EU COMPANIES LAGGING BEHIND AS GLOBAL GROWTH COMPANIES

Back in 2007, the World Economic Forum formed the Community of Global Growth Companies (GGC) to engage dynamic high-growth companies with the potential to be tomorrow's industry leaders and to become a driving force of economic and social change.

In order to be considered as a Global Growth Company, a company must demonstrate:

• Consistent annual growth rates exceeding industry and regional average by 15%,
• Minimum turnover between US$ 100 million and US$ 5 billion, depending on the industry,
• Demonstrated growth potential,
• Capacity and intent to build a global business
• Exemplary executive leadership.

As of March 2012, 333 companies from over 60 countries have been admitted to the GGC Community. But only 24 EU-based companies (that's about 7% of total) are part of it and only 10 EU member states are represented. Here below is the breakdown:

1. Austria: 1 company
2. Belgium: 1 company
3. Germany: 4 companies
4. Greece: 1 company
5. Italy: 4 companies
6. Portugal: 1 company
7. Slovenia: 1 company
8. Spain: 1 company
9. Sweden: 1 company
10. United Kingdom: 9 companies