No programs from Hungary have been represented so far in this category of Quacquarelli Symonds.Continue reading
This year, seven Hungarian companies have been included in the Financial Times’s (FT) list of Europe’s 1,000 companies, ranked by their growth.
A1 Solar, which works with solar panels, was ranked the top Hungarian company in the FT1000, reaching 12th place. DATAPAO, a data analytics company, was ranked 210th, and was placed second for Hungarian enterprises. The business was founded in 2016, and took on the mission to inform their clients about their personal data.
Sprintform, a digital consultancy, web, and mobile application developer, was 342nd. “Among the many industry awards and recognitions, the FT1000 stands out because it is purely data-driven.
It ranks companies based on their absolute revenue growth over a defined period, providing a transparent and credible benchmark for business success,”
reads the company’s official page.
Continest, a company working on developing and manufacturing containers, was ranked 428th. They debuted at Hungary’s largest musical event, Sziget festival, and worked all around Europe since. Their containers serve as offices, accommodation, and backstage facilities at these events, explained the Continest company page.
Lakógép, a company providing engineering, production, and construction services placed 450th. The business intelligence solutions provider Hiflylabs placed 923rd, and server distributor Maraelite 963rd.
The list is based on annual growth rates between 2020 and 2023, and was compiled in conjunction with German data researcher Statista.
More than three quarters of the companies in the ranking are headquartered in Italy, Germany, France, and the UK.
A fifth of the top 1,000 European companies are IT and software companies, with the largest share coming from the categories of construction and engineering, energy and utilities, advertising and marketing, and fintech, financial services, and insurance, they wrote.
According to the list published on the FT’s website, Polish energy company Menlo Electric, founded in 2020, tops the ranking. The company came out on top by increasing its profit from just under €187,000 to more than €15 million in three years.
Via MTI; Featured picture: Pexels