Mediafax (Mediafax)
Czech markets  |  September 05, 2012 10:55:06

Škoda Auto has the third largest sales in Central and Eastern Europe


PRAGUE (MEDIAFAX) - The third largest sales in Central and Eastern Europe carmaker Skoda Auto reports, she also defended its leading position among Czech firms from energy group CEZ (6th place overall). It results from the CE Top 500 ranking, published on Wednesday by Deloitte.

"Throughout the crisis Czech companies in the CE Top 500 ranking has continued to grow both in numbers and as a share of total sales. Spite of the relatively poor performance of the Czech economy against Poland and Slovak's not surprising. Principal drivers of Czech companies are big exporters, the problems of our economy are focused on domestic demand, "says the results of the lead partner in Deloitte Czech Republic Josef Kotrba.

In the first twenty companies with the highest sales in Central and Eastern Europe from the Czech companies have placed RWE Transgas (14th place) and Agrofert Holding (19th place). Throughout the ranking of 500 companies with the highest sales volume in the region is from the Czech Republic every sixth.

According to indicators of market capitalization to the first position keeps ago CEZ Polish banks PKO BP and Pekao. The domestic companies are ranked ninth in Commercial Bank and on the 13th position of Telefónica Czech Republic.

The largest companies in the region have shown the same period last year, revenue growth of 9.8 percent, which followed the positive trend from 2010. Total revenues of Czech companies in the ranking increased by 18 percent to 120.3 billion euros (nearly three trillion dollars), equivalent to 17 percent of total sales in the region of € 707.4 billion (17.6 trillion dollars).

Ranking the five hundred best companies TOP 500 CE is presented in consolidated revenues for fiscal year 2011 from 18 countries of Central and Southeast Europe. The evaluation is based on the income reported by the specific legal entity operating in Central and Southeastern Europe. In cases where a return was not available for the fiscal year 2011, analysts Deloitte used the reported income for 2010, representing revenue for 2011.

Jan Soukup, soukupj@mediafax.cz

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