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ILINDEN AD: A leader in road infrastructure with outstanding growth and profitability

ILINDEN AD from Struga recorded remarkable revenue and profit growth in 2023, positioning itself as a leader in road and highway construction in North Macedonia.

ILINDEN AD from Struga is a strong symbol of quality and continuity in the construction sector in Macedonia. The company, which specializes in the construction of roads and highways, has recorded impressive growth in revenue and profit, strengthening its position as one of the leading players in the country's infrastructure development.


Financial results that leave an impression

In 2023, ILINDEN AD achieved total revenue of 1,918,030,494 MKD, which is an increase of over 60% compared to 2022, when revenue amounted to 1,195,876,792 MKD. This growth is even more impressive when compared to 2019, when revenue was 789,530,263 MKD – more than a double increase in a five-year period.

The company's profitability is also on the rise. In 2023, pre-tax profit reached 514,886,009 MKD, which is almost three times more than the previous year. Such figures position ILINDEN AD as one of the most successful companies in the country.


High positions on the lists of the largest and most successful

The company took the 35th place on the ranking list of the 200 most successful companies in Macedonia for 2023, jumping from 98th place the previous year. This progress reflects not only excellent financial efficiency, but also the strategic orientation and long-term stability of the business model.

ILINDEN AD again found itself on the list of the 200 largest companies by revenue, taking 154th place in 2023.


Teamwork and Human Capital

With an average of 140 employees in 2023, ILINDEN AD has maintained a stable staffing level, which has fluctuated between 140 and 150 people over the past five years. This balance indicates the company's ability to optimize its resources without compromising the quality or scope of services.

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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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