List of largest Nordic companies



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List of largest Nordic companies

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 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) Statoil Stavanger, Norway Oil and gas 111.6 13.1 127.8 81.4
02 (135) Nordea Stockholm, Sweden Banking 21.7 3.4 933.8 39.7
03 (152) A.P. Møller-Maersk Copenhagen, Denmark Transportation 56.1 2.6 69.8 33.7
04 (183) Volvo Gothenburg, Sweden Automotive 45.0 2.6 49.7 30.2
05 (239) Ericsson Stockholm, Sweden Telecommunication 32.9 1.8 19.0 19.4
06 (260) DNB Oslo, Norway Diversified financial 11.6 2.2 356.1 21.1
07 (280) SEB Stockholm, Sweden Banking 13.5 1.6 344.5 19.2
08 (282) Handelsbanken Stockholm, Sweden Banking 10.9 1.8 358.0 23.2
09 (294) TeliaSonera Stockholm, Sweden Telecommunications 15.1 2.7 35.9 30.0
10 (311) Swedbank Stockholm, Sweden Banking 10.3 1.7 270.8 19.1
11 (353) Telenor Norway Telecommunication 16.4 1.3 27.8 33.9
12 (432) Fortum Espoo, Finland Utilities 3.9 0.9 29.7 16.8
13 (466) Novo Nordisk Copenhagen, Denmark Health care 11.6 3.0 10.9 90.3
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 Durable goods 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 Oil 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



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