Top 40 companies in Europe by Revenue in 2022

by Nicolae Buldumac
· 29/05/2023 10:57 · 20 min read
Top 40 companies in Europe by Revenue in 2022

Top 40 companies in Europe by Revenue in 2022


The European Union is a huge economic powerhouse, and home to some of the world's largest companies. In 2021, the top 40 companies in Europe are expected to generate a combined revenue of $5.5 trillion. That's more than the GDP of any country on the continent. Industries like manufacturing, automotive, and retail are among the biggest contributors to this revenue. In this blog post, Global Database will take a closer look at the largest European companies and what makes them so successful.

The last year 2021 was as eventful as the pandemic year of 2020 that preceded it. Unusual events and global changes were regularly taking place in the economy, and in the world in general. Since 2018, businesses and economies have undergone significant changes and that's why we decided to update our 2018 list of companies by revenue 

The EU GDP forecast has been improved to 5.4% in 2021  thanks to a recovery in consumer spending and investment. The percentage decline in unemployment also had an impact on this result. EC GDP growth in 2021 is linked to the recovery of economic activity after the coronavirus pandemic.

*All figures are in USD. M: Millions of USD, B: Billions of USD

*EUR was converted to USD using an average currency rate of 1 EUR to 0.97 USD

 

1. Royal Dutch SHELL  (UnitedKingdom) - $272.66B

 

Did you know that Royal Dutch Shell is the largest company in Europe? This international Petroleum Refining corporation, headquartered in London, England, UK, operates in more than 70 countries. It employs more than 86,000 people and has revenues of $272.66 billion. Royal Dutch Shell is just one of many European companies on the list of Europe's largest companies. This company plays an important role in the continent's economy, and it is important to understand its impact on global markets.

 

2. Volkswagen (Germany) - $312.75B

Volkswagen - is a company that prides itself on producing high-quality vehicles that are accessible to everyone. The company has 313,010 employees, making it one of the largest employers in Europe. With more than 100 years of experience, the company is one of the most experienced and trusted brands in the automotive industry. In 2021, VOLKSWAGEN AG Germany, Europe's largest automotive group, will have revenues of $312.75 billion. So if you're looking for a new car, be sure to check out Volkswagen AG. They are one of the best companies in Europe, and they are sure to have a car that is perfect for you. 

 

3. Glencore (United Kingdom) - $203.75B

Glencore is one of the most profitable companies in Europe. Founded in 1974, Glencore has come a long way and today operates in more than 50 countries. Headquartered in Baar, Switzerland, GLENCORE PLC UnitedKingdom operates in many industries including mining, oil refining, and agriculture. The company has $203.75 billion in revenues and more than 135,000 employees worldwide.

 

4. Total Energies (France) - $186.67B

 

Total Energies is an energy company that produces, sells, and distributes electricity and natural gas. The company has operations in North America, Europe, and Asia. Total Energies is a publicly traded company listed on the New York Stock Exchange and the Toronto Stock Exchange.

Total Energies is one of the top businesses in Europe. The company has a revenue of $186.67 billion. Total Energies employs over 105,476 people. The company is headquartered in Tour Total, Courbevoie, France.

 

5. BP  (United Kingdom) - $164.20B

 

BP is a British multinational oil and gas company headquartered in London, England. It is one of the largest companies in Europe and is also based on the continent. BP engages in oil and gas production and exploration, refining, marketing, transportation, and petrochemical manufacturing. The company has operations in over 70 countries and employs over 60,000 people worldwide. The company's revenue for 2021 is $164.20 billion. 

 

6. Mercedes-Benz Group (Germany) - $173.09B

Mercedes-Benz Group is a German multinational corporation that designs, manufactures, and sells automobiles, trucks, buses, coaches, and sports cars. It is the top company in Europe when it comes to revenue. In 2021, Mercedes-Benz Group AG had a total revenue of $173.09 billion. The company was founded in 1926 by Karl Benz and Gottlieb Daimler and has been a leading producer of luxury cars ever since. With a history of over 130 years, Mercedes-Benz Group AG has become a household name all around the globe.

 

7. Lukoil (Russia) - $147.50B

Lukoil is a Russian multinational oil and gas company headquartered in Europe. It is one of the largest oil companies in the world, and one of the six "supermajors" (the world's largest publicly traded companies by market capitalization) which are active in exploration and production. Lukoil is one of the largest publicly traded vertically integrated oil and gas companies in the world, accounting for about 2% of global oil production and about 1% of proven hydrocarbon reserves. Considering the business intelligence platform Global Database in 2021, Lukoil's revenues were $147.50 billion. Lukoil has a multinational team of professionals and their total number for 2021 is 101,000. 

8. Stellantis (Netherlands) - $147.48B

There's a new player in the European large company market and its name is Stellantis NV. This company is quickly making a name for itself by providing innovative solutions and products to some of the largest companies on the continent. With its headquarters in Amsterdam, Netherlands, Stellantis NV is well-positioned to take advantage of the growing European economy. Stellantis NV is an automobile company created by the merger of Peugeot S.A. (Groupe PSA) and Fiat Chrysler Automobiles N.V. (FCA). The company had 2021 revenues of $147.48 billion and reached 281,595 employees in a considerably short period.

 

9. Allianz (Germany) - $144.09B

Allianz SE is one of the largest companies in Europe. With more than 155,411 employees, it is also the largest employer in Europe. Founded in Berlin in 1890, Allianz has grown into the world's leading insurance company. They offer a wide range of products and services, including life insurance, health insurance, property and casualty insurance, and more. German insurance company Allianz SE reported strong financial results with revenues of $144.09 billion for 2021.

 

10. Gazprom (Russia) - $138.28B

 

Gazprom is a Russian gas company that has been in business since 1989. It is the largest producer of natural gas in the world, and it supplies about one-fifth of Europe's energy needs. Gazprom is also involved in other businesses, including oil production and telecommunications. In 2021, Gazprom's sales revenue rose 62% to $138.28 billion.

 

11. Schwarz Group (Germany) - $133.60B

 

 

The Schwarz Group is one of the largest companies in Europe with revenues of more than 100 billion euros, and to be more precise, the company's revenues for 2021 were $133.60 billion. The company is headquartered in Neckarsulm, Germany, and employs over 500,000 people. Schwarz Group owns many well-known brands, including Lidl and Kaufland. The company focuses on customer satisfaction and offers competitive prices for its products. 

 

12. Fortum (Finland) - $129.78B

Fortum is a Finnish energy company that focuses on electricity, heat, and gas. They are one of the largest energy companies in the Nordic countries, and they provide its services to both businesses and consumers. Fortum was founded in 1998, and they have since grown to become one of the leading energy companies in the Nordic countries. They are headquartered in Helsinki, Finland, and they employ over 19, 933 people. Fortum's revenue for 2021 was $129.78 billion. Fortum's main products and services include electricity generation, heat production, gas distribution, and water treatment.

 

13. Bayerische Motoren Werke (Germany) - $114.67B

 

 

Bayerische Motoren Werke (BMW) is a major German automobile and motorcycle manufacturer. It was founded in 1917 and has its headquarters in Munich, Bavaria. BMW is one of the three major luxury automakers in Europe, along with Audi and Mercedes-Benz. The company's product lineup includes sedans, sports cars, SUVs, minivans, and motorcycles. This company has a rich history dating back to World War I when it was founded as an aircraft engine manufacturer. Analyzing the Global Database business intelligence platform, the company's 2021 revenue was $114.67 billion and the number of employees rose to 118,909. 

 

14. Deutsche Telekom (Germany) - $112.16B

 

If you're looking for a reliable telecommunications company with a strong presence in Europe, Deutsche Telekom is a great option. Headquartered in Bonn, Germany, Deutsche Telekom offers a wide range of services, including cell phone plans, Internet, and television. The company has more than 230 million customers worldwide and is constantly expanding its reach into new markets. Deutsche Telekom has 226,291 employees worldwide. If you're looking for a quality service provider with extensive experience, Deutsche Telekom is worth considering. An analysis of Deutsche Telekom's financial report shows that revenues for 2021 were $112.16 billion.

 

15. AXA (France) - $97.03B

AXA Group is a multinational insurance company with headquarters in France. The company was founded in 1816 and has since grown to become one of the largest insurers in the world. AXA offers a wide range of products and services, including life insurance, health insurance, property and casualty insurance, and more. The company is also involved in asset management and investment banking. The French insurance and investment AXA Group posted a net profit of $97.03 billion, according to its statements. 

 

16. Equinor (Norway) - $90.92B

 

Equinor ASA is one of the top companies with the highest revenue in Norway. The company is also one of the European big companies. Equinor ASA is involved in oil and gas exploration and production, wind power, and other forms of renewable energy. The company has a long history dating back to the early 20th century when it was founded as a Norwegian government-owned petroleum company. Today, Equinor ASA is a publicly traded company with a strong international presence. The company's headquarters are in Stavanger, Norway. 

Equinor ASA is a member of the United Nations Global Compact, an international initiative to promote responsible business practices. Equinor ASA released its 2021 financials. The company's total revenue nearly doubled to $90.92 billion.

 

17. Nestlé (Switzerland) - $87.10B

Nestlé is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. It is the largest food company in the world measured by revenues and is the most valuable company in Europe. With a market capitalization of $263 billion and revenue of $87.10 billion in 2021, Nestlé has operations in 189 countries and employs around 276,000 people. The company was founded by Henri Nestlé and his wife in 1866 as a condensed milk factory.

Nestlé is now a leading manufacturer of food and beverages enjoyed around the world. Nestlé S.A. produces instant coffee, chocolate, ice cream, dairy products, baby food, pet food, pharmaceutical products, and cosmetics. The main brands are KitKat, Nescafe, Nesquik, and Nestea.

 

18. Enel (Italy) - $85.57B

 

Enel is one of the biggest European companies by revenue. It is a multinational energy company that operates in over 30 countries. Enel has a rich history, dating back to 1962 when it was founded as a state-owned enterprise. Enel has about 66,279 employees worldwide. Today, it is one of the world's largest renewable energy operators and the biggest European brand by several employees. Enel is also a leading player in the development of smart grids and electric mobility. If we talk about the financial performance of Enel, Enel showed a 10% increase in revenue at the end of 2021 and it amounted to $85.57 billion. 

 

19. Assicurazioni Generali (Italy) - $82.60B

If you are looking for the richest companies in Europe, look at the insurance sector. Many of the largest companies are located in Europe, and Assicurazioni Generali is one of the largest. Founded in 1831, this Italian company has a long history of providing quality insurance products to clients all over Europe. With more than 70,000 employees and $82.60 billion in revenue, Assicurazioni Generali is a force to be reckoned with in the European insurance market. 

The products and services offered by Assicurazioni Generali:

  • life insurance
  • medical insurance
  • Property and casualty insurance
  • pension products
  • Investment products

Among the many factors that make Assicurazioni Generali an excellent choice for your insurance needs is its high financial rating. The company has an A.M. Best "A" rating (excellent), and Standard & Poor's rates it as "AA-" (very strong). 

 

20. Electricité de France (France) - $81.89B

 

Electricité de France (EDF) is a major French electricity company. It was founded in 1946 and is now the largest producer of electricity in Europe. The company employs more than 165,000 people and has a presence in over 190 countries worldwide. 

EDF is the largest electricity producer in Europe, with a total capacity of over 150 gigawatts (GW). The company owns and operates a fleet of nuclear, hydro, and thermal power plants. EDF is also a major player in the electricity transmission and distribution sector, with a network of over 400,000 kilometres of high-voltage lines

The headquarters of Electricité de France is located in Paris, France. For the fiscal year ended 12/31/2021: Electricite de France SA's revenues increased 22.35% to $81.89 billion.

 

21. Deutsche Post DHL Group (Germany) - $79.17B

 

Deutsche Post DHL Group is one of the largest companies in Europe, with a revenue of over $79.17 billion. The company employs over 592,263 people and has operations in over 220 countries. Deutsche Post DHL Group is headquartered in Bonn, Germany.

The company was founded in 1995 when Deutsche Bundespost (the German postal service) was privatized. Deutsche Post DHL Group is now the world's largest logistics company. The company's services include mail delivery, package delivery, express delivery, and supply chain management.

 

22. E.ON (Germany) - $77.40B

 

E.ON is a leading European energy company. It has operations in over 30 countries and serves around 33 million customers. The company's revenue for 2021 was $77.40 billion. The company is headquartered in Essen, Germany. E.ON provides electricity and gas to business and domestic customers across Europe. 

E.ON has a long history of business in Europe. It was founded in 1999, when two German energy companies, VEBA and Viag, merged. The company has since grown to become one of the largest energy providers in Europe. E.ON is a publicly listed company and is traded on the Frankfurt Stock Exchange. It is one of the largest energy providers in the world and has a strong presence in the European energy market.

 

23. Bosch Group  (Germany) - $76.36B

Bosch, commonly known as Robert Bosch GmbH, is a major European company headquartered in Gerlingen, Germany. It was founded in 1886 by Robert Bosch and is now one of the largest companies in Europe. Some of its major products include automotive components, industrial equipment, consumer goods, and building technology. The company has a rich history and is a major contributor to the European economy. 

The company's products are used in a wide range of industries, including automotive, aerospace, construction, and consumer electronics. In recent years, the company has been a major player in the development of electric vehicles and autonomous driving technology. Robert Bosch Gesellschaft mit beschränkter Haftung is a publicly traded company listed on the Frankfurt Stock Exchange. The business performed much better than expected in 2021 with $76.36 billion in revenue. The European company is headquartered in Robert-Bosch-Platz 1, 70839 Gerlingen, Germany. 

 

24. BASF (Germany) - $76.26B

 

BASF, headquartered in Ludwigshafen, Germany, is the best-performing European chemicals company according to the Global Database platform. The company ranks 24 on the list of the biggest companies in Europe, with a revenue of $76.26 billion in 2021. BASF has more than 111,047 employees worldwide and operates in 18 countries. The company's key products include chemicals, plastics, performance products, agricultural products, and oil and gas. BASF is one of the world's leading chemical companies with a long history of innovative products and solutions. The company was founded in 1865 by Friedrich Engelhorn, who started a dyestuffs factory in Mannheim, Germany. 

 

25. Zurich Insurance Group (Switzerland) - $69.90B

 

Zurich Insurance Group is a famous European company founded in 1872. It is headquartered in Zurich, Switzerland, and employs over 53,535 people worldwide. The company provides insurance products and services to individuals, small businesses, and large corporations. Some of the products and services offered by Zurich Insurance Group AG include property insurance, casualty insurance, automobile insurance, life insurance, disability insurance, and business interruption coverage. The company's revenue for 2021 is $69.90 billion, based on data from the business intelligence platform Global Database.

 

26. Rewe-ZentralFinanz (Germany) - $67.47B

 

Rewe-ZentralFinanz is a European-based company in Germany that offers a variety of financial services to businesses and consumers throughout Europe. They offer a wide range of products and services, including loans, insurance, and investment advice. A staff of 363,633 employees is committed to providing the best possible service to its customers and works hard to maintain its reputation as one of the leading financial institutions in Europe. Business intelligence platform Global Database conducted a data study for the year 2021 and found that the company's revenue was $67.47 billion.

 

27. Tesco (UnitedKingdom) - $63.98B

TESCO PLC is one of the largest company Europe UK. They are a publicly traded company, and its shares are listed on the London Stock Exchange. TESCO PLC operates over 3,400 stores across the United Kingdom, and also has stores in Europe, Asia, and the United States. The company employs over 367,321 people and had a revenue of $63.98 billion in 2021

The company's business model is based on offering a wide variety of products and services to its customers. They offer both food and non-food items and also have a large grocery market. In addition to its retail stores, TESCO PLC also operates an online store.

 

28. Roche Holding (Switzerland) -  $63.84B

 

Roche Holding AG is a Swiss pharmaceutical company that has been in operation for over 150 years. It is the largest company in Europe by revenue, and the biggest company in Europe overall. The company specializes in the development and manufacture of drugs and diagnostics products and employs over 100,920 people worldwide. Roche Holding AG generated a revenue of more than $50 billion in 2017, and in 2021 the company's revenues reached $63.84 billion. 

Roche Holding AG is headquartered in Basel, Switzerland, and was founded in 1896 by Fritz Hoffmann-La Roche. The company has grown significantly since its humble beginnings and now operates in over 100 countries around the world. 

 

29. Airbus (Netherlands) - $52.15B

 

Airbus is a major European aerospace and defence corporation headquartered in Leiden, Netherlands. The company was formed by the merger of French aircraft manufacturer Airbus Industrie and German aerospace firm DaimlerChrysler Aerospace AG in 2000. The company has major operations in France, Germany, Spain, the United Kingdom, and the Netherlands. In addition to producing commercial and military aircraft, Airbus SE also manufactures helicopters, space systems, missiles, and other defence products. The company employs over 126,495 and had revenues of $52.15 billion in 2021.

Airbus SE is one of the major industries in Europe, with a large presence in several countries. The company has a strong focus on research and development and has been involved in several major aerospace projects. Airbus SE has also been active in the development of new technologies, such as electric and autonomous aircraft. 

 

30. Unilever (UnitedKingdom) - $50.95B

 

Unilever PLC is a British-Dutch multinational consumer goods company, headquartered in London, United Kingdom. It is the largest European corporation by revenue. Unilever operates in over 190 countries and employs over 149,000 people worldwide. The company's products include food, beverages, cleaning agents, and personal care products. 

Unilever was formed in 1930 by the merger of Margarine Unie and Lever Brothers. It has made many corporate acquisitions, including Lipton (1971), Brooke Bond (1984), Cheseborough-Ponds (1987), Best Foods (2000), and Ben & Jerry's (2000). 

The company is dual-listed, consisting of Unilever plc, based in London, and Unilever N.V., based in Rotterdam. The two companies operate as a single business, with a common board of directors. According to the business intelligence platform Global Database, the company's revenue for 2021 totalled $50.95 billion.

 

31. AUDI (Germany) - $49.97B

 

Looking at the top annual revenue companies in the world, it's hard not to see German automaker Audi AG (Audi) on the list. With a reported revenue of over $49.97 billion in 2021, Audi is one of the most successful businesses in the world. 

Audi has been able to achieve such great success in large part due to its strong commitment to innovation. The company was one of the first automakers to embrace new technologies like electric and autonomous vehicles, and it has continued to invest in these areas even as other companies have pulled back. The company is headquartered in Ingolstadt, Germany, and considering the data for the year 2021 the company has 90,783 employees.

 

32. HSBC Holdings (United Kingdom) - $49.6B

 

HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. The company provides corporate banking, trading, custody, securities, custody services, capital markets, treasury, private and investment banking, and insurance. It is the world's seventh-largest bank by total assets and the largest in Europe with total assets of $2957.939 billion. HSBC's annual revenue for 2021 was $49.6. The company operates in around 67 countries and territories across Europe, the Asia-Pacific region, North America, Latin America, and the Middle East and North Africa. 

 

33. Swiss Re (Switzerland) - $46.73B

 

Looking for a European insurance company with a long history? Look no further than Swiss Re Switzerland. This company was founded back in 1863 and has been providing quality insurance services ever since. Swiss Re AG Switzerland helps insurers and direct clients to shoulder risks through re/insurance and other solutions. They offer a wide range of products and services and are always looking for new ways to improve their customer experience. Swiss Re reported revenue of $46.73 billion for 2021, driven by strong property and casualty insurance business. If you're looking for a reliable insurer, Swiss Re AG Switzerland is worth considering. 

 

34. Vodafone Group (United Kingdom) - $44.20B

Vodafone Group Plc is a British multinational telecommunications company, with headquarters in London. It has operations in Europe, Africa, the Middle East, Asia Pacific, and the United States. Vodafone owns and operates networks that cover 66 countries and have 434 million customers. Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. As of 2021, the company has $44.20 billion in revenue and 96,506 employees worldwide.

The company was founded in 1984 by Sir Gerry Whent as Racal Telecom Ltd and was originally a subsidiary of Racal Electronics plc, which was demerged from Racal Instruments in 1991. The name Vodafone comes from voice data fone (the latter a sensational spelling of "phone"), chosen by the company to "reflect the provision of voice and data services over mobile phones".

 

35. Imperial Brands (United Kingdom) - $36.17B

 

Imperial Brands PLC is one of the best companies in Europe. They have been in business for over 100 years and are headquartered in the United Kingdom. The company employs over 30,200 and has a strong global presence. They are a leading manufacturer of tobacco products and have a wide range of brands that are popular all over the world. The company's product portfolio includes cigarettes, fine-cut, smokeless tobacco, cigars, and vapour products. According to the report, the global revenue of Imperial Brands amounted to approximately $36.17 billion in 2021.

 

36. Crédit Agricole (France) - $35.56B

There's no doubt that Crédit Agricole is one of the best businesses in Europe. With a rich history dating back to 1894, they have become a leading force in the banking and financial services industry. They offer an extensive range of products and services to their customers, including retail banking, corporate and investment banking, asset management, and more. 

 In terms of revenue, Crédit Agricole generated $35.56 billion in 2021. This made them the fourth largest bank in France and the 36 largest banks in Europe. They have a strong presence in over 50 countries around the world, with over 10 million customers served each day. As one of the leading banks in Europe, Crédit Agricole is a name you can trust.


37. Continental (Germany)  - $34.26B

 

 

Continental AG is the largest industrial manufacturing company in Europe. It is the largest tire manufacturer in Europe and the fourth-largest in the world. The company produces tires for cars, trucks, buses, and motorcycles. It also manufactures brake systems, electronic components, and car interiors. Continental AG employs over 232,023 people worldwide and generated annual revenue of over $34.26 billion last year.

The company was founded in 1871 as a rubber manufacturer. It later expanded into the production of tires and other automotive components. Continental AG has over 170 manufacturing plants in 46 countries. It operates in over 200 countries and sells its products in over 150 markets. The company has its headquarters in Hanover, Germany.


38. J Sainsbury (United Kingdom) - $32.08B

J Sainsbury PLC is one of the most valuable companies in Europe. It is a leading player in the UK food retail market with a strong focus on quality and value. The company has a long history dating back to 1869 when it was founded by John Sainsbury. Today, J Sainsbury PLC is a publicly listed company, and the company's shares are traded on the London Stock Exchange.

The company operates supermarkets, convenience stores, and online grocery businesses. In the UK, J Sainsbury PLC is the second largest food retailer with a market share of 16.4%. 

In recent years, J Sainsbury PLC has been investing heavily in its online grocery business, which now accounts for around 10% of its total sales. The company generated $32.08 billion in revenue last year, according to the business intelligence platform Global Database. The company is also expanding its convenience store business and has plans to open 1,000 new stores in the UK over the next five years.

 

39. Fresenius Management (Germany) - $17.08B

 

Fresenius Management SE is one of the top annual revenue companies in Europe. The company is based in Bad Homburg vor der Höhe, Germany, and has a strong presence in the European market. Fresenius Management SE provides a variety of services including financial management, human resources, and marketing. The company has a strong focus on delivering quality services to its clients. Fresenius SE's annual revenue for 2021 was $17.08 billion, a 7.12% increase from 2020. A staff of 316,078 employees strives to provide the best financial services on the market.

 

40. INA-Holding Schaeffler (Germany) - $13.40B

 

 

INA-Holding Schaeffler GmbH & Co. KG is a holding company based in Germany. It is the parent company of the Schaeffler Group, a leading international supplier of rolling bearings, precision components, and systems for the automotive, aerospace, and industrial sectors. The group employs around 83,297 people in more than 180 locations in over 50 countries. INA-Holding Schaeffler is one of the largest companies in Europe and is ranked among the top 40 business enterprises in terms of revenue. The company's revenue for 2021 was $13.40 billion. 

Top 50 companies in Europe by Revenue in 2018


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