Most improved revenue

Oil and gas company OMV (ranked 57th in the Top 200 Index) has reported the most improved revenue in 2020.

Its revenue increased to

$721m in the current year compared to $202m in 2019.

This 256.8 per cent increase in revenue can be attributed to increases in both domestic and offshore sales, reporting significant increases in its sales of crude oil and gas.

Newcomer to the Index Microsoft (95th) is ranked second for most improved performance, with a 153 per cent increase in revenue on last year’s result from $183m to $462m.

Another newcomer, Simsmetal Industries (181th), has seen a similar increase in revenue, reporting an increase of 123.2 per cent from $101m in 2019 to $226m in 2020.

Horizon Energy, Scott Technology, and Seeka are also new entrants to the Deloitte Top 200 Index in 2020.

A2 Milk and Xero are the only companies to be included on this index for four years in a row, while Scentre has been included for two years in a row, following its entrance into the Top 200 Index in 2019.

This year’s best growth strategy finalist, Xero, held 11th place in 2019 (35.9 per cent), and now holds the eighth spot in 2020 with a revenue growth of 29.9 per cent. Xero has experienced increased revenue over the last four years mainly due to the increase in international subscribers exceeding those from New Zealand.

CDC Pharma is the only company to be included in both the most improved profit and most improved revenue index in 2020.