Hot topics

Slovenia Business Week no. 20: Petrol Biggest by Revenue, Lek by Profit

Energy group Petrol topped the list of biggest Slovenian companies in terms of revenues in 2006, while pharmaceuticals company Lek, part of the Novartis group, topped the list in terms of profit, shows a survey of the 300 biggest Slovenian companies published by daily Delo

Energy group Petrol topped the list of biggest Slovenian companies in terms of revenues in 2006, while pharmaceuticals company Lek, part of the Novartis group, topped the list in terms of profit, shows a survey of the 300 biggest Slovenian companies published by daily Delo.

Delo's business supplement, Delo FT, points out on Monday, 21 May that Petrol took the title of revenue king in Slovenia for the ninth time since 1990. In 2006, the company generated revenues of EUR 1.89bn, to lead retailer Mercator, which finished the year with revenues of EUR 1.69bn.

Mercator managed to close the gap, as the difference between the two in revenues fell from 33% in 2005 to 11% in 2006. Mercator increased its revenues by 36%, while Petrol's were up 14%.  

The two are followed on the list by carmaker Revoz (EUR 1.01bn), technical goods retailer Merkur (EUR 814m), energy group HSE (EUR 787m), home appliance group Gorenje (EUR 752m) and Lek (EUR 744m).

While Lek's net profit fell by 18% last year, the company managed to hold on to its lead on the list, with a profit of EUR 114.76m. It was followed by Slovenian rival Krka, which finished the year with a profit of EUR 113.1m. Telco Telekom Slovenije was third with a profit of EUR 96.4m.

Behind the top three were Mercator (EUR 75.9m), mobile operator Mobitel (EUR 44.23m), Petrol (EUR 39.6m), cigarette distribution company Tobacna Ljubljana (EUR 39.2m), HSE (EUR 36.3m), grid operator Eles (EUR 30m) and Revoz (EUR 26.7m).

Delo FT also breaks down the leaders according to their geographic position: Petrol and Mercator are the biggest companies in central Slovenia, Revoz tops the list in SE Slovenia, chemical company Impol is the biggest in northeastern-most Slovenia and Gorenje in the mid NE of Slovenia.

Merkur heads the pack in the north of Slovenia, while in the west, construction company Primorje and gaming chain Hit lead the pack.

Slovenia's top employer in 2006 out of the listed companies was Mercator, which had 12,462 employees. Postal company Posta Slovenije was second (6,317 employees), followed by Gorenje (5,761), Krka (4,006), clothes company Mura (3,371), retail chain Engrotus (2,827), Lek (2,772) and Merkur (2,602).

To be listed among the Delo FT's Top 300, a company had to generate revenues of a little under EUR 29.2m or make a profit of over EUR 1.25m last year. A total of 12 companies exceeded revenues of EUR 417m, while 99 companies generated a profit in excess of EUR 4.17m.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency