European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent research observatory tracking Europe’s listed growth companies.

Francesco Castellaneta, Full Professor of Strategy and Entrepreneurship, SKEMA Business School – Université Côte d’Azur (GREDEG) · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank1

Poland · Healthcare

Synektik

Provides products, services and IT solutions for surgery, imaging diagnostics, nuclear medicine and healthcare robotics.

+364%revenue growth
FY2022–FY2025
+1028%net-income growth
FY2022–FY2025
+875%stock return
FY2022–FY2025
+44%2026 stock return
current context only

Company profile

Robotics, PET tracers and software for clinical workflows

Synektik is a Polish healthcare-technology group operating across surgical robotics, diagnostic imaging, nuclear medicine and medical IT. It combines its own PET radiopharmaceuticals and software with selected systems from international manufacturers, then supplies the engineering, installation, training, testing and service needed to make those technologies work inside hospitals across Central Europe and the Baltic states.

Robotics and precision medicine

From a lung-biopsy route map to robotic surgery

Synektik distributes Intuitive's da Vinci surgical systems and introduced the Ion robotic platform in Poland for navigating to hard-to-reach lung nodules. Its wider portfolio also covers Symani microsurgery, ZAP-X radiosurgery and MR-guided focused-ultrasound neurosurgery with Exablate Neuro.

Radiopharmaceuticals

Short-lived PET tracers made at three cyclotron sites

Synektik Pharma manufactures and distributes tracers used in PET diagnostics from Kielce, Warsaw and Mszczonów. The listed portfolio includes products for oncology, cardiology and neurology; its Clinical Trials Center can also synthesise novel tracers on demand and arrange land or air delivery to study sites.

Medical software and AI

Move images, results and radiation records through one workflow

ArPACS brings PACS, RIS and image-viewing modules into a radiology environment. Zbadani.pl connects imaging centres, clinicians and patients through DICOM-compatible records and secure result sharing, while SynDose tracks ionising-radiation doses. Synektik works with Carebot on AI support for mammography and chest X-ray analysis. In August 2026, their consortium signed two contracts with Poland’s Centre for e-Health (CeZ), totalling PLN 24.2m, for AI models covering mammography and chest X-rays. Carebot supplies the models; Synektik handles integration with the Intelligent Services Platform, network deployment and ongoing maintenance.

Hospital integration and service

A technology sale can begin with construction work

A turnkey project can include room adaptation, imaging or therapy equipment, PACS/RIS deployment, diagnostic workstations and staff training. Synektik also supplies BD Rowa storage-and-dispensing robots and APOTECAchemo systems for automated oncology-drug preparation, then maintains specialised devices across Poland, Czechia and Slovakia and is extending its service footprint into the Baltic states after securing its first Baltic equipment order in 2026.

Current 2026 update

What is changing at Synektik in 2026?

The final nine-month report confirms that hospital deliveries are expanding Synektik's installed base and follow-on service business. Synektik reports that Edison now has European clearance; the first Baltic equipment contract has been secured, Ukraine is being prepared and drug R&D has moved to Syn2Bio.

Latest official evidence Nine-month report to 30 June 2026 Published 5 August 2026

The change in one sentence

Scale is turning equipment delivery into a regional installed-base business.

Synektik is selling more systems, but the strategic change is what follows: a larger serviced fleet, repeat demand for instruments and software, new therapy platforms and a wider geographic service footprint.

Four lenses on 2026

The same four-quadrant format used in the Company profile.

01 · Installed-base flywheel

The da Vinci fleet reached 142 systems, and follow-on revenue is compounding

Synektik sold 28 da Vinci systems in the first nine months of its financial year. At 30 June, 142 authorised da Vinci systems operated across Poland, Czechia and Slovakia, all under group maintenance agreements. What Synektik calls recurring revenue - maintenance, warranty and IT services plus consumable instruments and accessories - rose 28% to PLN 291.0m over nine months; the trailing-twelve-month figure reached PLN 374.7m, up 32%.

  • Current signal142 da Vinci systems · PLN 291m issuer-defined recurring revenue
  • Why it mattersEach installation can add years of maintenance, software and procedure-material demand, so utilisation and service attachment matter alongside new-system sales.
  • Nine-month report Synektik · 2026-08-05

02 · Platform launch and regional execution

Edison is CE-certified; Baltic sales have started and Ukraine is next

Synektik says Edison obtained CE certification in July, authorising commercialisation and use in the EU. The group registered its Kyiv subsidiary, is building the local team and planned to begin Ukrainian operations around the start of calendar Q4 2026. Its Intuitive agreement now runs through 31 December 2031 and grants exclusivity in Ukraine. In the already-covered Baltic territory, a da Vinci contract with University Hospital Kaunas became the group's first medical-equipment order.

  • Current signalEdison CE certification · Ukraine planned for calendar Q4
  • Why it mattersThe test is whether Synektik can turn existing Baltic rights and the new Ukrainian territory into installed systems, training and dependable local service.
  • Nine-month report Synektik · 2026-08-05
  • Intuitive agreement Synektik · 2026-02-02

03 · Sharper listed group

Syn2Bio's separation makes operating performance easier to read

The final statements report nine-month revenue of PLN 733.4m and net profit from continuing operations of PLN 138.0m. Total net profit of PLN 386.4m reflects continuing profit plus a PLN 261.3m demerger gain, net of a PLN 12.9m loss from the separated business. The cardiotracer project and new-molecule R&D now sit in Syn2Bio, while commercial medtech and radiopharmaceutical activities remain in Synektik.

  • Current signalPLN 138m continuing profit
  • Why it mattersFuture performance should be read through continuing operations and the mix of equipment, services and commercial radiopharmaceuticals, not the one-off demerger gain.
  • Nine-month report Synektik · 2026-08-05
  • Syn2Bio spin-off Synektik · 2026-05-14

04 · What to watch

Three questions for the next disclosures

Three questions distinguish installed-base compounding from a strong delivery period.

  • Demand conversionHow quickly does PLN 44.2m of confirmed backlog convert, and how much of PLN 160.8m in active offers is won, after nine-month order intake of PLN 423.0m?
  • New-market executionDoes Edison move from certification to hospital adoption, does the planned Ukraine launch begin around calendar Q4 2026, and does the first Baltic order lead to further deployments?
  • Flywheel qualityDo recurring revenue and operating cash flow remain strong as the installed base grows and large equipment deliveries change the quarterly mix?

Annual record

Ranking history

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

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY20251+364%+1028%+875%