EUROPE’S BIGGEST COMPANIES

TOP 100 listed
companies
in millions of euro
2014 2013 Company name Country Stock exchange Stock symbol Market capitalisation 2014 Y/Y change
52 39 Alro SA Romania BVB ALR 184.7 -19.79%
53 48 SIF Moldova SA Romania BVB SIF2 184.3 8.29%
54 23 Bulgartabac Holding AD Bulgaria BSE 57B 172.9 -56.29%
55 59 Monbat AD Bulgaria BSE 5MB 170.5 26.76%
56 52 SIF Banat Crisana SA Romania BVB SIF1 159.6 0.91%
57 51 SIF Muntenia SA Romania BVB SIF4 158.6 -0.06%
58 58 CB First Investment Bank AD Bulgaria BSE 5F4 157.5 15.23%
59 80 Zentiva SA Romania BVB SCD 147.2 47.94%
60 New Cinkarna Celje d.d. Slovenia LJSE CICG 144.2 96.67%
61 53 CEZ Distribution Bulgaria AD Bulgaria BSE 3CZ 140.0 -8.98%
62 66 AIK Banka A.D. Serbia BELEX AIKB 138.4 5.80%
63 85 Gorenje d.d. Slovenia LJSE GRVG 137.3 47.85%
64 91 Liburnia Riviera Hoteli d.d. Croatia ZSE LRH-R-A 134.1 56.62%
65 67 Chimimport AD Bulgaria BSE 6C4 133.2 11.42%
66 New Croatia Airlines d.d. Croatia ZSE CRAL-R-A 129.2 74.28%
67 98 Turisthotel d.d. Croatia ZSE TUHO-R-A 127.8 67.06%
68 90 Bambi A.D. Pozarevac Serbia BELEX BMBI 127.2 47.43%
69 63 Albena AD Bulgaria BSE 6AB 125.2 -4.02%
70 62 JP Elektroprivreda HZHB Mostar Bosnia and Herzegovina SASE JPEMR 123.5 -5.94%
71 49 SIF Transilvania SA Romania BVB SIF3 120.0 -26.63%
72 74 Alkaloid AD Macedonia MSE ALK 118.4 13.20%
73 65 Dukat Mlijecna Industrija d.d. Croatia ZSE LURA-R-A 117.5 -9.37%
74 New Aerodrom Ljubljana d.o.o. Slovenia LJSE AELG 114.3 113.91%
75 86 Tvornica Cementa Kakanj d.d. Bosnia and Herzegovina SASE TCMKR 111.4 22.34%
76 New Stopanska Banka AD Skopje Macedonia MSE STB 108.2 117.40%
77 60 UniCredit Bank d.d. Bosnia and Herzegovina SASE ZGBMR 107.1 -20.00%
78 88 Conpet SA Romania BVB COTE 106.3 22.40%
79 77 Advance Terrafund REIT Bulgaria BSE 6A6 106.2 2.52%
80 New M+S Hydraulic AD Bulgaria BSE 5MH 104.0 559.49%
81 95 HUP - Zagreb d.d. Croatia ZSE HUPZ-R-A 102.6 24.37%
82 78 Velgraf Asset Management AD Bulgaria BSE 1VX 101.6 1.33%
83 New Letrika d.d. (formerly Iskra Avtoelektrika d.d.) Slovenia LjSE IALG 101.4 117.41%
84 New Crnogorski Elektroprenosni Sistem A.D. Montenegro MNSE PREN 101.3 40.67%
85 70 Energo-Pro Grid AD Bulgaria BSE 2EG 101.1 -9.09%
86 92 Chimimport AD* Bulgaria BSE 6C4P 99.7 18.76%
87 82 Tvornica Duhana Zagreb d.d.*** Croatia ZSE TDZ-R-A 97.5 -0.32%
88 73 JP Hrvatske Telekomunikacije d.d. Bosnia and Herzegovina SASE HTKMR 96.9 -7.69%
89 New SN Holding d.d. Croatia ZSE SNHO-R-A 95.8 78.50%
90 New Sopharma Trading AD Bulgaria BSE SO5 93.4 73.17%
91 New Impact Developer & Contractor S.A. Romania BVB IMP 92.1 283.57%
92 New Arenaturist d.d. Croatia ZSE ARNT-R-A 91.2 75.31%
93 93 Antibiotice S.A. Romania BVB ATB 87.6 4.90%
94 50 Lukoil Srbija A.D. Serbia BELEX LOIL 87.5 -45.55%
95 87 Hidroelektrane na Drini a.d. Visegrad Bosnia and Herzegovina BLSE HEDR-R-A 83.6 -7.50%
96 New Energoprojekt Holding A.D. Serbia BELEX ENHL 82.5 19.79%
97 94 Hidroelektrane na Trebisnjici a.d. Bosnia and Herzegovina BLSE HETR-R-A 81.7 -1.66%
98 New Aluminij d.d. Bosnia and Herzegovina SASE ALUMR 81.6 N/A
99 New Speedy EAD Bulgaria BSE 0SP 81.3 62.50%
100 96 Soja Protein A.D. Serbia BELEX SJPT 79.7 -2.19%
(*) Peferred shares
(**) Delisted on Oct 1, 2014
(**) Delisted on Feb 23, 2015
registered in Southeast Europe with their
regular shares. We excluded from the ranking
two companies listed on the Bucharest Stock
Exchange, but not headquartered in SEE
countries - Erste Group Bank AG (stock symbol
EBS) and New Europe Property Investments Plc.
(stock symbol NEP).
To allow comparison, all local currencies in the
ranking have been converted into euro, using the
respective central bank’s official exchange rate on
the last working day of 2014 and 2013.
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