Wafflemeister, a popular waffle brand, has achieved significant recognition by being named the third fastest-growing company in the food and beverages sector in the UK by the FT1000: Europe’s Fastest-Growing Companies 2025. This prestigious ranking, compiled by the Financial Times and data research company Statista, showcases the top 1,000 companies in Europe based on their compound annual growth rate (CAGR) between 2020 and 2023.

With an impressive CAGR of 127.4%, Wafflemeister has seen tremendous growth, expanding its revenue from just over €1 million in 2020 to over €12 million in 2023. This growth can be attributed to the company’s strategic expansion efforts, which included increasing its reach from one wholesaler to over 90, as well as entering the retail market in various countries such as the UK, Spain, Sweden, Iceland, and New Zealand. Additionally, Wafflemeister has also established its own foundation to engage in charitable activities focused on food and hospitality.

In order to qualify for inclusion in the FT1000 ranking, companies must meet specific criteria, including having headquarters in one of 35 European countries, generating a minimum of €100,000 in revenue in 2020, achieving at least €1.5 million in revenue in 2023, demonstrating primarily organic revenue growth during this period, and maintaining independence as a company. The FT1000 list highlights companies that have exhibited not only rapid growth but also sustainable growth over the years, including navigating challenges such as the Covid-19 pandemic.

Rikos Leong-Son, CEO of Wafflemeister, expressed pride in the team’s ability to overcome the challenges presented by the pandemic and emerge stronger than ever. The company’s resilience, innovation, and adaptability have enabled it to continue its growth trajectory and solidify its position as one of Europe’s favorite waffle brands. Since the reporting period, Wafflemeister has continued to experience sustainable growth, further establishing its presence in the market.

This recognition from the FT1000 underscores Wafflemeister’s commitment to excellence, innovation, and sustainable growth within the food and beverages sector. By focusing on organic growth and strategic expansion initiatives, the company has been able to achieve remarkable success and position itself as a leader in the industry.

For more information about Wafflemeister and its offerings, visit their website at accessiblehospitality.com. Join us in celebrating Wafflemeister’s achievement and continued success as one of Europe’s fastest-growing companies in the food and beverages sector.