Daily News Hungary | Feb 22, 2019 | 1
These are the biggest companies in Hungary
Figyelő.hu compiled their annual list of the top 200 Hungarian companies: they looked at the companies’ income, their efficiency, their production, and their employees’ salary, writes index.hu.
The total income of the companies that are on the list has grown by 6.3% compared to 2013; their export has grown by 10.4% and their domestic trade has grown by 2.6%.
Among the 200 companies, the number of employees was raised in 113, and the average added value per employee has grown by 13.1%, which is currently 18.3 million HUF. However, not all the companies have improved this much: this number is less than 7.9 million at one fourth of the companies.
Those companies which employed more workers had a total of 23.000 more people employed, than in 2013, while the others dismissed 11.600 workers. The average added value per employee has grown by 13% at the top 200 companies, while the amount of money they used to provide benefits for the workers has only grown by 6.6%. It shows that companies increase the workers’ salaries much slower than their efficiency grows.
|Név||Net income (2014, million HUF)||Profit after tax (2014, million HUF)||Number of employees, 2014|
|1||Mol||4 866 607||-50 866||27 499|
|2||Audi Hungária||2 336 632||100 446||10 868|
|3||General Electric||1 606 427||228 009||10 765|
|4||MVM||1 194 828||-7 768||8 342|
|5||Mercedes-Benz||884 435||20 093||3 428|
|6||Bosch-csoport||822 894||10 787||9 260|
|7||Samsung||704 593||23 940||1 748|
|8||Magyar Telekom||626 447||32 024||11 050|
|9||Tesco||609 707||-68 022||18 611|
|10||E.ON||505 779||n.a.||4 779|
The amount of the companies’ illiquid shares has grown by 4.7% altogether in 2014, but it’s not the same for every company; some of the companies’ shares has decreased, and there are three companies which used their surplus to dividends.
In 2014, the annual result and the dividends paid by savings was more than 925 billion HUF in the case of the top 200 companies, while the increase in capital was only 386 billion HUF. According to Figyelő.hu this can raise some concerns as it show that companies do not wish to improve in the future.
In conclusion, 2014 was a more successful year than 2013 in regards of salaries and outputs. It is interesting, however, that companies do not use their revenue to compensate the workers; this might mean that they are not optimistic about the future.
based on an article of index.hu
translated by Adrienn Sain