Business News

Fuel Retailer Petrol Biggest Slovenian Company in 2009

Ljubljana, 07 June (STA) - Dailies Delo and Dnevnik published on Monday lists of the biggest Slovenian companies in terms of revenues in 2009, which are both topped by fuel retailer Petrol, grocer Mercator and car maker Revoz. The biggest company in terms of net profit is Novo mesto-based pharma Krka.

Delo's list, based on unaudited data published by Slovenian business information provider GVIN, shows that Petrol last year generated EUR 2.07bn in revenues and EUR 10.7m in net profit.

Petrol is followed by Mercator with EUR 1.76bn in revenues and EUR 19.3m in net profit, and Revoz, the Slovenian subsidiary of Renault, with EUR 1.29bn in revenues and EUR 20.5m in net profit.

Best performer in terms of net profit was Krka (EUR 170.8m), followed by Knauf Insulation (EUR 73.6m), power utility HSE (EUR 60.2m), telco Telekom Slovenije (EUR 57.4m) and drug maker Lek (EUR 55.3m), which is owned by the Swiss pharma giant Novartis.

Delo pointed out that railway operator Slovenske zeleznice, port operator Luka Koper and shipping company Intereuropa, which are being planned to be merged into a logistics holding, generated a total loss of EUR 160m last year.

According to the paper, 18 Slovenian companies last year posted more than a EUR 10m loss each. The biggest losses were posted by investment firm Center Nalozbe (EUR 126.6m), Intereuropa (EUR 71.4m) and Luka Koper (EUR 59.2m).

On the list published by Dnevnik, based on data from business information provider Bisnoda, Petrol had EUR 1.99bn of net sales revenues last year, followed by Mercator (EUR 1.75bn) and Revoz (EUR 1.28bn).

A comparison of data for 2008 and 2009 shows that sales revenues of the top 150 companies on the list dropped by 14.3%, while sales revenues of the entire Slovenian economy were down 26.5%, Sanja Filipic of Bisnoda told the paper.

The top 150 companies generated last year a total of EUR 25.07bn in sales revenues, which is almost 40% of the total sales revenues of the Slovenian economy. This share in 2008 stood at 34%.

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