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 rank35

Poland · Healthcare

Voxel

Provides imaging diagnostics, teleradiology and radiopharmaceuticals within a group spanning diagnostics, therapeutics and information technology.

+80%revenue growth
FY2022–FY2025
+147%net-income growth
FY2022–FY2025
+199%stock return
FY2022–FY2025
0%2026 stock return
current context only

Company profile

Imaging, radiopharmaceuticals and connected care

Voxel combines diagnostic imaging, specialist treatment and healthcare technology in one Polish group. Its clinical businesses perform MRI, CT and PET-CT examinations and remote image interpretation; the group also manufactures short-lived radiopharmaceuticals, operates Gamma Knife services and develops the RIS/PACS infrastructure used to move images and reports through a diagnostic workflow.

Diagnostic network

Acquire an image in one centre and interpret it elsewhere

MRI, CT and PET-CT are the principal examinations in Voxel's diagnostics segment. Teleradiology adds a second layer: images can travel over a secure connection to a specialist in another location, while the same clinical network supports complex imaging protocols and commercial clinical trials.

Radiopharmaceuticals

Make short-lived tracers close enough to the scanner

Voxel names V-PET, FCH, V-NaF and V-Ga68 in its medicinal-product range. Production sites in Warsaw, Kraków and Katowice support time-critical distribution, while the new 2,505-square-metre Katowice centre combines automated production, clean rooms, microbiology and quality-control laboratories.

Precision therapy

Focus radiation on a target without an open operation

Exira introduced Gamma Knife in Katowice in 2013. Voxel's English technical material explains how multiple cobalt sources focus a high-intensity dose at one point and places the service beside magnetic-resonance imaging, neurosurgery and radiotherapy within the group's therapeutic segment.

Digital workflow and research

Connect scanners, software and specialist knowledge

Voxel's teleradiology service configures diagnostic equipment, transmission software and data flows for remote reporting. Alteris adds RIS/PACS, turnkey imaging laboratories, telehistopathology and shielded MRI rooms; Voxel's 2022 presentation reported its IT systems in more than 250 hospitals and diagnostic centres.

Current 2026 update

What has changed in 2026?

Q1 2026 · 28 May 2026

Q1 2026latest official update
3company-specific highlights
0%2026 stock return · context only

Revenue

Q1 sales revenue was broadly flat, edging down to PLN 157.2m from PLN 157.8m.

Q1 2026 · PLN 157.2m · -0.4%

Operating profit

Q1 operating profit rose to PLN 42.5m from PLN 32.8m.

Q1 2026 · PLN 42.5m · +29.5%

Profit

Q1 net profit rose to PLN 32.4m from PLN 24.7m.

Q1 2026 · PLN 32.4m · +31.5%

Annual record

Ranking history

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

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202535+80%+147%+199%