Industry Report Activities of Head Offices; Management Consultancy Activities 2018 BULGARIA
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Industry Report Activities of head offices; management consultancy activities 2018 BULGARIA seenews.com/reports This industry report is part of your subcription access to SeeNews | seenews.com/subscription CONTENTS I. KEY INDICATORS II. INTRODUCTION III. REVENUES IV. EXPENSES V. PROFITABILITY VI. EMPLOYMENT 1 SeeNews Industry Report In 2017 there were a total of 6,898 companies operating in the industry. In 2016 their number totalled 7,019. I. KEY INDICATORS NUMBER OF COMPANIES IN ACTIVITIES OF HEAD OFFICES; The Activities of head offices; management consultancy MANAGEMENT CONSULTANCY ACTIVITIES INDUSTRY BY activities industry in Bulgaria was represented by 7,255 SECTORS companies at the end of 2018, compared to 6,898 in the SECTOR 2018 2017 2016 previous year and 7,019 in 2016. BUSINESS AND OTHER MANAGEMENT 6,679 6,339 6,461 CONSULTANCY ACTIVITIES The industry's net profit amounted to BGN 645,618,000 in PUBLIC RELATIONS AND COMMUNICATION 393 393 365 2018. ACTIVITIES ACTIVITIES OF HEAD OFFICES 183 166 193 The industry's total revenue was BGN 2,111,906,000 in 2018, up by 4.84% compared to the previous year. The combined costs of the companies in the Activities of III. REVENUES head offices; management consultancy activities industry reached BGN 1,426,573,000 in 2018, up by 13.94% year-on- The total revenue in the industry was BGN 2,111,906,000 in year. 2018, BGN 2,014,375,000 in 2017 and 1,723,219,000 in 2016. The industry's total revenue makes up 2.13% to the country's Gross domestic product (GDP) in 2018, compared Total revenue to 2.10% for 2017 and 1.86% in 2016. Net sales revenue 2,200,000,000 2,111,906,000 A total of 27,758 people were employed in the Activities of 2,014,375,000 head offices; management consultancy activities industry in 2,000,000,000 2018, compared to 8,848 in 2017 and 8,652 in 2016. 1,800,000,0001,723,219,000 Most of the companies in the industry are based in Sofia, 1,600,000,000 followed by Plovdiv and Varna. 1,400,000,000 1,200,000,000 II. INTRODUCTION 1,263,527,000 BGN 1,000,000,000 1,048,086,000 In 2018 the companies in the Activities of head offices; 800,000,000938,199,000 management consultancy activities industry numbered 7,255, distributed in 3 sectors. 600,000,000 400,000,000 200,000,000 INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES 0 2016 2017 2018 The companies in the Activities of head offices; management consultancy activities market of Bulgaria earned combined net sales revenues of BGN 1,263,527,000 in 2018. 393 In annual terms, sales marked a growth of 20.56% compared to 2017. In comparison to 2016 they rose by 34.68%. In 2017 183 sales increased by 11.71% year-on-year. The Activities of head offices; management consultancy activities industry total revenue make up 2.13% to the 6,679 country's GDP in 2018, compared to 2.10% for 2017 and 1.86% in 2016. Business and other management consultancy activities Public relations and communication activities Activities of head offices 2 SeeNews Industry Report Share in GDP 2.2 2.1% 2.13% INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS 2 1.86% 1.8 1.6 1.4 5.48% 1.2 1 3.31% 0.8 0.6 91.21% 0.4 0.2 0 2016 2017 2018 In 2018 the Activities of head offices; management Business and other management consultancy activities consultancy activities industry contributed to GDP BGN Activities of head offices 1,811,349,000 in Gross value added (GVA) accounting for 0.99% of the total for the country's economy. Public relations and communication activities In the previous year, the industry's GVA amounted BGN The highest growth, of 33.87%, was recorded by Activities of 1,786,707,000, accounting for 1.05% of the total for the head offices, while Public relations and communication country in 2017. In 2016 the GVA of the Activities of head activities registered the sharpest decline, of 0.79%. offices; management consultancy activities was BGN 1,544,582,000, or 1.01% of the GVA for the country's TOP COMPANIES' REVENUE BY SECTORS SEGMENT COMPANY TOTAL REVENUE NET SALES economy. (BGN) REVENUE (BGN) BUSINESS AND OTHER MANAGEMENT CONSULTANCY ACTIVITIES GVA BY SECTORS DZHI STAR OOD 107,917,000 0 RANK SECTOR BGN SHARE OF THE COUNTRY'S NSN INVESTMANT EOOD 57,585,000 278,000 GVA (%) ADVANCE PROPERTIES OOD 55,789,000 9,671,000 1 BUSINESS AND OTHER MANAGEMENT 1,583,017,000 0.87 PUBLIC RELATIONS AND COMMUNICATION ACTIVITIES CONSULTANCY ACTIVITIES NS INDUSTRIES EOOD 2,520,000 249,000 2 ACTIVITIES OF HEAD OFFICES 186,193,000 0.10 UNITED PARTNERS EOOD 2,408,000 2,357,000 3 PUBLIC RELATIONS AND 42,139,000 0.02 COMMUNICATION ACTIVITIES HORA EOOD 2,315,000 2,311,000 ACTIVITIES OF HEAD OFFICES GLAVBOLGARSTROY HOLDING AD 26,975,000 15,224,000 We expect, based on the trend in the last three years, the total SOFSTOK TREYD AD 24,893,000 0 revenue of the Activities of head offices; management AMAREAL OOD 24,781,000 0 consultancy activities industry to change at a compound annual growth rate (CAGR) of 10.70% in 2019. The top 10 companies in terms of total revenue in Activities of Business and other management consultancy activities head offices; management consultancy activities accounted contributed net sales revenue of BGN 1,152,472,000 or 91.21% for 20.06% of the industry's total in 2018, 31.40% in 2017 and of the total net sales in the industry, sector Activities of head 31.20% in 2016. offices - BGN 69,241,000 (5.48%), and sector Public relations and communication activities - BGN 41,814,000 (3.31%). TOP 10 COMPANIES BY TOTAL AND NET SALES REVENUE IN THE INDUSTRY RANK COMPANY TOTAL REVENUE NET SALE (BGN) REVENUE (BGN) 1 DZHI STAR OOD 107,917,000 0 2 NSN INVESTMANT EOOD 57,585,000 278,000 3 ADVANCE PROPERTIES OOD 55,789,000 9,671,000 4 VIRTUAL ZONE EUROPE EOOD 51,692,000 51,632,000 5 ENRGO-PRO VARNA EAD 31,601,000 28,423,000 6 GLAVBOLGARSTROY HOLDING AD 26,975,000 15,224,000 7 SOFSTOK TREYD AD 24,893,000 0 8 AMAREAL OOD 24,781,000 0 3 SeeNews Industry Report 9 AMETA HOLDING AD 21,367,000 288,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET PUBLIC 10 BALKAN AEROSPACE ENGINEERING EOOD 21,142,000 0 RELATIONS AND COMMUNICATION ACTIVITIES WERE: COMPANY BGN NS INDUSTRIES EOOD 2,520,000 The total revenues of the top 10 companies in the Activities of UNITED PARTNERS EOOD 2,408,000 head offices; management consultancy activities were 0.43% HORA EOOD 2,315,000 of GDP in 2018, compared to 0.66% for 2017 and 0.58% in FAYF DABULYU KOMYUNIKEYSHANS OOD 1,913,000 2016. EVROSERVIZ KONSULTING BG OOD 1,506,000 TV DIRECT EOOD 1,324,000 The top 10 by assets in the Activities of head offices; HAMFRITO TREYD EOOD 1,178,000 management consultancy activities sector made up BGN PR PLAY OOD 1,142,000 56,741,000, or 4.49% of the total net sales revenue. IKONA KOMYUNIKEYSHANS GRUP EOOD 1,112,000 COMMUNICA EOOD 1,107,000 TOP 10 BY TOTAL ASSETS IN THE INDUSTRY RANK COMPANY BGN 1 ADVANCE PROPERTIES OOD 560,748,000 The 10 largest companies in terms of total revenue in sector 2 EVROINS INSHURANS GRUP AD 509,099,000 Public relations and communication activities earned total 3 ENRGO-PRO VARNA EAD 446,155,000 revenue of BGN 16,525,000 and accounted for 0.78% of the 4 CKB GROUP EAD 262,578,000 industry's total revenue. 5 HOLDING BDZ EAD 260,524,000 6 TAYLS KO OOD 219,075,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET 7 DZHI STAR OOD 215,900,000 ACTIVITIES OF HEAD OFFICES WERE: 8 EVN BULGARIA EAD 192,180,000 COMPANY BGN 9 SPEEDY GROUP AD 181,087,000 GLAVBOLGARSTROY HOLDING AD 26,975,000 10 AGROHOLD AD 166,052,000 SOFSTOK TREYD AD 24,893,000 AMAREAL OOD 24,781,000 METAL TECHNOLOGY GROUP - ANGEL BALEVSKI HOLDING AD 14,525,000 TOP 10 COMPANIES WITH HIGHEST ANNUAL GROWTH IN PRAYORITI INVESTMANTS OOD 14,400,000 OPERATING REVENUE IN ACTIVITIES OF HEAD OFFICES; HOLDING BDZ EAD 13,743,000 MANAGEMENT CONSULTANCY ACTIVITIES AVALON PROPERTY OOD 12,762,000 RANK COMPANY Y/Y GROWTH SIRMA GROUP HOLDING AD 9,730,000 1 BOVA ESTEYT OOD 165500.00% EVROINS INSHURANS GRUP AD 9,003,000 2 UIS EOOD 77666.67% EUROMARKET GROUP AD 7,807,000 3 VAMOS AD 45100.00% 4 T.B.F. EOOD 41200.00% 5 SANSIY DZZD 37100.00% The 10 largest companies in terms of total revenue in sector 6 BUSINESS SOLUTIONS INTERNATIONAL EOOD 28800.00% Activities of head offices earned total revenue of BGN 7 BALKAN AEROSPACE ENGINEERING EOOD 24480.23% 158,619,000 and accounted for 7.51% of the industry's total 8 DZHIDZHO 1 EOOD 24062.50% revenue. 9 ESMARK AD 21500.00% 10 NG BUSINESS CONSULTING OOD 19600.00% IV. EXPENSES TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY The combined costs of the companies in the Activities of BUSINESS AND OTHER MANAGEMENT CONSULTANCY ACTIVITIES head offices; management consultancy activities industry WERE: COMPANY BGN reached BGN 1,426,573,000 in 2018.