Only four companies in the top ten reported a profit last year, with OMV Petrom (SNP.RO) also leading the profit ranking, with a net result of EUR864 million.
The “surprise” of the year 2012 is the presence of Ford in the top 25, after the start of production at the company’s plant in Craiova took the US company from turnover of EUR189 million in 2011 to over EUR550 million last year. Ford is also important for Romania’s exports, but the manufacturer in fact fills a hole left in the economy by the departure of Nokia from Cluj, a process that was also finalized last year.
No Romanian-held company, private or state-controlled, is in the top ten, with the state’s first entry in the ranking being energy supply company Electrica Furnizare (no. 13) with turnover of EUR998 million. Oscar Downstream (Alin Niculae) and Dedeman Bacau (Paval brothers) are the largest Romanian entrepreneurial businesses in 2012, and the ranking could also include Interagro (Ioan Niculae), but its balance sheet is not yet registered with the Trade Registry.
The one hundred largest companies in Romania last year had sales of almost EUR60 billion, i.e. a quarter of the turnover of all companies in Romania, close to the 2011 level. The leading companies in the Romanian economy have over 300,000 employees and some of the largest employers are state-controlled companies such as postal company Posta Romana, railway companies CFR Marfa and Calatori and forest management company Romsilva.
Some of the companies with the highest growth rates in the top 100 were Samsung Electronics Romania, with a 47% rise and Mol Romania, with a 25% rise.
The “Largest players in the economy” yearbook, which will hit the newsstands at the end of June, features the ranking of the largest players on 80 markets, analyses of companies’ profit margins and information on shareholding and management structures.
Ranking of the largest companies in Romania by 2012 turnover
|
Position |
Company |
Turnover in 2012 (million euro) |
Dynamic 2012 vs. 2011 (%) |
Majority shareholder |
|
1 |
OMV PETROM |
4,378.3 |
12 |
OMV (Austria) |
|
2 |
OMV PETROM MARKETING |
3,391.6 |
4.8 |
OMV (Austria) |
|
3 |
AUTOMOBILE-DACIA |
2,863.4 |
-8.1 |
Renault (France) |
|
4 |
ROMPETROL RAFINARE |
2,765.5 |
15 |
KazMunayGas |
|
5 |
ROMPETROL DOWNSTREAM |
1,832.6 |
1.6 |
KazMunayGas (Kazakhstan) |
|
6 |
PETROTEL – LUKOIL |
1,558.1 |
-0.5 |
Lukoil (Russia) |
|
7 |
KAUFLAND |
1,500.0 |
14.5 |
Lidl-Schwarz (Germany) |
|
8 |
BRITISH AMERICAN TOBACCO TRADING |
1,483.2 |
3.7 |
BAT (UK) |
|
9 |
LUKOIL |
1,355.3 |
5 |
Lukoil (Russia) |
|
10 |
RENAULT INDUSTRIE ROUMANIE |
1,220.5 |
30.9 |
Renault (France) |
Sources: ZF’s Largest Players in the Economy 2013 yearbook, Trade Registry, Bucharest Stock Exchange, companies
Notes: The Trade Registry (RECOM) has supplied a ranking of the 100 largest companies in Romania by the 2012 turnover, but the ranking only features companies that submitted their 2012 balance sheets. Companies such as Kaufland, Vodafone and OMV Petrom SA do not feature in the RECOM ranking, but the data has been updated by ZF based on companies’ official reports or based on ZF estimates. Mittal Galati losses are estimated by ZF.
(English version by Daniela Stoican)