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Information agency Credinform prepared a ranking of tobacco manufacturers of Russia.
The companies with the highest volume of revenue were selected for this ranking according to the data from the Statistical Register for the latest available period (for the year 2013). These enterprises were ranked by decrease in the return on sales ratio. Moreover, for the companies from the TOP-10 list it is given the assessment of the market share based on the volume of annual revenue from main activity.
Return on sales (%) shows the share of operating income in sales volume of a company (share of profit in each ruble earned).
Return on sales demonstrates a shareholder and potential investor if company’s operations are profitable or not. The higher is this indicator, the better; the ratio with «minus» sign testifies to that there is an operating loss - expenses are not covered by current sales.
There is no recommended or specified value determined for the mentioned ratio, because it varies strongly depending on the industry and macroeconomic conditions, where each concrete enterprise conducts business.
For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention not only to average values of indicators in the industry, but also to presented combination of financial data and ratios of the enterprise.
|№||Name||Region||Revenue, in mln RUB, for 2013||Return on sales, %||Solvency index GLOBAS-i®||Market share, %|
|1||Philip Morris Izhora CJSC
|Leningrad region||66 229,4||49,1||174 the highest||31,6|
|2||Philip Morris Kuban OJSC
|Krasnodar territory||12 851,0||44,3||223 high||6,1|
|Moscow||16 448,6||30,3||222 high||7,9|
|Rostov region||10 541,8||29,2||238 high||5,0|
|Saint-Petersburg||39 306,0||28,0||225 high||18,8|
|6||British American tobacco-SPB CJSC
|Saint-Petersburg||31 948,2||17,5||208 high||15,3|
|7||Imperial Tobakko Volga LLC
|Volgogradregion||7 689,9||14,2||235 high||3,7|
|8||Kres Neva LLC
|Leningrad region||3 815,0||14,0||186 the highest||1,8|
|Rostov region||7 528,3||7,4||215 high||3,6|
|10||Imperial Tobakko Yaroslavl CJSC
|Yaroslavlregion||3 059,2||7,4||231 high||1,5|
The largest tobacco manufacturers of Russia record a positive return on sales, and the market leader - Philip Morris Izhora CJSC - showed the highest ratio value – 49,1%. The closest competitor in terms of annual revenue, Petro LLC, has a much lower return on sales – 28%.
Picture 1. Return on sales and revenue of the largest tobacco manufacturers of Russia (TOP-10)
The revenue of the largest tobacco manufacturers (TOP-10) made 199,4 bln RUB, according to the last published annual financial statement (for 2013), that is by 6,4% higher, than the ratio of the previous period (187,4 bln RUB).
The three leaders of the Russian tobacco industry: Philip Morris Izhora CJSC, Petro LLC and British American tobacco-SPB CJSC, accumulate 66% of all revenue of the industry.
Today the cumulative investment in the factory Philip Morris Izhora CLSC, which was opened in the Leningrad region in early 2000, exceeds 1,1 bln USD.
The factory produces more than 60 names of such world famous brands of cigarettes as Marlboro, Parliament, Chesterfield, L&M, Bond Street and Next. Currently, the cigarettes manufactured by Philip Morris Izhora CJSC are delivered not only to the Russian market, but also are exported to such countries as Armenia, Kazakhstan, Kyrgyzstan, Moldova, Mongolia, Serbia and Japan.
Petersburg Petro LLC also manufactures products under well-known brands:
- filtered cigarettes: Winston, Camel, Salem, More, Wings by Winston, Mild Seven, Monte Carlo, North Star, Epique, «Russky stil», «Petr 1», «Nasha Prima», «Zolotoy list», «Nevskie», «Kosmos»;
- plain cigarettes: «Prima», «Luch»
- Russian cigarettes: «Belomorkanal».
British American Tobacco Russia closes the Top-3 of the Russian tobacco industry. The portfolio of brands of the company includes such well-known international and domestic brands as Dunhill, Kent, Vogue, Pall Mall, Rothmans of London, Lucky Strike, Viceroy, Yava Zolotaya, Alliance and Yava.
All participants of the TOP-10 list got high and the highest solvency index. This fact signals to potential investors, that the organizations can pay off their debts in time and fully, while risk of default is minimal.