MOL and Audi Hungária Motor remained the biggest Hungarian companies in terms of revenue last year; the oil company leads business weekly Figyelő's list of Hungary's top 200 companies published on Thursday with revenue of HUF 5,343 bln in 2011, with Audi Hungária Motor taking second place with revenue of HUF 1,736 bln.
Both MOL and Audi Hungária Motor, the Hungarian unit of German vehicle maker Audi, retained their positions from 2010; however, General Electric (GE) Hungary Ipari es Kereskedelmi, which finished fourth in 2010, has overtaken Nokia Komárom to take third place, while the latter was relegated to sixth place in the fresh ranking.
E.On Hungária took fourth place, followed by Samsung Electronics Magyar. The top ten companies include Nokia, Philips Magyarorszag, MVM, Tesco and Magyar Telekom. Among the TOP 200 companies, 158 closed the year 2011 with operating profit, 12 more than in the previous year, while the combined operating profit of the TOP 200 grew 50% over 12 months, while after-tax profit rose 56%, the paper reveals. The TOP 200 companies' combined revenue was almost 10% - or HUF 3,000 billion - more in 2011 than a year earlier. The number of new companies among the top 200 was 31 compared to 24 in the previous year.
Compared to the 2010 list, the top 200 ranking no longer included Malév, gas company EMFESZ, alumina company Mal, dairy company Alföldi Tej, Sara Lee, brewery Borsodi Sörgyar or Groupe SEB, the maker of Tefal products. Bábolna-based agribusiness IKR registered the biggest drop in the ranking, falling 76 places to finish 189th, while FIH Europe, a supplier to Nokia, dropped 58 places. Harman Becker, which makes automobile sound systems, jumped 65 places to finish 84th. Tire maker Hankook Tire doubled revenue to move to 64th place from 112th in 2010. Major automotive companies including the Hungarian unit of the Bosch group, Lear, BorgWarner, LUK Savaria, and Delphi Hungária improved their positions. Among pharmaceutical companies, Egis retained its earlier position, while Sanofi-Aventis/Chinoin, Richter and Teva advanced on the list.