Industry Report Activities of Head Offices; Management Consultancy Activities 2017 BULGARIA
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Industry Report Activities of head offices; management consultancy activities 2017 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 2016 there were a total of 7,019 companies operating in the industry. In 2015 their number totalled 6,590. 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 6,898 SECTORS companies at the end of 2017, compared to 7,019 in the SECTOR 2017 2016 2015 previous year and 6,590 in 2015. BUSINESS AND OTHER MANAGEMENT 6,339 6,461 6,118 CONSULTANCY ACTIVITIES The industry's net profit amounted to BGN 719,892,000 in PUBLIC RELATIONS AND COMMUNICATION 393 365 305 2017. ACTIVITIES ACTIVITIES OF HEAD OFFICES 166 193 167 The industry's total revenue was BGN 2,014,375,000 in 2017, up by 16.90% 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 1,252,047,000 in 2017, down by 8.55% year- The total revenue in the industry was BGN 2,014,375,000 in on-year. 2017, BGN 1,723,219,000 in 2016 and 1,553,647,000 in 2015. The industry's total revenue makes up 2.10% to the country's Gross domestic product (GDP) in 2017, compared Total revenue to 1.86% for 2016 and 1.74% in 2015. Net sales revenue 2,200,000,000 A total of 8,848 people were employed in the Activities of 2,014,375,000 head offices; management consultancy activities industry in 2,000,000,000 2017, compared to 8,652 in 2016 and 8,388 in 2015. 1,723,219,000 1,800,000,000 Most of the companies in the industry are based in Sofia, 1,553,647,000 1,600,000,000 followed by Plovdiv and Varna. 1,400,000,000 II. INTRODUCTION 1,200,000,000 BGN 1,000,000,000 1,006,933,000 1,048,086,000 In 2017 the companies in the Activities of head offices; 800,000,000 938,199,000 management consultancy activities industry numbered 6,898, distributed in 3 sectors. 600,000,000 400,000,000 200,000,000 INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES 0 2015 2016 2017 The companies in the Activities of head offices; management consultancy activities market of Bulgaria earned combined net sales revenues of BGN 1,048,086,000 in 2017. 393 In annual terms, sales marked an increase of 11.71% compared to 2016. In comparison to 2015 they increased by 4.09%. In 166 2016 sales increased by 6.83% year-on-year. The Activities of head offices; management consultancy activities industry total revenue make up 2.1% to the country's 6,339 GDP in 2017, compared to 1.86% for 2016 and 1.74% in 2015. 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% INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS 2 1.86% 1.81.74% 1.6 1.4 4.02% 1.2 1 4.93% 0.8 0.6 91.04% 0.4 0.2 0 2015 2016 2017 In 2017 the Activities of head offices; management Business and other management consultancy activities consultancy activities industry contributed to GDP BGN Activities of head offices 1,786,707,000 in Gross value added (GVA) accounting for 1.05% 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 16.28%, was recorded by Business and 1,544,582,000, accounting for 1.01% of the total for the other management consultancy activities, while Activities of country in 2016. In 2015 the GVA of the Activities of head head offices registered the sharpest decline, of 34.15%. offices; management consultancy activities was BGN 1,365,715,000, or 0.88% 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 ADVANCE PROPERTIES OOD 132,185,000 4,186,000 RANK SECTOR BGN SHARE OF THE COUNTRY'S NSN INVESTMANT EOOD 123,752,000 141,000 GVA (%) ENRGO-PRO VARNA EAD 85,354,000 29,443,000 1 BUSINESS AND OTHER MANAGEMENT 1,457,317,000 0.86 PUBLIC RELATIONS AND COMMUNICATION ACTIVITIES CONSULTANCY ACTIVITIES COMMUNICA EOOD 3,670,000 3,178,000 2 ACTIVITIES OF HEAD OFFICES 286,228,000 0.17 HORA EOOD 3,605,000 3,605,000 3 PUBLIC RELATIONS AND 43,162,000 0.03 COMMUNICATION ACTIVITIES NS INDUSTRIES EOOD 2,826,000 248,000 ACTIVITIES OF HEAD OFFICES TAYLS KO OOD 107,879,000 0 We expect, based on the trend in the last three years, the total DZHI STAR OOD 51,530,000 11,000 revenue of the Activities of head offices; management AMAREAL OOD 15,980,000 0 consultancy activities industry to change at a compound annual growth rate (CAGR) of 13.87% in 2018. 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 954,215,000 or 91.04% for 31.40% of the industry's total in 2017, 31.20% in 2016 and of the total net sales in the industry, sector Activities of head 27.37% in 2015. offices - BGN 51,722,000 (4.93%), and sector Public relations and communication activities - BGN 42,149,000 (4.02%). TOP 10 COMPANIES BY TOTAL AND NET SALES REVENUE IN THE INDUSTRY RANK COMPANY TOTAL REVENUE NET SALE (BGN) REVENUE (BGN) 1 ADVANCE PROPERTIES OOD 132,185,000 4,186,000 2 NSN INVESTMANT EOOD 123,752,000 141,000 3 TAYLS KO OOD 107,879,000 0 4 ENRGO-PRO VARNA EAD 85,354,000 29,443,000 5 DZHI STAR OOD 51,530,000 11,000 6 CEZ BULGARIA EAD 47,144,000 46,552,000 7 BLEKSIRAMA SIGNICHAR AD 24,374,000 0 8 TEREN OPERATIONS BULGARIA EOOD 23,268,000 22,879,000 3 SeeNews Industry Report 9 VM FINANCE GROUP AD 21,005,000 4,368,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY PUBLIC 10 AMAREAL OOD 15,980,000 0 RELATIONS AND COMMUNICATION ACTIVITIES WERE: COMPANY BGN COMMUNICA EOOD 3,670,000 The total revenues of the top 10 companies in the Activities of HORA EOOD 3,605,000 head offices; management consultancy activities were 0.66% NS INDUSTRIES EOOD 2,826,000 of GDP in 2017, compared to 0.58% for 2016 and 0.48% in UNITED PARTNERS EOOD 2,675,000 2015. BALKANS METAL SERVICE EOOD 2,271,000 FAYF DABULYU KOMYUNIKEYSHANS OOD 1,669,000 The top 10 by assets in the Activities of head offices; DMI DEVELOPMENT EOOD 1,186,000 management consultancy activities industry made up BGN EVROSERVIZ KONSULTING BG OOD 1,060,000 45,115,000, or 4.30% of the total net sales revenue. KEG KEY EXPERTS GROUP EOOD 965,000 ACTION GLOBAL COMMUNICATIONS BULGARIA OOD 875,000 TOP 10 BY TOTAL ASSETS IN THE INDUSTRY RANK COMPANY BGN 1 ADVANCE PROPERTIES OOD 479,256,000 The 10 largest companies in terms of total revenue in sector 2 ENRGO-PRO VARNA EAD 456,343,000 Public relations and communication activities earned total 3 CKB GROUP EAD 303,540,000 revenue of BGN 20,802,000 and accounted for 1.03% of the 4 HOLDING BDZ EAD 292,485,000 industry's total revenue. 5 EVN BULGARIA EAD 263,748,000 6 TAYLS KO OOD 219,077,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY 7 DZHI STAR OOD 206,246,000 ACTIVITIES OF HEAD OFFICES WERE: 8 SPEEDY GROUP AD 176,116,000 COMPANY BGN 9 AGROHOLD AD 166,752,000 TAYLS KO OOD 107,879,000 10 NSN INVESTMANT EOOD 138,876,000 DZHI STAR OOD 51,530,000 AMAREAL OOD 15,980,000 HOLDING BDZ EAD 15,748,000 TOP 10 COMPANIES WITH HIGHEST ANNUAL GROWTH IN METAL TECHNOLOGY GROUP - ANGEL BALEVSKI HOLDING AD 14,445,000 OPERATING REVENUE IN ACTIVITIES OF HEAD OFFICES; GLAVBOLGARSTROY HOLDING AD 14,266,000 MANAGEMENT CONSULTANCY ACTIVITIES R S COMPANY OOD 12,243,000 RANK COMPANY Y/Y GROWTH T.B.F. EOOD 11,861,000 1 C3 PLASTICS EOOD 70100.00% PRAYORITI INVESTMANTS OOD 10,584,000 2 ELEKTROIMPEKS AD 65400.00% SIRMA GROUP HOLDING AD 9,107,000 3 FS INVEST GROUP EOOD 36800.00 % 4 SPEEDY GROUP AD 33630.77% The 10 largest companies in terms of total revenue in sector 5 ARIES IN EOOD 24900.00 Activities of head offices earned total revenue of BGN % 263,643,000 and accounted for 13.09% of the industry's total 6 SAINT NICHOLAS OOD 14400.00% revenue. 7 USTREM HOLDING AD 14057.14% 8 3P CONSULTING EOOD 11000.00% 9 OBEDINENI BULGARSKI IMOTI KOOP 9900.00% 10 BE GE REAL KONSULT EOOD 9800.00% IV. EXPENSES The combined costs of the companies in the Activities of TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD BUSINESS head offices; management consultancy activities industry AND OTHER MANAGEMENT CONSULTANCY ACTIVITIES WERE: reached BGN 1,252,047,000 in 2017.