Seenews TOP 100 2017

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Seenews TOP 100 2017 SEE LANDSCAPE 81 SEE LANDSCAPE 82 Companies 04-15 Banks 16-21 Insurers 22-31 Revenue per Capita 32 Most Dynamic 33 Listed Companies 34-36 Industries 37-59 Innovations 60-67 Colours 68-70 Landscape 71-80 Editor-in-chief: Nevena Krasteva Plamena Todorova Contact us: 64 Kiril i Metodii Str, 1202 Sofia, Bulgaria Editors: Siana Mishkova, Design & prepress: Madlen tel: +359 2 8012 645 Valentina Gerasimova, Nacheva, Krustyo Burski email: [email protected] Branimir Kondov Print: Alliance Print top100.seenews.com Analysts: Valentin Stamov, @SeeNewsCompany Tsvetan Ivanov, Deyan Matov, SeeNews, SEE TOP 100 and their logos Nina Gaydarska are registered trademarks of A Data Pro SeeNews Ltd. Authors: Radomir Ralev, All rights reserved. Re-publication or SeeNews Ivaylo Mihaylov, Mario Tanev re-distribution of SeeNews content, in- cluding by framing, is strictly prohibited Disclaimer: SeeNews is not liable for the Marketing & sales: Raya Yanakieva, without the prior written consent of content of the published advertisements. Misho Hristov, Georgi Serdarov, SeeNews. Full liability rests with the advertisers. Letter from the editor Strong growth potential, low production costs, obsolete infrastructure and widespread corruption – these phrases appear repeatedly on the pages of our SEE TOP 100 publication over the past ten years to describe a region that businesses find exciting and yet often frustrating. When SeeNews first published its ranking of the top companies in Southeast Europe in 2008 the region was enjoying robust growth and foreign investors were rushing to grab a slice of its lucrative markets. “Very diverse and very dynamic with a strong upward trend...Big room for growth and consolidation...luring foreign investors with high yields, a skilled labour force, flexible labour policy and low production costs...a new frontier for investment within Europe,” we said back then. “While there are still stumbling blocks in these markets in terms of infrastructure and governance issues, legislative framework and the level of political stability, Southeast Europe deserves serious attention as a region with considerable potential,” we concluded at the time. Ten years later and following a painful economic downturn which wiped out profits and much of the euphoria, economic growth in Southeast Europe is once again picking up, businesses are reaping the benefits of rising consumption, and foreign investors are returning - despite the same old problems. All these years, in our analyses, rankings, interviews and feature stories, we have been trying to answer the question what is it that makes a company in our region successful. The answers varied through the years – large-scale investments in production, fiscal prudence, energy efficiency and sustainability have been coming into sharper focus at different points in time. Looking at the top performers today, we can point to three essential features of the profile of a successful SEE-based company: access to big foreign markets - often the result of foreign ownership, integration of the full range of business-specific activities, and willingness to embrace innovations. Southeast Europe's top company in terms of total revenue this year, car maker Automobile Dacia, has them all. We pick up this thread from our flagship ranking of the biggest non-financial companies in the region and take it through the list of the leading banks and insurers, interviews with the chart toppers and analyses of the most profitable industries, weaving different success stories into the picture of facts and figures. For those of you who want the brief tour, Vazil Hudak, vice-president of the European Investment Bank, the biggest international lender to the region, sums it up: “The countries in the region are small, so they need to broaden their market, and that means they need to be able to work across borders […] To be competitive you need to invest in R&D and technology.” Nevena Krasteva Editor-in-chief 4 in millions of euro Net Net Rank Total Total Y/Y profit/ profit/ by net 2016 2015 Company name Country Industry revenue revenue change in loss loss profit/ 2016 2015 revenue 2016 2015 loss 1 1 Automobile-Dacia SA Romania Automobiles 4 619 4 290 8.07% 100.5 99.0 16 2 4 Petrol d.d. Slovenia Petroleum/Natural Gas 3 214 3 114 3.20% 43.7 30.1 32 3 3 OMV Petrom Marketing SRL Romania Petroleum/Natural Gas 3 211 3 322 -2.97% 84.9 73.2 18 4 2 OMV Petrom SA Romania Petroleum/Natural Gas 3 100 3 554 -12.46% 199.9 -139.4 3 5 5 Lukoil Neftochim Burgas AD Bulgaria Petroleum/Natural Gas 2 300 2 614 -12.01% 60.9 -62.4 26 6 9 Kaufland Romania SCS Romania Wholesale/Retail 2 143 2 038 5.53% 143.9 143.4 8 TOP 100 COMPANIES 100 TOP 7 19 JP Elektroprivreda Srbije (JP EPS) Serbia Electricity 2 089 1 381 53.57% 71.2 98.6 23 8 6 INA d.d. Croatia Petroleum/Natural Gas 1 998 2 328 -15.05% 21.2 -157.4 53 9 8 Rompetrol Rafinare SA Romania Petroleum/Natural Gas 1 985 2 167 -8.06% 15.4 18.6 63 10 11 Rompetrol Downstream SRL Romania Petroleum/Natural Gas 1 820 1 845 -0.95% 13.7 -30.7 66 11 15 British American Tobacco (Romania) Trading SRL Romania Food/Drinks/Tobacco 1 811 1 632 11.37% 148.1 96.3 7 12 7 Aurubis Bulgaria AD Bulgaria Metals 1 682 2 204 -23.67% 100.6 112.0 15 13 12 GEN-I d.o.o. Slovenia Electricity 1 656 1 791 -7.53% 8.6 8.1 73 14 14 Natsionalna Elektricheska Kompania EAD Bulgaria Electricity 1 576 1 659 -5.04% -65.8 -45.6 98 15 13 Naftna Industrija Srbije AD Serbia Petroleum/Natural Gas 1 546 1 763 -10.94% 130.6 132.8 9 16 17 Lukoil-Bulgaria EOOD Bulgaria Petroleum/Natural Gas 1 404 1 536 -8.60% -2.0 -3.2 85 17 24 Johnson Matthey DOOEL Macedonia Chemicals 1 346 1 200 11.95% 121.3 91.3 11 18 18 Poslovni Sistem Mercator d.d. Slovenia Wholesale/Retail 1 342 1 408 -4.67% -77.4 -3.8 99 19 20 Holding Slovenske Elektrarne d.o.o. Slovenia Electricity 1 294 1 325 -2.35% 44.4 -323.1 31 20 25 Carrefour Romania SA Romania Wholesale/Retail 1 277 1 155 10.99% 36.1 28.2 38 21 28 Lidl Discount SRL Romania Wholesale/Retail 1 243 1 061 17.53% 47.9 38.0 29 22 23 Lukoil Romania SRL Romania Petroleum/Natural Gas 1 182 1 206 -1.57% -3.6 7.7 87 23 36 Dedeman SRL Romania Wholesale/Retail 1 172 975.6 20.57% 157.0 124.4 6 24 21 Hrvatska Elektroprivreda d.d. Croatia Electricity 1 172 1 246 -6.94% 175.2 212.7 4 25 26 Krka d.d. Slovenia Pharmaceuticals 1 153 1 147 0.57% 102.9 146.3 14 26 22 FCA Srbija DOO Serbia Automobiles 1 107 1 215 -7.55% 17.2 19.7 60 27 31 Orange Romania SA Romania Telecommunications 1 106 1 034 7.34% 84.5 57.9 19 28 27 E.ON Energie Romania SA Romania Petroleum/Natural Gas 1 103 1 107 0.05% 38.2 24.7 37 29 30 Revoz d.d. Slovenia Automobiles 1 089 1 035 5.14% 15.9 11.6 62 30 34 Auchan Romania SA Romania Wholesale/Retail 1 082 986.6 10.05% -5.3 11.7 89 31 29 Engie Romania SA Romania Petroleum/Natural Gas 1 075 1 054 2.35% 81.4 82.2 20 32 35 MOL Romania Petroleum Products SRL Romania Petroleum/Natural Gas 1 054 983.6 7.51% 33.7 15.9 43 Compania Nationala de Administrare a Infrastructurii Rutiere 33 42 Romania Construction 1 011 897.1 13.07% 59.9 81.5 28 SA - CNAIR 34 38 Petrotel - Lukoil SA Romania Petroleum/Natural Gas 996.3 955.0 4.71% 65.9 3.3 24 35 33 Metro Cash & Carry Romania SRL Romania Wholesale/Retail 967.3 1 000 -2.93% 22.8 7.8 51 36 50 Mega Image SRL Romania Wholesale/Retail 955.7 790.5 21.34% 29.7 22.7 45 37 40 Electrica Furnizare SA Romania Electricity 927.0 929.5 0.09% 38.7 29.0 36 38 43 Lek d.d. Slovenia Pharmaceuticals 901.1 894.7 0.71% 74.8 115.9 21 39 39 Mercator-S DOO Serbia Wholesale/Retail 897.4 945.1 -3.60% -14.6 3.1 93 40 54 Mediplus Exim SRL Romania Wholesale/Retail 884.0 752.4 17.92% 22.6 19.5 52 41 32 Romgaz SA Romania Petroleum/Natural Gas 880.3 1 001 -11.76% 225.6 264.0 2 42 41 HEP-Operator Distribucijskog Sustava d.o.o. Croatia Electricity 875.8 919.2 -5.69% 88.3 95.0 17 43 44 Ford Romania SA Romania Automobiles 867.2 881.0 -1.20% 6.4 -18.0 77 44 69 Profi Rom Food SRL Romania Wholesale/Retail 861.2 654.3 32.11% 27.9 11.6 46 45 53 Kaufland Bulgaria EOOD & Co KD Bulgaria Wholesale/Retail 851.3 762.6 11.63% 45.0 41.8 30 46 56 RCS & RDS SA Romania Telecommunications 841.1 739.6 14.15% -13.1 -5.1 92 47 55 Selgros Cash & Carry SRL Romania Wholesale/Retail 829.1 746.5 11.46% 5.6 9.6 78 48 49 Vodafone Romania SA Romania Telecommunications 821.9 812.9 1.48% 41.7 39.9 34 49 51 Hrvatski Telekom d.d.
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