Article
Deloitte Central Europe Top 500, 2016
An era of digital transformation
The 2016 edition of the Deloitte CE Top 500 report ranks the largest companies from the 18 countries from Central Europe and Ukraine. In addition, it includes the opinions of some of the region's most prominent business leaders, with a focus on digital transformation.
“Considering the overall view emerging from an analysis of this year’s ranking, one may conclude that 2015 was a good year for the largest Central European companies. This enthusiasm is slightly tempered, though, by the quarterly performance and macro-economic data. However, it should be emphasised that the first quarter is not always an accurate predictor for the entire year.”
Béla Seres
Managing Partner of Financial Advisory service line
Deloitte Central Europe
Key insights
During 2015, the median annual euro-denominated revenue growth rates of Central Europe’s 500 largest companies rose from just 0.3% in 2014 to 3.5%. This exceeds the GDP growth achieved by all but three of the 18 countries in which the companies are based – the Czech Republic (4.6%), Romania (3.8%) and Poland (3.6%).
Growth across the region was mainly driven by increasing private consumption in the largest economies, up by around 3% in Poland, Hungary and the Czech Republic and by 5.9% in Romania. Results would have been yet stronger but for the continuing geopolitical tensions in Ukraine, which led to a 9.9% decline in the country’s GDP, and the low oil price which drove a -8.1% decline in oil company revenues.
These were among the key findings of the 2016 edition of the Deloitte CE TOP 500 ranking and report, which finds the region’s business leaders concerned that early economic results for 2016 are not as encouraging as they were during 2015.
The top five places in the ranking are the same as last year. PKN Orlen retains its leadership position despite a 17.2% decline in revenue. MOL from Hungary is second once more, despite a 15.6% fall in its revenue. Škoda Auto from the Czech Republic is third (with a rise of 6.3%). Fourth and fifth places go to Jeronimo Martins Poland and Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) respectively.
(PDF, in English)
Top companies and banks
Top 20 companies
| Ranking | Short company name | Country | Net sales revenue 2013 | Industry | |
| 1 | PKN Orlen | Poland | 27,037.2 | Energy | |
| 2 | MOL | Hungary | 18,121.1 | Energy | |
| 3 | ŠKODA AUTO | Czech Republic | 10,311.2 | Manufacturing | |
| 4 | Metinvest | Ukraine | 9,619.0 | Manufacturing | |
|
DTEK | Ukraine | 8,721.6 | Energy | |
| 6 | ČEZ | Czech Republic | 8,344.0 | Energy | |
|
Energorynok | Ukraine | 8,033.1 | Energy | |
|
Jeronimo Martins Polska | Poland | 7,806.4 | Consumer business | |
|
PGNiG | Poland | 7,627.7 | Energy | |
| 10 | PGE | Poland | 7,158.6 | Energy | |
|
Naftogaz of Ukraine | Ukraine | 7,010.8 | Energy | |
|
RWE Supply & Trading CZ | Czech Republic | 6,920.8 | Energy | |
|
Lotos | Poland | 6,791.1 | Energy | |
| 14 | Volkswagen Slovakia | Slovakia | 6,524.3 | Manufacturing | |
|
Orlen Lietuva | Lithuania | 6,067.3 | Energy | |
|
AUDI Hungaria Motor | Hungary | 5,856.3 | Manufacturing | |
|
AGROFERT | Czech Republic | 5,825.9 | Manufacturing | |
|
KGHM | Poland | 5,725.5 | Energy | |
|
Petrom | Romania | 5,477.1 | Energy | |
|
GE Infrastructure CEE | Hungary | 5,187.5 | Manufacturing |
Top 10 banks
| Ranking | Short name of bank | Country | Total assets 2013 | |
| 1 | PKO Bank Polski | Poland | 48,039.9 | |
|
Bank Pekao | Poland | 38,223.9 | |
|
ČSOB | Czech Republic | 37,855.1 | |
| 4 | Česká spořitelna | Czech Republic | 35,436.9 | |
| 5 | OTP Bank | Hungary | 34,963.6 | |
| 6 | Komerční banka | Czech Republic | 31,605.2 | |
|
BZ WBK | Poland | 25,580.9 | |
|
mBank | Poland | 25,145.3 | |
|
ING Bank Śląski | Poland | 20,917.9 | |
| 10 | PrivatBank | Ukraine | 18,928.8 |
Download the full report here (PDF, English, 72 pages)