Business Chief Europe Magazine April 2018 | Page 82

TOP 10

06 www . exor . com Italian investment company Exor Group reported a yearly revenue of $ 154.9bn in 2017 . While this figure represents a 1.5 % increase over the previous year , Exor registered a profit-reduction of 21.1 %, the worst of any company on the list . The Exor Group , through its subsidiaries , controls auto manufacturers ( Fiat , Ferrari , Maserati ), real estate service providers ( C & W ), and the Juventus FC football franchise . At over 300,000 , Exor employs the largest workforce in the top 10 . The company ’ s asset portfolio has shrunk dramatically in recent years : from $ 165.8bn in assets four years ago to $ 11.348bn this year , according to Forbes .

Exor Group $ 154.9bn

05 www . daimler . com

Daimler $ 169.5bn

German auto manufacturer Daimler reported a revenue of $ 169.5bn at the end of 2017 , according to Fortune ’ s 500 list . The company has experienced stable growth in revenue ( 2.2 %) and profit ( 0.9 %), despite the decision to recall 3mn diesel vehicles in the summer of 2017 in response to the revelation that its products were performing far below carbon emission standards . The recall effort has been estimated to cost over $ 220mn by Fortune . The company has shown steady growth in profit since turning a loss of over $ 3.6bn in 2015 . The scandal is being held responsible for Daimler ’ s descent down the Fortune Global 500 list this year , to a worldwide position of 17 .
82 April 2018