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November 30, 2022
BUSINESS

E&Y: Approx. 20 pc of Romanian companies have revenues above EUR 100 M

According to a poll conducted by Ernst & Young, lowering costs was the most widespread strategy that Romanian companies that had good results in recent years adopted, followed by hiking productivity and restructuring activity, Mediafax informs. Five per cent of the companies tried to consolidate their position on the market through mergers and acquisitions, while another 5 per cent sought to draw European funds.

At the same time, 38 per cent of the managers nominated cost control as one of the main factors behind their companies’ success in time of crisis, 15 per cent pointed to innovation, 12 per cent to using and keeping performing employees, 10 per cent to restructuring and 9 per cent to hiking productivity. 70 per cent of the companies that took part in the poll are business to business companies, 26 per cent work directly with consumers, while 4 per cent do business with the state.

The survey also shows that slightly above 50 per cent of the aforementioned companies have Romanian shareholders, 47 per cent have foreign shareholders, 13 per cent are listed on the stock market, 5 per cent are state-controlled and 5 per cent are controlled by private capital funds. In the case of almost a fifth of them – 19 per cent – revenues stood above EUR 100 M in the last fiscal year, in the case of 8 per cent of them revenues stood at EUR 50 – 99.9 M, in the case of 47 per cent it stood at EUR 10 – 49.9 M, in the case of 22 per cent at EUR 1 – 9.9 M and in the case of 5 per cent revenues stood below EUR 1 M. Likewise, the respondents represented all economic sectors, with a higher representation for the industrial and manufacturing sector, retail and commerce sector, food industry and agriculture sector, as well as services sector.

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