List of largest Nordic companies

Last updated

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.

Contents

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 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.

RankCompanyHeadquartersIndustry Revenue
(billion $)
Profits
(billion $)
Assets
(billion $)
Market value
(billion $)
01 (41) Equinor Flag of Norway.svg Stavanger, Norway Oil and gas 111.613.1127.881.4 [2]
02 (135) Nordea Flag of Finland.svg Helsinki, Finland Banking 21.73.4933.839.7 [3]
03 (152) A.P. Møller-Maersk Flag of Denmark.svg Copenhagen, Denmark Transportation 56.12.669.833.7 [4] [5]
04 (183) Volvo Flag of Sweden.svg Gothenburg, Sweden Automotive 45.02.649.730.2 [6] [7]
05 (239) Ericsson Flag of Sweden.svg Stockholm, Sweden Telecommunication 32.91.819.019.4 [8] [9]
06 (260) DNB Flag of Norway.svg Oslo, Norway Diversified financial 11.62.2356.121.1 [10]
07 (280) SEB Flag of Sweden.svg Stockholm, Sweden Banking 13.51.6344.519.2 [11] [12]
08 (282) Handelsbanken Flag of Sweden.svg Stockholm, Sweden Banking 10.91.8358.023.2 [13] [14]
09 (294) Telia Flag of Sweden.svg Stockholm, Sweden Telecommunications 15.12.735.930.0 [15]
10 (311) Swedbank Flag of Sweden.svg Stockholm, Sweden Banking 10.31.7270.819.1 [16]
11 (353) Telenor Flag of Norway.svg Fornebu, Norway Telecommunication 16.41.327.833.9 [17]
12 (432) Fortum Flag of Finland.svg Espoo, Finland Utilities 3.90.929.716.8 [18]
13 (466) Novo Nordisk Flag of Denmark.svg Copenhagen, Denmark Health care 11.63.010.990.3 [19]
14 (489) H&M Flag of Sweden.svg Stockholm, Sweden Retailing 16.32.38.761.6
15 (498) Danske Bank Flag of Denmark.svg Copenhagen, Denmark Banking 20.00.3597.815.8
16 (503) Sampo Group Flag of Finland.svg Helsinki, Finland Insurance 7.21.338.316.3
17 (504) Norsk Hydro Flag of Norway.svg Oslo, Norway Industrial16.31.122.211.7
18 (528) Atlas Copco Flag of Sweden.svg Stockholm, Sweden Capital goods 13.60.814.419.0
19 (563) Carlsberg Group Flag of Denmark.svg Copenhagen, Denmark Brewery 11.10.925.612.8
20 (573) Nokia Flag of Finland.svg Espoo, Finland Technology 50.1-1.544.632.8
21 (574) Yara International Flag of Norway.svg Oslo, Norway Chemical industry 13.02.012.113.3
22 (578) Sandvik Flag of Sweden.svg Sandviken, Sweden Capital goods 13.60.814.419.0
23 (707) Skanska Flag of Sweden.svg Stockholm, Sweden Construction 17.21.111.87.5
24 (765) UPM-Kymmene Flag of Finland.svg Helsinki, Finland Materials13.00.619.37.2
25 (845) SKF Flag of Sweden.svg Gothenburg, Sweden Manufacturing 9.60.98.511.5
26 (902) Stora Enso Flag of Finland.svg Helsinki, Finland Manufacturing 14.20.416.76.0
27 (904) Svenska Cellulosa Aktiebolaget Flag of Sweden.svg Stockholm, Sweden Consumer Goods 11.80.120.212.5
28 (937) Kone Flag of Finland.svg Espoo, Finland Engineering 9.51.28.414.9
29 (1098) Electrolux Flag of Sweden.svg Stockholm, Sweden Manufacturing 14.70.310.76.8
30 (1101) Assa Abloy Flag of Sweden.svg Stockholm, Sweden Manufacturing 6.10.68.111.2
32 (1131) Investor Flag of Sweden.svg Stockholm, Sweden Diversified financials 2.8-1.331.217.0
32 (1170) Tele2 Flag of Sweden.svg Stockholm, Sweden Telecommunications 5.90.76.48.6
33 (1175) Metso Flag of Finland.svg Helsinki, Finland Capital goods 8.60.58.47.3
34 (1226) Autoliv Flag of Sweden.svg Stockholm, Sweden Automotive 8.20.66.16.2
35 (1254) Orkla Group Flag of Norway.svg Oslo, Norway Media 10.2-0.111.18.2
36 (1297) Kinnevik Flag of Sweden.svg Stockholm, Sweden Investment 1.31.010.26.3
37 (1363) Storebrand Flag of Norway.svg Oslo, Norway Insurance 5.60.167.22.4
38 (1373) TDC A/S Flag of Denmark.svg Copenhagen, Denmark Telecommunications 4.60.511.46.0
39 (1376) OP-Pohjola Group Flag of Finland.svg Helsinki, Finland Financial services 4.90.353.33.7
40 (1388) Aker Solutions Flag of Norway.svg Oslo, Norway Engineering 6.10.95.64.5
41 (1416) Gjensidige Flag of Norway.svg Oslo, Norway Insurance 3.60.514.75.9
42 (1481) L E Lundbergföretagen Flag of Sweden.svg Stockholm, Sweden Investment 3.30.712.54.2
43 (1488) Alfa Laval Flag of Sweden.svg Lund, Sweden Manufacturing 4.20.54.88.7
44 (1495) Neste Flag of Finland.svg Espoo, Finland Oil refining 20.00.29.43.1
45 (1506) Wärtsilä Flag of Finland.svg Helsinki, Finland Manufacturing 5.60.65.87.2
46 (1619) Boliden AB Flag of Sweden.svg Stockholm, Sweden Mining 5.80.55.54.6
47 (1686) Jyske Bank Flag of Denmark.svg Silkeborg, Denmark Banking 1.60.147.22.4
48 (1750) Swedish Match Flag of Sweden.svg Stockholm, Sweden Tobacco 1.70.42.18.1
49 (1816) Hexagon AB Flag of Sweden.svg Stockholm, Sweden Technology 2.80.46.87.0
50 (1868) Nokian Tyres Flag of Finland.svg Nokia, Finland Manufacturing 1.90.42.46.4
51 (1883) Kesko Flag of Finland.svg Helsinki, Finland Retail 12.30.25.43.2
52 (1889) Novozymes Flag of Denmark.svg Copenhagen, Denmark Health care 1.80.32.47.9
53 (1929) Sydbank Flag of Denmark.svg Aabenraa, Denmark Banking 1.00.026.81.4
54 (1935) Getinge Group Flag of Sweden.svg Getinge, Sweden Medical technology 3.20.46.06.6
55 (1937) Coloplast Flag of Denmark.svg Copenhagen, Denmark Medical equipment 1.80.31.67.3
56 (1948) Vestas Flag of Denmark.svg Aarhus, Denmark Manufacturing 7.6-0.29.62.3

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.

Country2008-list2009-list2010-list2011-list2012-list
Flag of Sweden.svg Sweden 2022272225
Flag of Finland.svg Finland 1613111212
Flag of Norway.svg Norway 14910109
Flag of Denmark.svg Denmark 912131010
Flag of Iceland.svg Iceland 40000

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]

RankCompanyHeadquartersIndustryEmployeesReference date
1 ISS Flag of Denmark.svg Copenhagen, Denmark Facility Management 534,5002011 [21]
2 Securitas Flag of Sweden.svg Stockholm, Sweden Security Services 335,9452016 [22]
3 Nokia Flag of Finland.svg Espoo, Finland Technology 130,0502011 [23]
4 A.P. Møller-Maersk Flag of Denmark.svg Copenhagen, Denmark Transportation 117,0802011 [24]
5 Ericsson Flag of Sweden.svg Stockholm, Sweden Telecommunication 104,5252011 [25]
6 Volvo Flag of Sweden.svg Gothenburg, Sweden Automotive 98,1622011 [26]
7 H&M Flag of Sweden.svg Stockholm, Sweden Retailing 64,8742011 [27]
8 Electrolux Flag of Sweden.svg Stockholm, Sweden Manufacturing 52,9162011 [28]
9 Skanska Flag of Sweden.svg Stockholm, Sweden Construction 52,5572011 [29]
10 Sandvik Flag of Sweden.svg Sandviken, Sweden Capital goods 50,0302011 [30]

Related Research Articles

<span class="mw-page-title-main">Ericsson</span> Swedish multinational networking and telecommunications company

Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company sells infrastructure, software, and services in information and communications technology for telecommunications service providers and enterprises, including, among others, 3G, 4G, and 5G equipment, and Internet Protocol (IP) and optical transport systems. The company employs around 100,000 people and operates in more than 180 countries. Ericsson has over 57,000 granted patents.

<span class="mw-page-title-main">Securitas AB</span> Swedish security services company

Securitas AB is a security services, monitoring, consulting and investigation group, based in Stockholm, Sweden. The group has over 300,000 employees in 53 countries worldwide. Securitas AB is listed at Nasdaq OMX Stockholm, Large Cap segment.

<span class="mw-page-title-main">Investor AB</span> Swedish investment and conglomerate holding company

Investor AB is a Swedish investment and holding company, often considered a de facto conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's companies are involved in a variety of industries, of which the primary industries are pharmaceuticals, telecommunications and industry.

<span class="mw-page-title-main">Handelsbanken</span> Swedish bank

Svenska Handelsbanken AB is a Swedish bank providing banking services including traditional corporate transactions, investment banking and trading as well as consumer banking including insurance. Handelsbanken is one of the major banks in Sweden with a nationwide branch network.

<span class="mw-page-title-main">Maersk</span> Danish business conglomerate

A.P. Møller – Mærsk A/S, also known simply as Maersk, is a Danish shipping and logistics company founded in 1904 by Arnold Peter Møller and Peter Mærsk Møller.

<span class="mw-page-title-main">International Institute for Management Development</span> Swiss business education school

International Institute for Management Development (IIMD) is a business school with campuses in Lausanne, Switzerland and Singapore. IIMD is well known for its MBA program, which is taught in English and consistently ranked among the best in the world.

<span class="mw-page-title-main">Mærsk Mc-Kinney Møller</span> Danish shipping magnate

Arnold Mærsk Mc-Kinney Møller was a Danish shipping magnate. He was a longtime figure at A.P. Moller–Maersk Group, which was founded by his father.

<span class="mw-page-title-main">Grupo Bimbo</span> Mexican multinational food company

Grupo Bimbo, S.A.B. de C.V. is a Mexican multinational food company with a presence in over 33 countries located in the Americas, Europe, Asia and Africa. It has an annual sales volume of 15 billion dollars and is listed on the Mexican Stock Exchange with the ticker BIMBO.

<span class="mw-page-title-main">Ericsson Mobile Platforms</span>

Ericsson Mobile Platforms (EMP) was the name of a company within the Ericsson group that supplied mobile platforms, i.e. the technological basis on which a cellular phone product can be built. The main office was in Lund, Sweden.

Triple E-class container ship Class of large container ships

The Triple E class is a family of very large container ships with a capacity of more than 18,000 TEUs, which are owned and operated by Maersk Line.

<span class="mw-page-title-main">Maersk Line</span> Danish shipping company

Maersk Line is a Danish international container shipping company and the largest operating subsidiary of Maersk, a Danish business conglomerate. Founded in 1928, it is the world's second largest container shipping company by both fleet size and cargo capacity, offering regular services to 374 ports in 116 countries. In 2019, it employed 83,625 people where 18,398 of which are vessel crew and the other 65,227 are processing and operations personnel in offices and ports. Maersk Line operates over 708 vessels and has a total capacity of about 4.1 million TEU.

<span class="mw-page-title-main">Inter IKEA Holding</span> Holding company

Inter IKEA Holding B.V. is a holding company registered in the Netherlands, ultimately owned by Interogo Foundation. It owns the company Inter IKEA Systems and thereby controls the intellectual property of IKEA. It is also in charge of design, manufacturing and supply of IKEA products.

<span class="mw-page-title-main">Christen Ager-Hanssen</span>

Christen Eugen Ager-Hanssen is a Norwegian internet entrepreneur & venture capitalist. Since the late 1990s, he has been based in London and is a highly controversial private equity professional. Ager-Hanssen was involved in several high-profile M&A deals and has become known for public hostile takeovers. In a Canadian Business cover story, he was described as both Gordon Gekko and a modern-day Viking. In 1999 he became one of Norway's richest citizens.

<span class="mw-page-title-main">Volvo Trucks</span> Swedish truck manufacturer

Volvo Trucks is a truck manufacturing division of Volvo based in Gothenburg, Sweden.

<span class="mw-page-title-main">Ericsson Mobile Communications</span>

Ericsson Mobile Communications AB was a subsidiary of Ericsson, entirely focused on development of mobile phones (handsets). The major offices were located in Lund, Kumla, Raleigh, North Carolina and Lynchburg, Virginia.

PostNord Logistics is a logistics company in the Nordics. The business has its roots in Denmark, Finland, Norway and Sweden. The business was formed through the mergers of the Danish and Swedish postal operators and private sector companies. PostNord Logistics is one of four PostNord Group companies. In 2013 the group's logistics operations, formerly consisting of 16 Nordic region companies, were gathered under a common brand – PostNord Logistics.

References

  1. "The World's Biggest Public Companies". Forbes . 2012-04-18. Retrieved 2013-01-03.
  2. "Statoil Key Statistics". Yahoo Finance. 2012-04-18. Retrieved 2013-01-03.
  3. "Nordea Bank AB Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  4. "A.P. Møller- Mærsk A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  5. "A.P. Møller- Mærsk B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  6. "Volvo AB ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  7. "Volvo AB ser B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  8. "Ericsson Telefonab L M ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.[ permanent dead link ]
  9. "Ericsson Telefonab L M ser B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  10. "DNB ASA Overview". Euroinvestor. 2012-04-18. Archived from the original on 2013-02-16. Retrieved 2013-01-03.
  11. "Skandinaviska Enskilda Banken A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  12. "Skandinaviska Enskilda Banken A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  13. "Svenska Handelsbanken ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  14. "Svenska Handelsbanken ser B Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  15. "TeliaSonera AB Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  16. "Swedbank AB ser A Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.[ permanent dead link ]
  17. "Telenor Overview". Euroinvestor. 2012-04-18. Retrieved 2013-01-03.
  18. "Fortum Annual Review 2015". Fortum. 2016. Archived from the original on 2016-04-22. Retrieved 2016-09-23.
  19. "Novo Nordisk A/S Key Statistics". Yahoo Finance. 2012-04-18. Retrieved 2013-01-03.
  20. "IKEA Fact & Figures". IKEA. 2012-04-18. Retrieved 2013-01-03.
  21. "ISS Annual Report 2011 (Page 2)". ISS A/S. 2012-04-18. Retrieved 2013-01-03.
  22. "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.
  23. "Nokia Form 20-A 2011 (Page 48)" (PDF). Nokiaj. 2012-04-18. Archived from the original (PDF) on 2013-06-02. Retrieved 2013-01-03.
  24. "A.P. Moller-Maersk Group Annual Report 2011 (Page 85)" (PDF). A.P. Moller-Maersk Group. 2012-04-18. Retrieved 2013-01-03.
  25. "Ericsson Annual Report" (PDF). Ericsson. 2012-04-18. Retrieved 2013-01-03.
  26. "Volvo Annual Report 2011 (Page 48)" (PDF). Volvo. 2012-04-18. Archived from the original (PDF) on 2012-12-09. Retrieved 2013-01-03.
  27. "H&M Annual Report 2011" (PDF). H&M. 2012-04-18. Retrieved 2013-01-03.
  28. "Electrolux Annual Report 2011" (PDF). Electrolux. 2012-04-18. Retrieved 2013-01-03.
  29. "Skanska Annual Report 2011" (PDF). Skanska. 2012-04-18. Retrieved 2013-01-03.
  30. "Sandvik Annual Report 2011 (Page 3)" (PDF). Sandvik. 2012-04-18. Archived from the original (PDF) on 2012-09-14. Retrieved 2013-01-03.