The top five most profitable businesses include four telecoms and an IT service company, the Romanian subsidiary of IBM, with a net profit of EUR11.3 million.
Two of the most profitable companies in 2012 are Romtelecom and Cosmote, held by Greece’s OTE, which posted EUR80 million net profit together. Cosmote, the local mobile phone market number three, made its first net income since relaunching operations in this country at the end of 2005.
The ranking also includes two communications equipment manufacturers: the local subsidiary of the French group Alcatel Lucent, which has a strong research and development unit in Timisoara (western Romania) and the subsidiary of world’s oldest antenna manufacturer, Germany’s Kathrein. The group has an antenna plant in Timisoara.
US’ Hewlett Packard is one of the top 15 most profitable companies in 2012, as is its company that provides services to customers throughout the world (Global E-Business Operations Center – GEBOC), which employed almost 3,000 people last year.
Eight of the fifteen most profitable companies operate in the IT industry, (either software or outsourcing) and the remaining seven in the communications industry.
Telecoms also dominate the ranking of heaviest net losses posted last year, largely because of infrastructure investments and harsh competition on the market.
State-run Societatea Nationala de Radiocomunicatii (National Radiocommunications Company) in the ranking, cut its losses in 2012 to a fifth of the 2011 level.
(English version by Loredana Fratila-Cristescu)
Highest losses made in 2012
|
Rank |
Company |
Net loss (mln. euros) |
Majority shareholder (country) |
|
1. |
UPC |
-51.5 |
Liberty Global (USA) |
|
2. |
Telemobil |
-39.1 |
OTE (Greece) |
|
3. |
Huawei Technologies |
-17.7 |
Huawei (China) |
|
4. |
Germanos Telecom |
-11.9 |
OTE (Greece) |
|
5. |
Focus Sat |
-6.6 |
Liberty Global (USA) |
|
6. |
Scop Computers |
-6 |
-* |
|
7. |
Oracle |
-3.3 |
Oracle (USA) |
|
8. |
Nextgen Comm. |
-2.4 |
OTE (Greece) |
|
9. |
Avenir Telecom |
-2 |
Avenir (France) |
|
10. |
Radiocom |
-2 |
Romanian government |
|
11. |
Digital Cable Systems |
-1.8 |
AIG (USA) |
|
12. |
Payup |
-1.7 |
Payup (Portugal) |
|
13. |
GTS Telecom |
-1.7 |
GTS (Poland) |
|
14. |
MCS Comm. (Say) |
-1.4 |
Sgulit Holdings (Israel) |
|
15. |
Equant |
-1 |
Orange (France) |
Source: Finance Ministry. ZF
* According to the information available in the market, the majority shareholder is Alexandru Visanu who bought back 51% in the company from Poland’s ABC Data group.
Highest profits made in 2012
|
Rank |
Company |
Net profit (mln. euros) |
Majority shareholder (country) |
|
1. |
Orange |
116.2 |
Orange (France) |
|
2. |
Vodafone |
112.7 |
Vodafone (UK) |
|
3. |
Romtelecom |
70.2 |
OTE (Greece) |
|
4. |
RCS&RDS |
19.8 |
Zoltan Teszari |
|
5. |
IBM |
11.3 |
IBM (USA) |
|
6. |
Cosmote |
9.8 |
OTE (Greece) |
|
7. |
Alcatel-Lucent |
7.3 |
Alcatel Lucent (France) |
|
8. |
Kathrein |
6.9 |
Kathrein (Germany) |
|
9. |
HP |
5.9 |
HP (USA) |
|
10. |
HP GEBOC |
5.3 |
HP (USA) |
|
11. |
Siveco |
4.1 |
Siveco (Netherlands) |
|
12. |
Misys Intl |
4 |
Misys (UK) |
|
13. |
Teamnet Intl. |
3.6 |
Teamnet |
|
14. |
Iquest Technologies |
3.5 |
Fintech (UK) |
|
15. |
Luxoft |
3.1 |
Luxoft (Russia) |
Source: Finance Ministry, ZF