COFACE: Romania’s largest companies register 6.3 percent turnover increase in 2013


Romania’s largest companies last year recorded a positive evolution in terms of their financial performance, results for 2013 pointing to a 6.3 percent average increase in turnover and a 3.3 percent net profit rate, show the Coface data on the ranking of the first 500 companies of Central and Eastern Europe – CEE Top 500 Ranking.

‘From a regional viewpoint and compared with the EU average, Romania singularised in 2013 by a 3.5 percent economic growth. Although the number of companies of Romania in the top 500 ranking of companies in Central and Eastern Europe is similar to that in the previous years (about 10 percent of the total), it is encouraging for Romania’s economy that the largest players had positive evolution in terms of financial performance, results for 2013 pointing to a 6.3 percent average increase in turnover and 3.3 percent net profit rate. In regard to the turnover, but also to the number of companies, the oil and natural gas industry ranked first in the entire region, as well as among Romanian companies, and next to it, the energy, auto and retail sectors complete the podium of the best performing activity areas,’ Coface Romania Manager Constantin Coman said.

The international company, specialised in commercial credit insurance, Coface, presents the sixth edition of the annual study comprising the Top 500 Ranking of companies of Central and Eastern Europe – Coface CEE Top 500. The study ranks the most powerful 500 companies in the region, while calculating based on turnover and such additional factors as: the number of employees, the business environment and the market the companies operate on.

 

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