The 2025 ranking is led by Menlo Electric, a Polish wholesaler of photovoltaic components with an absolute growth rate of 830,8 per cent. The Polish company, classified in the Energy & Utilities category, leads a list of companies from a wide range of economic sectors. In second place is Allica, a UK-based financial and banking platform serving small and medium enterprises, with an absolute growth rate of 652 per cent. German mobile advertising and marketing platform Almedia is placed third, at 473.6 per cent.
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Shares by country and economic sector
Italy, Germany, France, and the UK account for over three-quarters of the companies in the ranking. The IT and software sector accounts for one-fifth of the FT1000 companies – together with Construction & Engineering, Energy & Utilities, Advertising & Marketing, and Finance & Insurance, this share rises to half.
Eligibility Criteria
· Revenue of at least € 100,000 in the year 2020) and €1.5 million in 2023.
· The company must be independent – no subsidary or branch office.
· Growth between 2020 and 2023 had tob e predominantly organic.
· Minimum average growth rate: 34.8%
· Companies with headquartered in the following countries were eligible to participate: Austria, Belgium, Bulgaria, Bosnia and Herzegovina, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.
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Good and bad news
It's good to see that a Polish company from the solar power industry is leading this list of applicants so successfully, and yes - a growth rate of 830.8 percent is breathtaking. Nevertheless, this should not obscure the current situation: Poland experienced a PV boom perhaps similar to that of the German PV-market 12 years ago with seemingly boundless growth, without limits.
Painful experience
In 2012 and 2013 the German photovoltaics industry had to learn the hard way that seemingly fixed rules can change quickly. Over 100,000 jobs were lost at that time, and virtually all cell production was relocated abroad. The Polish PV industry had to contend with significant revenue slumps in 2023 and 2024. The interview with the Managing Director of Menlo, Bartosz Majewski, highlights many connections that should be familiar to companies that have been in the market for some time.
Also interesting:
Bartosz Majewski of Menlo Electric: “We are navigating through a turbulent market”
Beyond the Rankings: The Real Challenge of Long-Term Success
The saying that nothing is as certain as constant change is especially true for even the most seemingly invincible economic giants. Strong sales growth does not guarantee long-term security, nor does high revenue necessarily translate into profitability. Being ranked among the top-performing companies in Europe is undoubtedly a remarkable achievement. However, the greater challenge lies in ensuring a company’s long-term resilience—navigating turbulent times while maintaining a skilled workforce and cutting-edge technology to sustain success for decades to come. (mg)
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