Top 10 Largest Companies In EU By Market Cap (2024 Update)
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| Top 10 Largest Companies In EU By Market Cap (2024 Update) |
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The 27 member states that make up the European Union function as a single market.
The EU27 is responsible for about 14% of global goods trade. The three major worldwide participants in international trade are the United States, China, and the European Union.
The largest corporations in the world are based in the European Union, which is a massive economic force. The top 40 European corporations brought in a collective $5.5 trillion in revenue in 2021. That exceeds the GDP of every nation on the continent. The main sources of this revenue are the manufacturing, automotive, and retail sectors. Global Database will examine the main European corporations and the factors that contribute to their success in further detail in this blog post.
Top 10 Largest Companies In EU By Market Cap (2024 Update)
1. Novo Nordisk - Denmark
Market cap: $478.17 B
As of January 2024 Novo Nordisk has a market cap of $478.17 Billion. Based on market capitalization, Novo Nordisk is now ranked 16th globally, based on our data. A publicly listed firm's total market value of its outstanding shares is its market capitalization, often known as its market cap. This figure is sometimes used to determine the value of the company.
READ MORE: Top 10 Largest Companies In Japan By Market Cap (2024 Update)
2. LVMH - France
Market cap: $369.87 B
LVMH was established in 1987 and has its headquarters in Paris, France. With a presence in more than 70 countries, it conducts business globally. LVMH is mostly involved in the luxury goods industry, with a focus on jewelry, watches, apparel, cosmetics, wines, and spirits. Among its well-known labels are Givenchy, Christian Dior, Hennessy, Louis Vuitton, and Moët & Chandon.
3. ASML - Netherlands
Market cap: $281.42 billion
In 1984, when ASML was created as a joint venture between Philips and ASM International, the term 'Advanced Semiconductor Materials Lithography' was chosen and utilized as 'ASM Lithography' to reflect the participants in the joint venture. The ability of ASML's most sophisticated devices to operate at extremely small scales through the production of extremely fine extreme ultraviolet light—just 13.5 nanometers—is a critical feature.
READ MORE: Top 10 Largest Companies In Australia By Market Cap (2024 Update)
4. L'Oréal - France
Market cap: $256.87 B
L'Oréal is a leading French company in the beauty industry with 36 brands, 88,000 workers, and the top spot in the global cosmetics market. Among L'Oréal's consumer product brands are Maybelline New York, Garnier, and L'Oréal Paris. The company's sales in 2021 was €32.3 billion, while its net income was €4.6 billion. L'Oréal's market capitalization as of October 14 is $169.78 billion.
5. Accenture - Ireland
Market cap: $223.41 B
Among the businesses that represent the management consulting and professional services sectors is Accenture, which was the largest Irish firm in terms of sales in 2018. It services the world’s most prominent businesses, nearly 75% of which are included in Fortune Global 500. With over 459,000 employees engaged in consulting, operations, strategy, and other services, Accenture has operations in 120 countries. With $39.1 billion in sales in 2018, the corporation operates in five key directions.
6.Hermès - France
Market cap: $211.38 B
Leading French luxury design business Hermès International Société en commandite par actions (OTC:HESAY), also known as just Hermès, is a manufacturer of leather goods, lifestyle accessories, and other items. With a market valuation of $127.25 billion as of October 14, Hermès International Société en commandite par actions (OTC:HESAY) was ranked #3 on our list of the 15 Most Valuable French Companies in the World.
7.SAP - Germany
Market cap: $185.44 B
Located in Walldorf, Baden-Württemberg, SAP SE is a multinational software business established in Germany. It creates corporate software to oversee customer connections and business processes. The corporation is the world's leading enterprise resource planning (ERP) software vendor. The company supplies cloud-engineered systems, database software, technology (especially under its own brands), and additional ERP software items like human capital management (HCM) software in addition to ERP software.
8. TotalEnergies - France
Market cap: $155.88 billion
The global energy corporation TotalEnergies has its main office in Paris, France. It was formed in 1924. TotalEnergies is a major player in the worldwide energy market, operating in more than 130 countries. The corporation is involved in exploration, production, refining, and selling of oil and gas. In addition, it provides a vast array of goods and services, including natural gas, petroleum products, renewable energy options, and infrastructure for charging electric vehicles. TotalEnergies is renowned for its potent brand identity and dedication to environmentally friendly energy solutions.
9. Siemens - Germany
Market cap: $141.10 B
German city of Munich is home to the global corporation Siemens. 1847 saw its founding. The business has operations in over 200 nations. Digitalization, automation, and electrification are Siemens' main areas of focus. Power generation and distribution systems, industrial automation, medical technologies, and transportation solutions are just a few of the many goods and services they provide. Siemens is well-known for a number of brands, including Siemens Mobility, Siemens Gamesa, and Siemens Healthineers.
10. Inditex - Spain
Market cap: $133.45 B
Inditex operates through the following segments: ZARA, Bershka, and Resto. Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, and Uterqüe are among its other brands. Amancio Ortega Gaona established the business in 1963, and its main office is in A Coruna, Spain.
In summary
That's all about the biggest companies in the EU. Germany was the biggest importer in the union, making up €9.1 billion of the import bill. The Netherlands and Italy also made substantial contributions, importing petroleum worth €5.6 billion and €6.9 billion, respectively.
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