Cumulated turnover of top six companies in Romania exceeds 12.8 bln euros in 2007

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The cumulated 2007 turnover of the top six companies in Romania exceeded 12.8 billion euros.
Top players in Romania are the energy companies – Petrom, Electrica and Rompetrol Rafinare – and the automotive, metallurgy and retail ones, such as Automobile Dacia, ArcelorMittal Galati and Metro, respectively.
 
The cumulated profit of the six players stood at some 720 million euros.
 
It is not at all unusual for such a ranking to be dominated by energy companies, said Codrut Pascu, managing director of the Roland Berger management advisory company. "If you look at Russia or the USA, you will notice the same pattern. With the price of oil rising rapidly, it is natural that all businesses involved in this area should increase significantly. In any case, by their very nature, these businesses are very large", underlined Pascu.
 
Automobile Dacia and ArcelorMittal Galati posted the highest turnover increases in 2007, compared to 2006, both companies being advantaged by the significant advance of oil on the international markets and, respectively, on the steel one.
 
Roland Berger representative also said that the foreign markets represented the growth engine for Automobile Dacia. "Main factor of Dacia growth is represented by the success recorded by Logan abroad, on mature markets, such as those in West Europe, not even targeted initially", said Pascu.
 
As for retail, he pointed out that its area developed considerably last years, especially by replacing the traditional segment with the modern one.
 
"An increased buying power determined a raised consumption, especially that the segment Metro operates on is not only developing at the same time with the market, but it also replaces other activity segments", explained Pascu.
 
Daniel Enescu, partner with the market research firm Daedalus, one of the biggest profile players in Romania, thinks that the consumption segment was mainly bolstered by the sales on credit. However, he estimates that this consumption habit will not last more than two-three years.
 
Among the top companies locally, with business in excess of one billion euros, there are also IT&C operators Orange, Vodafone, Interbrands distribution company and energy Lukoil Co. Some other companies, as Romtelecom or Carrefour, are also edging their way up to one billion euros threshold, Business Standard reveals.
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