Business fighting the crisis

źródło: Rzeczpospolita

Real estate performing best

źródło: Rzeczpospolita

Fewer companies represent energy sector

źródło: Rzeczpospolita

Most companies come from Poland, Czech Republic and Hungary

źródło: Rzeczpospolita

Revenues grow

źródło: Rzeczpospolita

Companies in our region took advantage of relatively good macroeconomic environment last year. However upcoming quarters may be more challenging

This is the sixth time that we have analysed the revenues of the largest companies in Central Europe (CE), in an attempt to understand how large enterprises respond to market changes. In the light of the deteriorating macroeconomic outlook for the EU, we are able to assess if leading firms from the region have already been negatively impacted by the economic slowdown.

Last year saw a continuation of 2010's economic growth across the region. This was especially strong in Poland (4.3%), Slovakia (3.3%) and the Baltic States. However, along with the weakening of the key European drivers of growth, most particularly the German and French economies, we can already detect early signs of economic slowdown in company results from the first quarter of 2012. By the end of this period, Poland's GDP growth had fallen to 3.8%, while the GDPs of the Czech Republic and Hungary fared even worse, decreasing by -1% and -1.5%, respectively.

Last year saw continued growth among the biggest companies from all the region's countries and industries (except TMT), while average net profitability declined

Gloomy macroeconomic figures

Similar conclusions can be drawn from Deloitte's most recent CFO Survey Report, which presents the opinions of financial directors on the factors with most impact on their businesses. According to the 2012 survey, the majority of respondents anticipate very slow...