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 rank74

Germany · Healthcare

M1 Kliniken

M1 Med Beauty treatments are offered at more than 35 centres; its Berlin facility has six operating theatres.

+28%revenue growth
FY2022–FY2025
+413%net-income growth
FY2022–FY2025
+124%stock return
FY2022–FY2025
−4%2026 stock return
current context only

Company profile

Treatments, medical standards and a repeatable clinic model

M1 Kliniken is a medical-aesthetics group built around the M1 Med Beauty clinic format. Doctors deliver a deliberately focused set of injectable and surgical procedures, supported by central purchasing, common protocols and the M1 Akademie training system. Outpatient centres handle recurring consultations and treatments, while the Berlin Schlossklinik concentrates plastic surgery. Following the disposal of HAEMATO Pharm, the group describes itself as a vertically integrated pure-play provider of medical aesthetics.

Treatments and access

A focused menu delivered through specialist centres

M1 Med Beauty centres concentrate on hyaluronic-acid fillers, muscle-relaxant injections and selected plastic surgery. Each treatment begins with a doctor consultation; the narrow menu is intended to build repetition and specialist routine rather than recreate a general clinic at every address.

Surgery and medical standards

Hospital-level procedures are concentrated in Berlin

The M1 Schlossklinik in Berlin-Köpenick handles procedures including breast surgery, liposuction, eyelid lifts and body contouring. Its operating theatres, beds and specialist teams separate surgery from the lighter outpatient network. Group rules reserve injectable treatments for doctors and surgery for plastic-and-aesthetic specialists.

Operating model

Training and purchasing make the format repeatable

The M1 Akademie gives physicians, specialists and dentists practical training in procedures, product use and complication management. Common protocols, internal audits, central procurement and high utilisation support consistent delivery when the brand enters another city or country. The same premises have also been used to add services such as laser treatment.

Footprint and strategic focus

A ten-country network is now a pure-play business

M1 reported 59 clinics in ten countries in June 2026, with Germany at the centre and operations extending across Europe and Australia. The sale of HAEMATO Pharm to the PHOENIX group was completed in January 2026, removing the large pharmaceutical-trading activity and sharpening the group's stated focus on medical aesthetics.

Current 2026 update

What has changed in 2026?

Q1 2026 · 3 June 2026

Q1 2026latest official update
4company-specific highlights
−4%2026 stock return · context only

Beauty-segment revenue

Beauty-segment revenue increased 5.7% to EUR 27.1 million in Q1 2026.

Q1 2026 · EUR 27.1m · +5.7%

Beauty-segment EBIT

Beauty-segment EBIT rose 37.6% to EUR 9.2 million and its margin reached 33.9%.

Q1 2026 · EUR 9.2m · +37.6%

Group revenue

Group revenue fell 49.5% to EUR 46.8 million; M1 said the HAEMATO Pharm sale made the comparison only limitedly comparable.

Q1 2026 · EUR 46.8m · -49.5%

Trading-segment EBIT

The Trading segment recorded an EBIT loss of EUR 4.2 million versus a EUR 2.1 million profit after the planned withdrawal from trading.

Q1 2026 · EUR -4.2m

Annual record

Ranking history

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

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202574+28%+413%+124%