Zagreb County Companies Enjoy 61 Percent Rise in Earnings

Lauren Simmonds

As many as 8,589 companies with 60,182 employees have their seats in Zagreb County. Last year, they enjoyed revenues of 54 billion kuna, and profits of 1.9 billion kuna.

As Poslovni Dnevnik/Darko Bicak writes on the 13th of August, 2019, the Lidl retail chain, the PIK Vrbovec meat industry and the retailer of medical equipment, Medical Intertrade, were the largest revenue generating companies in Zagreb County last year.

Namely, according to the data taken from the Financial Agency (Fina) in 2018, according to the number of processed annual financial statements, 8,589 companies employing 60,182 workers had their seats in Zagreb County, which is a 6.3 percent increase when compared with the previous year.

Zagreb County’s companies generated total revenues of 54 billion kuna last year, marking a 10.6 percent increase when compared to 2017, and net profits of slightly less than 1.9 billion kuna, marking an impressive 61.3 percent increase.

Gross investment in new fixed assets increased by 13.1 percent when compared to the previous year. Imports increased by 8.6 percent, and exports increased by 9.3 percent, with a trade deficit of 5.4 billion kuna. The average monthly net earning was 5,646 kuna, which marked a welcome increase of 4.2 percent.

In comparison with other counties across the country, Zagreb County ranks an impressive second in total ”entrepreneurial” income and third in net income, according to the labour productivity indicator measured by the ratio of net income to the number of employees, and by the labour productivity indicator measured by the ratio of total income to the number of employees.

According to the number of employees it is in fourth place, and according to the number of companies, it takes fifth place. Velika Gorica, Samobor, Sveta Nedelja and Stupnik are among the top twenty Croatian cities and municipalities at the national level in terms of total income and net profit of companies.

Lidl Croatia (Lidl Hrvatska), with its headquarters in Velika Gorica close to the City of Zagreb, generated 5.2 billion kuna in the largest revenue, numbers which saw it take first place in terms of the generation of both profit and revenue among the companies with their headquarters in Zagreb County. Lidl is the leader in terms of profits, boasting 281 million kuna and 2,060 employees.

PIK Vrbovec, with 1,757 employees and a profit of 86 million kuna, came in second place by the number of employees and third place in terms of profit. Medical Intertrade enjoyed 1.7 billion kuna in revenue, while it remained outside of the top ten in terms of profits and number of employees.

Major players among the companies in Zagreb County include Fliba, Santa Domenica, Zubak Group, Ikea, DIV Group, Hospira, Fero-Term, HKZP, KMG, KIK, Production MK and Oso, MZLZ Land Services.

Make sure to follow our dedicated business page for much more. If it’s just Zagreb and Zagreb County you’re interested in, give Total Zagreb a follow or check out Zagreb in a Page for all you need to know about the capital and the surrounding areas.


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