Twelve Croatian companies make it to Deloitte’s Central Europe Top 500

By bne IntelliNews September 5, 2013

Twelve Croatian firms led by oil producer INA found a place in Deloitte's top 500 ranking of best companies in Central Europe in terms of revenue for 2012, the survey compiled by the audit and consulting firm showed.

INA ranked 28th with revenue of EUR 3.96bn last year, down 1.8% compared to the 2011 earnings. Privately-held retail concern Agrokor came in 30th with EUR 3.95bn in revenue for 2012, a 1.2% y/y increase.

State-controlled power supplier HEP ranked 101st with EUR 1.68bn (up 6.2% y/y), while the Konzum retail chain ranked 106th with EUR 1.62bn (down 0.9% y/y).

Zagrebacka Banka, part of UniCredit Group, was the 10th largest bank in the region, while Croatia Osiguranje came at 19th position in the CE insurers' ranking.

The annual median revenue change for Croatia in 2012 was 2.4% in euro and 3.6% in kuna terms, with revenue increasing in 58% of the local companies surveyed, data in Deloitte’s report shows. In terms of net income the best performing Croatian companies were telecom operator T-HT with EUR 225mn (down 8.5% y/y) and again INA with EUR 78.3mn (plunging 72% y/y).

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