The slow recovery in the European Union, Southeast Europe’s (SEE) main trading partner, the sluggish prospects facing nearly all economies in the region and shrunken domestic demand all left their mark on corporate bottomlines in 2013. At the same time, long overdue structural reforms, fiscal and regulatory volatility and poor infrastructure continued to be a drag on local businesses. Against this backdrop, the performance of the companies in the SEE TOP 100 ranking was expectedly lackluster – their combined revenues in 2013 were flattish, with nearly half of the entrants seeing a decline in their revenues.
Total revenue and net profit/loss figures are in millions of euro.
(*) denotes gross profit/loss for 2013 and 2012
(**) figures for the period May – Dec 2013 after the company’s establishment
(***) denotes total revenue for 2013 and 2012 as per K100