Per capita

Top 100 See - - Contents - By Ivaylo Mi­haylov

Slove­nia's lead in SEE TOP 100 per capita rank­ing is slowly shrink­ing as Croa­t­ian com­pa­nies are grad­u­ally catch­ing up. Once again, al­most half the en­trants in the rank­ing are en­ergy com­pa­nies. Com­pa­nies from Slove­nia, an EU–mem­ber state of some two mil­lion, per­formed best in this year's edi­tion of the SEE TOP 100 per capita rank­ing. How­ever, Slove­nia was left with just 28 com­pa­nies in the rank­ing, down from 32 in last year's edi­tion, while sec­ond-placed Croa­tia added two en­trants to its num­bers, clos­ing the gap be­tween two coun­tries' per­for­mances in the SEE TOP 100 per capita rank­ings.

Slove­nian en­ergy com­pany Petrol led the SEE TOP 100 com­pa­nies per capita rank­ing, for the eighth con­sec­u­tive year, with a rev­enue per capita ris­ing to 1,673 euro in 2014 from 1,646 euro the pre­vi­ous year. Slove­nia landed a to­tal of six com­pa­nies in the rank­ing's top 10. Slove­nian re­tailer Mer­ca­tor ranked third with 740.1 euro rev­enue per capita, a slight de­crease from 750.2 euro the pre­vi­ous year. In 2014 Croa­t­ian pri­vately-held con­cern Agrokor com­pleted the takeover of 53.12% of Mer­ca­tor in what was prob­a­bly the big­gest sale deal in the re­gion. In 2013, Mer­ca­tor was strug­gling to get back to profitabil­ity, be­ing forced to exit the Bul­gar­ian and Al­ba­nian mar­ket and lay off a num­ber of em­ploy­ees. A proof that the com­pany is al­ready strength­en­ing its po­si­tion in 2014 is the fact that it moved up three spots to the 17th po­si­tion in the SEE TOP 100 rank­ing in terms of to­tal rev­enue. An­other Slove­nian com­pany, power con­glom­er­ate HSE d.o.o., fol­lowed in 4th place with 693.2 euro rev­enue per capita, a sharp de­crease from the 828.8 euro it recorded in 2013. The com­pany de­cided to launch liq­ui­da­tion pro­ceed­ings for its ther­mal power plant Tr­bovlje due to neg­a­tive pro­jec­tions for elec­tric­ity and coal prices. Slovenske Elek­trarne lost five spots, rank­ing 19th in the SEE TOP 100 rank­ing in terms of to­tal rev­enue.

Com­pa­nies from Croa­tia, a coun­try of over four mil­lion peo­ple, were the sec­ond most widely rep­re­sented with 21 en­trants in the list, up from 19 in 2013. Croa­t­ian oil and gas com­pany INA ranked sec­ond with 742.8 euro in rev­enue per capita ver­sus 777.4 euro in 2013. Still, INA gained one spot in the rank­ing. Re­tailer Konzum was Croa­tia's sec­ondbest per­former, rank­ing 11th with 392.8 euro in rev­enue per capita, edg­ing up from 391.8 in the pre­vi­ous year. The com­pany lost one po­si­tion from the tenth spot in last year's rank­ing.

With re­spec­tively ten and nine com­pa­nies on the list, Mon­tene­gro and Bulgaria took the third and fourth place. Oil re­fin­ery Lukoil Neftochim Bur­gas re­mained the top per­former among the Bul­gar­ian com­pa­nies, end­ing sev­enth on the per capita rank­ings while Bulgaria's sec­ond best per­former - cop­per pro­ducer Au­ru­bis, took 16th place. At num­ber 10, power util­ity Elek­tro­privreda Crne Gore was the best Mon­tene­grin per­former. Whole­saler and re­tailer Voli Trade was among the most no­table new­com­ers in the rank­ings and is Mon­tene­gro's run­ner up at 19th place in the SEE TOP 100 per capita rank­ings. It should be noted that Mon­tene­gro dou­bled the num­ber of its com­pa­nies in the rank­ings to 10 this year.

The num­ber of firms from Bos­nia and Herze­gov­ina was also up, ris­ing to eight from six in the pre­vi­ous year. The coun­try's top en­trant, oil trader and man­u­fac­turer Op­tima Grupa, fell to 45th while its sec­ond best per­former re­mained at 49th place.

Ro­ma­nia's best per­former - car maker Au­to­mo­bile-Da­cia, which dis­lodged an­other Ro­ma­nian com­pany, OMV Petrom, to top the 2014 edi­tion of the SEE TOP 100 com­pa­nies rank­ing, ended 27th in terms of rev­enue per capita. Da­cia's rev­enue rose 2.2% to 4.2 bil­lion euro in 2014 as its net profit in­creased 10%, push­ing the com­pany up five spots in the rank­ings. Ro­ma­nia's sec­ond best per­fomer, oil and gas group OMV Petrom, re­mained 29th. Ro­ma­nia had eight rep­re­sen­ta­tives in the rank­ings, same as last year.

Mace­do­nia had six rep­re­sen­ta­tives in the rank­ing, same as Ser­bia. The Mace­do­nian unit of UK-based spe­cialty chem­i­cals com­pany John­son Matthey was the top Mace­do­nian per­former with 447.8 euro in rev­enue per capita in 2014, up from 302.4 euro from the pre­vi­ous year. The num­ber of Ser­bian com­pa­nies in the rank­ings fell to six from last year's nine.

En­tries from Al­ba­nia and Moldova round off the rank­ings. Al­ba­nia has three com­pa­nies, of which oil and gas dis­trib­u­tor Kas­trati at the 39th spot, was the top per­former. Its rev­enue per capita stood at 158.4 euro, up from the pre­vi­ous year's 151.2 euro. Gas util­ity Moldovagaz was the only Moldovan com­pany to make the cut, plac­ing 86th with 83.8 euro in rev­enue per capita ver­sus 86.1 euro in 2013.

In a break­down by sec­tor, en­ergy com­pa­nies dom­i­nate the SEE TOP 100 per capita rank­ing in 2014, mir­ror­ing the sit­u­a­tion in the SEE TOP 100 com­pa­nies rank­ing. Whole­sale and re­tail com­pa­nies ranked sec­ond, fol­lowed by tele­coms.

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