SEE companies’ revenue per capita rises, Slovenian companies dominate ranking

by Radomir Ralev

Slovenian companies continued to dominate the SEE TOP 100 per capita ranking in 2018. Slovenia, an EU–member state of some two million, and the only eurozone member state in SEE, had seven entrants in the top 10 of the ranking, as many as in the previous year. Companies based in Slovenia took four of the top five spots, including the no. 1 seat.

The average revenue per capita of the top 20 companies in the ranking grew to 623.3 euro in 2018 from 585.7 euro.

Slovenian energy company Petrol led the ranking for the twelfth consecutive year with per capita revenue of 2,111 euro, up 15% year-on-year, followed by electricity and gas trader GEN-I, which saw a 2.6% drop to 1,158 euro. Slovenian car maker Revoz, a unit of France’s Renault, ranked third with 859.2 euro revenue per capita, a significant increase from 771.6 euro the previous year when it ranked fourth. The top 10 list features a single entrant from Croatia, North Macedonia and Montenegro each.

North Macedonia’s entry, the local subsidiary of UK chemicals specialist Johnson Matthey, gained one position to the fourth place, as its per capita revenue increased 18% to 843.7 euro from 715.1 euro. OMV Slovenija, the Slovenian unit of Austria’s OMV, leapt by six spots to take the 14th position as its revenue per capita grew 28.9% to 388.1 euro.

Montenegro, a country of about 600,000 people, had the second-biggest number of entrants in the per capita ranking – three, as many as a year earlier. Power utility Elektroprivreda Crne Gore (EPCG) ranked tenth with 522.9 euro in revenue per capita in 2018, versus 443.4 euro in the previous year. EPCG gained one spot in the ranking. China Road & Bridge Corporation (CRBC) D.O.O. was Montenegro’s second best performer, ranking 11th with 471.9 euro, edging up from 463.4 euro in 2017. The company lost two positions from the ninth spot in last year’s ranking. Wholesaler and retailer Voli Trade gained one position to the 16th spot.

With two companies on the list, Bulgaria occupied the third place. At number 12, Lukoil Neftochim was the best Bulgarian performer in the ranking, with 429 euro revenue per capita, up from 419.4 euro. The company was sixth in terms of total revenue in the SEE TOP 100 companies ranking. Aurubis Bulgaria ranked 17th, with revenue per capita of 367.4 euro, down from 373.6 euro.

Croatia and Serbia had one participant in the top 20 ranking each. Oil and gas company INA was the Croatian representative in the top 20 ranking with 721.6 euro in revenue per capita in 2018, up from 589.8 euro from the previous year. Power utility Elektroprivreda Srbije (EPS), the Serbian representative in the ranking, occupied the 18th place, the same as in 2017, although its revenue per capita went up slightly to 339.8 euro from 329.5 euro.

In a breakdown by sectors, energy companies dominate the SEE TOP 100 per capita ranking in 2018, mirroring the situation in the SEE TOP 100 companies ranking.
Notably, Romania, the region’s biggest economy and most populated country with 20 million people, had no entries in the top 20 per capita ranking.