European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank8

Poland · Industrials

Benefit Systems

Provides MultiSport cards and flexible-benefit programmes through employers, enabling employees to select products and services.

+164%revenue growth
FY2022–FY2025
+360%net-income growth
FY2022–FY2025
+409%stock return
FY2022–FY2025
+47%2026 stock return
current context only

Company profile

Employer-funded activity, wellbeing platforms and owned fitness clubs

Benefit Systems S.A. sells employer-funded access to activity and wellbeing rather than a single gym membership. MultiSport connects employees to partner venues and owned clubs across six countries; Multi.Life and MyBenefit add digital wellbeing, learning and flexible HR benefits. The group also owns fitness networks in Poland and, since May 2025, Turkey's MAC Group. Employers fund or administer the benefit, users choose services, and facility partners gain access to a large membership base.

MultiSport network

One employer benefit now travels across six countries

Since March 2026, MultiSport users have been able to visit 11,000 sports and recreation facilities across Poland, Croatia, Bulgaria, the Czech Republic, Slovakia and Turkey. The portfolio includes Plus, Classic and Light cards plus Student, Senior, Kids and Kids Aqua variants; international visits require an identity-confirmed virtual card. In Poland, eligible cardholders can also use more than 18,000 Nextbike bicycles for one free hour a day without reducing their sports-facility visits.

Digital wellbeing and HR

Multi.Life guides wellbeing; MyBenefit configures the benefit wallet

Multi.Life lets each employee set goals and combines psychological support, development courses, nutrition tools, preventive examinations and AI recommendations. Its Wellbeing Score diagnoses six areas of life; an HR Dashboard aggregates company-level results. MyBenefit gives employers a configurable cafeteria and HR workflow layer, including subscriptions, e-signatures, forms, absence administration and Total Reward Statements. Its product page reports 450,000-plus monthly cafeteria transactions, 1,900-plus partners, 795,000-plus employees and 2,200-plus companies.

Owned-club platform

Polish club brands are joined by Turkey's MAC ecosystem

As of 30 September 2025, the investor FAQ reported 257 group facilities in Poland and 237 across the Czech Republic, Bulgaria, Croatia, Slovakia and Turkey. Polish brands included Zdrofit, Fabryka Formy, My Fitness Place, Fit Fabric and Fitness Academy. Benefit Systems completed its 100% acquisition of Turkey's MAC Group on 7 May 2025; the acquisition materials identify MACFit, MACOne and MAC Studio, alongside the MAC+ app and NUSPA spas.

Scale and strategy

Actual 2025 scale is the base; 2027 ranges are targets, not forecasts

Benefit Systems finished 2025 with more than PLN 4.5 billion of revenue, PLN 924 million of adjusted operating profit, almost 550 owned clubs and over 2.5 million sports-card users. Against that base, its March 2026 update targets 2.95–3.15 million users, 730–820 clubs, PLN 6.4–7.0 billion of 2027 revenue and a 20–21% adjusted operating margin. The issuer explicitly says these ranges are intended strategic directions, not a forecast or estimate.

Current 2026 update

What has changed in 2026?

Second quarter ended 30 June 2026 · 1 July 2026

Second quarter ended 30 June 2026latest official update
1company-specific highlights
+47%2026 stock return · context only

Active sport cards

The number of active sport cards reached 2.696 million at the end of the second quarter.

Second quarter ended 30 June 2026 · 2.696m cards

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY20258+164%+360%+409%