FEATURES » Italy's largest businesses by Turnover
Italy's largest businesses by Turnover
According to a recent study on the Italian companies with the highest turnover in the period 2016-2015 carried out by “Medio Banca”, large and medium size Italian companies resist to foreign competition in 5 sectors out of six, but foreign groups are gaining ground.
If we consider the car industry, FCA Italy, born out of the merging of Fiat and Chrysler, with headquarters in London for tax purposes, is in the first position with a turnover of 26 billion Euros. The other two brands in this sector, which have maintained the headquarters and production in Italy, are Ferrari (2,8 billion, in the fifth position for turnover) and Maserati (3 Billion, in the third position) being also part of FCA. In the top ten of the auto makers in Italy there are many foreign companies such as Volkswagen, Merceds-Benz, BMW, Renault, Ford, Peugeot, and GM.
Fashion is the leader of Made in Italy. The Medio Banca survey considered the first 30 brands, 16 of which recorded revenues higher than one billion euros. The first is Luxottica (9 billion euros), which merged with the French Essilor and is far ahead of Prada (3.1 billion) and Giorgio Armani (2.5 billion). Then Calzedonia (2.2 billion), OTB of Renzo Rosso (1.5 billion), whose best-known brand is Diesel, Max Mara (1.4 billion), Salvatore Ferragamo (1.4 billion), OVS (1.3 billion), retail chain of the Coin group, D & G (1.3 billion) and Safilo eyewear (1.2 billion). From the eleventh to the twentieth position, with sales of over one billion, we also find Ermenegildo Zegna, Valentino, Benetton, LIR (Geox and Diadora), Moncler and Tod's.
Food is one of the leading ambassadors of Made in Italy in the world. But even in this case there is a foreign group in the first position. Parmalat (controlled by the French Lactalis) ranks first with a turnover of 6.5 billion), ahead of Cremonini (3.6 billion) and Barilla (3.4 billion).
The cultural industry, at least concerning publications, is all Italian. Mondadori (a Fininvest group company that publishes Panorama.it) with a turnover of € 1.3 billion, followed by RCS (controlled by Cairo Communication) with € 968 million, and Gruppo Editoriale L'Espresso (€ 585 million), this year has changed its name to GEDI, after the acquisition of Italiana Editrice (La Stampa and Secolo XIX) in 2016.
Italy is famous for automotive components and machinery for industrial production, but in the first position there is GE Italia Holding, controlled by the American giant General Electric, with a turnover in 2016 of 6.4 billion euro.
In the second position there is Danieli (2.4 billion), producer and installer of steel plants, in the third position there is ABB Italy, subsidiary of the Swiss group that in Italy bills 2.3 billion euros. The others in the classification are: Brembo (2.3 billion), car brakes, ALI (2.1 billion), catering equipment, Sogefi (1.8 billion), automotive components, Ariston (1.5 billion), thermo-sanitary systems, Sacmi (1.4 billion), ceramic machinery, IMA (1.3 billion), packaging machines, and Permasteelisa (1.3 billion), now controlled by the Chinese Grandland and known for the construction of steel architectural facades and glass.
Made in Italy is also furniture design, appreciated all over the world. In the top ten in wood and furniture there are all companies with a turnover of less than one billion euros. This year, at the top of the list there is the Saviola group, the king of recycled wood, with a turnover of 545 million euros in 2016. In second position, there is Friul Intagli Industries (465 million), the largest Italian manufacturer of furniture components, and in the third, Natuzzi sofas (454 million).