Top 100 Companies

Growing domestic demand amid historically low inflation and a pick-up in private investment and employment continued to drive economic growth in Southeast Europe (SEE) in 2016.
Economic tailwinds benefited most retailers and car makers – the two industries most sensitive to changes in disposable income and consumer sentiment. At the same time oil and gas majors, which traditionally dominate the ranking of the biggest companies in the region, continued to suffer losses, impacting the aggregate revenue of the SEE TOP 100 entrants. The combined net profit of the 100 biggest companies, however, rose by a hefty 39% as compared to the profit of the prior-year entrants, largely as a result of improved operational efficiency, integration of various business-specific activities and economies of scale.

Economic growth in SEE quickened to 3% in 2016 from 2.5% a year earlier on the back of rising private consumption. Corporate investment grew, underpinned by ample liquidity and favourable financing conditions. Falling unemployment also contributed to improved economic sentiment.

Total revenue and net profit/loss figures are in millions of euro.

 

2016 2015 Company / Country Industry Total revenue 2016 Y/Y change in revenue Net profit/loss 2016 Net profit/loss 2015
41 32

Romgaz SA

Romania
Petroleum/Natural Gas 880.3 -11.76% 225.6 264.0
42 41

HEP-Operator Distribucijskog Sustava d.o.o.

Croatia
Electricity 875.8 -5.69% 88.3 95.0
43 44

Ford Romania SA

Romania
Automobiles 867.2 -1.20% 6.4 -18.0
44 69

Profi Rom Food SRL

Romania
Wholesale/Retail 861.2 32.11% 27.9 11.6
45 53

Kaufland Bulgaria EOOD & Co KD

Bulgaria
Wholesale/Retail 851.3 11.63% 45.0 41.8
46 56

RCS & RDS SA

Romania
Telecommunications 841.1 14.15% -13.1 -5.1
47 55

Selgros Cash & Carry SRL

Romania
Wholesale/Retail 829.1 11.46% 5.6 9.6
48 49

Vodafone Romania SA

Romania
Telecommunications 821.9 1.48% 41.7 39.9
49 51

Hrvatski Telekom d.d.

Croatia
Telecommunications 812.2 2.05% 120.2 117.0
50 37

Complexul Energetic Oltenia SA

Romania
Electricity 810.0 -15.89% -30.8 -212.4