Number one ranked Tiscali of Italy records average five-year revenue growth of 56.769%.
The full list of Europe`s 500 fastest-growing technology companies was announced tonight during the 2003 Deloitte European Technology Fast 500 award ceremony for chief executives in the Natural History Museum, London.
Deloitte also released the 2003 Technology Fast 500 Europe Report - a comprehensive analysis of the business trends and background statistics of the winning companies and a summary of the key concerns and expectations of sector CEOs.
The programme covers public and private technology companies from 21 European countries, and is the most objective industry-ranking standard to focus on the technology sector. The awards are researched and sponsored by the Deloitte Technology, Media & Telecommunications (TMT) Industry Group.
The number one ranked company, with an average five-year revenue growth of 56.769%, is all-round Internet service provider Tiscali S.p.A., headquartered in Cagliari, Italy.
Top 10 ranked companies
"A combination of business acumen and ambition have made all of these businesses stand out from the crowd," said Igal Brightman, Global Leader of Deloitte`s TMT Group. "All of the Deloitte Fast 500 are winners in different ways, but they have continued to invest in brand recognition and talent and keep customers coming aboard. Their brave efforts will help to reshape the marketplace and lead others to the many opportunities in Europe`s fast-growing technology sector."
"While there is no doubt that these rankings are the result of exceptional sustained efforts, there are some indicators here that the European hi-tech sector is regaining stability," said Karel Bakkes, Deloitte`s Partner in charge of the European Technology Fast 500 programme. "It is encouraging to see significantly increased rates of revenue growth despite the current climate, and nominations for this year`s ranking also reached an all-time high."
European Technology Fast 500 company statistics
* The software sector increased dominance in the ranking from 36% in 2002 to 42.4% in 2003.
* The regions with the fastest growing companies are France with 171, the UK with 89, and Norway with 48 ranked companies.
* All European Technology Fast 500 Winners achieved over 200% growth average - compared to 100% last year.
* Revenues for the Fast 500 ranked companies as a whole grew by an average of 1 175%, more than double last year`s growth rate of 528%.
Deloitte European Technology Fast 500 Report 2003
This report is a comprehensive analysis of the business trends and background statistics of the winning companies as well as a summary of the key concerns and expectations of sector CEOs. It can be downloaded from http://www.fast500europe.com/ - Latest News.
The Deloitte European Technology Fast 500 Awards
The Deloitte European Technology Fast 500 programme is Europe`s most objective industry-ranking standard that focuses on the technology field. It was created to recognise the effort and dedication of those 500 fastest-growing technology companies in Europe and includes all areas of technology, from Internet to biotechnology, from medical and scientific to computers. It includes both public and private companies.
The awards are based on five-year average percentage growth for each technology company. Prior to this year, while the ranking was being established in Europe, three-year averages were used. For 2003, companies are ranked on percentage of revenue growth between 1998 and 2002. The 500 companies meeting the strict definition of a technology company with the fastest-growth over five years will make the ranking.
Frequently asked questions are answered on www.fast500europe.com/faqs.asp.
Details about the winning companies including breakdowns by country, industry sector and previous ranking in the 2002 programme is available at http://www.fast500europe.com/ - Ranking.
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The TMT Industry Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.
Deloitte
Deloitte is an organisation of member firms devoted to excellence in providing professional services and advice. It is focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120 000 people worldwide, Deloitte`s member firms (including their affiliates) deliver services in four professional areas: audit, tax, consulting, and financial advisory services. The member firms serve over one-half of the world`s largest companies, as well as large national enterprises, public institutions, and successful, fast-growing global growth companies. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.