Top 100
Annual ranking of the biggest companies in Southeast Europe
Top 100 Companies
SEE TOP 100 ranks the biggest companies in Southeast Europe by total revenue for the fiscal year ended December 31, 2020. Both 2020 figures and 2019 comparative counterparts are sourced from 2020 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.
Gross written premium and net profit/loss figures are in millions of euro.
| Rank 2020 | Rank 2019 | Company name | Country | Industry | Total revenue 2020 | Total revenue 2019 | Y/Y change in revenue | Net profit/loss 2020 | Net profit/loss 2019 | Rank by net profit/loss |
| 1 | 1 | Automobile-Dacia SA | Romania | Automobiles | 3814.4 | 5213.7 | -25.46% | 61.2 | 138.7 | 22 |
| 2 | 2 | OMV Petrom SA | Romania | Petroleum/Natural Gas | 3808.4 | 4650.1 | -16.56% | 283.7 | 745.6 | 3 |
| 3 | 3 | OMV Petrom Marketing SRL | Romania | Petroleum/Natural Gas | 2996.8 | 4021.9 | -24.08% | 67.4 | 92.7 | 20 |
| 4 | 11 | Aurubis Bulgaria AD | Bulgaria | Metals | 2761.6 | 2475.7 | 11.55% | 135.4 | 135.9 | 11 |
| 5 | 16 | Lidl Discount SRL | Romania | Wholesale/Retail | 2667.5 | 2064.5 | 31.64% | 155.3 | 102.8 | 8 |
| 6 | 9 | Kaufland Romania SCS | Romania | Wholesale/Retail | 2650.7 | 2498.5 | 8.09% | 199.3 | 177.4 | 6 |
| 7 | 14 | Ford Romania SA | Romania | Automobiles | 2575.4 | 2200.4 | 19.25% | 15.9 | 33.3 | 63 |
| 8 | 10 | JP Elektroprivreda Srbije | Serbia | Electricity | 2557.3 | 2470.7 | 3.50% | 109.9 | 31.2 | 13 |
| 9 | 4 | Petrol d.d. | Slovenia | Petroleum/Natural Gas | 2468.8 | 3647.9 | -32.32% | 28.9 | 60.2 | 44 |
| 10 | 13 | British American Tobacco (Romania) Trading SRL | Romania | Food/Drinks/Tobacco | 2363.3 | 2276.9 | 5.75% | 28.4 | 22.6 | 46 |
| 11 | 20 | Dedeman SRL | Romania | Wholesale/Retail | 2182.5 | 1754.2 | 26.76% | 298.7 | 268.3 | 1 |
| 12 | 12 | GEN-I d.o.o. | Slovenia | Electricity | 2145.6 | 2229.7 | -3.77% | 14.7 | 15.5 | 64 |
| 13 | 8 | Rompetrol Downstream SRL | Romania | Petroleum/Natural Gas | 1936.4 | 2512.8 | -21.49% | 20.4 | 19.7 | 57 |
| 14 | 24 | Profi Rom Food SRL | Romania | Wholesale/Retail | 1902.8 | 1575.4 | 23.06% | -25.5 | -7.5 | 88 |
| 15 | 7 | INA d.d. | Croatia | Petroleum/Natural Gas | 1886.8 | 2904.0 | -34.20% | -123.8 | 88.1 | 97 |
| 16 | 21 | Carrefour Romania SA | Romania | Wholesale/Retail | 1877.5 | 1743.6 | 9.71% | 48.4 | 41.2 | 28 |
| 17 | 19 | Holding Slovenske Elektrarne d.o.o. | Slovenia | Electricity | 1870.7 | 1762.1 | 6.16% | -226.9 | 60.1 | 99 |
| 18 | 6 | Rompetrol Rafinare SA | Romania | Petroleum/Natural Gas | 1800.0 | 3118.2 | -41.19% | -132.6 | -73.8 | 98 |
| 19 | 17 | Johnson Matthey DOOEL | North Macedonia | Chemicals | 1742.0 | 1903.1 | -8.16% | 68.4 | 77.0 | 19 |
| 20 | 5 | Lukoil Neftochim Burgas AD | Bulgaria | Petroleum/Natural Gas | 1548.3 | 3265.7 | -52.59% | -260.4 | -41.1 | 100 |
| 21 | 26 | Star Assembly SRL | Romania | Automobiles | 1530.2 | 1511.1 | 3.17% | 49.8 | 48.6 | 26 |
| 22 | 15 | Naftna Industrija Srbije AD | Serbia | Petroleum/Natural Gas | 1496.0 | 2130.7 | -29.80% | -50.4 | 151.0 | 92 |
| 23 | 31 | Mega Image SRL | Romania | Wholesale/Retail | 1488.1 | 1396.5 | 8.57% | 32.8 | 57.0 | 40 |
| 24 | 29 | Krka d.d. | Slovenia | Pharmaceuticals | 1484.0 | 1428.4 | 3.89% | 258.5 | 249.4 | 5 |
| 25 | 18 | Revoz d.d. | Slovenia | Automobiles | 1401.2 | 1802.7 | -22.27% | -1.6 | 24.2 | 82 |
| 26 | 43 | Dante International SA | Romania | Wholesale/Retail | 1395.3 | 1011.3 | 40.57% | 22.0 | 10.4 | 55 |
| 27 | 25 | Engie Romania SA | Romania | Petroleum/Natural Gas | 1394.1 | 1515.0 | -6.25% | 102.4 | 70.2 | 14 |
| 28 | 42 | Konzum Plus d.o.o. | Croatia | Wholesale/Retail | 1331.4 | 1028.9 | 31.05% | -33.6 | -15.4 | 89 |
| 29 | 28 | Natsionalna Elektricheska Kompania EAD | Bulgaria | Electricity | 1311.0 | 1441.1 | -9.03% | 23.7 | -0.6 | 54 |
| 30 | 45 | Prvo Plinarsko Drustvo d.o.o. | Croatia | Petroleum/Natural Gas | 1298.8 | 952.7 | 38.06% | 30.1 | 26.7 | 43 |
| 31 | 34 | Poslovni Sistem Mercator d.d. | Slovenia | Wholesale/Retail | 1273.1 | 1245.6 | 2.21% | -55.4 | -13.8 | 94 |
| 32 | 36 | Metro Cash & Carry Romania SRL | Romania | Wholesale/Retail | 1270.4 | 1230.9 | 5.16% | 15.9 | 19.5 | 62 |
| 33 | 30 | Hrvatska Elektroprivreda d.d. | Croatia | Electricity | 1251.7 | 1413.5 | -10.32% | 185.9 | 148.8 | 7 |
| 34 | 23 | Lukoil Romania SRL | Romania | Petroleum/Natural Gas | 1229.2 | 1593.0 | -21.38% | 30.7 | 25.0 | 41 |
| 35 | 37 | Lek d.d. | Slovenia | Pharmaceuticals | 1222.9 | 1205.5 | 1.44% | 140.3 | 115.8 | 10 |
| 36 | 54 | Gorenje d.o.o. | Slovenia | Electronics | 1219.9 | 893.9 | 36.46% | -11.5 | -59.5 | 86 |
| 37 | 35 | Orange Romania SA | Romania | Telecommunications | 1181.8 | 1245.2 | -3.30% | 94.7 | 80.5 | 15 |
| 38 | 27 | MOL Romania Petroleum Products SRL | Romania | Petroleum/Natural Gas | 1146.5 | 1485.7 | -21.38% | 57.7 | 58.0 | 24 |
| 39 | 38 | Auchan Romania SA | Romania | Wholesale/Retail | 1142.1 | 1156.8 | 0.59% | 20.7 | 5.9 | 56 |
| 40 | 22 | Lukoil-Bulgaria EOOD | Bulgaria | Petroleum/Natural Gas | 1109.7 | 1698.2 | -34.66% | 4.9 | 34.9 | 75 |
| 41 | 33 | Liberty Galati SA | Romania | Metals | 1079.5 | 1254.4 | -12.33% | -10.5 | 6.0 | 85 |
| 42 | 57 | Altex Romania SRL | Romania | Wholesale/Retail | 1073.3 | 871.4 | 25.49% | 25.3 | 15.8 | 51 |
| 43 | 41 | Electrica Furnizare SA | Romania | Electricity | 1056.6 | 1034.1 | 4.11% | 47.9 | 24.1 | 29 |
| 44 | 48 | CFR SA | Romania | Transportation | 1044.1 | 929.5 | 14.44% | -57.8 | -5.3 | 95 |
| 45 | 40 | Samsung Electronics Romania SRL | Romania | Electronics | 1014.6 | 1068.6 | -3.26% | 20.1 | 25.9 | 59 |
| 46 | 55 | Vodafone Romania SA | Romania | Telecommunications | 978.0 | 890.1 | 11.95% | -44.0 | 33.7 | 90 |
| 47 | 63 | REWE (Romania) SRL | Romania | Wholesale/Retail | 975.6 | 832.7 | 19.38% | 17.5 | 11.5 | 60 |
| 48 | 50 | Delhaize Serbia DOO | Serbia | Wholesale/Retail | 963.8 | 910.3 | 5.86% | 33.5 | 44.1 | 38 |
| 49 | 98 | BA Glass Bulgaria EAD | Bulgaria | Glass Products | 938.5 | 591.4 | 58.70% | 65.2 | 40.9 | 21 |
| 50 | new | Consortium Arkad DZZD | Bulgaria | Construction | 932.4 | 0.0 | n/a | 6.4 | 0.0 | 73 |
| 51 | 51 | E.ON Energie Romania SA | Romania | Petroleum/Natural Gas | 919.9 | 899.4 | 4.21% | -1.2 | 6.1 | 81 |
| 52 | 60 | Mediplus Exim SRL | Romania | Wholesale/Retail | 910.8 | 848.9 | 9.32% | 24.8 | 3.5 | 52 |
| 53 | 53 | Fildas Trading SRL | Romania | Wholesale/Retail | 896.4 | 898.5 | 1.64% | 32.9 | 28.1 | 39 |
| 54 | 61 | Kaufland Bulgaria EOOD & Co KD | Bulgaria | Wholesale/Retail | 889.6 | 843.7 | 5.44% | 43.4 | 39.1 | 32 |
| 55 | 58 | Cofco International Romania SRL | Romania | Agriculture | 876.7 | 868.3 | 2.88% | 12.2 | 2.7 | 67 |
| 56 | 39 | Romgaz SA | Romania | Petroleum/Natural Gas | 863.1 | 1108.5 | -20.67% | 262.6 | 218.9 | 4 |
| 57 | 44 | Astra Bioplant EOOD | Bulgaria | Petroleum/Natural Gas | 860.9 | 974.5 | -11.66% | 20.2 | 7.2 | 58 |
| 58 | 47 | RCS & RDS SA | Romania | Telecommunications | 855.2 | 931.2 | -6.44% | 50.0 | 72.1 | 25 |
| 59 | 70 | Robert Bosch SRL | Romania | Automobiles | 827.2 | 798.4 | 5.55% | 12.0 | 24.7 | 68 |
| 60 | 67 | Telekom Srbija AD | Serbia | Telecommunications | 822.8 | 809.7 | 1.61% | 47.0 | 29.7 | 30 |
| 61 | 64 | Selgros Cash & Carry SRL | Romania | Wholesale/Retail | 822.0 | 829.8 | 0.92% | 12.8 | 17.2 | 66 |
| 62 | new | Belektron d.o.o. | Slovenia | Financial Services | 818.0 | 1044.8 | -21.71% | 9.5 | 9.1 | 69 |
| 63 | 56 | Tigar Tyres DOO | Serbia | Rubber/Rubber Products | 815.6 | 889.8 | -8.36% | 78.6 | 77.0 | 17 |
| 64 | 52 | Hidroelectrica SA | Romania | Electricity | 807.9 | 899.1 | -8.44% | 298.1 | 290.1 | 2 |
| 65 | 71 | Alliance Healthcare Romania SRL | Romania | Wholesale/Retail | 806.5 | 795.2 | 3.34% | 16.1 | 16.1 | 61 |
| 66 | 69 | Lidl Hrvatska d.o.o. k.d. | Croatia | Wholesale/Retail | 803.4 | 788.1 | 3.24% | 45.7 | 49.8 | 31 |
| 67 | 32 | Petrotel - Lukoil SA | Romania | Petroleum/Natural Gas | 788.5 | 1256.7 | -36.08% | -90.7 | -14.2 | 96 |
| 68 | 62 | JP Srbijagas | Serbia | Petroleum/Natural Gas | 780.9 | 834.3 | -6.41% | 25.5 | 40.7 | 50 |
| 69 | 65 | Hrvatski Telekom d.d. | Croatia | Telecommunications | 780.0 | 815.6 | -3.14% | 93.4 | 96.3 | 16 |
| 70 | 85 | Telekom Romania Communications SA | Romania | Telecommunications | 747.9 | 672.0 | 13.38% | 30.6 | -166.3 | 42 |
| 71 | 76 | Elektrodistribucija Srbije DOO (formerly known as EPS Distribucija DOO) | Serbia | Electricity | 742.8 | 731.7 | 1.51% | -15.5 | -49.1 | 87 |
| 72 | 59 | Autoliv Romania SRL | Romania | Automobiles | 738.2 | 850.0 | -11.52% | -10.0 | 0.9 | 84 |
| 73 | 46 | Renault Commercial Roumanie SRL | Romania | Automobiles | 737.6 | 940.5 | -20.10% | 1.7 | 15.8 | 77 |
| 74 | 49 | Saksa OOD | Bulgaria | Petroleum/Natural Gas | 720.4 | 912.2 | -21.03% | 8.3 | 11.7 | 70 |
| 75 | new | Independent Bulgarian Energy Exchange EAD | Bulgaria | Electricity | 700.4 | 430.5 | 62.72% | 3.0 | 2.2 | 76 |
| 76 | 99 | Lidl Bulgaria EOOD and KO KD | Bulgaria | Wholesale/Retail | 693.0 | 595.1 | 16.45% | 33.6 | 21.1 | 37 |
| 77 | 83 | Mercator-S DOO | Serbia | Wholesale/Retail | 692.8 | 680.4 | 1.81% | -46.7 | -18.4 | 91 |
| 78 | 72 | Impol d.o.o. | Slovenia | Metals | 680.9 | 784.2 | -13.17% | 7.4 | 13.2 | 71 |
| 79 | new | Arkad Engineering and Construction Company - Branch Bulgaria | Bulgaria | Construction | 667.6 | 0.0 | n/a | 0.9 | 0.0 | 78 |
| 80 | 75 | Michelin Romania SA | Romania | Rubber/Rubber Products | 666.0 | 734.2 | -7.58% | 13.3 | 23.5 | 65 |
| 81 | 84 | Nelt Co DOO | Serbia | Transportation | 663.8 | 676.9 | -1.95% | 6.7 | 5.1 | 72 |
| 82 | 97 | Spar Hrvatska d.o.o. | Croatia | Wholesale/Retail | 658.4 | 645.7 | 3.26% | -5.9 | -3.5 | 83 |
| 83 | 96 | Societatea Nationala de Transport Gaze Naturale Transgaz SA | Romania | Petroleum/Natural Gas | 653.2 | 600.2 | 10.88% | 35.9 | 72.9 | 33 |
| 84 | 82 | AETs Kozloduy EAD | Bulgaria | Electricity | 652.1 | 682.9 | -4.51% | 141.0 | 166.1 | 9 |
| 85 | new | Serbia Zijin Copper DOO | Serbia | Metals | 650.4 | 489.3 | 32.92% | 71.7 | 27.9 | 18 |
| 86 | 66 | Ameropa Grains SA | Romania | Agriculture | 648.1 | 810.7 | -18.55% | 0.9 | 13.1 | 79 |
| 87 | 73 | Porsche Romania SRL | Romania | Automobiles | 646.9 | 775.0 | -14.95% | 35.0 | 36.0 | 35 |
| 88 | new | Alro SA | Romania | Metals | 640.0 | 588.9 | 10.73% | 60.6 | -32.0 | 23 |
| 89 | 89 | Cargill Agricultura SRL | Romania | Agriculture | 638.3 | 648.8 | 0.25% | 6.4 | -0.2 | 74 |
| 90 | 80 | Hella Romania SRL | Romania | Automobiles | 630.9 | 697.7 | -7.87% | 26.0 | 33.5 | 49 |
| 91 | 87 | Infrastructure Development and Construction DOO | Serbia | Construction | 630.5 | 668.1 | -5.63% | 35.6 | 26.3 | 34 |
| 92 | 91 | Bingo d.o.o. Tuzla | Bosnia and Herzegovina | Wholesale/Retail | 620.2 | 635.9 | -2.47% | 34.9 | 47.8 | 36 |
| 93 | 94 | Telekom Slovenije d.d. | Slovenia | Telecommunications | 602.7 | 611.7 | -1.47% | 24.2 | 0.6 | 53 |
| 94 | new | Plodine d.d. | Croatia | Wholesale/Retail | 601.9 | 587.5 | 3.75% | 26.3 | 17.9 | 48 |
| 95 | new | Enel Energie SA | Romania | Electricity | 596.8 | 566.9 | 7.27% | 28.3 | 0.2 | 47 |
| 96 | 90 | Pliva Hrvatska d.o.o. | Croatia | Pharmaceuticals | 596.1 | 640.6 | -5.77% | 110.5 | 134.0 | 12 |
| 97 | 88 | Express Logistic and Distribution EOOD | Bulgaria | Wholesale/Retail | 591.0 | 663.3 | -10.90% | -0.2 | 3.3 | 80 |
| 98 | new | HBIS Group Serbia Iron & Steel DOO | Serbia | Metals | 585.2 | 812.8 | -28.01% | -51.6 | -189.0 | 93 |
| 99 | new | Philip Morris Trading SRL | Romania | Food/Drinks/Tobacco | 584.9 | 592.2 | 0.62% | 48.8 | 49.5 | 27 |
| 100 | new | Enel Energie Muntenia SA | Romania | Electricity | 581.8 | 583.8 | 1.55% | 28.6 | -10.8 | 45 |