The largest Slovakian Headquartered Company is Tatra Banka, which generated Bottom-Line Profits of Euro 162.1 mil in annual 2021, an increase of 53% from 2020 and also an increase of 20% from the Pre-Covid pandemic year of 2019.
The second largest Company is Allianz-Slovenska Poistova, but the most recent year it disclosed its annual earnings was in 2017.
The third largest Company is Tatry Mountain Resorts, which has been just devastated financially by the Covid pandemic. It reported a Bottom-Line Loss of Euro 45.9 mil in its fiscal year ended October 2021, far exceeding the Euro 20.5 mil Bottom-Line Loss in the prior fiscal year 2020. Total Revenues declined by a huge 42% in annual 2021 from 2020.
But a clear bright spot here for Tatry Mountain Resorts is that for the most recent half-year reported from May 1, 2021 to October 31, 2021, its Total Revenues increased by 12% from the prior year's half year and that resulted in a Bottom-Line Earnings Improvement of Euro 17.3 mil or of 63% from a Loss of Euro 27.4 mil in the prior year's second-half to a Euro Loss of 10.1 mil in the most recent second-half-year reported. On the other hand, the current year's first-half Total Revenue decline was a massive 76% from the first-half of the previous year, which resulted in a massive 619% earnings deterioration.
The fourth largest Company is Zentiva, but its most recent disclosure of its annual earnings was in 2015.
The fifth largest Company was Biotka, which hasn't reported its annual earnings in 2021 yet. However, its Bottom-Line Profits in the three prior years were great ..... Euro 2.276 mil in 2020, Euro 2.022 mil in 2019 and Euro 1.128 mil in 2018.
But the best news to the Slovakian economy has to be what's going on in the auto industry in 2021.
The auto industry is just huge to Slovakia. In the most recent year reported, the Slovakian company with by far the highest annual sales in the country was Volkswagen' Slovakia with Euro 9.785 bil, followed at #2 by Kia Slovakia with Euro 4.575 bil.
And just how well did the Parent Companies do in 2021?
Well, Volkswagen's consolidated bottom-line profits increased by a superb 80% to Euro 14.9 bil.
And Kia's consolidated bottom-line profits increased by a blistering 220% to South Korean Won 4.76 trillion.
I'm certain that these two giant auto manufacturers are very pleased with the Slovakian autoworkers' huge contributions here.
