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.
The market capitalisation of the entrants in the 2013 edition of the SEE TOP 100 listed companies ranking totaled 44.7 billion euro, compared to 39 billion euro for the firms that made the 2012 list. Most entrants in the ranking – 65, saw their market capitalisation rise, with 30 posting a decline.