Euromoney announces today the results of its ninth annual ranking of Best managed companies in Central and Eastern Europe (CEE), based on a survey of market analysts at leading banks and research institutes in the region.
The main winner this year is the Turkish mobile phone operator Turkcell, taking the prize of overall best managed company as well as winning the following categories: the most convincing and coherent strategy; best corporate governance; most transparent accounts; most accessible senior management; and best for shareholder value.
Cyfrowy Polsat achieves second place overall, in addition to winning best managed company in Poland.
The survey introduced a new category this year, the best financial exchange, in which the Warsaw Stock Exchange receives top marks, as voted by analysts and researchers.
Polish companies have also taken the regional awards for most improved company, KGHM, and best newly listed company, Alior Bank. PKN Orlen, the Polish oil refiner and petrol retailer, wins best managed company in the oil/gas/chemicals/petrochemicals category.
Sberbank ranks first in the banking and finance category, with BRE Bank in second place and OTP Bank finishing third.
Telecom company Magyar Telekom wins best managed company in Hungary, while Komercni Banka takes the prize in the Czech Republic, a reflection of the bank’s strong commitment to communicating with the market.
The annual Best managed companies in Central and Eastern Europe survey is the most prominent conducted by Euromoney magazine, recognizing corporations in CEE. The survey rewards those companies with the most convincing and coherent business strategies in the region, by industry and country.
The ranking is based on a survey of market analysts at leading banks, consultancy firms and research institutes, focusing on CEE. Respondents are asked to nominate the top-three companies in each of the countries or sectors they cover, bearing in mind market strength, profitability, growth potential, quality of management and earnings.
The full results of these rankings and the survey methodology are available at www.euromoney.com and in the May 2013 edition of Euromoney magazine. The issue was also distributed at the EBRD annual meeting in Istanbul on May 10 and 11.