The Top 10 & Jumpers
CE Top 500
The top ten were dominated by the region’s energy and resources (oil and gas and power) companies, which occupy seven places in the top 10. The revenues of number one (PKN) and number two (MOL) rose by just over a third. Škoda, which rose to third place this year, started to see the benefits of its new growth strategy, which has helped it to achieve a 22.4% growth in revenues.
One faller in this year’s top 10 was ČEZ, the state owned Czech company, which fell from third to fifth place due to a revenue increase of 5.9%, lower than the companies around it in the ranking.
The only new entrant, Polish/Portuguese retailer Jeronimo Martins Dystrybucja (whose revenues rose by 30.3%), can be expected to move up the table even further in years to come, as it implements an intensive store-opening programme. See Table 1 below.
Top 20 jumpers
The 20 Central European companies that have made the largest leap up the Top 500 ranking in 2011 are clustered in Poland, Ukraine and the Czech Republic, with Hungary and Slovenia contributing one entry each.
While several are subsidiaries of major global parent organisations, many are local organisations, emphasising the region’s strengths in natural resources businesses such as energy and metals. See Table 2 below.