The top ten building constructors in Romania last year generated cumulated turnover worth over 3.2bn RON (around 755m euros at an average exchange rate of 4.2373 RON/euro of 2009), says BUSINESS Magazin.
The importance of the top ten, even as their cumulated turnover
does not reach 1bn euros, can be better seen against the total
value of the Romanian construction market, of around 50bn RON
(almost 12bn euros) and against the total number of companies
active in the industry, of around 32,000, according to IBC Focus, a
company specialising in aggregating information from the
constructions and business fields.
The ranking, however, includes only the companies whose core
business is the construction of residential and non-residential
buildings, and not the ones primarily building roads and
highways.
An analysis of a broader ranking, of the 100 largest building
construction companies, shows the sector fared better last year in
terms of profitability. “The total turnover of the 100 construction
companies in 2009 fell by 26% against 2008, showing how much
recession harmed the Romanian constructions sector. On the other
hand, the overall profit of the 100 firms in 2009 soared by 77%
against 2008, from 174m RON (47.2m euros) to 310m RON (73m euros),”
reveals an IBC Focus survey.