Business News


Petrol and Mercator Still Biggest Groups

Ljubljana, 15 October (STA) - Energy group Petrol and retailer Mercator remained the biggest groups in 2011 in terms of net sales revenues, generating EUR 3.3bn and EUR 2.9bn respectively, according to the list published by the daily Delo's financial supplement Posel&denar on Monday.

The two are followed by the groups around household appliance maker Gorenje (EUR 1.4bn in sales revenues), power utility HSE (EUR 1.3bn) and energy distributor GEN-I (just over EUR 1bn).

The top ten groups list further features drug maker Krka (EUR 958m), insurer Zavarovalnica Triglav (EUR 916m), telco Telekom Slovenije (EUR 815m), retailer-through-mobile-telephony conglomerate Tuš Holding (EUR 789m) and Dilon (EUR 765m), the Slovenian subsidiary of Russian steel group Koks.

Zavarovalnica Triglav ranked the highest among insurers (7th) and Slovenia's biggest bank, NLB, among banking groups (13th) with EUR 571m.

Compared to the year before, sales revenues increased for most of the groups on the list and decreased for only a fifth. Nevertheless, around a third of the groups posted a net loss.

As regards net profit, the list was topped by Krka with EUR 163m, while Petrol ranked fifth (EUR 52m), behind HSE (almost EUR 70m). Mercator and Gorenje take much lower rankings.

Pharma company Lek ranks third, as it generated net revenues of EUR almost EUR 80m in 2011, while it takes 12th place on the sales revenues list.

Taking a look at the two main state-owned funds, SOD generated the second highest net profit (EUR 85.5m), while KAD had the second highest net loss (almost EUR 167m).

The biggest net loss was generated by NLB (EUR 240m), followed by KAD, conglomerate Sava (EUR 157m) and Slovenia's no. 3 bank, Abanka (EUR 110m). Five banks are among the top losers in 2011.

The biggest employer in 2011 was the Mercator group, as it gave jobs to 24,266 people, followed by Gorenje, which employed 10,932 people. Railway operator Slovenske železnice's group employed 8,886 people and Krka 8,789 people.

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