You probably know about the unbelievably rich Apple, Amazon, and Google, but what are the biggest European companies?
With the Swiss medication organizations, the French style and beautifiers organizations, and the German automotive giants, what is it the biggest European company in 2020?
Keep Reading to find out!
Good day, Kings!
This Blog is about the top 10
largest European companies in 2020 by market capitalization.
The market capitalizations are
totally taken as of the 23rd of October 2020. As a short explanation,
market capitalization is the price of one stock multiplied by the number
of stocks.
This implies, assuming you needed to
purchase the whole organization, you would have to pay precisely the worth of
the market capitalization.
10.
Proses :
This Dutch company is the
international internet assets division of South African company
Naspers. The global investment group Proses is the largest consumer
internet company in Europe furthermore, procured an arrangement of worldwide
web firms, including fintech and food delivery systems, resulting in a
total market cap of an incredible 130 billion US dollars.
The products and services of its
investments are used by more than 1.5 billion people in 89
markets. If you like to order food, you probably know about Delivery Hero,
one of Prosus’s many companies.
Udemy, the famous global marketplace
for teaching and learning is another portfolio asset of this massive
company. With China growing more and more influence in today’s world, you
might have heard about Tencent, which is one of the ten biggest companies
in the world.
Did you know that Proses holds an
enormous 31% stake in the Chinese company? Proses is still nothing against
the top spots though, so stick with us to find out about them!
09. ASML :
ASML: (Source: Unsplash)
The second Dutch company on our list is the largest supplier of photolithography systems for the semiconductor industry in the world. The company manufactures machines for the production of integrated circuits and has a superb market capitalization of 157 billion US dollars.
Regarding how important computer
chips are these days, it makes sense that this company is featured on our
list!
08. Unilever :
Unilever: (Source:Unsplash)
Number eight is a company of which
we are sure you are using products daily: Unilever. The British-Dutch
multinational consumer goods company is headquartered in London and
Rotterdam, making it a dual-listed company consisting of Unilever N.V and
Unilever plc.
However, in June this year Unilever
announced that the company is going to merge into Unilever PLC framing one
holding organization to be situated in the UK. With Brexit in mind
surprisingly, they choose to have their headquarters
in the UK, isn’t it?
Anyway, Unilever’s products range
from food, energy drinks, tea, cleaning agents, pet food, chewing gum,
pregnancy tests, beauty products, and personal care to consumer healthcare
products.
Did you know that Unilever is the
largest producer of soap in the world?
It is also one of the oldest
multinational companies, having been founded in 1929. It comes as no
surprise that this company has a market capitalization of 162 billion US
dollars!
Our number one spot has more than 2
times the market capitalization of Unilever, so Keep reading to find out
about that massive company!
07. Novo Nordisk :
Number seven is the Danish
multinational pharmaceutical company Novo Nordisk with its market
capitalization of 165 billion US dollars.
The organization fabricates and
advertises drug items and administrations, above all diabetes care
prescriptions and gadgets.
They are likewise engaged with
hemostasis the executives, developed chemical treatment and chemical
substitution treatment.
Novo Nordisk employs more than
40,000 people and sells its products in 180 countries. It was founded in
1989 and was named as the most sustainable company in the world by
the business magazine Corporate Knights.
06. SAP :
| SAP: (Source: Unsplash) |
Number six is German multinational
software company SAP. SAP makes endeavor programming to oversee business
tasks and client relations.
Especially its enterprise resource
planning software is largely known and used by many of the world’s largest
companies.
SAP is the biggest European
programming organization by income and it's the world's third-biggest traded on
an open market programming organization.
SAP is also the biggest German
company with its market cap exceeding that of Volkswagen, BMW, and
Mercedes manufacturer Daimler combined! SAP is headquartered in Walldorf,
Germany and has offices in 180 countries.
The software giant is also known for
sponsoring the Formula One racing team McLaren, the German football team
TSG 1899 Hoffenheim, NFL teams the New York Giants and New York Jets,
as well as having built the SAP Arena in Mannheim.
With a market capitalization of 176
billion US dollars, almost everything is possible! Which country is the
biggest European company from?
Can you guess it? Keep Reading
to find out if you are right!
05. L’Oreal:
The French personal care company is
the world’s largest cosmetics company and sells products for hair tone,
healthy skin, sun assurance, make-up, scent, and hair care.
Starting in 1919 in the hair color
business, the company soon branched out into other cleansing and beauty
product. The company currently markets over 500 brands and keeps acquiring
other companies, such as The Body Shop in 2006.
Even though the brand L’Oreal itself
is quite known, the company also owns other highly populous brands, such
as Maybelline, Garnier, NYX Professional Makeup, CeraVe, Lancome, Urban Decay,
Roger & Gallet, Vichy and Redken.
It’s totally understandable that
L’Oreal’s market cap reached an impressive 192 billion US dollars!
04. Spoiler alert :
Number four is the first Swiss
company in our list. Spoiler alert: It’s not the last Swiss company you
will hear about it today!
The multinational pharmaceutical
company based in Basel, Switzerland is none other than Novartis, one of
the greatest medication associations on earth.
Novartis' organizations are
partitioned into three working divisions: Innovative Medicines Sandoz
which produces generics and Alcon which produces eyecare products and was spun
off into a separate company in 2019.
Founded in 1996 from the merger of
two Swiss companies, the company’s most demanded areas are Immunology, Hepatology,
Dermatology, Neuroscience, Ophthalmology, and Oncology.
With a market capitalization of 193
billion US dollars, the number 4 spot is definitely earned!
03. LVMH :
 | ||
|
The French global organization and
combination work in extravagance products is settled in Paris. Founded in 1987
through the merger of Louis Vuitton with Moet Hennessy, LVMH
controls around 60 subsidiaries with 75 brands.
As such, the company with the
largest market capitalization in France, namely 253 billion US dollars own
brands like Dom Perignon, Christian Dior, Fendi, Givenchy, Kenzo, Marc
Jacobs, Guerlain, Bulgari, Hublot,
TAG Heuer, Sephora, and Zenith. Recently, LVMH announced the acquisition of
Tiffany & Co for an incredible 16.2 billion US dollars, but LVMH is
currently trying to cancel the process.
According to insider sources, The main reason LVMH wants to cancel the acquisition is that Tiffany
supposedly paid millions in dividends to shareholders even though the company
was hit very hard by the COVID-19 pandemic.
Subsequently, Tiffany filed a lawsuit against LVMH, asking the court to force the acquisition or to
assess damages against the defendant.
The whole process is still ongoing,
so it’s very interesting to see how this failed acquisition will turn out
in the end! Oh, and the company’s CEO is also one of the richest people in
the world and the richest person in Europe!
02. Roche :
Number two is another Swiss company,
Roche.
The global medical care organization
works under two divisions: Pharmaceuticals and Diagnostics. As the largest pharmaceutical company in the world and the leading provider of cancer
treatments globally, the company has an insane market capitalization of
280 billion US dollars.
The company was founded by Fritz
Hoffmann-La Roche in 1896 and introduced Valium and Rohypnol in
1957. Other famous drugs invented by Roche include Roaccutane for acne,
Dormicum for sedation, Klonopin for anxiety, and Tamiflu for influenza.
Relatives of the establishing
Hoffmann and Oeri's families own marginally over a portion of the
offers with voting rights, which means that the company is still
effectively in the hands of its founding family. Interestingly, our
number four Novartis owns a further third of Roche’s shares!
01. Nestlé :
 | ||
|
Number one is the third Swiss company on our list.
I’m pretty sure that everyone who
Reads this Blog has already used at least one product of this massive
corporation! If you know Cheerios, Nescafe, Nespresso, Perrier, Nesquik,
Häagen-Dasz, After Eight or Smarties, you might know that we are talking
about the Swiss multinational conglomerate Nestlé!
It has been the largest food company
in the world, measured by revenues and other metrics, ever since
2014. Founded in 1905 the company has made several acquisitions over the
years.
Even though the company has a
massive market cap of 336 billion us dollars, life isn’t always easy for
Nestle.
The organization has seen different
contentions, confronting analysis and blacklists over its advertising of child the equation as an option in contrast to breastfeeding in non-industrial nations,
its dependence on kid work, and its advancement of filtered water.
Additionally, Nestle has been
engaged with broad association busting movement in Colombia. In September
2017, an examination led by NGO Mighty Earth tracked down that a lot of the
cocoa utilized in chocolate creation by Nestle and other significant chocolate
organizations were filled unlawfully in public stops in Ivory Coast and Ghana.
Still, this didn’t stop Nestle from
snatching the number one spot on our list. Also, did you know that Nestle
owns around 23 percent of L’Oreal? It is just insane to imagine how much
influence this giant has!