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Growing purchasing power brings in record-high sales to SEE companies - TOP 100 SEE ranking

Growing purchasing power brings in record-high sales to SEE companies - TOP 100 SEE ranking SEE TOP 100 cover

SOFIA (Bulgaria), October 9 (SeeNews) - Robust domestic demand backed by growing disposable incomes, a steady investment flow and a benign international environment put the economies in Southeast Europe (SEE) on a faster-growth track in 2017 and led to record-high sales for the biggest companies in the region, the TOP 100 SEE ranking published by SeeNews on Tuesday showed.

The total revenue of the entrants of the SEE TOP 100 ranking reached 113.9 billion euro ($130.7 billion), up by 12.5% as compared to the turnover recorded by the companies in the previous year’s ranking, the eleventh edition of the TOP 100 SEE ranking indicated.

Their total profit grew even more steeply, by 22%, to 4.9 billion euro.

TOP 100 SEE ranks the biggest companies in Southeast Europe by total revenue for the fiscal year ended December 31, 2017.

The threshold for entry into the ranking soared as well – to 515.5 million euro from 464.7 million euro a year earlier.

Automobile Dacia, a unit of France’s Renault, is the biggest company in SEE for a fourth year running as its turnover rose by 11.62% to 5.0 billion euro. Dacia’s profit increased, too - to 115.7 million euro from 100.5 million euro - but by this indicator the company ranks a distant 15th in the region.

The economic upsurge reached companies across all sectors, giving the strongest impetus to export-oriented majors in the metals industry and manufacturers of cars and car parts. Oil and gas companies, which traditionally dominate the SEE TOP 100 ranking, regained ground, too, after going through a rough patch in the past years due to the slump in global prices, the publication shows.

Romania has the biggest number of entrants, 51, among the region’s top 100. Next comes Slovenia with 13 representatives, followed by Serbia with 12, Croatia with 11, Bulgaria with 10, Bosnia and Herzegovina with two and Macedonia with one. The other countries in the region did not manage to get in an entrant.

($=0.8714 euro)