Top EBITDA Performers in Europe 2023
Discover the most profitable companies in Europe with our guide. EBITDA is a crucial financial metric used to assess a company's profitability, and we've gathered the latest available data to identify the European companies with the highest EBITDA.
As Europe's economy grows, many companies have seen a significant increase in earnings before interest and taxes. This financial metric is often used to measure a company's profitability and operational efficiency. This article will explore the top European companies with the highest EBITDA.
Companies with the Highest EBITDA: Ranking the Top 10
Royal Dutch Shell, Total SE, and Volkswagen AG are the top three companies on the list, all operating in the oil and gas or automotive industries. Airbus SE, Siemens AG, and LVMH also made the list, representing the aerospace and luxury goods industries.
Nestlé SA, Eni SpA, and BASF SE round out the top ten, with Nestlé SA being the largest food and beverage corporation on the list. Eni SpA and BASF SE focus on sustainability and reducing their environmental impact.

The top European companies with the highest EBITDA demonstrate diverse industries and a commitment to profitability, innovation, and sustainability.
According to our most recent data, we will include the top 10 highest companies in the world with the highest earnings before interest and taxes. Note that the list will go in descending order.
10. Roche I (RO.SW): $26.754 billion in March 2023
Roche is a Swiss multinational healthcare company with an EBITDA of 26.7 billion in March 2023. Roche is a leading pharmaceutical and diagnostics player, strongly focusing on innovation, research, and development.
- Roche's total revenue: $71.980 billion
- Country: Switzerland 🇨🇭
9. Eni S.p.A. (E): $28.672 billion in March 2023
ENI is an Italian multinational energy company with a reported EBITDA of €28.6 billion in March 2023. ENI operates in the oil and gas exploration, production, and refining sectors and actively invests in renewable energy sources such as solar and wind.
- ENI total revenue: $143.446 billion
- Country: Italy 🇮🇹
8. Glencore PLC (GLEN.L): $31.079 billion in March 2023
Glencore is a Swiss commodity trading and mining company with a reported EBITDA of $31.0 billion in March 2023. Glencore operates in the mining, processing, and marketing of metals, minerals, and energy products and has a strong presence in the copper, cobalt, and zinc markets.
- Glencore total revenue: $255.983 billion
- Country: Italy 🇮🇹
7. A.P. Moller (MAERSK-A.CO): $33.648 billion in March 2023
A.P. Moller is a Danish integrated shipping and logistics company with $33.6 billion in March 2023. AP Moller operates in the container shipping, port and terminal management, and logistics and forwarding industries, focusing on sustainability and digitalization. The company is one of the largest container shipping companies in the world and owns the global logistics and transportation company Maersk.
- A.P. Moller's total revenue: $81.529 billion
- Country: Denmark 🇩🇰
6. Deutsche Telekom AG (DTE.DE): $34.988 billion in March 2023
Telekom is a German telecommunications company with a reported EBITDA of £34.9 billion as of March 2023. Deutsche Telekom is one of the largest telecom companies in Europe, providing mobile, broadband, and fixed-line services to consumers and businesses.
- Telekom's total revenue: $125.879 billion
- Country: Germany 🇩🇪
5. Volkswagen AG (VOW.DE): $37.414 billion in March 2023
Volkswagen is a German multinational automotive company with earnings before taxes of £37.4 billion in 2023. In addition, the company ranks second among the most profitable companies in Europe. Volkswagen is one of the world's largest automakers, with a strong focus on electric and hybrid vehicles and a growing presence in the mobility services sector.
- Volkswagen's total revenue: $300.233 billion
- Country: Germany 🇩🇪
4. BP p.I.c. (BP): $54.252 billion in March 2023
BP is a British multinational oil and gas company with a reported EBITDA of $54.2 billion in March 2023. BP operates in the exploration, production, refining, and marketing of oil and gas and has set ambitious targets to become a net-zero company by 2050.
- BP total revenue: $239.739 billion
- Country: United Kingdom 🇬🇧
3. TotalEnergies SE (TTE): $ 61.762 billion in March 2023

TotalEnergies is a french multinational oil and gas company with an EBITDA of $61.7 billion in March 2023. Total Energies is transitioning towards a low-carbon future with a growing portfolio of renewable energy assets and a commitment to reduce its carbon footprint. In addition, the company has been working to increase its renewable energy portfolio and developing several projects in Europe, Africa, and Asia.
- TotalEnergies total revenue: $263.310 billion
- Country: France 🇫🇷
2. Royal Dutch Shell (SHEL): $78.317 billion in March 2023

Shell is a British-Dutch multinational oil and gas company with a reported EBITDA of $78.3 billion in March 2023. In addition, Shell ranks first among the companies with the highest revenue in Europe. While the company's core business is oil and gas, Shell has gradually shifted its focus towards cleaner energy solutions such as electric vehicle charging, hydrogen, and biofuels. Shell is also involved in the production of chemicals, and its chemicals segment accounts for a significant portion of its earnings.
- Shell total revenue: $381.314 billion
- Country: United Kingdom 🇬🇧
1. Equinor (EQNR.OL): $83.740 billion in March 2023

Equinor is a Norwegian multinational energy company with operations in over 30 countries. The company is involved in oil and gas production, refining, marketing, and renewable energy sources such as wind and solar. Equinor has set a goal to become a net-zero energy company by 2050, investing heavily in renewable energy projects.
- Equinor total revenue: $381.314 billion
- Country: United Kingdom 🇬🇧
Final Thoughts
In conclusion, EBITDA is a crucial financial metric to assess a company's profitability and operational efficiency. As the European economy grows, many companies have seen a significant increase in earnings before interest and taxes.
This article has explored the top European companies with the highest EBITDA, including Royal Dutch Shell, Total SE, and Volkswagen AG. These companies demonstrate diverse industries and a commitment to profitability, innovation, and sustainability. In addition, we have included the top 10 companies in the world with the highest earnings before interest and taxes, highlighting Roche, ENI, Glencore, A.P. Moller, Deutsche Telekom, Volkswagen, BP, and TotalEnergies. These companies come from various sectors, including healthcare, energy, commodities, shipping and logistics, telecommunications, and automotive.
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List of the largest companies from Europe continent rank by ebitda.
Rank | Company | Ebitda | Diff. next | Country |
---|---|---|---|---|
#1 | EQUINORSymbol: EQNR.OL | $ 83.740 billion ($83,740,999,680.00) Eighty Three Billion Seven Hundred Forty Million Nine Hundred Ninety Nine Thousand Six Hundred Eighty | $5.423 billion more than Royal Dutch Shell PLC more by 6.93% | Norway |
#2 | Royal Dutch Shell PLCSymbol: SHEL | $ 78.317 billion ($78,317,002,752.00) Seventy Eight Billion Three Hundred Seventeen Million Two Thousand Seven Hundred Fifty Two | $16.554 billion more than TotalEnergies SE more by 26.8% | United Kingdom |
#3 | TotalEnergies SESymbol: TTE | $ 61.762 billion ($61,762,662,400.00) Sixty One Billion Seven Hundred Sixty Two Million Six Hundred Sixty Two Thousand Four Hundred | $7.509 billion more than BP p.l.c. more by 13.84% | France |
#4 | BP p.l.c.Symbol: BP | $ 54.252 billion ($54,252,998,656.00) Fifty Four Billion Two Hundred Fifty Two Million Nine Hundred Ninety Eight Thousand Six Hundred Fifty Six | $17.070 billion more than VOLKSWAGEN AG more by 45.91% | United Kingdom |
#5 | VOLKSWAGEN AGSymbol: VOW.DE | $ 37.182 billion ($37,182,228,523.00) Thirty Seven Billion One Hundred Eighty Two Million Two Hundred Twenty Eight Thousand Five Hundred Twenty Three | $2.410 billion more than DEUTSCHE TELEKOM AG more by 6.93% | Germany |
#6 | DEUTSCHE TELEKOM AGSymbol: DTE.DE | $ 34.771 billion ($34,771,587,585.00) Thirty Four Billion Seven Hundred Seventy One Million Five Hundred Eighty Seven Thousand Five Hundred Eighty Five | $1.123 billion more than A.P. Møller - Mærsk A A/S more by 3.34% | Germany |
#7 | A.P. Møller - Mærsk A A/SSymbol: MAERSK-A.CO | $ 33.648 billion ($33,648,001,024.00) Thirty Three Billion Six Hundred Forty Eight Million One Thousand Twenty Four | $2.568 billion more than GLENCORE PLC more by 8.26% | Denmark |
#8 | GLENCORE PLCSymbol: GLEN.L | $ 31.079 billion ($31,079,999,488.00) Thirty One Billion Seventy Nine Million Nine Hundred Ninety Nine Thousand Four Hundred Eighty Eight | $2.585 billion more than ENI S.p.A. more by 9.07% | Switzerland |
#9 | ENI S.p.A.Symbol: E | $ 28.494 billion ($28,494,942,644.00) Twenty Eight Billion Four Hundred Ninety Four Million Nine Hundred Forty Two Thousand Six Hundred Forty Four | $1.830 billion more than ROCHE I more by 6.86% | Italy |
#10 | ROCHE ISymbol: RO.SW | $ 26.664 billion ($26,664,928,272.00) Twenty Six Billion Six Hundred Sixty Four Million Nine Hundred Twenty Eight Thousand Two Hundred Seventy Two | $829.599 million more than CHRISTIAN DIOR more by 3.21% | Switzerland |
#11 | CHRISTIAN DIORSymbol: CDI.PA | $ 25.835 billion ($25,835,329,229.00) Twenty Five Billion Eight Hundred Thirty Five Million Three Hundred Twenty Nine Thousand Two Hundred Twenty Nine | $288.507 million more than LVMH more by 1.13% | France |
#12 | LVMHSymbol: MC.PA | $ 25.546 billion ($25,546,821,402.00) Twenty Five Billion Five Hundred Forty Six Million Eight Hundred Twenty One Thousand Four Hundred Two | $2.789 billion more than MERCEDES-BENZ GROUP more by 12.26% | France |
#13 | MERCEDES-BENZ GROUPSymbol: MBG.DE | $ 22.756 billion ($22,756,845,938.00) Twenty Two Billion Seven Hundred Fifty Six Million Eight Hundred Forty Five Thousand Nine Hundred Thirty Eight | $403.845 million more than RIO TINTO PLC more by 1.81% | Germany |
#14 | RIO TINTO PLCSymbol: RIO.L | $ 22.353 billion ($22,353,000,448.00) Twenty Two Billion Three Hundred Fifty Three Million Four Hundred Forty Eight | $1.391 billion more than BAYERISCHE MOTOREN WERKE AG more by 6.64% | United Kingdom |
#15 | BAYERISCHE MOTOREN WERKE AGSymbol: BMW.DE | $ 20.961 billion ($20,961,685,884.00) Twenty Billion Nine Hundred Sixty One Million Six Hundred Eighty Five Thousand Eight Hundred Eighty Four | $1.150 billion more than NESTLE N more by 5.81% | Germany |
#16 | NESTLE NSymbol: NESN.SW | $ 19.811 billion ($19,811,317,663.00) Nineteen Billion Eight Hundred Eleven Million Three Hundred Seventeen Thousand Six Hundred Sixty Three | $291.956 million more than HAPAG-LLOYD AG NA O.N. more by 1.5% | Switzerland |
#17 | HAPAG-LLOYD AG NA O.N.Symbol: HLAG.DE | $ 19.519 billion ($19,519,361,211.00) Nineteen Billion Five Hundred Nineteen Million Three Hundred Sixty One Thousand Two Hundred Eleven | $1.314 billion more than AB INBEV more by 7.22% | Germany |
#18 | AB INBEVSymbol: ABI.BR | $ 18.204 billion ($18,204,999,680.00) Eighteen Billion Two Hundred Four Million Nine Hundred Ninety Nine Thousand Six Hundred Eighty | $200.998 million more than NOVARTIS N more by 1.12% | Belgium |
#19 | NOVARTIS NSymbol: NOVN.SW | $ 18.004 billion ($18,004,000,768.00) Eighteen Billion Four Million Seven Hundred Sixty Eight | $2.638 billion more than ENEL more by 17.17% | Switzerland |
#20 | ENELSymbol: ENEL.MI | $ 15.365 billion ($15,365,706,134.00) Fifteen Billion Three Hundred Sixty Five Million Seven Hundred Six Thousand One Hundred Thirty Four | Italy |
Showing rank from 1 to 20 of 5667 companies