Five Bulgarian firms enter LSEG's report on Europe's fastest growing SMEs

Five Bulgarian firms enter LSEG's report on Europe's fastest growing SMEs Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SOFIA (Bulgaria), September 5 (SeeNews) - Five Bulgarian companies from five different sectors have been included this year in the London Stock Exchange Group's annual report on Europe’s most dynamic and fast-growing small and medium-sized businesses, the LSEG said on Tuesday.

Each of the Bulgarian entrants - metallurgy products manufacturer El Stomana, fertiliser producer Fertbul, electricity trader Most Energy, Videnov Furniture retailer and climbing walls manufacturer Walltopia - generated revenues in the range between 20 million euro and 30 million euro, according to their latest annual financial statements, LSEG said in its report 1,000 Companies to Inspire Europe 2017.

The five Bulgarian companies identified in this year’s report have 147% three year compound annual growth rates.

The two year job growth of 76% generated by the Bulgarian SMEs "is an impressive figure," LSEG noted.

Details about the fastest growing companies in Southeastern Europe follow:

  Companies average revenue (in mln euro) three-year compound
annual growth rate
two-year job growth
Bulgaria El Stomana, Fertbul, Most Energy,Videnov Furniture, Walltopia 25 147% 76%
Croatia Boomark Pak, Franck, Invest Sedlic, Kras, Solvis 62 27% 4%
Romania Allview, B&B Collection, Complet Electro, Elbi Electric&Lighting, Fan Courier, Medist Group, Neptun, Vox Carrier, Microfruits,Gradinariu Import Export 47 149% 29%
Slovenia Ledinek Group, Leone, Mass, MDM, Steklarna Hrastnik 39 30% 17%

Source: LSEG

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