October 3 (SeeNews) - Oil and gas firms hold on to their leading position in the SEE TOP 100 annual ranking of the biggest businesses in Southeast Europe (SEE) in terms of total revenue published on Monday by SeeNews in strategic partnership with A.T. Kearney and in exclusive content partnership with Euromonitor International.
The SEE TOP 100 ranking comprises the biggest non-financial companies in the region with entrants in this year's edition from Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Romania, Serbia and Slovenia.
You can download the 2023 Automotive industry in Southeast Europe report here
The ranking is based on a pool of more than 1,200 companies that also included businesses based in Albania, Moldova, Montenegro and Kosovo but their revenue performance in 2010 placed them beyond the ranking's cut-off point which this year is 396 million euro ($529 million). This is the ranking's fourth edition.
Companies from the oil and gas sector again occupy the top three positions in the SEE TOP 100 ranking. The 27 companies from this sector that enter the ranking posted combined total revenue of 32.2 billion euro in 2010.
Romanian oil and gas group OMV Petrom [BSE:SNP] leads the ranking for a third year running with total revenue of 3.627 billion euro in 2010, followed by Croatian oil and gas company INA-Industrija Nafte [ZSE:INA-R-A] with 3.291 billion euro. Bulgarian oil refinery LUKOIL Neftochim Burgas retains its no.3 position. It ended 2010 with total revenue of 2.79 billion euro.
Unchanged from 2009, electricity companies display the second highest combined total revenue in 2010 – 12.9 billion euro generated by 18 companies that enter the ranking.
Wholesale and retail trade is again the region’s third largest sector with combined revenue of 12.8 billion euro last year.
A total of 15 industries are represented in the 2010 ranking, up from 13 in the previous edition.
SEE TOP 100 also ranks the 100 largest banks in the region in terms of total assets in 2010 as well as the biggest insurers in terms of gross written premium.
The banking sector ranking shows that three quarters of the SEE TOP 100 Banks increased their asset value last year but most of the lenders saw profits decline.
Romania’s BCR unseats Slovenia's Nova Ljubljanska Banka (NLB) from the top spot in the ranking for 2010 with end-year total assets of 16.3 billion euro, representing an annual growth of 8.4%. NLB has to settle for the runner-up spot in this year’s edition ahead of Croatia's Zagrebacka Banka [ZSE:ZABA-R-A].
The leader in the SEE Top 100 Insurers ranking for 2010, Slovenia's Zavarovalnica Triglav [LJE:ZVTG], also leads its domestic market in terms of gross premium income. The Slovenian insurer ended 2010 with a gross written premium of 721.3 million euro, down 3.1% from the previous year but well clear of second-ranked Croatia Osiguranje [ZSE:CROS-R-A]. Third-placed in the ranking for 2010 is Slovenian insurer Adriatic Slovenica Zavarovalna Druzba, up from the sixth spot a year earlier.
Traditionally, the SEE TOP 100 per Capita ranking is dominated by companies from Slovenia, a country with a population of just over two million. The leading two companies in the 2010 ranking remain unchanged from the previous year. The leader in SEE TOP 100 per Capita in 2010 is Slovenian energy company Petrol [LJE:PETG], followed by Slovenian retailer Mercator [LJE:MELR]. The top three is rounded off by Croatia's INA.
The rankings from this year's edition of SEE TOP 100 can be seen in their entirety at the publication's official website, www.top100.seenews.com, which also features a look-back at the M&A activity in the region in 2010 prepared by A.T. Kearney, profiles of the 11 SEE economies provided by Euromonitor International as well as a number of exclusive analyses, interviews with CEOs and industry overviews.
($=0.7492 euro)
Poslovni Sistem Mercator d.d. is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here