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List of largest Nordic companies

Summary

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 edit

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.

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 edit

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 edit

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 edit

  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.

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