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Firms needed an estimated value exceeding HUF 15 bln to qualify for the Top 100, with the top-ranked company surpassing HUF 200 billion. The 27 runner-up companies topped HUF 50 bln, the following 36 were in the HUF 25 bln -50 bln range, and the remaining 37 were HUF 15 bln-HUF 25 bln.
This is only the second decline in the list’s 10-year history, and follows a 9% rise last year. The top 10 firms accounted for 36% of the total value, in line with the decade’s average. B+N Referencia Zrt., a cleaning firm boosted by state tenders, was the biggest employer with more than 17,000 workers (16% of of the Top 100 total), followed by Videoton and Bonafarm group.
The top 10 employ 51% of all staff in the listing. Industrial manufacturers dominate with 21 firms boasting the highe st average value at HUF 65 bln per company, while 55% of companies are based in Central Hungary.
State and municipal firms, foundations, the stock exchange, private equity-owned entities, financial services, and real estate developers are excluded from the list, though construction firms do qualify.
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