his is the third ranking list in the series published by Forbes.
“Forbes’s list of the 100 largest Polish private companies reflects the condition of the economy and the status of private businesses in Poland. I am delighted to see Polpharma among the top ten companies yet again. We are the leader of the Polish pharmaceutical market and a Polish national champion. As a private company, we can make decisions fast and introduce innovative solutions in a flexible way,” says Markus Sieger, CEO of Polpharma Group.
TOP 10 largest Polish private companies in 2018:
- Cyfrowy Polsat
- CD Projekt
- Dino Polska
- Grupa Maspex
- Toruńskie Zakłady Materiałów Opatrunkowych
The full list of the most valuable private companies with Polish capital can be found in the latest issue of Forbes.
Forbes’s ranking list includes the 100 largest Polish private companies. The ranking list and the methodology were developed in cooperation with Haitong Bank. The following criteria were applied in the ranking process to classify candidates as Polish companies:
a) A company whose majority stake is held by a Polish entrepreneur or a group of entrepreneurs acting jointly;
b) A company whose minority stake is held by a Polish entrepreneur, but who – nevertheless – actively manages or controls the company at a management or supervisory board level.
Enterprise value (EV) determined the company’s position in the ranking list. For companies not listed on the stock exchange (“WSE”), enterprise value was calculated by multiplying their EBIT by a valuation multiplier at an industry-specific rate. The calculation relied on the most recent financial data available for a full trading year (2015 or earlier). The value of equity capital, for indicative purposes, was calculated by subtracting the net debt value from the EV.