A yearbook summarizing the largest companies in Hungary has been published
The Watch TOP200 yearbook will be available at newsagents from next week. It is ranked by the largest and fastest appearing companies in Hungary, relying on the data of Opten Informatikai Kft. This year’s theme of the yearbook focuses on reopening, economic recovery and macroeconomic processes. The editorial staff of Figyelő business weekly has been compiling the ranking of the largest companies for more than 20 years.
It is very difficult to interpret the corporate financial year 2020, as the effects of Covid make it incomparable with other years.
Usually, the processes are likened to the 2008 financial crisis, but then the world economy became scarce in a strike, while the now serious assets were waiting for companies to jump.
Leaders in the global economy have overheated individual markets to some extent, the beneficial effects of which will be seen in years to come.
The distance between top-tier and legal-segment companies has decreased. In 2020, the sales revenue threshold of the TOP200 increased to HUF 57.8 billion, which is 9.7 years higher than in the previous year.
Of course, this alone would have been enough to close the scissors, but the effect was very strongly supported by the fact that the list leader Mol’s turnover dropped completely by 23.8, which pushed the upper value much down.
Growth
Last year, the combined increase of the five companies with the highest sales growth in the TOP200 was HUF 1,151 billion.
However, the five companies with the largest declines in turnover, together, fell by 2,503 billion from the previous year.
It can be clearly seen from the table that due to Covid, the total sales revenue of those operating in the transportation and warehousing sector shrank the most among the top companies.
Overall, the processed also faced a decline in sales, the company knew it had received a number of steadily growing sales revenue in this round, suggesting that their parent company was examining the effects of the coronavirus – which is why it is difficult to find a real trend in 2020.
There were those who now saw the time had come to burden domestic capacities, and there were those who, in a conservative manner, restrained their activity everywhere.
On the other hand, it is clear that whoever held back still clung to his employees. In such a bloody period, for example, the number of T200 companies employed by 2, a total of 6, increased compared to 2019.
I’m delighted that the pandemic in this camp has also “demonstrated tooth protein,” and last year the rate of administrative decline for TOP200 businesses was 3.3 percent.
Market effects
Last year was very ambiguous. Due to the epidemic, it has arisen in the terminology that there are winners and losing companies.
In fact, this is about asking about daily consumer, electronics, and home improvement companies for large and sales of services.
The big losers were tourism and hospitality. The trouble, however, is that 2020 is not suitable for real comparisons, because there was a company that undoubtedly performed poorly or poorly due to the Covid effect, and there was one that fully achieved good or outstanding results from this – so the process cannot be claimed.
Traditionally, at the Observy TOP200 Gala, the Company of the Year, the Financial Enterprise of the Year, and the Innovative Company of the Year award were presented – with the recommendation of the jury invited by the editorial board. The Opten Stability Award and the Provident Social and Utility Award were also awarded at the Observer TOP200 Gala on November 4th. Nemzeti Útdíjfizetési Szolgáltató Zrt. Together with the Transport Science Association presented the Transport Innovation Award, while SPAR Magyarország Kereskedelmi Kft. Presented the SPAR Sustainability Award.
Fees
Company of the Year – Zoltek Zrt.
Financial Enterprise of the Year – K&H Group
Innovative Company of the Year – Master Good Group
Opten Stability Award – Samsung Electronics Magyar Zrt.
Provident Social and Utility Award – Hungarian Ecumenical Relief Organization
NÚSZ – KTE Transport Innovation Award – Attila Aba and Domokos Esztergár-Kiss, developers of the MoveCit project
SPAR Sustainability Award – Henkel Hungary Ltd.
Professional Jury
Borbála Czakó, Founding President of the IoD (Institute of Directors) Hungary, Ambassador of the organization
Éva Hegedüs, President and CEO of Gránit Bank Zrt
Hajnalka Csorbai, Strategic Director of Opten
Szabolcs Ferencz I., President and CEO of FGSZ Földgázszállító Zrt
András Csapó, Deputy CEO of Opus Global Plc
Péter Tálos, Vice President of the Foxconn Group’s operations in Hungary
Bálint Deák, editor-in-chief of Világgazdaság and Figyelő business weekly