Annual ranking of the biggest companies in Southeast Europe
SEE TOP 100 ranks the biggest companies in Southeast Europe by total revenue for the fiscal year ended December 31, 2019. Both 2019 figures and 2018 comparative counterparts are sourced from 2019 annual non-consolidated reports.
All data is sourced from national commercial registers, stock exchanges, government and corporate websites, industry regulators, local business information providers and companies themselves.
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
1 | 1 | Automobile-Dacia SA | Romania | Automobiles | 5214 | 5348 | -0.11% | 138.7 | 161.3 | 10 |
2 | 3 | OMV Petrom SA | Romania | Petroleum/Natural Gas | 4650 | 4195 | 13.60% | 745.6 | 831.8 | 1 |
3 | 4 | OMV Petrom Marketing SRL | Romania | Petroleum/Natural Gas | 4022 | 3864 | 6.67% | 92.7 | 89.8 | 16 |
4 | 2 | Petrol d.d. | Slovenia | Petroleum/Natural Gas | 3648 | 3642 | 0.18% | 60.2 | 100.6 | 26 |
5 | 6 | Lukoil Neftochim Burgas AD | Bulgaria | Petroleum/Natural Gas | 3266 | 3008 | 8.59% | -41.1 | -130.0 | 95 |
6 | 5 | Rompetrol Rafinare SA | Romania | Petroleum/Natural Gas | 3118 | 3067 | 4.16% | -73.8 | -49.4 | 98 |
7 | 7 | INA d.d. | Croatia | Petroleum/Natural Gas | 2904 | 2956 | -1.42% | 88.1 | 179.8 | 17 |
8 | 11 | Rompetrol Downstream SRL | Romania | Petroleum/Natural Gas | 2513 | 2362 | 9.02% | 19.7 | 16.3 | 57 |
9 | 12 | Kaufland Romania SCS | Romania | Wholesale/Retail | 2499 | 2349 | 9.01% | 177.4 | 169.1 | 6 |
10 | 10 | JP Elektroprivreda Srbije | Serbia | Electricity | 2471 | 2350 | 4.59% | 31.2 | 15.0 | 43 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
11 | 8 | Aurubis Bulgaria AD | Bulgaria | Metals | 2467 | 2605 | -5.32% | 135.9 | 119.1 | 11 |
12 | 9 | GEN-I d.o.o. | Slovenia | Electricity | 2280 | 2396 | -4.82% | 15.5 | 13.0 | 65 |
13 | 15 | British American Tobacco (Romania) Trading SRL | Romania | Food/Drinks/Tobacco | 2277 | 2078 | 12.31% | 22.6 | 33.3 | 55 |
14 | 13 | Ford Romania SA | Romania | Automobiles | 2200 | 2286 | -1.36% | 33.3 | 37.8 | 42 |
15 | 14 | Naftna Industrija Srbije AD | Serbia | Petroleum/Natural Gas | 2131 | 2250 | -5.76% | 151.0 | 221.2 | 8 |
16 | 19 | Lidl Discount SRL | Romania | Wholesale/Retail | 2065 | 1698 | 24.57% | 102.8 | 88.4 | 14 |
17 | 17 | Johnson Matthey DOOEL | North Macedonia | Chemicals | 1903 | 1752 | 8.58% | 77.0 | 97.8 | 20 |
18 | 16 | Revoz d.d. | Slovenia | Automobiles | 1803 | 1777 | 1.46% | 24.2 | 33.6 | 52 |
19 | 25 | Holding Slovenske Elektrarne d.o.o. | Slovenia | Electricity | 1762 | 1519 | 15.99% | 60.1 | 9.5 | 27 |
20 | 24 | Dedeman SRL | Romania | Wholesale/Retail | 1754 | 1582 | 13.65% | 268.3 | 217.2 | 3 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
21 | 23 | Carrefour Romania SA | Romania | Wholesale/Retail | 1744 | 1596 | 11.97% | 41.2 | 56.1 | 34 |
22 | 18 | Lukoil-Bulgaria EOOD | Bulgaria | Petroleum/Natural Gas | 1698 | 1704 | -0.32% | 34.9 | 0.5 | 39 |
23 | 21 | Lukoil Romania SRL | Romania | Petroleum/Natural Gas | 1593 | 1615 | 1.08% | 25.0 | 14.0 | 49 |
24 | 30 | Profi Rom Food SRL | Romania | Wholesale/Retail | 1575 | 1316 | 22.65% | -7.5 | -19.4 | 90 |
25 | 28 | Engie Romania SA | Romania | Petroleum/Natural Gas | 1515 | 1357 | 14.40% | 70.2 | 97.8 | 24 |
26 | 22 | Star Assembly SRL | Romania | Automobiles | 1511 | 1614 | -4.08% | 48.6 | 56.7 | 31 |
27 | 26 | MOL Romania Petroleum Products SRL | Romania | Petroleum/Natural Gas | 1486 | 1446 | 5.28% | 58.0 | 54.6 | 28 |
28 | 20 | Natsionalna Elektricheska Kompania EAD | Bulgaria | Electricity | 1441 | 1650 | -12.70% | -0.6 | -37.7 | 86 |
29 | 34 | Krka d.d. | Slovenia | Pharmaceuticals | 1428 | 1253 | 14.01% | 249.4 | 163.3 | 4 |
30 | 31 | Hrvatska Elektroprivreda d.d. | Croatia | Electricity | 1413 | 1269 | 11.75% | 148.8 | 47.7 | 9 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
31 | 35 | Mega Image SRL | Romania | Wholesale/Retail | 1396 | 1234 | 15.95% | 57.0 | 54.5 | 29 |
32 | 27 | Petrotel – Lukoil SA | Romania | Petroleum/Natural Gas | 1257 | 1409 | -8.60% | -14.2 | 1.1 | 92 |
33 | 36 | Liberty Galati SA | Romania | Metals | 1254 | 1219 | 5.42% | 6.0 | 40.7 | 75 |
34 | 37 | Poslovni Sistem Mercator d.d. | Slovenia | Wholesale/Retail | 1246 | 1182 | 5.42% | -13.8 | -10.9 | 91 |
35 | 32 | Orange Romania SA | Romania | Telecommunications | 1245 | 1256 | 1.63% | 80.5 | 41.2 | 19 |
36 | 39 | Metro Cash & Carry Romania SRL | Romania | Wholesale/Retail | 1231 | 1147 | 9.98% | 19.5 | 19.0 | 58 |
37 | 42 | Lek d.d. | Slovenia | Pharmaceuticals | 1205 | 1090 | 10.57% | 115.8 | 116.7 | 13 |
38 | 38 | Auchan Romania SA | Romania | Wholesale/Retail | 1157 | 1160 | 2.18% | 5.9 | 7.5 | 76 |
39 | 40 | Romgaz SA | Romania | Petroleum/Natural Gas | 1108 | 1120 | 1.44% | 218.9 | 291.7 | 5 |
40 | 43 | Samsung Electronics Romania SRL | Romania | Electronics | 1069 | 991 | 10.54% | 25.9 | 19.2 | 48 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
41 | 47 | Electrica Furnizare SA | Romania | Electricity | 1034 | 905 | 17.08% | 24.1 | 30.2 | 53 |
42 | New | Konzum Plus d.o.o. | Croatia | Wholesale/Retail | 1029 | 0 | n/a | -15.4 | 0.0 | 93 |
43 | 45 | Dante International SA | Romania | Wholesale/Retail | 1011 | 914 | 13.38% | 10.4 | -9.6 | 71 |
44 | 93 | Astra Bioplant EOOD | Bulgaria | Petroleum/Natural Gas | 985 | 611 | 61.12% | 7.2 | 6.6 | 73 |
45 | 41 | Prvo Plinarsko Drustvo d.o.o. | Croatia | Petroleum/Natural Gas | 953 | 1101 | -13.17% | 26.7 | 15.1 | 46 |
46 | 52 | Renault Commercial Roumanie SRL | Romania | Automobiles | 941 | 880 | 9.56% | 15.8 | 16.1 | 63 |
47 | 51 | RCS & RDS SA | Romania | Telecommunications | 931 | 881 | 8.38% | 72.1 | 32.8 | 23 |
48 | 75 | CFR SA | Romania | Transportation | 930 | 716 | 33.09% | -5.3 | 2.2 | 89 |
49 | 53 | Saksa OOD | Bulgaria | Petroleum/Natural Gas | 912 | 869 | 4.95% | 11.7 | 8.1 | 69 |
50 | 50 | Delhaize Serbia DOO | Serbia | Wholesale/Retail | 910 | 882 | 2.74% | 44.1 | 22.6 | 33 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
51 | 55 | E.ON Energie Romania SA | Romania | Petroleum/Natural Gas | 899 | 853 | 8.09% | 6.1 | 14.2 | 74 |
52 | 44 | Hidroelectrica SA | Romania | Electricity | 899 | 940 | -1.94% | 290.1 | 415.8 | 2 |
53 | 66 | Fildas Trading SRL | Romania | Wholesale/Retail | 898 | 783 | 17.59% | 28.1 | 23.4 | 45 |
54 | 58 | Gorenje d.o.o. | Slovenia | Electronics | 894 | 839 | 6.54% | -59.5 | -126.8 | 97 |
55 | 57 | Vodafone Romania SA | Romania | Telecommunications | 890 | 848 | 7.59% | 33.7 | 38.1 | 40 |
56 | 79 | Tigar Tyres DOO | Serbia | Rubber Products | 890 | 695 | 27.40% | 77.0 | 41.0 | 21 |
57 | 68 | Altex Romania SRL | Romania | Wholesale/Retail | 871 | 773 | 15.53% | 15.8 | 13.6 | 64 |
58 | 56 | Cofco International Romania SRL | Romania | Agriculture | 868 | 851 | 4.57% | 2.7 | 0.9 | 82 |
59 | 48 | Autoliv Romania SRL | Romania | Automobiles | 850 | 895 | -2.70% | 0.9 | 34.4 | 83 |
60 | 54 | Mediplus Exim SRL | Romania | Wholesale/Retail | 849 | 854 | 1.81% | 3.5 | 13.0 | 80 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
61 | 60 | Kaufland Bulgaria EOOD & Co KD | Bulgaria | Wholesale/Retail | 846 | 803 | 5.29% | 39.1 | 36.2 | 37 |
62 | 69 | JP Srbijagas | Serbia | Petroleum/Natural Gas | 834 | 747 | 11.09% | 40.7 | 49.3 | 36 |
63 | 70 | REWE (Romania) SRL | Romania | Wholesale/Retail | 833 | 744 | 14.69% | 11.5 | 7.7 | 70 |
64 | 49 | Selgros Cash & Carry SRL | Romania | Wholesale/Retail | 830 | 893 | -4.82% | 17.2 | 15.7 | 61 |
65 | 59 | Hrvatski Telekom d.d. | Croatia | Telecommunications | 816 | 835 | -2.02% | 96.3 | 133.6 | 15 |
66 | 63 | Ameropa Grains SA | Romania | Agriculture | 811 | 791 | 5.05% | 13.1 | 7.1 | 68 |
67 | 65 | Telekom Srbija AD | Serbia | Telecommunications | 810 | 784 | 2.74% | 29.7 | 86.3 | 44 |
68 | 61 | OMV Slovenija d.o.o. | Slovenia | Petroleum/Natural Gas | 803 | 803 | 0.07% | 24.9 | 24.0 | 50 |
69 | 78 | Lidl Hrvatska d.o.o. k.d. | Croatia | Wholesale/Retail | 800 | 708 | 13.29% | 49.8 | 45.4 | 30 |
70 | 88 | Robert Bosch SRL | Romania | Car Parts | 798 | 661 | 23.76% | 24.7 | 26.5 | 51 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
71 | 77 | Alliance Healthcare Romania SRL | Romania | Wholesale/Retail | 795 | 703 | 15.84% | 16.1 | 18.1 | 62 |
72 | 62 | IMPOL d.o.o. | Slovenia | Metals | 784 | 801 | -2.07% | 13.2 | 18.8 | 67 |
73 | 81 | Porsche Romania SRL | Romania | Automobiles | 775 | 688 | 15.50% | 36.0 | 33.0 | 38 |
74 | 74 | Crodux Derivati Dva d.o.o. | Croatia | Petroleum/Natural Gas | 763 | 722 | 6.13% | 19.2 | 15.5 | 59 |
75 | 86 | Michelin Romania SA | Romania | Rubber/Rubber Products | 734 | 664 | 13.29% | 23.5 | 21.2 | 54 |
76 | 73 | EPS Distribucija DOO | Serbia | Electricity | 732 | 723 | 0.64% | -49.1 | -20.8 | 96 |
77 | 64 | ADM Romania Trading SRL | Romania | Agriculture | 724 | 789 | -5.85% | -4.4 | -4.5 | 88 |
78 | 85 | Bulgargaz EAD | Bulgaria | Petroleum/Natural Gas | 718 | 667 | 7.74% | 17.6 | -16.4 | 60 |
79 | 83 | Interenergo d.o.o. | Slovenia | Electricity Generation | 702 | 672 | 4.52% | 5.2 | -4.2 | 77 |
80 | 80 | Hella Romania SRL | Romania | Automobiles | 698 | 692 | 3.38% | 33.5 | 41.0 | 41 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
81 | 89 | Complexul Energetic Oltenia SA | Romania | Electricity | 690 | 641 | 10.33% | -180.6 | -243.0 | 100 |
82 | 97 | AETs Kozloduy EAD | Bulgaria | Electricity | 683 | 574 | 18.95% | 166.1 | 83.6 | 7 |
83 | 71 | Mercator-S DOO | Serbia | Wholesale/Retail | 680 | 697 | -2.87% | -18.4 | -14.1 | 94 |
84 | 84 | Nelt Co DOO | Serbia | Transportation | 677 | 671 | 0.33% | 5.1 | 4.6 | 78 |
85 | New | Telekom Romania Communications SA | Romania | Telecommunications | 672 | 655 | 5.11% | -166.3 | -26.4 | 99 |
86 | 94 | Holdina d.o.o. Sarajevo | Bosnia and Herzegovina | Petroleum/Natural Gas | 672 | 603 | 11.44% | 4.3 | 1.2 | 79 |
87 | New | Infrastructure Development and Construction DOO | Serbia | Construction | 668 | 0 | 2610904766.67% | 26.3 | -0.1 | 47 |
88 | 91 | Express Logistic and Distribution EOOD | Bulgaria | Wholesale/Retail | 663 | 627 | 5.84% | 3.3 | 1.4 | 81 |
89 | 92 | Cargill Agricultura SRL | Romania | Agriculture | 649 | 620 | 7.22% | -0.2 | -3.8 | 85 |
90 | New | Pliva Hrvatska d.o.o. | Croatia | Pharmaceuticals | 639 | 548 | 16.93% | 132.3 | 15.3 | 12 |
Rank 2019 | Rank 2018 | Company name | Country | Industry | Total revenue 2019 | Total revenue 2018 | Y/Y change in revenue | Net profit/loss 2019 | Net profit/loss 2018 | Rank by net profit/loss |
91 | New | Bingo d.o.o. Tuzla | Bosnia and Herzegovina | Wholesale/Retail | 636 | 569 | 11.83% | 47.8 | 39.1 | 32 |
92 | 87 | Continental Automotive Products SRL | Romania | Rubber/Rubber Products | 622 | 663 | -3.86% | 67.2 | 124.7 | 25 |
93 | New | Oscar Downstream SRL | Romania | Petroleum/Natural Gas | 613 | 566 | 10.81% | 9.6 | 12.6 | 72 |
94 | 82 | Telekom Slovenije d.d. | Slovenia | Telecommunications | 612 | 681 | -10.20% | 0.6 | 34.0 | 84 |
95 | 98 | Pirelli Tyres Romania SRL | Romania | Rubber/Rubber Products | 607 | 571 | 8.86% | 14.2 | 19.5 | 66 |
96 | New | Societatea Nationala de Transport Gaze Naturale Transgaz SA | Romania | Petroleum/Natural Gas | 600 | 492 | 24.91% | 72.9 | 106.3 | 22 |
97 | New | Spar Hrvatska d.o.o. | Croatia | Wholesale/Retail | 600 | 565 | 6.43% | -3.5 | -5.5 | 87 |
98 | New | BA Glass Bulgaria AD | Bulgaria | Glass Products | 597 | 126 | 372.60% | 40.9 | 19.1 | 35 |
99 | New | Lidl Bulgaria EOOD and KO KD | Bulgaria | Wholesale/Retail | 596 | 482 | 23.67% | 21.1 | 14.6 | 56 |
100 | New | Coca-Cola HBC Romania SRL | Romania | Food/Drinks/Tobacco | 593 | 558 | 8.79% | 82.1 | 71.4 | 18 |