EU Industrial R&D Investment Scoreboards 2011

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Market value of companies also improved in comparison with the previousperiod. From 13 August 2010 to 2 August 2011, the market capitalisation ofcompanies increased by 15.9%.Table 2. Overall performance of companies in the 2011 Scoreboard.FactorTop world-1400 R&D investorsR&D investment, € bn 455.97One-year change, % 4.0CAGR 8 3yr, %Net Sales, € bn 13894.183.1One-year change, % 9.4CAGR 3yr, %R&D intensity (R&D as %sales), %-5.4Operating profits, € bn 1450.93One-year change , %3.346.7Profitability (profits as % sales), % 10.4%Capex 9 , € bn 900.88Capex / net sales, % 6.5One-year change , %-1.1Market cap 10 , € bn 14001.79One-year change, % 15.9Note: Calculation of growth rates and ratios include only companies for which data arefully available.Source: The 2011 EU Industrial R&D Investment Scoreboard.European Commission, JRC/DG RTD.8Compound annual growth rate.9Fixed capital investment10Value of the 1277 Scoreboard companies listed in the stock market (324 EU and 953 non-EU), collected in August eachyear, i.e. 2011 for this Scoreboard.14The 2011 EU Industrial R&D Investment Scoreboard
Survey on R&D investment by the EU companiesThe annual publication of the Scoreboard is complemented by a series ofsurveys on R&D Investment Business Trends 11 for companies based in the EU,regarding their ex-ante expectations on future R&D investments and qualitativestatements about their R&D behaviour.The comparison of R&D investment growth expectations collected from thesesurveys with the development of R&D investment is shown in Figure 1.Figure 1.Expected (survey) vs. observed (Scoreboard) R&D growthex ante (expected growth in the Survey)10%ex post (observed growth in the Scoreboard)8%nominal growth6%4%2%0%-2%2005/6 2006/7 2007/8 2008/9 2009/10 2010/11-4%year** the reporting periods of Scoreboard and Survey do not overlap exactly: year 2010/11 relates to the 2010Survey companies with expectations for 2011 and the 2011 Scoreboard companies with the latest financialaccounts considered up until August 2011.Survey annual growth expectations are for the next three years following the exercise, while the Scoreboardsrefer to the latest audited accounts.Source: The 2011 EU Industrial R&D Investment Scoreboard and the 2010 EU Survey on R&D InvestmentBusiness TrendsFor most years, trend expectations from past surveys have been consistent withthe actual trends observed later in the Scoreboard, and the trends anticipated inthe survey since 2007 have been statistically significant. 1211See http://iri.jrc.ec.europa.eu/reports.htm12Using two-sample t-tests with unequal variances between the trends for each of the four data points, the trends were statistically significant at leastat 98.6%.15The 2011 EU Industrial R&D Investment Scoreboard 15
Page 6 and 7: Figure S1. One-year R&D investment,
Page 8: The specialisation of EU companies
Page 11 and 12: A high number of the companies in t
Page 13 and 14: 1. IntroductionThe 2011 "EU Industr
Page 15 and 16: Table 1. Profile of the 2011 Scoreb
Page 17: 2. OverviewIn the last year compani
Page 21 and 22: 3. Top R&D investing companiesThis
Page 23 and 24: R&D changes driven by Mergers and A
Page 25 and 26: Dynamics of top R&D companiesEvery
Page 27 and 28: 4. R&D distribution by regionThis c
Page 29 and 30: Figure 3.R&D investment by the top
Page 31 and 32: R&D Trends of companies in Member S
Page 33 and 34: 5. R&D distribution by industrialse
Page 35 and 36: The actual contribution of an indus
Page 37 and 38: Table 8. Ranking of top 15 industri
Page 39 and 40: Those based in the US specialise in
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Page 47 and 48: Electronic equipment / LeisureThis
Page 49 and 50: Alternative energyAs observed in pr
Page 51 and 52: 6. Fast growing companiesThis chapt
Page 53 and 54: The list of the companies showing t
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Page 57 and 58: Oil equipment, services & distribut
Page 59 and 60: Table 18. Fast growing companies in
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Page 63 and 64: 7. R&D and employmentThis chapter p
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Annex 1 - Background informationThe
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Annex 2 - Description of the Scoreb
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Mergers and acquisitions involving
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• Hewlett-Packard, USA acquired 3
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Annex 3 - Methodological notesThe 2
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The database is supplemented by dat
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1. Funding vs. activityThe focus of
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Standard (IAS) 38 “Intangible ass
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Annex 4 - List of fast growing comp
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Company Country Sector name 4-digit
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Annex 5 -EU1000List of EU1000 and n
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R&D Investment2010change10/09Net Sa
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5.2 Ranking of the top 1000 non-EU
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R&D InvestmentNet SalesR&D/NetSales
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EU Industrial R&D Investment Scoreboards 2011

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