The most prestigious financial publication in Romania, Ziarul FInanciar, organized the online edition of its Top Valuable Companies awards. For the second year in a row, UI Path, the first Romanian decacorn, ranked on 1st.
The most valuable Romanian companies 2020:
1. UI Path
UI Path is the first Romanian decacorn (company exceeding the value of US 10 B). The Romanian RPA producer is for the second year in a row on this position, a signal for the fact that the software industry is about to topple the oil and gas one.
Founded by Daniel Dines and Marius Tirca, UI Path had a turnover of EUR 9,673,314 and a loss of EUR 7,351,182 in 2017. According to the latest statistics, UI Path has 120 employees.
The Romanian leader in electricity generation, Hidroelectrica reached an EBIDTA of 70% of the turnout figure in 2019, becoming the most profitable company in Romania. The Romanian Government announced its intention of selling 10-15% of Hidroelectica, through an IPO procedure but so far the intention has not been integrated in a strategy.
In 2017, having more than 3000 employees, Hidroelectrica had a turnover of EUR 842,897,404 and a profit of EUR 281,667,758.
3. OMV Petrom
For years, OMV Petrom was seen as the most valuable company in Romania. Yet, the top has recently changed and the oil and gas giant let room for the others. OMV Petrom is about to become even more valuable in the next years, due to its 50% participation in Neptun Deep offshore block.
Recent financial studies from 2019 have shown that OMV Petrom has a turnover of EUR 4,020,964,991. The company has a profit of EUR 723,924,784. Currently, there are more than 10,000 employees working at OMV Petrom.
4. eMAG (Dante International)
eMAG is the biggest Romanian online retailer. Recently, eMAG became quite an international brand, as it opened warehouses in Hungary and Bulgaria. eMAG is going to increase its value each year, along with the e-commerce market in Romania, now exceeding EUR 5 B.
In 2019, eMAG had a turnover of EUR 926,221,311, with an existing profit of EUR 10,065,531. There are more than 2000 employees working at eMAG.
Dedeman is a hypermarket chain with 100% Romanian capital offering home improvement and do-it-yourself goods. The motto is “Dedicated to your plans”. It is based in Bacău, Northern Romania, and operates 54 stores in the country.
Latest financial studies from 2017 illustrated that Dedeman had a turnover EUR 1,669,311,031. The company has a profit of EUR 260,499,931. Approximately 10,000 people are employed at Dedeman.
6. Banca Transilvania
Banca Transilvania remained one of the few banks in Romania still owned by Romanian investors. In the recent years, Banca Transilvania initiated projects to help the Romanian entrepreneurs. Also, it acquired, along with EBRD, shares in Viktoriabank, becoming the co-owner of the Moldovan bank.
In 2020, Banca Transilvania had a profit of EUR 303.94 mil. In 2019, there were around 10.000 employees hired at Banca Transilvania.
7. Kaufland Romania
Kaufland is the German hypermarket chain, part of the Schwarz Gruppe which also owns Lidl. In Romania, both Kaufland and Lidl are amongst the most profitable hypermarket chains, expanding their business annually with new stores. The chains have taken advantage on the Romanian market of the increasing purchasing power of Romanians and of the increasing private consumption.
Recent financial searches showed that Kaufland has a turnover of EUR 2,412,800,373 and a profit of EUR 172,199,762, both in 2019. The average number of Kaufland employees are 12,500.
According to the Romanian minister of Energy, Romgaz eyes on Exxon’s 50% stake in Neptun Deep offshore block. The project’s current shareholders are ExxonMobile and OMV Petrom, each one holding 50%, but ROMGAZ wants Exxon’s stake after the Polish PGNiG withdrew from the negotiations.
With a turnover of EUR 1,000,463,931, Romgaz has a EUR 212,572,120 profit in 2019. More than 5,000 people work at Romgaz.
BCR is owned by Erste Bank, the biggest banking group in Central and Eastern Europe. This helped the Romanian bank to offer its clients some the most appreciated fin-tech app on the local market, George, but also to offer the Romanian start-up entrepreneurs the option of being financed through BCR-INNOVX.
Founded in 1990, Banca Nationala Romana had a profit of EUR 125 mil in 2017. In the same year, BCR had a turnover of EUR 731,031,991. During this year, BCR had 6,000 employees.
Top 10 most valuable Romanian companies would have been incomplete without a communication company, and Orange proved to be the most valuable this year. With almost 11 million clients, Orange Romania is the biggest player on the mobile phone and communication services market.
Without any surprise, Orange had a turnover of EUR 1,183,608,368 and a profit of EUR 78,146,194 in 2019. Orange has an average of 2.500 employees.
The financial data was taken from https://mfinante.gov.ro/.