Business News

Slovenian Companies Well Represented Among Adriatic Top 100

Ljubljana, 23 September (STA) - Slovenian companies are well represented on the list of the top 100 companies in the Adriatic region compiled by auditing firm Deloitte. A total of 31 companies from Slovenia made the list, with retailer Mercator the highest-ranked in third place.

Mercator moved into third place with EUR 2.6bn in sales revenues in 2009, overtaking energy group Petrol with EUR 2.3bn.

With 31 companies on the list, Slovenia is second only to Croatia (35) in terms of the number of companies which made it into the top 100.

Croatian grocery chain Agrokor tops the list with EUR 3.6bn in revenues, followed by Croatian energy group INA with EUR 2.8bn, said Janez Skrubej of Deloitte's Slovenian branch.

Apart from Mercator and Petrol, two other Slovenian companies made it among the top 10: car maker Revoz with revenues of EUR 1.3bn is eighth and household appliance maker Gorenje with EUR 1.2bn is tenth.

The list is dominated by companies either dealing in consumer goods or from the energy sector, Revoz being the only one among the top 10 that does not belong to either sector.

With 23 companies on the list, Serbia placed third, while other countries from the region - Bosnia-Herzegovina, Montenegro and Macedonia - together have only 11 companies listed.

With EUR 275.8m in net profit, Croatian telco HT, a part of Deutsche Telekom, tops the list of most profitable companies in the region. Serbian telco Telekom Srbija is second with EUR 211.1m in net profit, followed by Slovenian drug maker Krka (EUR 173.7m).

According to Skrubej, the top 100 Adriatic companies saw their combined revenues fall 12% in 2009, a result of the recession.

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