TAB MAK DOOEL Probishtip: Five years of continuous growth confirm the strength of the manufacturing sector

The financial results of TAB MAK DOOEL Probishtip for the period 2020-2024 show a company that, in a complex business environment, has managed to significantly increase its volume of operations, strengthen its position among the largest companies in the country, and maintain stable profitability.

In a period marked by global disruptions in supply chains, volatile raw material prices, and significant changes in industrial markets, manufacturing companies faced the need to quickly adapt and maintain competitiveness.

According to data from the Central Registry, the company's revenues in the analyzed period almost doubled - from 3.89 billion denars in 2020 to 7.54 billion denars in 2024.

Revenues grow by more than 94% in a five-year period

At the beginning of the analyzed period, in 2020, TAB MAK generated total revenue of 3,888 million denars .

The following year, the company recorded a significant jump, with revenue growth of 52.66% , reaching 5,936 million denars .

The growth continues in the following years:

§   2022: 6,205 million denars (+4.53%)

§   2023: 7,103 million denars (+14.47%)

§   2024: 7,537 million denars (+6.12%)

In five years, total revenue has increased by 3.65 billion denars , or approximately 94% .

This trend positions the company as one of the examples of long-term growth in the manufacturing sector.

The strongest period of expansion in 2021

The most significant change in financial dynamics is observed in 2021.

Regarding 2020:

§   income increases by more than half;

§   profit before tax grows by 100.76% ;

§   the number of employees increases from 461 to 519.

Profit before tax increases from 266.9 million denars in 2020 to 535.8 million denars in 2021.

This shows that revenue growth during this period was not only accompanied by a larger volume of operations, but also by improved operational efficiency.

Stable profitability in a growth environment

In the five-year period, TAB MAK has continuously achieved positive financial results.

The data shows that the company manages to maintain profitability even in periods with different market conditions.

The highest profit margin was achieved in 2021, while 2022 represents a period of pressure on profitability, which is visible through the 46.64% drop in profit despite revenue growth.

This indicates that the increased workload in that year was accompanied by increased cost pressures.

Improving the position among the largest companies in Macedonia

TAB MAK remained part of the ranking of the largest companies in the country throughout the entire period.

In the 200 Largest and Most Successful , the company improves its position in the first years:

§   2020: 41st place by income

§   2021: 25th place

§   2022: 45th place

§   2023: 32nd place

§   2024: 33rd place

The highest ranking was achieved in 2021, when the company ranked 25th among the largest companies in Macedonia.

Income growth is followed by employment growth

Financial expansion is also accompanied by growth in human capital.

The average number of employees increases by:

§   461 in 2020

§   519 in 2021

§   548 in 2022

§   562 in 2023

§   584 in 2024

Over a period of five years, the company increased its number of employees by 123 people , representing a growth of about 27% .

The combination of income growth and employment growth indicates an expansion of business activity, and not just the effect of changes in market conditions.

The financial indicators of TAB MAK DOOEL Probishtip for the period 2020 - 2024 show a company with a clear growth trend, stable profitability and increased operational activity.

The almost double growth in revenues in a five-year period, the maintenance of a positive financial result, and the improvement of the position among the largest and most successful companies in the country confirm the role of manufacturing as one of the key segments of the Macedonian economy.