TREND TOP 2018 Awards: Vyhrali Meško, Eset and Jaguar Land Rover | company


For the twentieth time, the economic weekly TREND has awarded annual awards for extraordinary business results in the category Business of the Year, Bank of the Year and Insurance Company of the Year. Readers TRENDU and, along with the personalities of the economy, once again voted for the Manager and Investor of the Year.

The company for the year 2018 became a company for the sixth time EsetThe prize for the most successful bank took after last year's second place Slovenská sporiteľňa, The position of the most successful insurer gains Allianz – Slovenská poisťovňa.

For the second time, they also passed this price to the tax official of the year. The automaker clearly defended its position Volkswagen SlovakiaThis ranking is developed by a professional guarantor of BMB Leitner.

The man of the year 2018 has become Michal Meško, manager of Martinus – the largest online bookstore in Slovakia. The Investor's title for 2018 has been granted Jaguar Land Rover Slovakia.

The most successful enterprise, the bank and the insurance company, identified the assessment model comparing the achieved economic results. Otherwise, it is the Manager of the Year, which was chosen by TRENDU readers (50% weight) and the personality of the Slovak economy from the TREND barometer (also 50%). Reader 33% TREND, barometer 33% TREND and 34% KMPG are those who voted for the Investor of the Year.

Prestigious awards were presented by award-winning bosses during a formal evening at the headquarters of the Slovak Philharmonic in Bratislava.

Annual TREND prices for outstanding business results
The company of the year 2018 Bank of the Year 2018 Insurance company from 2018
first Eset, s.r.o. Slovenská sporiteľňa, a.s. Allianz – Slovenská poisťovňa, a.s.
second SaarGummi Slovakia, s.r.o. VUB, a.s. MetLife Europe d.a.c.
third Handtmann Slovakia, s.r.o. Tatra banka, a.s. Generali poisťovňa, a.s.

First set again

Slovak IT giant Eset, after three wins between 2008 and 2010, he finished another hatrick, when for the third time in a row he also took the title of "Company of the Year". With the sale of 470 million euros in a country that has grown by sixteen percent year on year, Eset dominates the Slovak domestic sector. Even greater hegemony can be seen from the point of view of profit after taxation. Its economic performance fell by 11% last year, but reached a staggering € 65.5 million, which means almost two-fifths of the sector's profitability. The continuous development of Eset is the result of excellent business execution, because the company clearly finds and maintains clients in a difficult and changing IT security environment. Almost all sales of foreign markets are generated by Eset, especially in Europe and North America. The company has traditionally been strong in research and development activities that maintain their technology at the forefront of IT security.

For the second year in a row, the silver-haired daughter of a German manufacturer of rubber and plastic gaskets in SaarGummi doors, windows and luggage compartments. Like the entire automotive sector, SaarGummi experienced good times in recent years. The Slovak daughter has been particularly successful in the last two years. The company's profitability is mainly due to the fact that it has expanded its client portfolio after consulting in crisis situations and is increasingly focused on the production of more sophisticated stamps with higher added value. The quality and performance of the Slovak SaarGummi branch is at such a level that it is already a competence center for the whole group of parents.

The third place belongs to the Slovak daughter of a German supplier for the automotive industry Handtmann Slovakia. The company deals in casting and subsequent processing of aluminum components, which are mainly targeted at German premium car manufacturers. Handtmann Slovakia is still growing, and the company's sales have doubled in the last three years. Last year, they exceeded 22 million euros, when they jumped by almost 14 percent compared to the previous year. In the same period, net profit fell by less than eight percent to 1.6 million euros. The profitability of the company is at the level of seven percent, which corresponds to the level of the entire metallurgical sector in Slovakia.

The company rating 2018 automatically includes all non-financial companies that submitted their financial statements to the registry or provided financial data for the last year within a week, so you can not sign up for it.

This year, 438 companies qualified for all qualifying criteria:

  • have completed at least three full years of operation,

  • in 2017, their sales exceeded the threshold of 20 million euros, and EBITDA amounted to more than two million euros,

  • in the last three years have brought positive economic results,

  • by mid-October, they published key management data for 2017 and previous years with which the TRENDU assessment model works.

After a moment, come back to the forehead

After last year's break, when TREND gave the Bank of the Year to VUB Bank, it is again awarded the title Slovenská sporiteľňa. As in the previous year, both banks only received a small point difference in the ranking. In contrast to the rival in the hands of an Italian investor, the publisher had a more balanced result in the indicators assessed. The savings bank was the best in the credit struggle, and even in the case of collecting deposits belonged to financial houses that strengthened them.

As usual, it is one of the most capital-equipped banks, it expects capital as a systemically important bank. VUB also remained a strong competitor to the savings bank last year – even without help with a strong injection, because it received a year back in the form of dividends from its daughter. The third place was defended by Tatra banka, which primarily emphasized the profitability and the possibility of attracting customer deposits.

New insurance winner

After modifying the criteria that better reflected the impact of a one-off life insurance, Allianz – Slovenská poisťovňa won for the second time for the second time as the most profitable insurance company on the market. It helps to keep this as a market share as well as unparalleled profitability. The second place was taken by the Slovak branch of the American insurance company Metlife, which is constantly growing on the life insurance market. Triple is closed by Generali, which after the acquisition of Genertel and European Travel Insurance Company makes an annual increase in the number of new customers, which is demanding on the insurance market for large insurance companies.

The fourth car manufacturer died

The investment of Jaguar Land Rover in a new production plant in Slovakia is one of the largest investments in the automotive industry in Europe in the last ten years. An investment worth 1.4 billion euros for the British manufacturer of luxury cars belonging to Tata Motors Indian Holding is crucial because it will provide it with the new production capacity needed to meet global demand. They pursue the ambitious goal of becoming a strong international player that can compete with established contributions. Fabrika is located in the strategic Nitry Industrial Park, has a production capacity of 150,000 vehicles a year.

Interview with Alexander Wortberg, head of the Slovak Jaguar

In general, the company plans to employ less than three thousand people in Slovakia. Fabrika produces only one model: Land Rover Discovery, whose full production will move from the British Isles to Slovakia in the coming months. The state-owned investment contract also mentions a second phase, which would increase local production to 300,000 cars, a staff turnover of up to 3,900, and a further EUR 520 million. The final decision has not been made yet.

Accountants of the year

Michal Meško returns with the bookshop Martinus Martinus from middle school. First, he ran for him as a programmer and gradually worked as the director of the largest online bookstore in Slovakia. He admits that although he has managerial education, he is not considered a typical manager and never imagined that he would become a manager.

Interview with Michał Meško

Among the other nominees, the general manager of the producer of iron alloys OFZ Branislav Klocok, general director of SNG Alexandra Kusá, general director of Generali Insurance Company, Roman Jurass and general director of Slovalca, Milan Veselý.

Five nominees nominated the weekly TREND editorial board voted by managers in Slovakia as well as registered readers.

Evaluation criteria

(a simplified, more detailed description can be found in TREND TOP 2018)

The Company's assessment system of 2018
Results 2017 (weight in%) 2016 results (weight in%) 2015 results (weight in%)
Change in sales 10 5 1.67
Operating profit + depreciation / revenue 10 5 1.67
Tranches / property together 10 5 1.67
Real estate / cleared property 10 5 1.67
Pure assets / equity 10 5 1.67
Return on capital 10 5 1.67
together 60 thirty 10

Bank's assessment system in 2018

Results 2017 (weight in%) 2016 results (weight in%)
Change in the market share of loans 10
Change in the share in the deposit market 10
Return on capital 15 5
Operating expenses / operating revenues 15 5
Proportionality of own funds / capital adequacy 15 5
Bankruptcy cover 15 5
together 80 20

Insurance Department assessment system 2018

Results 2017 (weight in%)
Change in market share (2017) thirty
Return on equity (2017) thirty
Profitability of insurance (2017) thirty
Solvency II ratio (2017) 10


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