THEON INTERNATIONAL Group (THEON) announces that it is the only defence company being recognized as 1 of the 1000 Fastest Growing companies in Europe for 2024 by FINANCIAL TIMES and STATISTA.

The FT1000 Europe’s Fastest Growing Companies 2024 is a ranking of 1,000 companies in Europe that achieved exceptional growth rate in revenues over four years, between 2019 and 2022. To earn a place on the list, companies need at least 36.3% 2019-22 compound annual growth in revenue.

The creation of the ranking was based on a three-step process that includes the application and evaluation phases as well as ranking. The companies had to meet different criteria, such as revenue thresholds. All data reported by the companies was processed and checked by STATISTA.

ΤΗΕΟΝ is a leading developer and manufacturer of customizable Night Vision and Thermal Imaging systems for defence and security applications with a global footprint. Excelling in designing and manufacturing cutting-edge devices across both man-portable and platform-based systems, its solutions allow the visualization of images in low light or obscure conditions and meet the standards of the most demanding Armed Forces. THEON’s constantly growing customer base now spans to 68 countries, including 24 NATO countries across the globe.

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Over the 4-year period 2019-2022, the Company has been growing at a rate close to 50% per year achieving very high profitability. In 2022, ΤΗΕΟΝ generated EUR 147.4 million revenue, recording a 2020-2022 CAGR of 64.9% and an EBIT margin of 27.8%, among the highest in the industry globally.

Christian Hadjiminas, Founder and CEO of THEON, commented: “As the FT1000 is based on compound growth, we’re proud to be listed as the only defence company in 1000 Fastest Growing companies in Europe for 2024. This recognition is a testament to the company’s remarkable evolution over the last few years. 

With a focus and dedication to creating innovative night vision and thermal imaging systems for the most demanding armies in the world, and through our extensive network of companies, offices, facilities and our experienced workforce of more than 300 highly skilled employees, we have deployed over 150,000 systems in service across 68 countries, attesting to the company’s widespread impact worldwide. 2024 seems to be an exciting year, with our robust development plan in place after THEON’s recent listing on the Euronext Amsterdam market”.

THEON GROUP was founded in 1997 and since then has become one of the most important factors in the global market. Τhe GROUP has an international presence with offices in Greece, Cyprus, the USA, the UAE, Switzerland and Singapore as well as 3 production facilities in Athens, Wetzlar (Germany) and Plymouth (USA).

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