Seven Hungarian companies make FT list

A1 Solar, a provider of photovoltaic systems, achieved a top position and landed in 12th place on the FT1000 list. Other Hungarian companies, which reflect the diversity of innovative strength in this country, follow in reasonable positions: Data analytics company DATAPAO ranked 210th, digital consultancy Sprintform came in at 342nd, container developer Continest reached 428th, construction company Lakógép ranked 450th, Hiflylabs, a provider of business intelligence solutions, placed 923rd, and server reseller Maraelite completed the Hungarian presence at 963rd.

The ranking is based on annual growth rates between 2020 and 2023 and was compiled in collaboration with the German data research institute Statista. More than three quarters of the companies listed come from Italy, Germany, France and the UK. A fifth of the top 1000 companies come from the IT and software sector. Construction and engineering, energy and utilities, advertising and marketing, fintech, financial services and insurance also account for large shares. The list is headed by the Polish energy company Menlo Electric, which was founded in 2020 and has increased its profit from just under €187,000 to more than €15 million within three years.