“One hundred of the largest companies operating in our country generated sales last year that were twice the size of the state budget of the Czech Republic. This clearly shows how important large companies are for our economy,” says BHS chief economist Štěpán Křeček.
The Czech Top 100 Association has created the final version of the annual ranking of the most important companies operating in the Czech Republic. The highest place was traditionally occupied by Škoda Auto, which in 2019 generated sales totaling CZK 459.1 billion. This time, the Energy and Industrial Holding took second place with revenues of 230.0 billion crowns. The third place was occupied by the semi-state ČEZ, which reported revenues of 206.2 billion crowns.
The Taiwanese company Foxconn CZ made it into the top five companies, generating revenues of 152.4 billion crowns last year. It thus finished in fifth place just behind the fourth Agrofert with revenues of 162.0 billion crowns. The top ten also includes Unipetrol, Hyundai Motor Manufacturing Czech, Alpiq Energy SE, Moravia Steel and Continental Barum. An overview of the hundred largest companies can be found in Appendix 1.
If we added up last year’s revenues of the ten largest companies from the Czech Top 100 ranking, we would get to the value of 1,688.7 billion crowns. This is 184 billion more than in 2018. In 2009, when the economic crisis broke out in the Czech Republic, the top ten companies had total sales of 921.3 billion crowns. In ten years, sales have grown by more than four-fifths. However, it should be noted that the top ten companies have changed over the years. Some companies dropped out of it and others fought their way into it.
While the gross domestic product of the Czech Republic reached the level of 5,748.7 billion crowns last year, the 100 largest companies in the Czech Top 100 ranked generated revenues of 3,464.4 billion crowns in the same period. These data show how fundamental the largest companies have on the entire Czech economy. An overview of the development of sales since 1994 can be found in Appendix 2.
Due to the consequences of the coronavirus pandemic, there have been delays in evaluating the results of companies this year. In the end, the processing of the Czech Top 100 ranking was completed, thanks to which the final ranking of companies could be compiled in cooperation with Bisnode. The accounting results for 2019 themselves have not yet been affected by the coronavirus pandemic, so many companies have surpassed record sales in 2018. In 2020, however, the results of many companies can be expected to deteriorate sharply, which may confuse the rankings.
Ing. Štěpán Křeček, MBA
As Chief Economist at BH Securities as, he is responsible for creating macroeconomic and market analyzes. He also communicates with the public and the media. As a guest of television and radio programs, he often comments on current economic events. He is currently one of the most quoted Czech economists. He graduated from the Faculty of Economics at the University of Economics in Prague, where he also works and teaches several subjects. From a professional point of view, it focuses on the analysis of the Czech economy, social systems and public budgets. He has written a number of professional papers on these topics. He enjoys sports, reading and listening to classical music.
BH Securities a.s.
BH Securities is a licensed securities trader and a member of the Prague Stock Exchange. The company was founded in 1993, shortly after the establishment of the capital market in the Czech Republic.
Today, BHS is one of the most important non-bank securities dealers on the Czech capital market and has been providing individualized investment services without changing its name or approach for 25 years.
BHS offers a wide portfolio of investment services. In addition to trading on the capital markets, these are mainly asset management, individual investors’ funds, bond issues and trading, mutual funds and investment gold.