In the 2014-18 five-year period, the revenues generated by large privately-owned Italian companies grew by 15.8%, unlike those earned by their state-owned equivalents which were down 9.2%, despite on average turning over three times as much. In manufacturing industry, the privately-owned companies stand out for their solidity and propensity to investment, even though they are a long way behind the European giants. In general terms the large Italian listed companies grew in 2018, posting an aggregate total of €366bn (up 3.3% on 2017), driven by exports. The lion’s share was accounted for by the energy sector, which accounted for half the aggregate turnover, followed by manufacturing industry with one-quarter of the total.
Further evidence is found in the 44th edition of the R&S Annual Director published by the Mediobanca Research Area, which contains profiles for the leading Italian listed companies in the 2014-18 period, comparing them with those of their European competitors.
The complete survey is available for download from website www.areastudimediobanca.com