The ranking of the ten “heavyweights” suffered significant changes against 2009, as Hidroconstructia, which ranked second in 2009, climbed onto the leading position, with EUR232.1 million in turnover. The company is currently held by its management and the employees’ association.
On the other hand, the leader of 2009, Giurgiu-based Romstrade, controlled by businessman Nelu Iordache, ended up on the fifth position, after seeing its turnover halve to a little above EUR134 million.
Another surprise in the ranking is Confort builder of Timisoara, which witnessed a steady turnover increase, of 44%, to EUR178.8 million, and which in 2010 ranked second.
Bacau-based entrepreneur Dorinel Umbrarescu is present, just like in 2009, with two companies in the 2010 ranking, Spedition UMB and Tehnostrade, with cumulated turnover of EUR261 million, above Hidroconstructia. In 2010, Spedition UMB was the most profitable company owned by a Romanian entrepreneur, as it posted a net income of EUR43.4 million, according to a ZF analysis.
While 2010 was not a very good year for builders, as no major projects were started from scratch, 2011 had a good start, at least on the road construction segment.
Other builders that boosted turnovers last year include Delta ACM ’93, with a 28% increase to EUR93 million, as well as Tehnologica Radion, with a 31.5% advance to EUR142.4 million.
The 2010 top ten of the largest Romanian-held construction firms is largely made up of the same companies that were present in 2009, with Euroconstruct Trading ’98, which reported an 8.4% turnover increase to EUR64.3 million, as the only newly-entered builder.
On the other hand, the company that exited the top 10 last year is Build Corp, controlled by businessman George Ivanescu, which saw its turnover shrink from EUR76.9 million to EUR43.7 million.