Oil and gas firms hold on to their leading position in the fourth edition of the SEE TOP 100 annual ranking of the biggest businesses in Southeast Europe (SEE) in terms of total revenue published by SeeNews in strategic partnership with A.T. Kearney and in exclusive content partnership with Euromonitor International.
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.
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.
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.
SEE TOP 100 Companies
Romanian oil and gas group OMV Petrom 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 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 Banks
The fourth edition of SEE TOP 100 also ranks the 100 largest banks in the region in terms of total assets in 2010. The 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.
The region’s banking industry has been hampered by non-performing loans since the economic crisis hit SEE and some lenders said the level of bad exposures was not likely to decrease in the short term.
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.
SEE TOP 100 Insurers
The leader in the SEE Top 100 Insurers ranking for 2010, Slovenia’s Zavarovalnica Triglav, 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. Third-placed in the ranking for 2010 is Slovenian insurer Adriatic Slovenica Zavarovalna Druzba d.d., up from the sixth spot a year earlier.
SEE TOP 100 per Capita
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 the SEE TOP 100 Per Capita in 2010 is again Slovenia’s Petrol, followed by Slovenian retailer Mercator. The top three is rounded off by Croatia’s INA.
Besides ranking the top 100 companies in SEE, SeeNews has ranked for a fourth year running the leading industries in the region. SEE Industrial pools together the revenue generated in 2010 by all companies within a certain sector of SEE TOP 100 and ranks the industries in terms of this aggregate revenue. As tradition would have it, oil and gas, electricity, wholesale and retail and telecommunications were the four best performing industries in the region in 2010.
In addition to the different rankings, in SEE TOP 100 you will find an insightful analysis of the M&A activity in the region in 2010 provided by our strategic partner, A.T. Kearney, as well as thought-provoking profiles of the 11 SEE economies prepared by the current edition’s exclusive content partner, Euromonitor International.
Further content highlights include profiles of some of the region’s most high-powered executives, an in-depth look at oil production and consumption in SEE, the state of the pharmaceuticals market, the business of fuel retailers and the renewables versus nuclear energy debate and how it is playing out in the region. This year’s edition also features an exciting new chapter dedicated to sustainable development, an area that will come into an even sharper focus as concerns mount about global overpopulation and resource depletion. Relevant issues are explored in a number of interviews and exclusive analyses.