KInsights Special Report: The K100 ranking of Bulgaria’s largest firms

KInsights Special Report: The K100 ranking of Bulgaria’s largest firms

Giants grow even bigger, with profit margins and revenues expanding at unprecedented rates

© KInsights


Crisis? What crisis? If one looks at the results of the top 100 companies in Bulgaria according to this year's annual K100 ranking of Capital weekly, you would be justified in asking this. There is a simple reason for that and it can be summarized the following way:

Phenomenal revenue growth of 38% and tripling profits - figures that are unprecedented in the last two decades. Part of this growth is due to the recovery from the pandemic, but the big driver has been the price inflation in the electricity, gas, metals and grain sectors, which has accelerated and spilled over to all other sectors.

This has led to some unexpected reshuffling in the rankings, with state companies like the Kozloduy Nuclear Power Plant and (likely) one-time entrants like the grain trader Agro Board assuming unexpectedly high positions.

In the wake of the pandemic, companies from various sectors of the Bulgarian economy have set up different paces for their recovery. For representatives of sectors like energy, metals, and raw materials - as some of the leaders of the rankings - rising inflation has played a crucial and even beneficial role. Despite the optimistic forecasts, however, many are still cautious when it comes to hiring new employees, in anticipation of yet another economic crisis.

Explore KInsights' fourth and last special report for this year, full of compelling company stories, sectoral trends, opinions of CEOs, and, of course, the ranking tables themselves and get all the context you would need for what promises to be a turbulent 2023.

Crisis? What crisis? If one looks at the results of the top 100 companies in Bulgaria according to this year's annual K100 ranking of Capital weekly, you would be justified in asking this. There is a simple reason for that and it can be summarized the following way:

Phenomenal revenue growth of 38% and tripling profits - figures that are unprecedented in the last two decades. Part of this growth is due to the recovery from the pandemic, but the big driver has been the price inflation in the electricity, gas, metals and grain sectors, which has accelerated and spilled over to all other sectors.

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