Auto parts manufacturing in Bulgaria 19May

Published by Valentina Gerasimova in Blog | Tagged ,

Glenn Euloth. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic

Highlights and numbers

  • The Manufacture of parts and accessories for motor vehicles industry in Bulgaria was represented by 88 companies at the end of 2013, compared to 78 in the previous year.
  • Statistics show that more than 13,832 were employed in the Manufacture of parts and accessories for motor vehicles sector at the end of 2013, compared to 10,313 in 2012.
Top 20 by Number of Employee
Rank Company 2013 2012
1 SE Bordnetze – Bulgaria EOOD 2,208 2,122
2 Yazaki Bulgaria EOOD 2,021 2,169
3 Sensor-Nite Industrial EOOD 1,185 1,213
4 Integrated Micro-electronics Bulgaria EOOD 1,179 1,131
5 ARKOMAT – BULGARIA EOOD 1,133 633
6 ATES EOOD 953 1,071
7 GRAMMER AD 802 715
8 MONTUPE EOOD 701 671
9 ZENON BG OOD 572 646
10 ALS BULGARIA EOOD 512 398
  • According to market experts, the greatest impact on the development of the Manufacture of parts and accessories for motor vehicles industry has amortisation expenses. In 2013 it stood at BGN 37.9 mln, according to the financial statements of the companies in the industry. In 2012 the figure was BGN 34.5 mln.
  • The companies in the sector earned combined revenues of BGN 1.3 bln in 2013. In annual terms, sales marked an increase of 54% compared to 2012.
  • The highest growth, of 40.78%, was recorded by Manufacture of other parts and accessories for motor vehicles, followed by Manufacture of electrical and electronic equipment for motor vehicles with 24.23%.
  • The average net sales revenue per employee in the Manufacture of parts and accessories for motor vehicles sector amounted to BGN 92,456 in 2013, down by 3.41% compared to 2012.
  • Return on assets (ROA) was 11.21% in 2013, while in 2012 it amounted to 11.15%.
  • The Manufacture of parts and accessories for motor vehicles sector revenues make up 67% to the country’s GDP in 2013, compared to 1.29% for 2012.
  • The average indebtedness of the companies in the sector was BGN 4.6 mln versus BGN 3.5 mln a year ago.
Top 20 by Number of Employee
Rank Company 2013 2012
1 SE Bordnetze – Bulgaria EOOD 2,208 2,122
2 Yazaki Bulgaria EOOD 2,021 2,169
3 Sensor-Nite Industrial EOOD 1,185 1,213
4 Integrated Micro-electronics Bulgaria EOOD 1,179 1,131
5 ARKOMAT – BULGARIA EOOD 1,133 633
6 ATES EOOD 953 1,071
7 GRAMMER AD 802 715
8 MONTUPE EOOD 701 671
9 ZENON BG OOD 572 646
10 ALS BULGARIA EOOD 512 398
  • The combined costs of the companies in the sector reached BGN 1.2 bln in 2013. In annual terms, total expenses rose by 29.37% compared to 2012.
  • The total operating expenses of the companies were BGN 1.2 bln climbing by 30.32% compared with the previous year.
  • Inter-segment comparison shows that Manufacture of electrical and electronic equipment for motor vehicles accounted for 66.36% of the costs, while Manufacture of other parts and accessories for motor vehicles for 33.64%
  • Employment expenses in the Manufacture of parts and accessories for motor vehicles sector rose by 34.50% on the year.
  • The profitability of the companies in the sector measured by their operating earnings, rose by 32.34% y/y to a combined BGN 108.4 mln in 2013. The industry made net profit of BGN 99 mln in 2013.
  • Segment wise, Manufacture of other parts and accessories for motor vehicles registered a 41.52% growth to BGN 53.7 mln, whereas Manufacture of electrical and electronic equipment for motor vehicles recorded a 24.4% growth to BGN 54.6 mln.
  • Operating profit per employee for the industry as a whole was BGN 7,834 in 2013. For comparison, in 2012 it amounted to BGN 7,939.
  • Margins vary for different segments: 11.49% for Manufacture of other parts and accessories for motor vehicles and 6.26% for Manufacture of electrical and electronic equipment for motor vehicles.
  • The Manufacture of other parts and accessories for motor vehicles’s return on equity (ROE) was 21.43% compared to 19.80% in 2012.

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