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Europe’s 500

Europe’s 500. Europe’s plight. The number one issue facing Europe today is unemployment In 1970, unemployment in the EU was 2.3% - half the level of unemployment in the USA However, since 1970, 30 million jobs have been created in the USA, compared with 5 million in the EU

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Europe’s 500

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  1. Europe’s 500

  2. Europe’s plight • The number one issue facing Europe today is unemployment • In 1970, unemployment in the EU was 2.3% - half the level of unemployment in the USA • However, since 1970, 30 million jobs have been created in the USA, compared with 5 million in the EU • Today unemployment in the EU is more than double the levelin the USA

  3. The key to employment growth in the USA • Fast growing medium sized companies have created 80% of the new jobs in the USA • 1 in 5 of all medium sized companies in the USA is fast growing, compared with 1 in 25 in Europe • There are not enough fast growing companies in Europe • Europe must increase the number of fast growing companies

  4. What is Growth Plus ? • Growth Plus is the association which brings together Europe’s most dynamic, job creating entrepreneurs. Our principle objectives are: • To promote entrepreneurship in Europe • To work with the European Institutions and Nationals Governments to improve the environment for high growth companies • Provide education and networking opportunities for entrepreneurs leading fast growing companies

  5. Mission • Our mission is to promote entrepreneurship throughout Europe and to advise policy makers so as to improve the environment for growth companies.

  6. Vision • We would like to live in a world where growth companies are recognised as the job and prosperity creators. • We want to live in a society where children grow up thinking and behaving in an entrepreneurial manner by taking responsibility for his own future.

  7. Growth Plus Products • Chapters • Austria, France, Germany, Italy, Spain • Forming: Belgium, Netherlands, Ireland, Portugal, Sweden, U.K. • Europe’s 500 • published annually • lists Europe’s fastest growing companies • Research Reports • published annually • studies Europe’s 500 growth companies and strategies • Annual Conference

  8. Funding Sources • Membership dues • Strategic & Other Partners • 3i • Arthur Andersen • Boston Consulting Group • BMW • State of Bavaria • Worldcom Group of P.R. companies • Project income (conference registrations, etc.)

  9. Objective of the Europe’s 500 • Identify Europe’s fastest growing entrepreneurial companies • Demonstrate the impact of growth companies on job and wealth creation • Identify role-models • Celebrate entrepreneurial success in Europe

  10. E-500 : Finding The Winners 1998 Europe’s 500 List Final verification on top 750 Review by Country Experts Elimination/Selection of Companies Direct verification of 2,000 Nominations Marketing with Letter, Fax & Telephones 1997 Europe’s 2000 Nominations List Best lists per country Further data searches on Top 3,000 + also as suggested by Country Experts 5,000 plus list Screened by the Country Experts Elimination/Nomination of Companies 15,000 + Common Database Based on Dun & Bradstreet Model Searches on various Search Engines (D&B) Source 1 Group Nominations e.g. Partners, Usine Nouvelle,... Source 2 1995 Europe’s 500 database Data Updating Source 3 Individual Nominations Mainly through direct faxing Source 4 Source: Growth Plus, Europe’s Unlimited

  11. Criteria • Entrepreneur involvement • Independence • Growth in turnover & employment • Organic growth • Profitability • Size • Minimum 3 years old • Willing to particiapte

  12. Birch Index • David Birch Employee Growth Index: The absolute difference in employment between the upper (1998) and the lower (1993) year, multiplied by Employment in the upper year divided by employment in the lower year. Example : if a company grew from 200 to 800 employees from 1993 to 1998, the Birch index would be : (800-200) X (800/200) = 600 x 4 = 2400

  13. Employment Creation

  14. Employment Statistics • New jobs: 227.311 • Percentage GrowthAnnual: 23.5% Cumulative: 187% • Average per company: 455 (from 243 in 1993 to 698 in 1998) • 53.2% had less than 100 employees in 1993 • 1998 Europe’s 500: 181.000 jobs

  15. Breakdown By Country

  16. Turnover Increase (Euro bn)

  17. Turnover Statistics • Turnover increase: 30.2 Billion Euro • Percentage GrowthAnnual: 26.8% Cumulative: 228.8%

  18. Sectors • Europe’s 500 cover all Sectors • Agriculture, Forestry, Fishing & Mining 5 • Construction & Materials 22 • Manufacturing - total 166 • Transport & Logistics 17 • Trade - Wholesale & Retail 64 • Services - IT & Internet 127 • Services - Other 66

  19. National Statistics • Number of Companies • Compared to 1998 • Sector

  20. Conclusions • Mid-size Growth Companies are vital to create jobs in Europe • Growth companies exist in all countries • Growth companies can be found in all sectors • Government policy should focus on Growth Companies (Gazelles), not simply SME’s of Big Business.

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