cent, while they recorded sales and profit growth rates of 7.1 per cent and 9.7 per cent, respectively.
"Japanese company Toyota Motor appears at the top of the ranking in the 2012 Scoreboard. The top R&D investor based in the EU is Volkswagen, at number three in the world ranking and the only EU company in the top 10 (US has 5 companies, Switzerland 2 and South Korea 1)," the report said.
Pharma companies -- Roche, Pfizer and Merck – have slipped down in the ranking but remain among the top 10.
In terms of sectors, most companies showing very large R&D increases among the top 100 are in the ICT (Information, Communication and Technology) space, while companies from automobiles and parts, industrial engineering and electronics sectors have also registered strong growth in R&D investments.