OVA Projects, SL, Vic (Barcelona), Spain – OVA Projects, leading company in the manufacture of industrial machinery, is featured in the FT 1000: Europe’s Fastest Growing Companies having reached the highest compound annual growth rate in revenue between 2014 and 2017. According to the report carried out by the British daily newspaper, OVA Projects ranks 486 with an absolute revenue growth of 359%.
Being part of the FT 1000 is the result of the effort and commitment of our team that allowed OVA Projects to become a leading company in the manufacture of industrial machinery. We have been working hard to achieve this growth rate; however, our main goal is to keep on doing our best to improve even more.
The Financial Times and Statista published a ranking with the 1000 European companies that have grown the most during the previous three years. The FT explained the competition this year was higher because the minimum growth rate to enter the ranking stood at 37.7%, compared to last year’s 34.6%.
The FT 1000 continues to be dominated by the technology sector, which accounts for 149 of the businesses, and that is without counting the fintech and ecommerce categories. Again, Germany has the lion’s share of company headquarters at 230, while London remains the top city, with 63 businesses based there — down from last year’s 74. 27 Catalan companies – included OVA Projects – featured in this long list of 1000 companies, among which we find the most disruptive ones and those that have been able to redirect new trends to make a profit.
In order to develop the ranking, the Financial Times relied on a huge database and selection criteria were clear: all companies must have a minimum turnover of 100.000 euros in 2014. On the other hand, they must have a revenue of minimum 1,5 million euros generated in 2017. Moreover, the company must be independent, meaning not a branch. The income growth between 2014 and 2017 must be mainly organic (ie internally stimulated). In the event that a company listed on the stock exchange, the price of its proceeds should not be decreased by 50% or more from 2017. Finally, the company’s growth rate are calculated based on the revenues provided by the company itself and are divided into Compound annual growth rate (CAGR) and Absolute revenue growth between 2014 and 2017.