Ro­ma­nia's Romgaz tops SEE most prof­itable com­pa­nies rank­ing

Top 100 See - - Top 100 Companies - By Djordje Daskalovich

Ro­ma­nian nat­u­ral gas pro­ducer Romgaz has over­taken peer OMV Petrom as the win­ner of this year's edi­tion of the SEE Most Prof­itable com­pa­nies rank­ing with a 28.26% re­turn on rev­enue af­ter a two-year stay at the no. 2 spot. The com­pany booked a net profit of 314.6 mil­lion euro, the sec­ond big­gest among the en­trants in the SEE TOP 100 rank­ing, on 1.1 bil­lion euro rev­enue. The pos­i­tive re­sults were ac­com­pa­nied by 249 mil­lion euro in­vest­ment pro­gramme, mostly in 2D and 3D seis­mic sur­veys, as well as drilling of 22 exploration wells.

For its part, the for­mer win­ner OMV Petrom does not even make it into this year's edi­tion of the rank­ing af­ter its net profit fell 62% to 409.9 mil­lion euro, while rev­enues edged down 3% to 4.1 bil­lion euro. Still, it ranked as the big­gest com­pany in South­east Europe in terms of net profit in 2014.

The next po­si­tions in the rank­ing were taken by two elec­tric­ity pro­duc­ers – Ro­ma­nia's Hidroelet­rica and Croa­tia's HEP-Proizvod­nja, a car tires maker, Ro­ma­nia's Con­ti­nen­tal Au­to­mo­tive Prod­ucts, and a telecom­mu­ni­ca­tions com­pany, Croa­tia's Hr­vatski Telekom. Con­ti­nen­tal rose by one spot from the pre­vi­ous year, in tune with the gen­eral up­trend in the au­to­mo­tive industry.

Hr­vatski Telekom dropped one place from last year, whereas its Ser­bian peer Telekom Sr­bija climbed to the no. 6 spot from the ninth po­si­tion in last year's rank­ing. Telekom Sr­bija's re­turn on rev­enue rose to 17.71% from 16.11%. The two com­pa­nies were the only rep­re­sen­ta­tives of the telecom­mu­ni­ca­tions sec­tor in the rank­ing this year.

The Ro­ma­nian com­pa­nies' dom­i­na­tion spreads over the rank­ing of the most prof­itable com­pa­nies, as well. They oc­cupy six out of the 10 spots, un­changed from last year. Croa­tia comes next with three en­tries, while Ser­bia was rep­re­sented by only one com­pany. In the pre­vi­ous rank­ing, Croa­tia and Ser­bia had two en­tries each.

This year's rank­ing is rather di­verse as it com­prises rep­re­sen­ta­tives of eight dif­fer­ent in­dus­tries.

Croa­t­ian drug maker Pliva came in sev­enth as its re­turn on rev­enue rose to 15.43% from 14.07%. Pliva, part of Israel-based Teva Group, opened in late 2013 a new plant near Za­greb. The new plant was sup­posed to sig­nif­i­cantly im­prove Pliva's ca­pac­ity for pro­duc­tion of tablets and cap­sules and boost its ex­ports, since most of these prod­ucts are in­tended for in­ter­na­tional mar­kets, it said at the time. Ob­vi­ously the plan worked as Pliva was pro­pelled to the SEE TOP 100 com­pa­nies rank­ing, land­ing at no. 77.

The eighth po­si­tion was taken by the Ro­ma­nian unit of Aus­trian wood pro­cess­ing com­pany Holzin­dus­trie Sch­weighofer, which fell by one place from last year as its re­turn on rev­enue dropped by close to six per­cent­age points to 13.84%.

Ro­ma­nian met­als com­pany Sil­co­tub, a new­comer to the rank­ing, placed ninth with a re­turn on rev­enue of 12.72%. A year ear­lier, its re­turn on rev­enue stood at 9.32%. An­other Ro­ma­nian com­pany, do-it-your­self re­tailer Dede­man, took the last place in this year's rank­ing af­ter its re­turn on rev­enue rose to 12% from 10.56%. The re­tailer has been busy ex­pand­ing its net­work - in mid-2014 it said it plans to in­crease the num­ber of its out­lets to 50 by the end of 2015.

The thresh­old for mak­ing it in this year's rank­ing dropped, as com­pa­nies needed to achieve a re­turn on rev­enue of above 12% to find them­selves on the list ver­sus 14.86% a year ear­lier, in­di­cat­ing that the gen­eral profitabil­ity of the com­pa­nies in the re­gion has dropped.

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