Top 100 See - - Contents -

The oil and gas in­dus­try, the biggest in the re­gion, posted a slight de­cline in to­tal rev­enue and a sharp fall in profit. Phar­ma­ceu­ti­cals re­mained the most prof­itable in­dus­try with a 13.35% re­turn on rev­enue. For the first time in five years the 2013 SEE in­dus­trial rank­ing saw a reshuf­fle among the top four, with the au­to­mo­tive in­dus­try climb­ing up to the fourth spot on a 48% in­crease in to­tal rev­enue. Car mak­ers in South­east Europe (SEE) have seen a steady rise in their to­tal rev­enues over the past years – from 4.6 bil­lion euro in 2010 to 5.6 bil­lion euro in 2011, 6.65 bil­lion euro in 2012 and 9.05 bil­lion euro in 2013, mak­ing their way up the rank­ing. They also man­aged to turn to a com­bined net profit of 138 mil­lion euro in 2013 from a net loss of 36 mil­lion euro a year ear­lier.

The au­to­mo­tive in­dus­try had seven rep­re­sen­ta­tives in the SEE TOP 100 com­pa­nies, in­clud­ing FIAT Au­to­mo­bili Sr­bija, which booked a three­fold in­crease in rev­enue to 1.576 bil­lion euro. The Ser­bian com­pany climbed up to the 17th place from the 88th - the high­est jump in the SEE TOP 100 com­pa­nies rank­ing. Ro­ma­nian car maker Da­cia too had a suc­cess­ful year - af­ter slip­ping two spots to num­ber 7 in the rank­ing of the biggest com­pa­nies in the re­gion in 2012, it climbed again to the sec­ond po­si­tion, its rev­enues in­creas­ing 44% within a year to 4.16 bil­lion euro.

The oil and gas in­dus­try, how­ever, re­mained the biggest in­dus­try in the re­gion. Its to­tal rev­enue, though, dropped 5.45% to 41.77 bil­lion euro, whereas to­tal net profit plum­meted to 659 mil­lion euro from 1.09 bil­lion euro a year ear­lier.

The three com­pa­nies in the SEE TOP 100 rank­ing to post the biggest profit are rep­re­sen­ta­tives of the oil and gas sec­tor - OMV Petrom, Naftna In­dus­trija Sr­bije, and Romgaz. How­ever, as many as eight of the ten biggest loss-mak­ers among the biggest cor­po­ra­tions in the re­gion also come from the oil and gas sec­tor, with JP Sr­bi­ja­gas as the worst per­former. In­dus­try of­fi­cials have pointed to de­pressed de­mand and, in Ro­ma­nia in par­tic­u­lar, an in­creased fis­cal bur­den, as hurt­ing their bot­tom­line.

The whole­sale and re­tail sec­tor re­mained third for the fourth con­sec­u­tive year, af­ter reg­is­ter­ing a 2.08% rise in to­tal rev­enues to 13.3 bil­lion euro. It turned to a net profit of 89.4 mil­lion euro af­ter a net loss of 12.4 mil­lion.

Like else­where in Europe, the telecom­mu­ni­ca­tions sec­tor in SEE re­gion is not show­ing signs of re­cov­ery – the tel­cos that made it into SEE TOP 100 recorded a de­cline in their com­bined net profit to 571.9 mil­lion euro in 2013 from 633.8 mil­lion euro a year ear­lier on a 1.74% drop in to­tal rev­enues to 5.32 bil­lion euro. Telecom­mu­ni­ca­tions, how­ever, re­mained one of the most prof­itable in­dus­tries in the re­gion with a 10.75% re­turn on rev­enue.

Con­struc­tion led the rank­ing in terms of sharpest rise in rev­enue in 2013. The sec­tor's com­bined rev­enues surged four­fold to 2.17 bil­lion euro, and its to­tal net profit rose 44% to 56.5 mil­lion euro. How­ever, it would be pre­ma­ture to draw any con­clu­sions about the state of the sec­tor as these fig­ures re­flect the per­for­mance of just one com­pany that made it into the SEE TOP 100 rank­ing Ro­ma­nian state-owned road con­struc­tion and main­te­nance com­pany CNADNR. Fur­ther­more, trans­fers from the state bud­get ac­counted for a large part of the com­pany's to­tal rev­enues.

The biggest rev­enue drop, by 30%, was posted by the trans­porta­tion sec­tor, but here too no con­clu­sions can be made as the fig­ures re­flect the per­for­mance of only one com­pany, Ro­ma­nian state-owned rail­way in­fra­struc­ture op­er­a­tor CFR.

Phar­ma­ceu­ti­cal com­pa­nies re­mained the most prof­itable in the SEE re­gion for yet an­other year with a com­bined re­turn on rev­enue at 13.35%, on the back of the per­for­mance of only two com­pa­nies – Slove­nia's Krka and Lek.

The rub­ber and rub­ber prod­ucts in­dus­try took the sec­ond place in the rank­ing, with a 12.49% re­turn on rev­enue, also based on the results of two com­pa­nies, both car tire mak­ers.

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