Top 10 Biggest Companies In Europe Based on Market Capitalization (2024 Report)
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Europe has one of the greatest economies in the world, with a cumulative GDP of roughly $15.16 trillion as of 2020, despite being the second-smallest continent in the globe. Europe, home to more than 746.4 million people, has developed an industrialized economy through agriculture, specialization in services, and industrialization. The region's history of innovation dating back to the first industrial revolution is responsible for its successful development. Furthermore, the European Union has opted for the interconnectedness policy that has worked well for its 27 member nations.
We'll examine the top ten most valuable companies in Europe in this article.
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| Top 10 Largest Companies In Europe By Market Capitalization Today |
Top 10 Largest Companies In Europe By Market Capitalization
1. NOVO NORDISK A/S
Sector: Pharmaceuticals and Healthcare
The healthcare organization Novo Nordisk AS (Novo Nordisk), a division of Novo Holdings AS, is dedicated to the discovery, development, and production of biological medicines. It focuses on developing medications to treat diabetes and other severe chronic illnesses like obesity, rare blood and endocrine diseases, hemophilia, and disorders involving human growth hormone (HGH).
Pre-filled insulin delivery systems, glucagon hypokits, cartridges, needles, vials, insulin, recombinant medications for hemophilia, glucagon, and oral antidiabetic agents are among the products offered by the company. Via subsidiaries in North America, Europe, Asia, Latin America, Africa, the Middle East, and Australia, the company sells its goods. The headquarters of Novo Nordisk are in Bagsvaerd, Denmark.
2. LVMH
Sector: Fashion and Luxury Goods, Non-Alcoholic Beverages, Clothing, Jewellery
The Paris-based holding company LVMH (OTC:LVMHF) is focused on luxury products in a number of sectors, such as jewelry, wine and spirits, and fashion. It is the owner of numerous luxury brands, including Bulgari, Tiffany, Dior, and Moët & Chandon.
LVMH had 5,664 stores as of 2022. LVMH reported 79.18 billion EUR in revenue, 21.01 billion EUR in operating income, and 14.08 billion EUR in net income for the year that ended in December 2022. As of 2022, 196,006 people work for LVMH.
With 75 distinguished brands, a retail network of more than 5,000 locations worldwide, and a projected revenue and net profit of 44.7 billion euros in 2020, LVMH is a group that specializes in luxury goods.
3. ASML HOLDING N.V.
Sector: Technology, Semiconductors, Electronics, Technology Hardware and Instruments
ASML Holding is a Dutch enterprise that focuses on creating and producing cutting-edge semiconductor machinery utilized in integrated circuit manufacturing. The lithography systems of the organization are essential in facilitating the manufacturing of chips that are more compact, rapid, and effective. Due to its cutting-edge technology and top-notch machinery, ASML is now regarded as a reliable partner by semiconductor producers across the globe. The company's ability to adapt to the changing needs of the semiconductor industry and its emphasis on research and development have been key factors in its success.
4. NESTLÉ S.A.
Sector: FMCG, Food Products, Beverages, Dairy Products
Multinational food and beverage giant Nestlé is well-known for a broad range of goods, such as pet care, baby food, dairy products, candy, and coffee. The company owns well-known brands like Nescafé, KitKat, Maggi, Purina, and Nespresso. Nestlé is a multinational company that provides services to customers in a number of markets, with a particular emphasis on nutrition, wellness, and health. The company's success in the European market can be attributed to its commitment to sustainability and diverse portfolio.
5. HERMES INTERNATIONAL
Sector: Luxury Goods, Retail, Fashion and Luxury Goods, Beauty and Personal Care
French luxury design house Hermes was founded in 1837. It specializes in watches, jewelry, perfumes, home furnishings, leather goods, and lifestyle accessories. The massive French fashion brands only hired about 19,000 people despite making about £3.8 billion in profit in 2022. This indicates that Hermes's profit margin per worker is £197,722.
6. L'ORÉAL
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| L'ORÉAL |
Sector: Cosmetics, Beauty and Personal Care, FMCG, Consumer Non Durables
Out of the two French companies listed in the top 100 global companies, L'Oreal is the largest cosmetics company globally. In addition to hair care, it is involved in a variety of products for skin care, hair coloring, makeup, perfume, and sun protection.
L'Oreal markets its 36 brands of cosmetics and beauty products in 150 nations. Several well-known brands associated with L'Oréal include Maybelline, Lancôme, Garnier, Kérastase, and L'Oréal Paris. As of 2022, L'Oreal employed 87,369 people.
7. SAP SE
Sector: Technology, Software and IT, Software Products, Internet of Things
One of the top providers of enterprise software is SAP, which offers solutions for cloud computing, analytics, business operations, and customer experience. Its software programs assist businesses in managing the financial, human resource, supply chain, and customer relationship management aspects of their business operations. SAP has a significant global and European footprint and serves clients in a variety of industries. The company has become a major force in the European technology industry thanks to its creative solutions and dedication to digital transformation.
8. ROCHE HOLDING AG
Sector: Healthcare, Pharmaceutical, Medical Equipment / Instruments, Biotechnology
Roche Holding is a multinational healthcare corporation that works in the diagnostic and pharmaceutical industries. The company's primary focus is on creating and providing cutting-edge medical solutions to treat a range of illnesses, such as cancer, infectious diseases, neurological conditions, and uncommon diseases.
Roche offers medications in the therapeutic domains of immunology, oncology, and other areas. With a broad selection of diagnostic systems and tests, the company leads the diagnostics sector as well. Roche's stance as a major force in the European market has been cemented by its dedication to enhancing healthcare and improving patient outcomes.
9. NOVARTIS AG
Sector: Pharmaceuticals and Healthcare
The healthcare business Novartis AG (Novartis) is dedicated to the research, development, production, and distribution of pharmaceutical products, both brand-name and generic, as well as eye care items. It offers medications to treat a variety of illnesses, including solid tumors, immunological disorders, infections, neurological disorders, ophthalmic and respiratory diseases, cardiovascular diseases, dermatological conditions, and hematologic diseases.
Through its BioMedical Research division, Novartis carries out research in a number of disease areas. The company works in the Americas, Europe, the Middle East, Africa, and Asia-Pacific through a network of subsidiaries and offices. The headquarters of Novartis are in Basel, Switzerland.
10. SHELL PLC
Sector: Energy, Oil and Gas, Chemicals, Natural Gas Generation
Shell plc is the name of a British oil and gas company that does business all over the world. They look for oil, clean it up, and sell it along with other goods that have to do with energy. Shell makes chemicals, biofuels, and renewable energy as well. It is one of the six biggest oil companies in the world and one of the world's biggest companies by sales. With more than 86,000 employees around the world, Shell doubled its profits in 2021 to £31 billion the next year. This means that the company made a profit of £365,041 per worker.
Full List of Europe’s Largest Companies by Market Capitalization
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) | CEO |
|---|---|---|---|
| 1 | NOVO NORDISK A/S | $554 billion | Lars Fruergaard Jorgensen |
| 2 | LVMH | $453 billion | Bernard Arnault |
| 3 | ASML HOLDING N.V. | $391 billion | Peter T. F. M. Wennink |
| 4 | NESTLÉ S.A. | $276 billion | Ulf Mark Schneider |
| 5 | HERMES INTERNATIONAL | $259 billion | Axel Dumas |
| 6 | L'ORÉAL | $255 billion | Nicolas Hieronimus |
| 7 | SAP SE | $222 billion | Christian Klein |
| 8 | ROCHE HOLDING AG | $215 billion | Thomas Schinecker |
| 9 | NOVARTIS AG | $211 billion | Vasant Narasimhan |
| 10 | SHELL PLC | $205 billion | Wael Sawan |
| 11 | ASTRAZENECA PLC | $200 billion | Pascal Soriot D.V.M |
| 12 | TOTALENERGIES SE | $158 billion | Patrick Pouyanné |
| 13 | CHRISTIAN DIOR SE | $156 billion | Antoine Arnault |
| 14 | SIEMENS AG | $154 billion | Roland Busch Dipl |
| 15 | HSBC HOLDINGS PLC | $146 billion | Noel Paul Quinn |
| 16 | INDITEX | $139 billion | Oscar Garcia Maceiras |
| 17 | AIRBUS SE | $136 billion | Guillaume M.J.D Faury |
| 18 | SCHNEIDER ELECTRIC SE | $127 billion | Peter W. Herweck |
| 19 | UNILEVER PLC | $123 billion | Hein. M. A. Schumacher |
| 20 | DEUTSCHE TELEKOM AG | $120 billion | Timotheus Hottges |
| 21 | ANHEUSER-BUSCH INBEV SA/NV | $120 billion | Michel Dimitrios Doukeris |
| 22 | SANOFI | $119 billion | Paul Hudson |
| 23 | RIO TINTO PLC | $111 billion | Jakob Stausholm M.S. |
| 24 | AIR LIQUIDE | $109 billion | François Jackow |
| 25 | ALLIANZ SE | $109 billion | Oliver Bate |
| 26 | INVESTOR AB | $77.19 billion | Christian Cederholm |
| 27 | EQUINOR ASA | $76.53 billion | Anders Opedal |
| 28 | MERCK KGAA | $75.03 billion | Belén Garijo |
| 29 | IBERDROLA, S.A. | $74.18 billion | Armando Martínez |
| 30 | VINCI | $72.92 billion | Xavier Huillard |
FAQsWhat does a $1 billion market capitalization mean?When a company has a $1 billion market cap, it means that all of its stock is valued at $1 billion. What elements go into the market capitalization of a company?The total market value of a company's outstanding shares of stock determines its market capitalization. This figure is determined by the stock price of the company at the moment, which is impacted by a number of variables such as investor sentiment, the company's earnings, and the state of the economy. How frequently are the top companies by market capitalization listed?The top 100 companies by market capitalization are subject to change due to the volatile nature of stock prices. Daily alterations may take place, and the list's appearance may vary significantly from year to year. |
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