The revenues of 100 biggest companies in SEE totaled 129.3 billion euro ($150.4 billion) in 2019, up by 2.3% as compared to the revenues posted by the entrants in the ranking a year earlier, according to the thirteenth annual edition of TOP 100 SEE which ranks the biggest companies in the region by total revenue.
The analysis shows that there is weak growth in the revenues of the one hundred biggest companies in SEE totaled 129.3 billion euro ($150.4 billion) in 2019, up by 2.3% as compared to the revenues posted by the entrants in the ranking a year earlier, according to the thirteenth annual edition of TOP 100 SEE which ranks the biggest companies in the region by total revenue.
At the same time the profits of the region’s heavyweights in 2019 dropped to a total of 4.7 billion euro, from 5.7 billion euro booked by the entrants in the ranking a year earlier.
Romania's Automobile Dacia, a unit of France’s Renault, retained its lead in the ranking for a sixth year running even though its revenue edged down to 5.21 billion euro from 5.3 billion euro in 2018. Dacia’s profit also declined, to 139 million euro from 161 million euro.
Lukoil Neftochim Burgas AD is the only one Bulgarian company among the top 10 biggest companies in the region and it takes the fifth place.
The rest of the Bulgarian companies presented in the ranking are: Lukoil Bulgaria EOOD (22nd place), National Electricity Company EAD (28th place), Astra Bioplant EOOD (44th place), Saksa OOD (49th place), Kaufland Bulgaria EOOD & Co KD (61st place), Bulgargaz EAD (78 place), AETs Kozloduy EAD (82nd place), Express logistic and distribution EOOD (88th place), BA Glass Bulgaria AD (98th place) and LIDL Bulgaria EOOD & Ko KD (99th place).
When it comes to industry segmentation, the oil and gas industry and wholesale and retail trade are represented by 25 companies in the ranking, the electricity – with 10, the automotive – with 8, plus 4 tire companies that fall into the rubber segment. Metal production participates in the ranking with 3 companies, and the agricultural sector with 4.
“The dark horse in this year’s edition of the SEE TOP 100 ranking is the pharmaceuticals sector. The three pharmaceutical companies on the list surprisingly posted a 15% return on revenue combined, the highest among the sectors,” a SeeNews article said.
For the first time since SeeNews started compiling its ranking of the 100 biggest companies in Southeast Europe, the number of wholesalers and retailers equals that of oil and gas companies, 25.
In addition to the 100 biggest companies in terms of turnover in the region, the SEE ranking also includes the 100 largest banks by total assets and the 100 largest insurers by gross written premiums in Southeast Europe.
The data used in compiling the ranking are from national trade registers, stock exchanges, government and corporate websites, industry regulators, local business information providers, as well as with the assistance of the companies themselves.
TOP 100 SEE also includes additional rankings reflecting both the positioning in 2019 and in the last decade of the most profitable and dynamic companies, those with the highest losses, the most successful industries and the companies with the highest revenue per capita. In the thirteenth edition one can find interviews with representatives of leading companies, as well as analyzes of the fastest growing industries, including Galina Vinchelete, Regional Director for EU countries at the World Bank, Juzana Hargitai, EBRD Head of the Western Balkans and others.