XAPT Hungary Ltd. a 2006 Europe’s 500 winner
XAPT Hungary Ltd., of Budapest, the leading Hungarian and Central-East European ERP software and consulting service provider today announced that it has been listed No. 223 among the fastest growing European companies included in the 2006 Europe's 500 Listing, the annual ranking of high growth, job-creating companies published by Europe’s 500 - Entrepreneurs for Growth and supported by Microsoft and KPMG.
Altogether, these 500 dynamic, entrepreneurial-driven winning companies have managed to sustain growth since 2002, boosting employment at an impressive average annual rate of 16% and sales at 18%. Despite the challenging business environment, these champions of growth have created nearly 150,000 jobs across Europe in three years. On average each company has created 99 new jobs per year and increased sales by 25 million euros per year. XAPT Hungary Ltd. has increased employment by 400 % and turnover by 239 %, adding 40 new jobs. The 2006 Listing saw the emergence of winners from many of the new EU member states for the first time: Estonia, Hungary, Latvia, Lithuania, Poland and Slovenia – all new qualifiers to the Listing this year, joined the Czech Republic which was listed for the first time in 2005. However, the high ranking of companies from France and Germany show that job growth is still possible in challenging economic conditions and all the winning companies demonstrate the essential qualities needed if the European Council’s Lisbon strategy for jobs and growth is to be met. Companies like XAPT Hungary Ltd. grow fast and manage to sustain their growth, making them excellent role models for Europe’s future. They can also be successful in any business sector, whether traditional manufacturing or high-tech industry. The IT sector once again dominates this year’s ranking with 150 companies (30 %) but manufacturing also remains consistently high with 26 % and services account for 18 %. XAPT Hungary Ltd. is listed No. 59 among the 111 companies in the IT Services sector who managed to qualify for Europe’s 500. Steve Hollis, KPMG’s Head of Markets in the EMA Region, said: "This year's list is a wake-up call to the established western European markets. These economies should be recognized as important emerging markets alongside the giants of China and India and by outstripping other European markets in terms of job creation and growth the central and eastern European nations are proving themselves a force to be reckoned with, meaning this ranking could look very different in a few years’ time."