List of largest Nordic companies
This article needs to be updated.(July 2021) |
This is a list of the largest companies from the Nordic countries, as determined by different factors. There are several ways of ranking companies, be it by revenue, income, market value or number of employees. Arguably, the most complete list, is the annual Forbes Global 2000 list, a ranking based on four metrics. Of note, IKEA Group, with $37.6 billion in annual revenue and $4.8 billion in annual profit, is not included on the Forbes Global 2000 list.
Largest Nordic companies according to Forbes[]
The Forbes Global 2000 published on 18 April 2012[1] is a ranking of largest companies in the world, by a mix of four metrics: sales, profits, assets and market value. The ranking number shows the ranking among all other Nordic companies on the list, while the number displayed within parenthesis shows the actual ranking among all the companies on the Forbes Global 2000 list.
The ranking is based on the most recent available annual reports, as of April 2012. As a consequence, the data is most likely based on 2011 annual reports and market values are most likely those of April 2012 (unless otherwise noted). Furthermore, the ranking does not take privately or state-owned enterprises into account.
Rank | Company | Headquarters | Industry | Revenue (billion $) |
Profits (billion $) |
Assets (billion $) |
Market value (billion $) |
---|---|---|---|---|---|---|---|
01 (41) | Equinor | Stavanger, Norway | Oil and gas | 111.6 | 13.1 | 127.8 | 81.4[2] |
02 (135) | Nordea | Helsinki, Finland | Banking | 21.7 | 3.4 | 933.8 | 39.7[3] |
03 (152) | A.P. Møller-Maersk | Copenhagen, Denmark | Transportation | 56.1 | 2.6 | 69.8 | 33.7[4][5] |
04 (183) | Volvo | Gothenburg, Sweden | Automotive | 45.0 | 2.6 | 49.7 | 30.2[6][7] |
05 (239) | Ericsson | Stockholm, Sweden | Telecommunication | 32.9 | 1.8 | 19.0 | 19.4[8][9] |
06 (260) | DNB | Oslo, Norway | Diversified financial | 11.6 | 2.2 | 356.1 | 21.1[10] |
07 (280) | SEB | Stockholm, Sweden | Banking | 13.5 | 1.6 | 344.5 | 19.2[11][12] |
08 (282) | Handelsbanken | Stockholm, Sweden | Banking | 10.9 | 1.8 | 358.0 | 23.2[13][14] |
09 (294) | Telia | Stockholm, Sweden | Telecommunications | 15.1 | 2.7 | 35.9 | 30.0[15] |
10 (311) | Swedbank | Stockholm, Sweden | Banking | 10.3 | 1.7 | 270.8 | 19.1[16] |
11 (353) | Telenor | Fornebu, Norway | Telecommunication | 16.4 | 1.3 | 27.8 | 33.9[17] |
12 (432) | Fortum | Espoo, Finland | Utilities | 3.9 | 0.9 | 29.7 | 16.8[18] |
13 (466) | Novo Nordisk | Copenhagen, Denmark | Health care | 11.6 | 3.0 | 10.9 | 90.3[19] |
14 (489) | H&M | Stockholm, Sweden | Retailing | 16.3 | 2.3 | 8.7 | 61.6 |
15 (498) | Danske Bank | Copenhagen, Denmark | Banking | 20.0 | 0.3 | 597.8 | 15.8 |
16 (503) | Sampo Group | Helsinki, Finland | Insurance | 7.2 | 1.3 | 38.3 | 16.3 |
17 (504) | Norsk Hydro | Oslo, Norway | Industrial | 16.3 | 1.1 | 22.2 | 11.7 |
18 (528) | Atlas Copco | Stockholm, Sweden | Capital goods | 13.6 | 0.8 | 14.4 | 19.0 |
19 (563) | Carlsberg Group | Copenhagen, Denmark | Brewery | 11.1 | 0.9 | 25.6 | 12.8 |
20 (573) | Nokia | Espoo, Finland | Technology | 50.1 | -1.5 | 44.6 | 32.8 |
21 (574) | Yara International | Oslo, Norway | Chemical industry | 13.0 | 2.0 | 12.1 | 13.3 |
22 (578) | Sandvik | Sandviken, Sweden | Capital goods | 13.6 | 0.8 | 14.4 | 19.0 |
23 (707) | Skanska | Stockholm, Sweden | Construction | 17.2 | 1.1 | 11.8 | 7.5 |
24 (765) | UPM-Kymmene | Helsinki, Finland | Materials | 13.0 | 0.6 | 19.3 | 7.2 |
25 (845) | SKF | Gothenburg, Sweden | Manufacturing | 9.6 | 0.9 | 8.5 | 11.5 |
26 (902) | Stora Enso | Helsinki, Finland | Manufacturing | 14.2 | 0.4 | 16.7 | 6.0 |
27 (904) | Svenska Cellulosa Aktiebolaget | Stockholm, Sweden | Consumer Goods | 11.8 | 0.1 | 20.2 | 12.5 |
28 (937) | Kone | Espoo, Finland | Engineering | 9.5 | 1.2 | 8.4 | 14.9 |
29 (1098) | Electrolux | Stockholm, Sweden | Manufacturing | 14.7 | 0.3 | 10.7 | 6.8 |
30 (1101) | Assa Abloy | Stockholm, Sweden | Manufacturing | 6.1 | 0.6 | 8.1 | 11.2 |
32 (1131) | Investor | Stockholm, Sweden | Diversified financials | 2.8 | -1.3 | 31.2 | 17.0 |
32 (1170) | Tele2 | Stockholm, Sweden | Telecommunications | 5.9 | 0.7 | 6.4 | 8.6 |
33 (1175) | Metso | Helsinki, Finland | Capital goods | 8.6 | 0.5 | 8.4 | 7.3 |
34 (1226) | Autoliv | Stockholm, Sweden | Automotive | 8.2 | 0.6 | 6.1 | 6.2 |
35 (1254) | Orkla Group | Oslo, Norway | Media | 10.2 | -0.1 | 11.1 | 8.2 |
36 (1297) | Kinnevik | Stockholm, Sweden | Investment | 1.3 | 1.0 | 10.2 | 6.3 |
37 (1363) | Storebrand | Oslo, Norway | Insurance | 5.6 | 0.1 | 67.2 | 2.4 |
38 (1373) | TDC A/S | Copenhagen, Denmark | Telecommunications | 4.6 | 0.5 | 11.4 | 6.0 |
39 (1376) | OP-Pohjola Group | Helsinki, Finland | Financial services | 4.9 | 0.3 | 53.3 | 3.7 |
40 (1388) | Aker Solutions | Oslo, Norway | Engineering | 6.1 | 0.9 | 5.6 | 4.5 |
41 (1416) | Gjensidige | Oslo, Norway | Insurance | 3.6 | 0.5 | 14.7 | 5.9 |
42 (1481) | L E Lundbergföretagen | Stockholm, Sweden | Investment | 3.3 | 0.7 | 12.5 | 4.2 |
43 (1488) | Alfa Laval | Lund, Sweden | Manufacturing | 4.2 | 0.5 | 4.8 | 8.7 |
44 (1495) | Neste | Espoo, Finland | Oil refining | 20.0 | 0.2 | 9.4 | 3.1 |
45 (1506) | Wärtsilä | Helsinki, Finland | Manufacturing | 5.6 | 0.6 | 5.8 | 7.2 |
46 (1619) | Boliden AB | Stockholm, Sweden | Mining | 5.8 | 0.5 | 5.5 | 4.6 |
47 (1686) | Jyske Bank | Silkeborg, Denmark | Banking | 1.6 | 0.1 | 47.2 | 2.4 |
48 (1750) | Swedish Match | Stockholm, Sweden | Tobacco | 1.7 | 0.4 | 2.1 | 8.1 |
49 (1816) | Hexagon AB | Stockholm, Sweden | Technology | 2.8 | 0.4 | 6.8 | 7.0 |
50 (1868) | Nokian Tyres | Nokia, Finland | Manufacturing | 1.9 | 0.4 | 2.4 | 6.4 |
51 (1883) | Kesko | Helsinki, Finland | Retail | 12.3 | 0.2 | 5.4 | 3.2 |
52 (1889) | Novozymes | Copenhagen, Denmark | Health care | 1.8 | 0.3 | 2.4 | 7.9 |
53 (1929) | Sydbank | Aabenraa, Denmark | Banking | 1.0 | 0.0 | 26.8 | 1.4 |
54 (1935) | Getinge Group | Getinge, Sweden | Medical technology | 3.2 | 0.4 | 6.0 | 6.6 |
55 (1937) | Coloplast | Copenhagen, Denmark | Medical equipment | 1.8 | 0.3 | 1.6 | 7.3 |
56 (1948) | Vestas | Aarhus, Denmark | Manufacturing | 7.6 | -0.2 | 9.6 | 2.3 |
Divided by country[]
To put a perspective on the differences between the number of companies in the Nordic nations, this list shows the annual number of companies from a given nation, that made the list. Note that Iceland is no longer represented, primarily because of the 2008–2012 Icelandic financial crisis in which several banks collapsed.
Country | 2008-list | 2009-list | 2010-list | 2011-list | 2012-list |
---|---|---|---|---|---|
Sweden | 20 | 22 | 27 | 22 | 25 |
Finland | 16 | 13 | 11 | 12 | 12 |
Norway | 14 | 9 | 10 | 10 | 9 |
Denmark | 9 | 12 | 13 | 10 | 10 |
Iceland | 4 | 0 | 0 | 0 | 0 |
Largest employers[]
This is a list of the largest employers in the Nordic nations, based on the most recent annual reports. Both private and public companies are represented on the list, though public employers are not. IKEA would rank 4 on this list with its 123,000 employees, had its official headquarters been in Sweden instead of in the Netherlands.[20]
Rank | Company | Headquarters | Industry | Employees | Reference date |
---|---|---|---|---|---|
1 | ISS | Copenhagen, Denmark | Facility Management | 534,500 | 2011[21] |
2 | Securitas | Stockholm, Sweden | Security Services | 335,945 | 2016[22] |
3 | Nokia | Espoo, Finland | Technology | 130,050 | 2011[23] |
4 | A.P. Møller-Maersk | Copenhagen, Denmark | Transportation | 117,080 | 2011[24] |
5 | Ericsson | Stockholm, Sweden | Telecommunication | 104,525 | 2011[25] |
6 | Volvo | Gothenburg, Sweden | Automotive | 98,162 | 2011[26] |
7 | H&M | Stockholm, Sweden | Retailing | 64,874 | 2011[27] |
8 | Electrolux | Stockholm, Sweden | Manufacturing | 52,916 | 2011[28] |
9 | Skanska | Stockholm, Sweden | Construction | 52,557 | 2011[29] |
10 | Sandvik | Sandviken, Sweden | Capital goods | 50,030 | 2011[30] |
References[]
- ^ "The World's Biggest Public Companies". Forbes. 2012-04-18. Retrieved 2013-01-03.
- ^ "Statoil Key Statistics". Yahoo Finance. 2012-04-18. Retrieved 2013-01-03.
- ^ "Nordea Bank AB Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "A.P. Møller- Mærsk A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "A.P. Møller- Mærsk B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Volvo AB ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Volvo AB ser B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Ericsson Telefonab L M ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.[permanent dead link]
- ^ "Ericsson Telefonab L M ser B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "DNB ASA Overview". Euroinvestor. 2012-04-18. Archived from the original on 2013-02-16. Retrieved 2013-01-03.
- ^ "Skandinaviska Enskilda Banken A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Skandinaviska Enskilda Banken A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Svenska Handelsbanken ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Svenska Handelsbanken ser B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "TeliaSonera AB Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Swedbank AB ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.[permanent dead link]
- ^ "Telenor Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
- ^ "Fortum Annual Review 2015". Fortum. 2016. Archived from the original on 2016-04-22. Retrieved 2016-09-23.
- ^ "Novo Nordisk A/S Key Statistics". Yahoo Finance. 2012-04-18. Retrieved 2013-01-03.
- ^ "IKEA Fact & Figures". IKEA. 2012-04-18. Retrieved 2013-01-03.
- ^ "ISS Annual Report 2011 (Page 2)". ISS A/S. 2012-04-18. Retrieved 2013-01-03.
- ^ "Securitas Annual Report 2011 (Page 102)" (PDF). Securitas AB. 2012-04-18. Archived from the original (PDF) on 2012-05-15. Retrieved 2013-01-03.
- ^ "Nokia Form 20-A 2011 (Page 48)" (PDF). Nokia Oyj. 2012-04-18. Archived from the original (PDF) on 2013-06-02. Retrieved 2013-01-03.
- ^ "A.P. Moller-Maersk Group Annual Report 2011 (Page 85)" (PDF). A.P. Moller-Maersk Group. 2012-04-18. Retrieved 2013-01-03.
- ^ "Ericsson Annual Report" (PDF). Ericsson. 2012-04-18. Retrieved 2013-01-03.
- ^ "Volvo Annual Report 2011 (Page 48)" (PDF). Volvo. 2012-04-18. Archived from the original (PDF) on 2012-12-09. Retrieved 2013-01-03.
- ^ "H&M Annual Report 2011" (PDF). H&M. 2012-04-18. Retrieved 2013-01-03.
- ^ "Electrolux Annual Report 2011" (PDF). Electrolux. 2012-04-18. Retrieved 2013-01-03.
- ^ "Skanska Annual Report 2011" (PDF). Skanska. 2012-04-18. Retrieved 2013-01-03.
- ^ "Sandvik Annual Report 2011 (Page 3)" (PDF). Sandvik. 2012-04-18. Archived from the original (PDF) on 2012-09-14. Retrieved 2013-01-03.
- Lists of companies of Denmark
- Lists of companies of Finland
- Lists of companies of Iceland
- Lists of companies of Norway
- Lists of companies of Sweden
- Lists of largest private companies by country