Italy’s Top 10 Major Export Companies

Vatican in Rome, Italy

Vatican in Rome

Four of Italy’s 10 largest companies that directly compete in, or support, international trade transactions are financial institutions.

Another mammoth Italian firm is a competitor in the oil and gas sector, while Telecom Italia sells telecommunications services. A distinguished family of specialty stores, Luxottica Group designs, manufactures and distributes fashion, luxury, sports and performance eyewear.

To give some contextual perspective on recent company performance, the overall value of Italian exports fell by -8% from US$501.5 billion in 2012 to $461.5 billion during 2016. One factor behind the drop in the overall value of Italian exports is depressed oil prices over the past five years.

In the analysis below, we compare Italy’s top 10 export-oriented companies based on asset values, sales and profitability as of May 2017. Also presented is the Italian city where each business has its headquarters.

Italy’s Top 10 Major Export Companies

Assets

Below are Italy’s biggest companies associated with exports organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of May 2017 compared to 2016.

  1. UniCredit Group (regional bank): US$906.6 billion, up 5% from 2016
  2. Intesa Sanpaolo (regional bank): $764.8 billion, up 0.01%
  3. Banca MPS (regional bank): $161.8 billion, down -6.4%
  4. Eni (oil, gas): $135.9 billion, down -9.3%
  5. Banco Popolare (regional bank): $130.9 billion, up 140%
  6. Telecom Italia (telecommunications services): $74.3 billion, down -4%
  7. Atlantia (infrastructure, mobility networks): $41.5 billion, up 10.1%
  8. Leonardo (aerospace, defense): $26.8 billion, down -6.1%
  9. Luxottica Group (specialty stores-eyewear): $10.9 billion, up 3.4%
  10. Prada (clothing, accessories): $5.2 billion, down -1%

Banco Populaire posted the strongest increase in asset values from 2016 due to merger and acquisitions activity.

Asset declines ranged from -1% for Italian fashion trend setter Prada up to a -9.3% drop for oil and gas firm Eni.

Sales

Sales is the life blood of all business, particularly for firms that compete on the international stage. Two regional banks, Banco Popolare and Banca MPS, posted the greatest sales increases from 2016 to May 2017.

  1. Eni: US$61.6 billion, down -29.4% from 2016
  2. Intesa Sanpaolo: $24.8 billion, down -36.5%
  3. UniCredit Group: $24.4 billion, down -5.1%
  4. Telecom Italia: $21.1 billion, down -3.9%
  5. Leonardo: $13.3 billion, down -7.8%
  6. Luxottica Group: $10.1 billion, up 2.6%
  7. Atlantia: $6 billion, up 3.11%
  8. Banca MPS: $5.9 billion, up 13.7%
  9. Prada: $3.91 billion, up 0.3%
  10. Banco Popolare: $3.9 billion, up 76.5%

Sales declines ranged from a -3.9% setback for Telecom Italia up to -29.4% for oil and gas competitor Eni and -36.5% for Italian bank Intesa Sanpaolo.

Profit

Facing down the slowing global economy, seven of the largest Italian firms posted profits as of May 2017.

  1. Intesa Sanpaolo: US$3.4 billion, up 9.5% from 2016
  2. Telecom Italia: $2 billion, reversing a -$79.8 million loss
  3. Atlantia: $1.2 billion, up 31.1%
  4. Luxottica Group: $940.8 million, up 5.5%
  5. Leonardo: $558.6 million, up 110.8%
  6. Banco Popolare: $476.9 million, up 48.8%
  7. Prada: $364.7 million, no change
  8. Eni: -$1.6 billion, down -83.5%
  9. Banca MPS: -$3.6 billion, up 2,791%
  10. UniCredit Group: -$13 billion, reversing a $1.8 billion profit

Telecom Italia achieved the most dramatic turnaround going from a -$79.8 million loss in 2016 to $2 billion in black ink as of May 2017.

In contrast, Italian financial institution UniCredit Group saw its fortunes reversed from $1.8 billion in profit during 2016 down to a formidable -$13 billion loss at May 2017.

Headquarters

Four of Italy’s top 10 major export companies have their headquarters in Rome, Italy’s capital and largest city. The second-most highly populated Italian city, Milan is home to three other top enterprises.

  1. Atlantia: Rome
  2. Banca MPS: Siena
  3. Banco Popolare: Verona
  4. Eni: Rome
  5. Intesa Sanpaolo: Turin
  6. Leonardo: Rome
  7. Luxottica Group: Milan
  8. Prada: Milan
  9. Telecom Italia: Rome
  10. UniCredit Group: Milan




 

Note some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.

For example, Atlantia is a holding company that operates through a handful of business segments including Italian Motorways, Italian Airports, Overseas Motorways and Other Activities. The Overseas Motorways segment deals with the holders of motorway concessions in Chile, Brazil and Poland.

See also Italy’s Top 10 Exports, Italy’s Top 10 Imports and Major Export Companies: Alcoholic Beverages

Research Sources:
Forbes 2017 Global 2000 individual company profiles, Example of top Italian company compiled for this study: Eni. Accessed on January 24, 2018

Forbes 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 24, 2018

Forbes Banca Popolare di Milano (at May 2016). Accessed on January 24, 2018

GuruFocus Banca Monte dei Paschi di Siena. Accessed on January 24, 2018

S&P Global, Market Intelligence Data Dispatch: The world’s 100 largest banks. Accessed on January 24, 2018

Trade Map, International Trade Centre. Accessed on January 24, 2018

Wikipedia, Category: Companies of Italy. Accessed on January 24, 2018

Wikipedia, List of companies of Italy. Accessed on January 24, 2018

WikiVisually, List of largest banks. Accessed on January 24, 2018

World Atlas, The Biggest Italian Banks by Total Assets. Accessed on January 24, 2018