Romania remains one of the most attractive investment spots in the region, ranking the fourth in this year’s edition of Deloitte Central Europe Top 500 released on Wednesday and presented by Lars Wiechen, Partner-in-Charge for Deloitte Romania’s FA service line (photo).
The 10th edition of Deloitte report reveals also that Automobile Dacia, OMV Petrom and Rompetrol Rafinare are best placed companies.
“Growth has been driven by strong exports and strong industrial production in 2013 and 2014 and by gradual recovery of domestic demand in 2014. 2015 has been described by surging consumption and recovering investment. Romania is expected to outperform other CEE countries in 2016 and robust growth is forecasted for the following years,” Wiechen said.
The aggregated revenue of the Romanian companies ranked has reached EUR 46.4 billion, slightly above the 2014 level. Retailers saw the biggest growth of 17.8 percent, representing 20 percent of all ranked Romanian companies.
During 2015, the median annual euro-denominated revenue growth rate in Romania was 6 percent, higher than a 5.3 percent the previous year. With 46 companies present in the ranking, the same as last year, Romania has preserved its position. Also, 25 companies from Romania improved their ranking and five new entries made it to the top.
“This year’s ranking has confirmed that Romania is on an upward trend along with the entire CE region. The country has to continue on building on its infrastructure and reform its education and health systems so as to also bring more value added services and attract further investment in production,” Ahmed Hassan, Country Managing Partner Deloitte Romania said.
Automobile Dacia is the best placed in the ranking, taking 25th place with a growth of 1.7 percent in revenues (EUR 4.3 billion) followed by OMV Petrom on the 27th (EUR 4 billion) and Rompetrol Rafinare on 52th place (EUR 2.5 billion).
In terms of generated revenue, though strongly affected by oil price decline, energy & resources has been an important contributor to Romania’s ranking by bringing EUR 17 billion, followed by consumer business with EUR 15 billion.
Tinmar (up 92 places to the 308th), Lidl (up by 79 places to 185th) and Mega Image (up 74 places to 266th) were the biggest Romanian jumpers. Profi Rom Food was the company with the biggest revenue growth rate of 38.1 percent.
When compiling the CE Top 500 report for 2016, Deloitte has asked many of the region’s business leaders about their views on and experience with digitalization and 17 percent of the participating companies from Romania said that digital transformation was a priority to the business and look to integrate the latest technologies to the benefit of the customers.
The combined revenues of all companies in the CE Top 500 ranking totaled EUR 685 billion, representing a 1.7 percent year-on-year increase from the EUR 682 billion recorded a year before.
The top five places in the CE Top 500 ranking are the same as last year. PKN Orlen (Poland) retains its leadership position despite a 17.2 percent decline in revenue. MOL (Hungary) is second once more, despite a 15.6 percent fall in its revenue. Škoda Auto from the Czech Republic is third (with a rise of 6.3 percent). Fourth and fifth places go to Jeronimo Martins Poland and Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) respectively.