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17,25% growth in total revenue in 2022 for the markets

The post-Covid period has turned out even better for the markets. In 2022, the 9 largest markets achieved total revenues of over EUR 908 million or 17.25% more than the previous year.

As in the last few years, KAM maintained its leadership position on the list of the largest markets with a total income of EUR 232 million and a profit of almost EUR 5.1 million. With a convincing difference from the following ranks in terms of income, KAM once again confirmed its place in the market and ranked as the 10th largest and 49th most successful company for 2022.

The second market is KIPPER market, ranked 30th on the list of the largest and 69th on the list of the most successful. Despite being in second place in this sector, KIPPER still records a successful year and revenue growth of 37.6% compared to 2021. KIPPER's balance at the end of the year was close to EUR 137 million in total revenue and EUR 3.6 million in profit before income tax. The company has the highest revenue growth compared to the other markets from this list. Immediately after, in 35th place, is STOKOMAK with an income of EUR 120 million and a profit of EUR 3.5 million before taxation. STOKOMAK is on the 70th place on the most successful list.

Not far behind are TINEX and VEROPULOS, who nevertheless entered the top 50 largest companies with revenues of EUR 100 million for TINEX and EUR 90 million for VEROPULOS. However, VEROPULOS did not give up the first place of the most successful this year either, so the company is the first most successful market in 2022, ranked 26th on the list of the most successful with a profit of EUR 9.8 million.

The 6th place in the sector is taken by KIT-GO markets from Stip ranked 61st largest and 97th most successful with a total income of 78 million euros and a profit of 2.8 million euros. Then follows ZITO markets from Veles ranked 73rd with revenue of EUR 62.9 million and RAMSTORE MACEDONIA in 76th place with revenues of EUR 58.8 million. 

The last 9th place is taken by GRANDPROM-ZUR that is ranked 155th according to total revenues, which amounted to EUR 29.3 million.


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IGM-Trade - Macedonian giant, synonymous with social responsibility

For decades, IGM-Trade has been one of the most successful Macedonian companies, with a leading position in the EU. However, the company invests in social responsibility projects when it is most needed.
Annual edition

The “200 Largest and Successful” review is very helpful for us from the international community. Indeed, the French Embassy is always looking for useful economic indicators and your review allow us to be well informed and to easily identify the most important economic agents of the Macedonian market. Your publication is also one of the best to stay up-to-date with Macedonian fast-moving economy and we are pleased to receive each new edition.

Laurence Auer, French Ambassador in Skopje

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