30M Revenue: €40M to €50M
Revenue: €150M to €250M & Forestry MDM DOO
Revenue: €50M to €75M www.mdm.si
Revenue: €40M to €50M ARMON
SOLUMUS SP. Z O.O. PG 80 VOX CARRIER Sector: Manufacturing
WEMO INTERNATIONAL BV DRUKPOL.FLEXO SP. Z O.O. S.K. www.solumus.pl www.voxcarrier.com Revenue: €40M to €50M www.astillerosarmon.com
www.wemo.nl www.drukpolflexo.pl Sector: Consumer Services VECTOR MAIS Sector: Telecommunications Sector: Engineering
Sector: Machining Sector: Professional Services Revenue: €150M to €250M www.vectormais.com Revenue: €30M to €40M Revenue: €50M to €75M
Revenue: €20M to €30M Revenue: €20M to €30M
TRANSLOT SP. Z O.O.
Sector: Design
Revenue: €20M to €30M Spain AURA ENERGIA
WILCO BV
www.wilco.nl
ELEKTRIX S.A.
www.elektrix.com.pl
www.translot.com.pl
Sector: Transportation VISION BOX
Slovakia ACEITERA PENINSULAR
www.aura-energia.com
Sector: Energy
Sector: Business Services Sector: Energy Revenue: €40M to €50M www.vision-box.com ESPAÑOLA Revenue: €30M to €40M
Revenue: €40M to €50M Sector: Security ANDREA SHOP www.aceiterapeninsular.com
Revenue: €50M to €75M
Revenue: €20M to €30M www.andreashop.sk Sector: Food & Drink
TRANSOIL SP. Z OO, Sector: Retail Revenue: €20M to €30M BEST OPTION MEDIA
EXCELSIOR ATLANTIC www.bestoptionmedia.com
Poland
www.transoil.pl Revenue: €30M to €40M
www.polishtrout.com Sector: Utilities WIT SOFTWARE PG 30 Sector: Media
Sector: Food & Drink Revenue: €40M to €50M www.wit-software.com ACEITES ABASA S.A. Revenue: €30M to €40M
Sector: Technology AXASOFT, A. S. www.aceitesabasa.net
OTCF Revenue: €50M to €75M
Revenue: €20M to €30M www.axasoft.eu Sector: Food & Drink
www.otcf.pl WISS GROUP Sector: Technology Revenue: €20M to €30M BODEGAS GALLEGO & LAPORTE
Sector: Clothing GADUS SP. Z O.O. www.wiss.com.pl Revenue: €30M to €40M www.bodegasgallegolaporte.com
Sector: Food & Drink
Romania
Revenue: €75M to €100M www.gadus.pl Sector: Manufacturing
Sector: Logistics Revenue: €100M to €150M Revenue: €50M to €75M
DELTECH A.S
ABET SP. Z O.O. Revenue: €40M to €50M
www.deltech.sk
www.abet.pl X-KOM SP. Z O.O. ALL VIEW PG 64 Sector: Facilities Services
Sector: Manufacturing GETRESPONSE SP. Z O.O. www.x-kom.pl www.allview.ro Revenue: €20M to €30M
Revenue: €20M to €30M www.getresponse.com Sector: Retail Sector: Manufacturing & Engineering
Sector: IT & Technology Revenue: €150M to €250M Revenue: €50M to €75M
ENCINGER, SPOL.S R.O.
ALLGAME SA Revenue: €20M to €30M
www.encinger.sk
www.allgame.pl B&B COLLECTION
Portugal
Sector: Food & Drink
Sector: Electronics HOME.PL SA www.bbcollection.ro Revenue: €50M to €75M
Revenue: €75M to €100M www.home.pl Sector: Consumer Services
Sector: IT & Technology Revenue: €50M to €75M
CARVALHOS INTERBLOCK GAMING
ALMA SA Revenue: €75M to €100M www.couroazul.pt www.interblockgaming.com
www.alma.biz.pl Sector: Wholesale COMPLET ELECTRO SERV Sector: Manufacturing
Sector: IT & Technology INTARIS SP. Z O.O. Revenue: €50M to €75M www.completelectroserv.com Revenue: €40M to €50M
Revenue: €20M to €30M www.intaris.pl Sector: Electronics
Sector: IT & Technology Revenue: €30M to €40M
ELASTRON
AQMET SP. Z.O.O. Revenue: €30M to €40M www.elastrongroup.com
www.aqmet.com.pl Sector: Wholesale ELBI ELECTRIC & LIGHTING
Sector: Machining Revenue: €20M to €30M www.elbielectric.ro
Revenue: €30M to €40M Sector: Consumer Servcices
Revenue: €50M to €75M

140 141
DIRECTORY

FACTOR CO2 ISB TV OLEUM HISPANIA TORRONS VICENS PG 38 APOEX BOLON
www.factorco2.com www.isbtv.es www.oleumhispania.com www.vicens.com www.apoex.se www.bolon.com
Sector: Environmental Services Sector: Media Sector: Food & Drink Sector: Food & Drink Sector: Health Sector: Manufacturing
Revenue: €20M to €30M Revenue: €20M to €30M Revenue: €40M to €50M Revenue: €20M to €30M Revenue: €150M to €250M Revenue: €20M to €30M

FREIRE SHIPYARD KHATNANI GROUP PARCITANK TRADEINN PG 68 APOTEA DANIEL WELLINGTON
www.freireshipyard.com www.khatnani.es www.parcitank.com www.tradeinn.com www.apotea.se www.danielwellington.com
Sector: Engineering Sector: Retail Sector: Manufacturing Sector: Consumer Services Sector: Pharmaceutical & Science Sector: Design
Revenue: €75M to €100M Revenue: €20M to €30M Revenue: €30M to €40M Revenue: €40M to €50M Revenue: €50M to €75M Revenue: €150M to €250M

FRUSELVA KIDS LICENSING PATATAS MELENDEZ TRAVELGENIO AUDIOPRO PG 28 EXB MEDIA MARKETING
www.fruselva.com www.kidslicensing.com www.patatasmelendez.com www.travelgenio.es www.audiopro.com www.exb.se
Sector: Food & Drink Sector: Manufacturing Sector: Agriculture & Farming Sector: Travel & Leisure Sector: Technology Sector: Marketing
Revenue: €50M to €75M Revenue: €20M to €30M & Forestry Revenue: €30M to €40M Revenue: €30M to €40M Revenue: €20M to €30M
Revenue: €40M to €50M
GASHOGAR ENERGÍA KP SPORT TVITEC BJORKS GIERTZ VINIMPORT
www.gashogar.info www.kpsport.com PLANASA www.tvitec.com www.bjorksresor.nu www.giertz.se
Sector: Energy Sector: Wholesale www.planasa.com Sector: Construction & Property Sector: Travel & Leisure Sector: Import & Export
Revenue: €20M to €30M Revenue: €50M to €75M Sector: Agriculture & Farming Revenue: €75M to €100M Revenue: €100M to €150M Revenue: €250M+
& Forestry
GLOBOMATIK K-TUIN Revenue: €30M to €40M UNIELECTRICA ICOMERA
www.globomatik.com www.k-tuin.com www.unielectrica.com www.icomera.com
Sector: Electronics Sector: Electronics PLASTIC FORTE Sector: Energy Sector: IT & Technology
Revenue: €50M to €75M Revenue: €150M to €250M www.plasticforte.com Revenue: €50M to €75M Revenue: €20M to €30M
Sector: Manufacturing
GOME OLIVA LA VEGUILLA Revenue: €30M to €40M VETURIS IN FRONT IT PARTNER
www.gomeoliva.com www.veguilla.com www.veturis.com www.infrontitpartner.se
Sector: Food & Drink Sector: Agriculture & Farming SALTOKI Sector: Travel & Leisure Sector: IT & Technology
Revenue: €40M to €50M & Forestry www.saltoki.es Revenue: €75M to €100M Revenue: €20M to €30M
Revenue: €50M to €75M Sector: Wholesale
GRUPO SUREASTE Revenue: €30M to €40M VIAJES TRANSVIA IVAR LUNDH & CO
www.gruposureste.es LABORATORIES DR. LARRASA, www.viajestransvia.com www.ilco.se
Sector: Security www.laboratorioslarrasa.com SECOEX Sector: Travel & Leisure Sector: Transportation
Revenue: €20M to €30M Sector: Research & Development www.gruposecoex.com Revenue: €40M to €50M Revenue: €20M to €30M
CALCONUT CONESA Revenue: €75M to €100M Sector: Security
www.calconut.com www.conesagroup.com Revenue: €20M to €30M
Sector: Food & Drink HISPANO TEX PG 52 XTI JOLLYROOM
Sector: Agriculture & Farming www.hispanotex.com LEEWARD INTERNATINAL www.xti.es www.jollyroom.se
Revenue: €100M to €150M & Forestry Sector: Textiles WORLDWIDE LOGISTICS SHACKLETON Sector: Retail Sector: Retail
Revenue: €100M to €150M Revenue: €30M to €40M www.leewardcorp.com www.shackletongroup.com Revenue: €75M to €100M Revenue: €40M to €50M
CALLE CRUZADA Sector: Logistics Sector: Marketing
www.callecruzada.com EIBAR Revenue: €30M to €40M Revenue: €20M to €30M
Sector: Media HOTEL GLOBALES ZAMAKONA YARDS KINNARPS
www.sdeibar.com www.hotelesglobales.com www.zamakonayards.com www.kinnarps.se
Revenue: €20M to €30M Sector: Travel & Leisure Sector: Travel & Leisure LIQUIDATODO SIRENIS HOTELS Sector: Engineering Sector: Design
Revenue: €10M to €20M Revenue: €20M to €30M www.liquidatodo.es www.sirenishotels.com Revenue: €100M to €150M Revenue: €50M to €75M
CANOLIVA Sector: Retail Sector: Travel & Leisure
www.canoliva.com ENDER Revenue: €20M to €30M Revenue: €20M to €30M
HOVIMA HOTELS KOENIGSEGG PG 56
Sector: Food & Drink
Revenue: €50M to €75M
www.endersl.com
Sector: Wholesale
www.hovima-hotels.com
Sector: Travel & Leisure MORITZ STI NORLAND PG 106
Sweden www.koenigsegg.com
Sector: Manufacturing & Engineering
Revenue: €20M to €30M Revenue: €20M to €30M www.moritz.com www.stinorland.com Revenue: €10M to €20M
CISTERNAS COBO AB LUDVIG SVENSSON PG 62
Sector: Food & Drink Sector: Green
www.cisternascobo.com www.ludvigsvensson.com
EQUMEDIA ICP TECH SOLUTIONS Revenue: €20M to €30M Revenue: €20M to €30M LYKO
Sector: Machining Sector: Consumer Services
www.equmedia.es www.techsolutions.icp.es www.lyko.se
Revenue: €20M to €30M Revenue: €50M to €75M
Sector: Media Sector: Telecommunications MOY SEAFOOD SUN AIR ONE ENERGY Sector: Retail
Revenue: €100M to €150M Revenue: €20M to €30M www.moyseafood.com www.sunaironeenergy.es Revenue: €30M to €40M
CLAVIJO GROUP ACCEDO
Sector: Food & Drink Sector: Energy
www.grupoclavijo.net www.accedo.tv
ESB SISTEMAS INCOM GROUP Revenue: €30M to €40M Revenue: €40M to €50M
Sector: Manufacturing Sector: Telecommunications
www.esbsistemas.com www.incomgroup.es
Revenue: €30M to €40M Revenue: €20M to €30M
Sector: Telecommunications Sector: Manufacturing & Engineering MUNDOSOL QUALITY TELICE
Revenue: €20M to €30M Revenue: €40M to €50M www.frusemur.com www.telice.es
CONDIS ANEBYHUS GRUPPEN
Sector: Agriculture & Farming Sector: Engineering
www.condis.es www.anebyhusgruppen.se
ESCRIBANO INTECAT ISTORE & Forestry Revenue: €20M to €30M
Sector: Retail Sector: Construction & Property
www.mecaes.es www.intecat.com Revenue: €40M to €50M
Revenue: €20M to €30M Revenue: €30M to €40M
Sector: Manufacturing & Engineering Sector: Electronics THE SIZE SURFACES
Revenue: €20M to €30M Revenue: €20M to €30M www.thesize.es
Sector: Manufacturing
Revenue: €50M to €75M
142 143
DIRECTORY

M FORCE
www.mforce.se United APOGEE
www.apogeecorp.com
BE AT ONE
www.beatone.co.uk
CLEVELAND CABLE
www.clevelandcable.com
Sector: Facilities Services
Revenue: €20M to €30M
Kingdom Sector: Administrative Services
Revenue: €150M to €250M
Sector: Food & Drink
Revenue: €30M to €40M
Sector: Wholesale
Revenue: €250M+

NOS ABEL AND COLE ARMSTRONG LOGISTICS LTD BELGRADE INSULATIONS AND CLICK TRAVEL
www.abelandcole.co.uk
www.n-o-s.eu www.armstrong-logistics.co.uk DRYLINING www.clicktravel.com
Sector: Food & Drink
Sector: Transportation Sector: Logistics www.belgradeinsulations.com Sector: Business Services
Revenue: €100M to €150M
Revenue: €30M to €40M Revenue: €30M to €40M Sector: Wholesale Revenue: €150M to €250M
Revenue: €30M to €40M
OCCASION ADEY STEEL GROUP ARTISAN FINNEBROGUE PG 41 COHENS CHEMISTS
www.adeysteelgroup.co.uk
www.occasion.se www.finnebrogue.com BREWDOG www.cohenschemist.co.uk
Sector: Manufacturing
Sector: Marketing Sector: Food & Drink www.brewdog.com Sector: Pharmaceutical & Science
Revenue: €10M to €20M
Revenue: €10M to €20M Revenue: €50M to €75M Sector: Food & Drink Revenue: €150M to €250M
Revenue: €50M to €75M
OCTOWOOD ADVANCED INSULATION AT MEDICS COLEMAN AND CO
www.aisplc.com
www.octowood.se www.atmedics.com BYRON HAMBURGERS www.coleman-co.com
Sector: Engineering
Sector: Manufacturing Sector: Health www.byronhamburgers.com Sector: Construction & Property
Revenue: €75M to €100M
Revenue: €20M to €30M Revenue: €20M to €30M Sector: Food & Drink Revenue: €40M to €50M
Revenue: €75M to €100M
ROTTNE AHK GROUP AVMI COMFORT CALL
www.ahkgroup.com
www.rottne.com www.avmi.com CAMERON MACKINTOSH www.comfortcall.co.uk
Sector: Research & Development
Sector: Motor Vehicle Retail Sector: Media www.cameronmackintosh.com Sector: Health
Revenue: €50M to €75M
Revenue: €50M to €75M Revenue: €50M to €75M Sector: Travel & Leisure Revenue: €40M to €50M
Revenue: €150M to €250M
SBB AIKEN GROUP BARTLETT MITCHELL COMPLETE OFFICE SOLUTIONS
www.aikengroup.com
www.signal-banbyggarna.se www.bartlettmitchell.co.uk CASTLE BUILDING SERVICES www.c-o-s.co.uk
Sector: Engineering
Sector: Engineering Sector: Food & Drink www.castlebs.co.uk Sector: Business Services
Revenue: €30M to €40M
Revenue: €20M to €30M Revenue: €40M to €50M Sector: Facilities Services Revenue: €40M to €50M
Revenue: €40M to €50M
AMBERON LTD CV LIBRARY
SEMANTIX BATH ASU PG 48 CONSERVATORY OUTLET www.cv-library.co.uk
www.amberontm.com
www.semantix.eu www.bathasu.com CHARLES WILSON ENGINEERS www.conservatoryoutlet.co.uk Sector: Employment Services
Sector: Traffic Management
Sector: Business Services Sector: Manufacturing & Engineering LIMITED Sector: Manufacturing Revenue: €20M to €30M
Revenue: €20M to €30M
Revenue: €40M to €50M Revenue: €50M to €75M www.cwplant.co.uk Revenue: €20M to €30M
Sector: Leasing
ANESCO Revenue: €75M to €100M DENNISON TRAILERS DRAKE AND MORGAN
SMARTREFILL BBI GROUP CONTECH
www.smartrefill.se www.anesco.co.uk www.bbi-uk.com www.contechs.co.uk
www.dennisontrailers.com www.drakeandmorgan.co.uk P.A.W. STRUCTURES
Sector: Energy Sector: Machining Sector: Food & Drink www.pawstructures.com
Sector: IT & Technology Sector: Design CHEVRON TRAFFIC Sector: Engineering Revenue: €50M to €75M
Revenue: €250M+ Revenue: €30M to €40M Sector: Engineering
Revenue: €50M to €75M Revenue: €30M to €40M MANAGEMENT Revenue: €20M to €30M
Revenue: €20M to €30M
www.chevrontm.com
Sector: Traffic Management DENTON ASSOCIATES EAGLE
STENA BULK CONTINUUM ATTRACTIONS
www.stenabulk.com Revenue: €75M to €100M www.continuumattractions.com
www.dentonassociates.com www.eaglegb.com EQUIMEDIA
Sector: Design Sector: Motor vehicle retail www.equimedia.co.uk
Sector: Transportation Sector: Travel & Leisure Revenue: €20M to €30M Revenue: €30M to €40M Sector: Media
Revenue: €150M to €250M CHILDRENSALON PG 66 Revenue: €20M to €30M
Revenue: €20M to €30M
www.childrensalon.com
Sector: Consumer Services DESIGN RESEARCH STUDIO ECOTRICITY PG 102
STJARNAGG CORE
www.stjarnagg.se Revenue: €50M to €75M www.coretel.co.uk
www.designresearchltd.com www.ecotricity.co.uk EQUIP GROUP
Sector: Design Sector: Green www.equipuk.com
Sector: Agriculture & Sector: Telecommunications Revenue: €30M to €40M Revenue: €100M to €150M Sector: Clothing (Manufacturing)
Farming & Forestry CLAIMS CONSORTIUM GROUP Revenue: €50M to €75M
Revenue: €40M to €50M
Revenue: €75M to €100M www.claimsconsortiumgroup.co.uk
Sector: Business Services DEXTRA GROUP EDENHOUSE SOLUTIONS
CREAM MEDIA
TRUSTLY Revenue: €40M to €50M www.creamuk.com
www.dextragroup.co.uk www.edenhousesolutions.co.uk ESENDEX
Sector: Manufacturing Sector: IT & Technology www.esendex.co.uk
www.trustly.com Sector: Media Revenue: €20M to €30M Revenue: €30M to €40M Sector: Telecommunications
Sector: Financial Services CLARENCE COURT Revenue: €20M to €30M
Revenue: €10M to €20M
Revenue: €20M to €30M www.clarencecourt.co.uk
Sector: Agriculture & Farming DIRECT TYRES EMPIRE BESPOKE FOODS
CRESCENT PHARMA
VITAMIN WELL & Forestry www.crescentpharma.com
www.directtyre.co.uk www.empirebespokefoods.com ESSEX SERVICES GROUP
Revenue: €20M to €30M Sector: Wholesale Sector: Food & Drink www.esgplc.com
www.vitaminwell.com Sector: Pharmaceutical & Science Revenue: €20M to €30M Revenue: €30M to €40M Sector: Facilities Services
Sector: Fitness & Health Revenue: €40M to €50M
Revenue: €75M to €100M
Revenue: €30M to €40M CLARKSON EVANS
www.clarksonevans.co.uk DOUBLEDAY GROUP ENDAVA
CURRENCIES DIRECT
Sector: Facilities Services www.currenciesdirect.com
www.doubledaygroup.co.uk www.endava.com EXPRESS VENDING
Revenue: €50M to €75M Sector: Machining Sector: IT & Technology www.expressvending.co.uk
Sector: Financial Services Revenue: €40M to €50M Revenue: €100M to €150M Sector: Retail
Revenue: €30M to €40M
Revenue: €30M to €40M

144 145
DIRECTORY COUNTRY OVERVIEW

FASTFLOW HARVEY WATER SOFTENERS JLA MILLER ARGENT
1000 COMPANIES
MALTA SNAPSHOT
www.fastflow.co.uk www.harveywatersofteners.co.uk www.jla.com www.millerargent.co.uk
Sector: Facilities Services Sector: Manufacturing Sector: Cleaning Services Sector: Manufacturing
Revenue: €75M to €100M Revenue: €30M to €40M Revenue: €50M to €75M Revenue: €50M to €75M

FERGUSON TRANSPORT AND HOMESEEKER PARK KINGDOM SERVICES MOLSON GROUP
SHIPPING & LEISURE HOMES www.kingdom.co.uk www.molsongroup.co.uk MALTA HAS FIVE COMPANIES THAT MADE THE LIST WITH AVERAGE
www.fergusontransport.co.uk www.homeseekerhomes.co.uk Sector: Security Sector: Motor Vehicle Retail
Sector: Logistics Sector: Manufacturing Revenue: €100M to €150M Revenue: €100M to €150M REVENUES OF £18M. FOR A FULL LIST OF COMPANIES FROM MALTA,
Revenue: €20M to €30M Revenue: €30M to €40M TURN TO PAGE 137
KURA MOSS ELECTRICAL
FOOTASYLUM HORIZON CARE www.wearekura.com www.mosselectrical.co.uk
www.footasylum.com www.horizoncare.co.uk Sector: Business Services Sector: Wholesale
Sector: Retail Sector: Education Revenue: €40M to €50M Revenue: €75M to €100M
Revenue: €100M to €150M Revenue: €20M to €30M
LAGAN GROUP MUNDYCRUISING
GCI HSL www.laganproducts.com www.mundycruising.co.uk
www.gcicom.net www.hslchairs.com Sector: Manufacturing Sector: Travel & Leisure
Sector: IT & Technology Sector: Retail Revenue: €20M to €30M Revenue: €20M to €30M

€18M
Revenue: €50M to €75M Revenue: €50M to €75M
LAURENCE KING MUNRO BUILDING
GLOSTER MEP IAPS GROUP www.laurenceking.com SERVICES LIMITED

1
www.glostermep.co.uk www.iapsgroup.com Sector: Media www.munrobuildingservices.co.uk
Sector: Facilities Services Sector: Retail Revenue: €40M to €50M Sector: Facilities Services
Revenue: €30M to €40M Revenue: €20M to €30M Revenue: €30M to €40M AVERAGE
LOUNGERS REVENUE
GRO GROUP INCISIVE MEDIA www.thelounges.co.uk MVF PG 78 CONSUMER
www.gro.co.uk www.incisivemedia.com Sector: Food & Drink www.mvfglobal.com
Sector: Manufacturing & Engineering Sector: Media Revenue: €50M to €75M Sector: Technology SERVICES
Revenue: €20M to €30M Revenue: €40M to €50M Revenue: €40M to €50M
LOWRI BECK
GROUND CONTROL INGEN TECHNICAL SERVICES www.lowribeck.co.uk NEIL SHACKLOCK PLUMBING
www.ground-control.co.uk www.ingen-technical-services.com Sector: Utilities HEATING ELECTRICAL
Sector: Landscape Services Sector: Business Services Revenue: €50M to €75M www.shacklocks.com
Revenue: €30M to €40M Revenue: €30M to €40M Sector: Facilities Services
M 24 SEVEN Revenue: €20M to €30M
G’S GROWERS INTERMARKETING www.m247.com
www.gs-growers.com www.intermarketing.com Sector: IT & Technology NETWORK SPACE
Sector: Agriculture & Farming Sector: Marketing Revenue: €20M to €30M www.networkspace.co.uk

5
& Forestry Revenue: €20M to €30M Sector: Leasing
Revenue: €50M to €75M MAC ROOFING Revenue: €75M to €100M
JENKINS SHIPPING www.macroofing.com
HARRISON SPINKS www.jenkins-shipping.com Sector: Facilities Services NORTHWOOD HYGIENE
www.harrisonspinks.co.uk Sector: Logistics Revenue: €20M to €30M www.northwood.co.uk NUMBER OF
Sector: Manufacturing Revenue: €20M to €30M Sector: Manufacturing COMPANIES
Revenue: €20M to €30M MAGAL GROUP Revenue: €50M to €75M
www.magal.co.uk
HARRIS PYE Sector: Engineering OFFSITE SOLUTIONS

4%
www.harrispye.com Revenue: €75M to €100M www.offsitesolutions.com
Sector: Engineering Sector: Manufacturing
Revenue: €20M to €30M MALLAGHAN GSE Revenue: €30M to €40M
www.mallaghangse.com
Sector: Aviation Services OMAR PARK HOMES
Revenue: €50M to €75M www.omar.co.uk 3-YEAR COMPOUND
Sector: Manufacturing ANNUAL GROWTH
Revenue: €30M to €40M
METER U RATE
www.meter-u.com
Sector: Utilities PALLET-TRACK
Revenue: €10M to €20M www.pallet-track.co.uk
Sector: Logistics
MICK GEORGE LTD Revenue: €30M to €40M
www.mickgeorge.com
Sector: Construction & Property
Revenue: €100M to €150M

146 147
DIRECTORY COUNTRY OVERVIEW

PARAGON RE-GEN WASTE SOUTH LAKELAND PARKS
1000 COMPANIES
ROMANIA SNAPSHOT
www.paragonplc.com www.regenwaste.com www.park-resorts.com
Sector: Design Sector: Environmental Services Sector: Travel & Leisure
Revenue: €50M to €75M Revenue: €20M to €30M Revenue: €30M to €40M

€47M
PATHFINDER PARK HOMES RHODAR SSE AUDIO GROUP
www.pathfinderhomes.co.uk www.rhodar.co.uk www.sseaudiogroup.com THE 3-YEAR COMPOUND ANNUAL GROWTH RATE ACROSS ROMANIA’S
Sector: Manufacturing Sector: Construction & Property Sector: Leasing
Revenue: €20M to €30M Revenue: €50M to €75M Revenue: €20M to €30M 10 COMPANIES IS 149% AND 2-YEAR JOB GROWTH STANDS AT 29%.
FOR A FULL LIST OF COMPANIES FROM ROMANIA, TURN TO PAGE 141 AVERAGE
P.D. HOOK (HATCHERIES) LTD RP2 STAR TISSUE UK
www.pdhook.co.uk www.rp2-global.com www.startissueuk.co.uk
REVENUE
Sector: Agriculture & Farming & Sector: Media Sector: Manufacturing
Forestry Revenue: €50M to €75M Revenue: €20M to €30M
Revenue: €100M to €150M

10
S MORRIS SUDLOWS
PHO CAFE www.smorris.co.uk www.sudlows.com
www.phocafe.co.uk Sector: Manufacturing Sector: IT & Technology
Sector: Food & Drink Revenue: €30M to €40M Revenue: €30M to €40M
Revenue: €20M to €30M MANUFACTURING
SALISBURY POULTRY SUNSET AND VINE NUMBER OF & ENGINEERING
PLAYGROUND GAMES PG 26 www.salisburypoultry.co.uk www.sunsetvine.co.uk COMPANIES COMPANIES
www.playground-games.com Sector: Agriculture/Farming/Forestry Sector: Media

2
Sector: Technology Revenue: €150M to €250M Revenue: €50M to €75M
Revenue: €20M to €30M
SCOTT BROWNRIGG SYKES COTTAGES
PLF INTERNATIONAL www.scottbrownrigg.com www.sykescottages.co.uk
www.plfinternational.com Sector: Design Sector: Travel & Leisure
Sector: Machining Revenue: €20M to €30M Revenue: €20M to €30M
Revenue: €20M to €30M
SCOTT DUNN SYMBOLIC AND CHASE
PORTHAVEN www.scottdunn.com www.symbolicchase.com
www.porthaven.co.uk Sector: Travel & Leisure Sector: Art Dealers
Sector: Health Revenue: €100M to €150M Revenue: €20M to €30M
Revenue: €20M to €30M
SERTEC T H BAKER
PREMIER ELECTRICS www.sertec.co.uk www.thbaker.co.uk
www.premierelectrics.com Sector: Manufacturing Sector: Retail
Sector: Facilities Services Revenue: €40M to €50M Revenue: €30M to €40M
Revenue: €50M to €75M
SHINER TCL GROUP

3615
PREQIN www.shiner.co.uk www.tclgrp.co.uk
www.preqin.com Sector: Wholesale Sector: Landscape Services
Sector: Financial Services Revenue: €30M to €40M Revenue: €30M to €40M
Revenue: €20M to €30M
SIMPLY WASTE SOLUTIONS TEN CONCIERGE
PROTEXIN www.simplywastesolutions.co.uk www.tenconcierge.com NUMBER OF
www.protexin.com Sector: Environmental Services Sector: Business Services EMPLOYEES REGISTERED
Sector: Pharmaceutical & Science Revenue: €20M to €30M Revenue: €30M to €40M TRADEMARKS

25
Revenue: €30M to €40M
SIX DEGREES THE BLUE GROUP
RADMAT BUILDING PRODUCTS www.6dg.co.uk www.blue-group.com

149%
www.radmat.com Sector: IT & Technology Sector: Retail
Sector: Facilities Services Revenue: €50M to €75M Revenue: €20M to €30M
Revenue: €20M to €30M 2-YEAR JOB
SKILLS TRAINING THE CONTACT COMPANY GROWTH
RAPIER GROUP www.skillstraininguk.com www.tcc.co.uk

29
3-YEAR COMPOUND
www.rapiergroup.com
Sector: Design
Sector: Education
Revenue: €20M to €30M
Sector: Business Services
Revenue: €20M to €30M % ANNUAL GROWTH
Revenue: €20M to €30M RATE
SMITHFIELD MURRAY THE DREAM LODGE GROUP
REFLEX www.smithfieldmurray.com www.thedreamlodgegroup.co.uk
www.reflexvans.com Sector: Agriculture/Farming/Forestry Sector: Travel & Leisure
Sector: Leasing Revenue: €30M to €40M Revenue: €20M to €30M
Revenue: €20M to €30M

148 149
DIRECTORY

THE HOXTON (HOLBORN)
LIMITED Elite companies
www.thehoxton.com
Sector: Travel & Leisure GRUPPO HAPPY PG 88
Revenue: €30M to €40M www.magicpack.it
Sector: Food & Drink
THE MARTIN GROUP Country: Italy
www.hwmartin.com Revenue: €75M to €100M
Sector: Traffic Management
Revenue: €50M to €75M KLB GROUP PG 89
www.klbgroup.com
THE NEW WORLD TRADING Sector: Technology
COMPANY Country: France
www.thenewworldtradingcompany.
Revenue: €40M to €50M
com
Sector: Food & Drink
Revenue: €30M to €40M SPAN PG 92
www.span.eu
THE OFFICE GROUP Sector: Technology
www.esselco.co.uk Country: Croatia
Sector: Leasing Revenue: €30M to €40M
Revenue: €75M to €100M
STEKLARNA HRASTNIK PG 86
THE PARTS ALLIANCE www.steklarna-hrastnik.si
www.thepartsalliance.com Sector: Manufacturing & Engineering
Sector: Wholesale VICTORIA + ALBERT BATHS WHITEMEADOW
Country: Slovenia
Revenue: €150M to €250M www.vandabaths.com www.whitemeadow.com
Sector: Design Sector: Manufacturing Revenue: €50M to €75M
Revenue: €20M to €30M Revenue: €40M to €50M
THE SHIELD GROUP TELDAT GROUP PG 93
www.shield-group.com www.teldat.com
Sector: Manufacturing VIRTUS DATA CENTRES WHP TELECOMS
www.virtusdatacentres.com www.whptelecoms.com Sector: Technology
Revenue: €50M to €75M Country: Spain
Sector: IT & Technology Sector: Telecommunications

JOIN A UNIQUE
Revenue: €20M to €30M Revenue: €40M to €50M Revenue: €50M to €75M
THE7STARS
www.the7stars.co.uk
VIVALDA WILCOX LIMOUSINES
Sector: Media
Revenue: €250M+ www.vivalda.co.uk
Sector: Construction & Property
www.limousines.co.uk
Sector: Motor Vehicle Retail
COMMUNITY OF
TOMMY TUCKER
Revenue: €20M to €30M Revenue: €20M to €30M
BUSINESS EXPERTS
www.tommytucker.co.uk
WAHACA WORLDS APART
Sector: Food & Drink
Revenue: €20M to €30M www.wahaca.co.uk
Sector: Food & Drink
www.worldsapart.com
Sector: Manufacturing
GET THE RECOGNITION
TRUCTYRE
www.tructyre.co.uk
Revenue: €50M to €75M Revenue: €30M to €40M
YOUR BUSINESS
Sector: Wholesale
Revenue: €30M to €40M
WARWICK WARD
www.warwick-ward.com
XERETEC
www.xeretec.co.uk DESERVES
Sector: Motor Vehicle Retail Sector: Business Services

ENTER THE AWARDS
Revenue: €30M to €40M Revenue: €40M to €50M
TTC GROUP
www.ttc-uk.com
Sector: Education WASDELL XL RECORDINGS
Revenue: €30M to €40M www.wasdell.co.uk www.xlrecordings.com
Sector: Packaging Facilities Sector: Consumer Services www.businessawardseurope.com
Revenue: €20M to €30M Revenue: €100M to €150M
UFORM
www.uform.co.uk
Sector: Wholesale WATKINS YOURS CLOTHING
Revenue: €20M to €30M www.watkins.co.uk www.yoursclothing.co.uk
Sector: Facilities Services Sector: Clothing
Revenue: €40M to €50M Revenue: €75M to €100M
UKWSL
www.ukwsl.co.uk
Sector: Utilities WHITEHOUSE INTERNATIONAL Z HOTELS
Revenue: €30M to €40M www.whitehouseleisure.co.uk www.thezhotels.com
Sector: Manufacturing Sector: Consumer Services
Revenue: €50M to €75M Revenue: €40M to €50M
Recognising Success, Innovation and Ethics

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About London Stock Exchange Group
London Stock Exchange Group (LSE.L) is an international markets
infrastructure business. Its diversified global business focuses on capital
formation, intellectual property and risk and balance sheet management.
LSEG operates an open access model, offering choice and partnership to
customers across all of its businesses. The Group can trace its history back
to 1698.
The Group operates a broad range of international equity, ETF, bond and
derivatives markets, including London Stock Exchange; Borsa Italiana; MTS
(Europe’s leading fixed income market); and Turquoise (a pan-European
equities MTF). Through its platforms, LSEG offers market participants,
including retail investors, institutions and SMEs unrivalled access to
Europe’s capital markets. The Group also plays a vital economic and social
role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing,
benchmarking and analytic services with approximately $12.5 trillion
benchmarked to its indexes. The Group also provides customers with an
extensive range of data services, research and analytics through Mergent,
SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the
Group’s business operations. In addition to majority ownership of LCH,
a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing
house; Monte Titoli, a leading European custody and settlement business;
and globeSettle, the Group’s CSD based in Luxembourg.
LSEG is a leading developer and operator of high performance technology
solutions, including trading, market surveillance and post trade systems
for over 40 organisations and exchanges, including the Group’s own
markets. Additional services include network connectivity, hosting and
quality assurance testing. MillenniumIT, GATElab and Exactpro are among
the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North
America, Italy, France and Sri Lanka, the Group employs approximately
4,000 people.
Further information on London Stock Exchange Group can be found at
www.lseg.com
Contact details
ELITE enquiries
Tel: +39 02 7242 6 066
Email: elite@lseg.com
Primary markets
Tel: +44 (0) 20 7797 3429
Email: equityprimarymarkets@lseg.com
Primary markets – French companies
Delphine Brès, Group Manager for France
Email: DBres@lseg.com
Media enquiries
Tel: +44 (0) 20 7797 1222
Email: newsroom@lseg.com

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