EU Industrial R&D Investment Scoreboards 2011

Figure 3 and Table 5 summarise the companies' indicators aggregated by mainworld region. Table 6 shows the main indicators of countries included in the OCgroup.The growth rates of R&D investment and net sales of EU companies improvedsignificantly in 2010, at 6.1% and 13.0% respectively. The group of UScompanies did better with 10.0% R&D growth and similar increase in net salesthan EU companies (13.2%).Japanese companies had negative growth rate of R&D and net sales, at -9.7%and -10.1% respectively. However, figures from Japanese companiescorrespond to an earlier sampling period (see Methodological notes). Morerecent data show signs of recovery from Japanese companies, the top 10 R&Dinvesting companies, accounting for 38% of the total R&D of the Japanesegroup, reported growth rate of R&D and sales of 2.4% and 4.35% respectively.The companies from other countries then EU, US and Japan (OC) continued toshow substantial growth rates of R&D investment (10.7%) and net sales(21.8%).The share of EU companies of the total Scoreboard R&D investment droppedfrom 30.6% to 29.0%, whereas the share of US and other countries (OC)increased respectively by 0.8 and 1.1 percentage points. The Japanesecompanies maintained a similar share of R&D investment as last year.Companies in the OC group continued to show the trend of high R&D growthrate observed in past years. This is mainly the case of companies based inemerging markets such as China (29.6%), India (20.5%), South Korea (+20.5%)and Taiwan (+17.8%).In the sample of world top 100 companies (accounting for 58% of the total R&Dinvestment), there are 29 EU companies of which 22 increased R&D, 35 UScompanies of which 29 increased R&D and 26 Japanese of which only 8increased R&D.The R&D intensity of companies decreased in most regions due to the increaseof net sales exceeding that of R&D investment, except in Japan where R&Dgrowth and net sales decreased at similar pace.Fixed capital expenditures increased in most regions, in the US by 12.1%, by2.9% in the EU and by 5.7% in the OC group. Japanese companies droppedsignificantly their fixed capital expenditures, by 25.0 %.Compared with the previous year, the profitability (operating profits aspercentage of net sales) improved considerably across-the-board, EUcompanies (10.0%), US (14.4%), Japan (3.8%) reflecting mostly 2009 recessionyear data and the OC group (12.7%).Market capitalisation continued to recover in 2010. The change observed from13 August 2010 to 2 August 2011 was positive for OC companies (19.8%), UScompanies (18.1%), EU companies (12.1%) and for Japanese companies(11.6%).24The 2011 EU Industrial R&D Investment Scoreboard