21 Romanian firms with €2.7 billion turnover and 8,000 employees earn Deloitte’s ‘Best Managed Companies’ certification

21 Romanian entrepreneurial companies, with a combined turnover of EUR 2.7 billion in 2022 and a total of almost 8,000 employees, received the Deloitte “Best Managed Companies” certification for managerial performance analyzed against international best practices, at the end of the second edition of the Best Managed Companies Romania program, organized by Deloitte in partnership with Banca Transilvania, the Bucharest Stock Exchange and the European Bank for Reconstruction and Development.

At this edition, the program attracted over a hundred local companies, of which 40 reached the main stage, that of the workshops and interviews held alongside mixed teams of experts appointed by Deloitte and the partner organizations, in the form of an exercise of analysis and self-analysis of business processes, structured in four pillars – strategy, culture and commitment, innovation and resources, respectively governance and financial aspects.

The companies that received the “Best Managed” certification at the end of this edition are:

• Agricola International (active in the food industry, established in 1992, with 1,990 employees and a turnover of EUR 155 million in 2022),
• Autonom Services (active in the field of mobility services, established in 2006, with 532 employees and turnover of EUR 131.2 million in 2022),
• BICO Industries (active in the field of industrial fabric production, established in 2006, with 445 employees and turnover of EUR 27 million in 2022),
• Bog’Art (active in the construction industry, established in 1991, with 428 employees and a turnover of EUR 109.2 million in 2022),
• Cemacon (active in the field of construction materials, established in 1969, with 330 employees and a turnover of EUR 44.8 million in 2022),
• Dicor Land (active in agriculture, established in 2011, with 195 employees and turnover of EUR 25.3 million in 2022),
• Eturia (active in tourism, established in 2006, with 68 employees and a turnover of EUR 21.3 million in 2022),
• IB Cargo (active in the commercial transports field, established in 2008, with 140 employees and a turnover of EUR 82 million in 2022),
• Impact Developer & Contractor (active in real estate, established in 1991, with 56 employees and a turnover of EUR 44.1 million in 2022),
• One United Properties (active in real estate, established in 2007, with 112 employees and a turnover of EUR 236.5 million in 2022),
• OSCAR Downstream (active in the oil and gas sector, established in 2001, with 490 employees and a turnover of EUR 1.44 billion in 2022),
• Phylosophy Design – Rovere (active in the field of furniture and interior design, established in 2005, with 180 employees and turnover of EUR 26.5 million in 2022),
• RTC Proffice Experience (active in the field of office items and equipment distribution, established in 1994, with 180 employees and a turnover of EUR 36 million in 2022),
• Safeway International Impex (active in the trade of food and non-food products, established in 1994, with 144 employees and a turnover of EUR 31.7 million in 2022),
• Secom Healthcare (active in the trade of premium food supplements, established in 1991, with 209 employees and a turnover of EUR 35.1 million in 2022),
• Simtel Team (active in telecommunications, established in 2010, with 120 employees and a turnover of EUR 27.7 million in 2022),
• TeraPlast (active in the field of polymer processing, established in 1896, with 950 employees and a turnover of EUR 144 million in 2022).

A special recognition, offered within a separate category, went to companies that participated and received the “Best Managed” certification for the second consecutive year:

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• Celco (active in the field of construction materials, established in 1973, with 262 employees and a turnover of EUR 46.3 million in 2022),
• Lidas (active in the food industry, established in 1993, with 488 employees and a turnover of EUR 22.5 million in 2022), R.D.F. (active in agriculture, established in 1995, with 46 employees and a turnover of EUR 62.7 million in 2022),
• Romstyl Impex (active in the commercial transports field, established in 1995, with 423 employees and turnover of 32.6 million euros in 2022).

The initial selection of participants in the second edition of the Romania Best Managed Companies program was made based on the application forms, taking into account the eligibility criteria, among which a turnover of at least EUR 20 million in 2022, and during the main phase 160 representatives of the management teams of the 40companies that had been accepted, together with 64 facilitators from Deloitte, Banca Transilvania, the Bucharest Stock Exchange and the European Bank for Reconstruction and Development held over 700 hours of workshops and interviews. At the end of this stage, the program’s independent jury, which included Radu Hanga, President of the Bucharest Stock Exchange, Cristian Popa, Member of the Board of Directors of the National Bank of Romania, Cristian Nacu, Senior Country Officer, International Finance Corporation, and professor Dorel Paraschiv, Deputy Rector of the Bucharest Academy of Economic Studies, analyzed the conclusions of the workshops and interviews, and decided which are the companies whose organizational and managerial practices are best aligned with the international Best Managed Companies standard.

“The second local edition of Best Managed Companies was marked by growth in all aspects of the program: we had more than a hundred local companies interested to join, of which 40 advanced to the workshop stage – double than during the previous edition – , representing no less than 11 different industries and a combined turnover of over 3.7 billion euros. It has been an intense journey, along which we benefited from the remarkable contribution of our partners, BT, the traditional ally of Best Managed Companies Romania, and, starting with this second edition – BSE and EBRD. Together, we are taking important steps towards coagulating a local community of business excellence, contributing at the same time to the maturation and professionalization of the local entrepreneurial environment, to the structuring of business processes, to the search for solutions to concerns that Deloitte, especially through Deloitte Private, finds on the local entrepreneurs’ agenda: governance solutions, financing and openness to collaboration with investment funds, measuring listing potential and IPO preparations, managing succession etc. I would like to extend my congratulations to all the participants, to the certified companies and to those who participated for the second time and were once again certified, as well as to those who did not succeed in obtaining the recognition, but have undergone together with us the workshops stage; I encourage them to re-enroll, as the international experience of the program shows that repeated participation increases the chances to obtain the certification. I therefore thank everyone, including the program’s partners and members of the jury, and, together with the project team, I look forward to welcoming them at Best Managed Companies Romania 2024,” stated Andrei Burz-Pînzaru, Partner, Deloitte, and leader of the Deloitte Private program in Romania.

Best Managed Companies is one of Deloitte’s longest-running international programs, held annually since 1993, in more than 45 countries on all continents, which analyzes, based on its own methodology, against international best practices, how the business is organized and managed. The first edition in Romania took place in 2022.

The Best Managed Companies initiative is run under the umbrella of Deloitte Private, Deloitte’s program for private companies of all sizes, including local entrepreneurs, SMEs, start-ups and family businesses.