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Oil & Gas Firms Keep Lead in SEE TOP 100, Wholesale & Retail Advance Most

Oil and gas firms keep their leadership in the third annual ranking of the top 100 companies in Southeast Europe in terms of total revenue in 2009 prepared by SeeNews in strategic partnership with global management consultancy A.T. Kearney and in exclusive content partnership with Euromonitor International.

Companies from the oil and gas sector occupy again the first three positions in SEE TOP 100. The 24 companies from this sector that entered the ranking, however, have a significantly lower combined total revenue of 25.6 billion euro in 2009, 28% down year-on-year.

The SEE TOP 100 ranking comprises the biggest nonfinancial companies in the region with entrants from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Moldova, Montenegro, Romania, Serbia and Slovenia. The ranking is based on a pool of more than 1,200 companies.

SEE TOP 100 Companies

For a second year running Romania's OMV Petrom leads with a total revenue of 3.388 billion euro in 2009. Although the result is considerably lower compared to the previous year's 4.851 billion euro, OMV Petrom leads the second-ranked Croatian oil and gas company INA-Industrija Nafte with a large margin.

INA occupied the second place in the 2008 ranking as well. In 2009, the company had a total revenue of 2.7 billion euro, a quarter less than 3.65 billion euro in 2008.

Bulgarian oil refinery Lukoil Neftochim, majority-owned by Russian giant Lukoil, is in No.3 position again. It closed 2009 with a total revenue of 2.163 billiion euro, 38.99% down from 2008.

Unchanged from 2008, electricity companies display the second highest combined total revenue in 2009 – 13.5 billion euro generated by 22 companies that entered the ranking. The result is less than one percent higher year-on-year.

Companies dealing in wholesale and retail trade show a modest, yet the sharpest rise in combined total revenue among the top five industries in 2009, 1.4% up to 12.9 billion euro. Companies from this sector also have the second highest combined net profit of 222.3 million euro in 2009 versus 250.5 million in 2008.

The most profitable sector out of the 13 industries included in the 2009 ranking is telecommunications. The 15 companies from this sector that entered the 2009 ranking had a combined net profit of 1.54 billion euro, slightly lower than 1.62 billion euro in 2008.

SEE TOP 100 Banks

The third edition of SEE TOP 100 also ranks the 100 largest banks in the region in terms of total assets in 2009. In the previous edition SeeNews ranked 50 banks. The ranking shows that despite the financial crisis, most of the 100 largest banks in the SEE region  increased their assets last year with growth rate ranging from 0.5% to 110%.

Most banks in the region, however, either halved their net profit or turned to loss in 2009 as the financial crisis and the economic downturn took their toll. One of the main reasons for the drop in profit was the rise in provisions that banks set aside to compensate for the increasing number of non-performing loans in their portfolios.

Slovenia’s largest bank, Nova Ljubljanska Banka (NLB), leads the SEE TOP 100 Banks ranking for a second year running, ending 2009 with 15.5 billion euro in total assets. However, the bank reported an unconsolidated net loss of 23.6 million euro in 2009 due to higher provisions. In 2008, NLB had a net profit of 49.2 million euro.

Romania’s largest bank, Banca Comerciala Romana (BCR), occupied the second place in the 2009 ranking, unchanged from 2008. It had total assets worth 15.3 billion euro at the end of 2009. BCR ended last year with the highest net profit among the SEE TOP 100 banks, 204.8 million euro, or less than half of its 2008 net profit of 489.7 million euro.

Croatia’s Zagrebacka Banka (ZABA) ranked third with 12.7 billion euro in total assets at the end of 2009, advancing one position from 2008. ZABA also showed the third highest profit among the top 100 banks in Southeast Europe – 166.4 million euro, down from 190.4 million euro in 2008.

SEE TOP 100 Insurers

To give a more detailed picture of the business in the region, SeeNews has compiled a separate ranking of the 100 largest insurance companies in terms of gross written premium in Southeast Europe in 2009.

The leader in the SEE Top 100 Insurers ranking, Slovenia’s Zavarovalnica Triglav, also leads its domestic market in terms of gross premium income. The Slovenian insurer ended 2009 with a gross written premium of some 744.5 million euro, slightly down from the previous year’s 754 million euro, but almost double the premium income of second-ranked Croatia Osiguranje. Zavarovalnica Triglav turned to a net loss of 1.8 million euro in 2009 from a net profit of 14.9 million euro a year earlier.

Croatia Osiguranje has a gross written premium income of some 415 million euro, down from 443 million euro in 2008. Despite the fall the company shows a higher net profit of 9.5 million euro in 2009, compared to 8.9 million euro in 2008.

Romanian insurer Allianz-Tiriac Asigurari ranks third with a gross written premium of 304 million euro in 2009, down from 347 million euro in the previous year. The company had a net profit of 7.0 million euro last year.

SEE TOP 100 per Capita

SeeNews has also expanded the ranking of the leading companies in terms of total revenue per capita to 100 from 50 in last year’s edition. Traditionally, this ranking is dominated by companies from Slovenia, a country with a population of just over two million. The leading two companies in the 2009 ranking remain unchanged from the previous year. The leader in the SEE TOP 100 Per Capita in 2009 again is Slovenian blue-chip fuel retailer Petrol, followed by the country’s largest food retailer Mercator. Slovenian automobile manufacturer Revoz, a unit of Renault, advanced one position to the third place in the 2009 ranking.

Besides ranking the top 100 companies in Southeast Europe, SeeNews has ranked for a third year running the leading industries in the region. SEE Industrial pools together the revenue generated in 2009 by all companies within a certain sector of SEE TOP 100, and ranks the industries in terms of this aggregate revenue. Traditionally, oil & gas, electricity, wholesale & retail and telecommunications were the four best performing industries in the region in 2009.

SEE TOP 100 also features a SEE Country Top 10 ranking of the biggest companies in each country surveyed based on their total revenue in 2009. For the first time Albania is present in the survey with a ranking of its ten biggest companies.

In addition to the different rankings, in SEE TOP 100 (Edition 2010) you will find analyses of corporate management practices and the main challenges that managers faced in SEE in 2009 prepared by our strategic partner A. T. Kearney. You will also find profiles of the countries in the region compiled by our exclusive content partner Euromonitor International, a Best Employer survey by Hewitt, industry analyses, forecasts, expert opinions, numerous interviews with leading business people and features about successful companies in SEE.

SEE TOP 100 Webinar

'SEE TOP 100 – No Green Shoots Yet', hosted by SeeNews, A.T. Kearney and Euromonitor International, and will be held today September 27, 2010, 10.30 am CET / 8.30 am GMT and is tailored for business representatives, think-tanks and the media.

The webinar panellists include:

• Jan van der Oord, Vice President at A.T. Kearney,
• Branko Žibret, Vice President at A.T. Kearney,
• Nikola Košutić, Research Manager Eastern Europe at Euromonitor International,
• Žiga Debeljak, CEO of Mercator (Slovenia)
• Ivica Mudrinić, CEO of THT (Croatia)
• Boyko Dimitrachkov, Member of the Board of Management of E.ON Bulgaria
• Ivan Drenovichki, CEO of Bulgartransgas (Bulgaria)
• Gunter Brambock, Vice President for Regulatory Affairs, Business Unit South East
• Europe, EVN AG
• Raina Lazarova, Director SeeNews

The webinar will focus on the most relevant question for the year ahead 'When will Southeast Europe see the green shoots of recovery?' and addresses the important topics for the economic and business development in the region.

SEE TOP 100 will be available for downloading on September 27, 2010 after 10.30 am CET / 8.30 am GMT on www.top100.seenews.com.

Sursa: http://www.top100.seenews.com.

Tags: companies million ranking euro industries profit ranked previous slovenia second largest gross premium business rsquo croatia assets banks region europe terms southeast third retail their wholesale total combined billion sector revenue seenews kearney blue bcr

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