Top 10 Largest Companies in Europe by Market Capitalization in 2023
Loreal, Nestle, and Hermes are among the largest companies in the EU by market cap.
Europe is home to some of the world's largest companies. These companies drive innovation, create jobs, and contribute to the global economy. In this article, we'll look at the largest companies in Europe by market capitalization.
The largest companies in the EU are among various industries, including fashion, healthcare, and personal care. These successful companies are all over Europe, including France, the Netherlands, and Swiss. We will quickly overview each company's market cap and stock price and show you additional info by the end of the article.
#1 LVMH - $436.854 billion in March
LVMH is the most luxurious conglomerate with brands such as Louis Vuitton, Moët & Chandon, and Christian Dior. The French company, owned by the wealthiest man in the EU, recently became the first Europe company to reach a $400 billion market cap. The company's success is partly attributed to its consistently delivering high-quality products resulting in brand recognition.
- Market cap: $436.854 billion in March
- Stock Price: $870.03
- Symbol: MC.PA
- CEO: Bernard Arnault (the wealthiest man in the EU)
- Country: France 🇫🇷
#2 NOVO Nordisk - $323.988 billion in March
NOVO Nordisk is a Danish pharmaceutical company specializing in diabetes care and other chronic diseases. Lars Fruergaard Jørgensena owns the Denmark company with a market cap of over $323 billion. The company's success results in the ability to develop products that meet the needs of patients partly with diabetes.
- Market cap: $323.988 billion in March
- Stock Price: $143.92
- Symbol: NVO
- CEO: Lars Fruergaard Jørgensen
- Country: Denmark 🇩🇰
#3 Nestle - $304.295 billion in March
Nestle is a Swiss multinational food and drink company best known for its chocolate products. With a market capitalization of over $300 billion, the CEO is incredibly pleased with the full-year results, showing a profit compared to the previous year. The company's triumph can be attributed to its diverse range of products, which includes everything from coffee and bottled water to baby food and pet care products.
- Market cap: $304.295 billion in March
- Stock Price: $111.95
- Symbol: NESN.SW
- CEO: Ulf Mark Schneider
- Country: Swiss 🇨🇭
#4 ASML Holding - $304.295 billion in March
ASML Holding is a Dutch semiconductor company that produces equipment used to manufacture computer chips. With a market capitalization of over $600 billion, ASML Holding is the fourth-largest company in Europe. Currently trading at $609.11, and despite the -1.91% drop from the previous closing price of $620.97, our buy indicators still show buy.
- Market cap: $241.803 billion in March
- Stock price: $609.11
- Symbol: ASML
- CEO: Peter Wennink
- Country: Netherlands 🇳🇱
#5 Roche Holding - $227.866 billion in March
ROCHE I is a Swiss pharmaceutical company specializing in developing cancer treatments. With a market capitalization of over $300 billion, ROCHE I ranks fifth on our list of the largest companies in Europe regarding market cap—the company's success results in its ability to develop drugs that have the potential to save lives.
- Market cap: $227.866 billion
- Stock price: $300.79
- Symbol: RO.SW
- CEO: Severin Schwan
- Country: Swiss 🇨🇭
#7 L'Oreal - $214.083 billion in March
L'Oreal is a well-known French multinational cosmetic company that has established itself as one of the leading players in the global beauty industry. With a history dating back to 1909, the company has built a strong brand image through quality products and innovative marketing strategies. L'Oreal's ability to create a loyal customer base has helped the company to maintain a good market cap of $214.083 billion.
- Market cap: $214.083 billion in March
- Stock price: $401.33
- Symbol: OR.PA
- CEO: Nicolas Hieronimus
- Country: France 🇫🇷
#8 Prosus - $204.931 billion in March
Prosus has its headquarters in Amsterdam and is a subsidiary of Naspers, a South African multinational conglomerate. The company has established itself as a leading player in the e-commerce, online classifieds, and food delivery sectors, with a market cap that ranks it among the largest technology companies in the world.
Prosus' success can be attributed to its strategic investments and acquisitions, which have enabled the company to build a strong portfolio of online businesses. The company has made significant investments in companies such as Tencent, Delivery Hero, and Swiggy, which have helped it to establish a presence in key markets and expand its customer base.
- Market cap: $204.931 billion in March
- Stock price: $68.63
- Symbol: PRX.AS
- CEO: Bob van Dijk
- Country: Netherlands 🇳🇱
#9 AstraZeneca PLC - $199.060 billion in March
AstraZeneca is a British-Swedish multinational pharmaceutical company that has recently surpassed Royal Dutch Shell regarding market capitalization. Several factors have contributed to AstraZeneca's recent success and growing market cap.
One of the main reasons for AstraZeneca's growth is its focus on innovation and research, and development. As a result, the company has a strong pipeline of new drugs and treatments in action, particularly in oncology and respiratory disease areas. This has helped to build investor confidence in the company's future growth prospects and potential for increased revenue.
- Market cap: $199.060 billion in March
- Stock price: $64.58
- Symbol: AZN
- CEO: Pascal Soriot
- Country: United Kingdom 🇬🇧
#10 Royal Dutch Shell - $189.785 billion in March
Despite facing challenges in recent years due to lower oil prices and the shift towards renewable energy sources, Royal Dutch Shell has remained a resilient and adaptable company that plays a significant role in the global energy industry. Royal Dutch Shell is a British-Dutch multinational oil and gas company that has established itself as one of Europe's largest and most successful.
Regarding market capitalization, Royal Dutch Shell is one of the largest companies in Europe and a significant contributor to the region's economy. The company's success has been recognized by investors, with its stock price rising steadily over the years.
- Market cap: $189.785 billion in March
- Stock price: $55.55
- Symbol: SHEL
- CEO: Wael Sawan
- Country: United Kingdom 🇬🇧
Final Thoughts
In conclusion, Europe is home to some of the world's largest companies that drive innovation, create jobs, and contribute to the global economy. The largest companies in the EU include LVMH, NOVO Nordisk, Nestle, ASML Holding, ROCHE I, L'Oreal, and Prosus. These successful companies span various industries, including fashion, healthcare, personal care, and technology.
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List of the largest companies from Europe continent rank by market capitalization.
| Rank | Company | Market Cap | Diff. next | Country |
|---|---|---|---|---|
| #1 | LVMHSymbol: MC.PA | $ 450.172 billion ($450,172,781,996.00) Four Hundred Fifty Billion One Hundred Seventy Two Million Seven Hundred Eighty One Thousand Nine Hundred Ninety Six | $91.967 billion more than Novo Nordisk A/S more by 25.67% | France |
| #2 | Novo Nordisk A/SSymbol: NVO | $ 358.205 billion ($358,205,194,240.00) Three Hundred Fifty Eight Billion Two Hundred Five Million One Hundred Ninety Four Thousand Two Hundred Forty | $36.847 billion more than NESTLE N more by 11.47% | Denmark |
| #3 | NESTLE NSymbol: NESN.SW | $ 321.357 billion ($321,357,313,223.00) Three Hundred Twenty One Billion Three Hundred Fifty Seven Million Three Hundred Thirteen Thousand Two Hundred Twenty Three | $54.661 billion more than ASML Holding N.V. - New York Re more by 20.5% | Switzerland |
| #4 | ASML Holding N.V. - New York ReSymbol: ASML | $ 266.695 billion ($266,695,507,968.00) Two Hundred Sixty Six Billion Six Hundred Ninety Five Million Five Hundred Seven Thousand Nine Hundred Sixty Eight | $30.080 billion more than L'OREAL more by 12.71% | Netherlands |
| #5 | L'OREALSymbol: OR.PA | $ 236.614 billion ($236,614,566,022.00) Two Hundred Thirty Six Billion Six Hundred Fourteen Million Five Hundred Sixty Six Thousand Twenty Two | $7.629 billion more than ROCHE I more by 3.33% | France |
| #6 | ROCHE ISymbol: RO.SW | $ 228.985 billion ($228,985,005,208.00) Two Hundred Twenty Eight Billion Nine Hundred Eighty Five Million Five Thousand Two Hundred Eight | $5.023 billion more than PROSUS more by 2.24% | Switzerland |
| #7 | PROSUSSymbol: PRX.AS | $ 223.961 billion ($223,961,550,746.00) Two Hundred Twenty Three Billion Nine Hundred Sixty One Million Five Hundred Fifty Thousand Seven Hundred Forty Six | $10.890 billion more than Astrazeneca PLC more by 5.11% | Netherlands |
| #8 | Astrazeneca PLCSymbol: AZN | $ 213.071 billion ($213,071,314,944.00) Two Hundred Thirteen Billion Seventy One Million Three Hundred Fourteen Thousand Nine Hundred Forty Four | $1.392 billion more than HERMES INTERNATIONAL more by 0.66% | United Kingdom |
| #9 | HERMES INTERNATIONALSymbol: HESAF | $ 211.678 billion ($211,678,461,952.00) Two Hundred Eleven Billion Six Hundred Seventy Eight Million Four Hundred Sixty One Thousand Nine Hundred Fifty Two | $13.933 billion more than Royal Dutch Shell PLC more by 7.05% | France |
| #10 | Royal Dutch Shell PLCSymbol: SHEL | $ 197.744 billion ($197,744,672,768.00) One Hundred Ninety Seven Billion Seven Hundred Forty Four Million Six Hundred Seventy Two Thousand Seven Hundred Sixty Eight | $5.593 billion more than NOVARTIS N more by 2.91% | United Kingdom |
| #11 | NOVARTIS NSymbol: NOVN.SW | $ 192.151 billion ($192,151,215,383.00) One Hundred Ninety Two Billion One Hundred Fifty One Million Two Hundred Fifteen Thousand Three Hundred Eighty Three | $1.877 billion more than Accenture plc more by 0.99% | Switzerland |
| #12 | Accenture plcSymbol: ACN | $ 190.273 billion ($190,273,519,616.00) One Hundred Ninety Billion Two Hundred Seventy Three Million Five Hundred Nineteen Thousand Six Hundred Sixteen | $16.398 billion more than Linde plc more by 9.43% | Ireland |
| #13 | Linde plcSymbol: LIN | $ 173.875 billion ($173,875,183,616.00) One Hundred Seventy Three Billion Eight Hundred Seventy Five Million One Hundred Eighty Three Thousand Six Hundred Sixteen | $16.061 billion more than CHRISTIAN DIOR more by 10.18% | United Kingdom |
| #14 | CHRISTIAN DIORSymbol: CDI.PA | $ 157.813 billion ($157,813,294,767.00) One Hundred Fifty Seven Billion Eight Hundred Thirteen Million Two Hundred Ninety Four Thousand Seven Hundred Sixty Seven | $10.322 billion more than SAP SE more by 7% | France |
| #15 | SAP SESymbol: SAP | $ 147.490 billion ($147,490,930,688.00) One Hundred Forty Seven Billion Four Hundred Ninety Million Nine Hundred Thirty Thousand Six Hundred Eighty Eight | $2.462 billion more than TotalEnergies SE more by 1.7% | Germany |
| #16 | TotalEnergies SESymbol: TTE | $ 145.028 billion ($145,028,218,880.00) One Hundred Forty Five Billion Twenty Eight Million Two Hundred Eighteen Thousand Eight Hundred Eighty | $8.231 billion more than HSBC HOLDINGS PLC more by 6.02% | France |
| #17 | HSBC HOLDINGS PLCSymbol: HSBA.L | $ 136.796 billion ($136,796,365,043.00) One Hundred Thirty Six Billion Seven Hundred Ninety Six Million Three Hundred Sixty Five Thousand Forty Three | $2.302 billion more than SANOFI more by 1.71% | United Kingdom |
| #18 | SANOFISymbol: SAN.PA | $ 134.493 billion ($134,493,464,466.00) One Hundred Thirty Four Billion Four Hundred Ninety Three Million Four Hundred Sixty Four Thousand Four Hundred Sixty Six | $3.193 billion more than Unilever PLC more by 2.43% | France |
| #19 | Unilever PLCSymbol: UL | $ 131.300 billion ($131,300,302,848.00) One Hundred Thirty One Billion Three Hundred Million Three Hundred Two Thousand Eight Hundred Forty Eight | $1.686 billion more than AB INBEV more by 1.3% | United Kingdom |
| #20 | AB INBEVSymbol: ABI.BR | $ 129.614 billion ($129,614,137,109.00) One Hundred Twenty Nine Billion Six Hundred Fourteen Million One Hundred Thirty Seven Thousand One Hundred Nine | Belgium |
Showing rank from 1 to 20 of 6948 companies