Slovakia's Top 80 Family Firms Generate Almost €10 Bn in Revenue

Bratislava, 13 June (TASR) - Slovakia's top 80 family-owned companies generated combined revenue of €9.9 billion and nearly €290 million in profit in their latest financial year. Compared with the previous year, revenue increased by around €200 million, while aggregate profit fell by more than €50 million, reflecting developments in both the domestic and global economies. The figures were published by business magazine Forbes Slovakia, which compiled its ranking of the country's leading family-owned companies based on revenue and profit. Packaging group Grafobal Group, owned by entrepreneur Ivan Kmotrik, retained its position as the overall leader in the 2026 Top 80 Family Firms of Slovakia ranking for the second consecutive year. Based on 2024 results, the latest available at the time the ranking was compiled, the group reported revenue of €2.2 billion and pre-tax profit of €13.3 million. In terms of profitability, the most successful company was family-owned betting operator Niké, now led by Roman Berger following the death of his father, Otto Berger. In 2025, Niké posted a record profit of €54.3 million on revenue of €265.4 million. Kosice-based wholesaler Labas and the Fresh retail chain recorded record revenue of €433.2 million in 2024, generating profit of €10.8 million. "The ranking includes ten newcomers compared with last year, while many family businesses did not make it into this elite selection. We decided to set the cut-off at €20 million in revenue, with the additional requirement of reported profit," said Forbes Slovakia journalist Martina Jurinova, who compiled the ranking together with colleague Marek Poracky. The top ten companies in the current ranking accounted for half of the total revenue generated by all firms listed, reaching €5 billion, and contributed more than 40 percent of total profit, or nearly €120 million. Measured by the ratio of revenue to profit, Finby and Finby SSC, owned by the Rintel family, ranked among the most successful companies. They generated profit of €14.6 million on revenue of €41.3 million. Telegrafia Kosice, owned by the Marcak family and one of the ranking's newcomers, reported pre-tax profit of €4.5 million on revenue of €19.8 million. Companies operating in both wholesale and retail accounted for around 40 percent of the total revenue generated by firms in the ranking, equivalent to €4.4 billion. Family-owned businesses in the tourism sector also strengthened their position. Three such companies featured in the latest ranking: Hydrotour, owned by the Milk family; Satur, jointly developed by sisters Eleonora Fedorova and Ludmila Masarikova; and Bubo Travel Agency, in which brothers Lubos and Pavel Fellner hold a majority stake. Together, the three companies generated revenue of €273.7 million in their latest financial year. The Top 80 Family Firms ranking is published on the Forbes Slovakia website. mf/am