Rimac and Nanobit among 500 Fastest Growing Companies in Europe, Infinum Close Behind

Total Croatia News

Europe’s economy is recovering, slowly but surely, and joining those currently developing fast are three Croatian companies

As the Financial Times reported on April 6, 2018, in their FT 1,000 list of fastest growing European companies, “Europe is enjoying a sustained, if not evenly shared, recovery. Part of this expansion is being delivered by the start-ups and other fast-growing companies that are adding jobs, disrupting industries and spreading far beyond their home turf.”

The FT 1000 lists the companies in 31 European countries that have achieved the highest compound annual growth rate in revenue between 2013 and 2016. Technology remains the best represented sector, contributing 155 companies to the list, with a food delivery company topping the list for the second year in a row: UK-based Deliveroo takes the place of Germany’s HelloFresh.

What is important for Croatia are three Croatian companies that made the list: the booming Rimac Automobili, Nanobit and Infinum.

Rimac is the hottest company in Croatia today, ranked 144 on the FT 1,000. The rank should not surprise, as numbers tell all: their revenue growth from 2013 to 2016 increased by 854%, with 5.8 million euro revenue in 2016. What is even more impressive is the increase in number of employees: from 12 in 2013 to 164 in 2016.

Ranked 488 is Nanobit, a gaming company with 331% revenue growth from 2013-2016 and impressive 7.4 million euro revenue in 2016. They employed 67 in 2016 and are among the minor number of companies from the gaming industry on this list.

Infinum is ranked 508, an IT company joining many others populating the FT 1,000 list. Their revenue growth was 319% in the same period, with nearly 2.7 million euro revenue in 2016 and 78 employees in the same year.

Not bad for a small country as Croatia, but we are certain results could be better with more institutional support for business in general.

Original article is here.


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