It's neck and neck on turnover between Eni ed Exor. At the end of 2012, the public energy giant was still the leading Italian group in terms of turnover, followed by the holding company of the Agnelli family, but in the first six months of 2014 the overtaking took place which reversed the positions on the podium. This is what emerges from a Mediobanca survey on the financial statements of 3.533 Italian companies.
In detail, according to the analysis by the Research Office of Piazzetta Cuccia, at the end of last year Eni's revenues had fallen by 9,8% compared to 2012, from 127,2 to 114,7 billion, while those of Exor they had risen by 2,8%, to 113,7 billion (of which 54,3 pertaining to Chrysler), just one billion under the six-legged dog. But in the first half of 2014 the Exor group achieved the overtaking, achieving sales of 58,1 billion against 56,6 billion of Eni, for a gap of 2,7%. If the trend is confirmed for the whole of 2014, the oil giant will lose its leadership after a decade of supremacy.
Returning to the ranking relating to the end of 2013 (which only takes into consideration the companies based in Italy), in third position is Enel with 78,1 billion in turnover, a figure lower than the 86,8 billion recorded by Fiat alone (controlled by Exor). Off the podium, there is no shortage of surprises. Here are the next locations:
4) GSE, a public company that carries out electricity trading activities, recorded sales of 34,3 billion.
5) TelecomItalia it dropped 20,6% (-8,8 on a like-for-like basis), to 22,9 billion (-10% national turnover, -35,4% foreign turnover mainly due to the sale of Telecom Argentina).
6) Finmeccanica loses 6,9% of its turnover on an annual basis, experiencing a decrease in both national (-9,3%) and foreign (-6,3%) sales.
7) Edisons, with revenues growing by 2,7%, rises from ninth to seventh position.
8) Esso Italian drops by one step after a drop in sales of 8,7%, which makes it lose almost all of its advantage over ninth place, equal to over one billion at the end of 2012.
9) Benetton edition undergoes a contraction of 0,6% on 2012 and loses one position. The stability of the subsidiaries Autogrill and World Duty Free and the growth of motorways (+5,1%) made up for the further fall of 11,5% in clothing, which fell to 1,6 billion, 13% of total revenues of the group. The weight of clothing is destined to decrease further with the consolidation of Gemina (AdR) from 2014. In 2013 airport activities had a turnover of 664 million and would have brought the turnover of Edizione to over 12,9 billion, in seventh position.
10) Saras it does not move in the standings despite recording a 6% drop in turnover, with +8,7% in Italy and -17,2% abroad.
11) Italian post office they remain eleventh despite the decrease of 2,6% which brought the turnover to 9,4 billion. But if the group's insurance premiums (13,2 billion) were added to postal and financial revenues, the group would have a turnover of 22,6 billion, sixth overall in the 2013 rank, ahead of Finmeccanica. Poste Vita is the third national insurance hub after Generali and Unipol, while Banco Posta's assets would make it the eighth Italian bank in terms of customer funding (44 billion) ahead of Mediobanca. Postal revenues alone, equal to approximately 4,3 billion, would place the Post Office in 29th position.
12) Kuwait Petroleum it rose by one position due to the exit of Erg (moved to position 22 with 5,3 billion in sales, down 35,5% due to the sale of the Isab refinery to the Russian group Lukoil).
13) State Railways recovers three positions with revenues of 7,6 billion, up by 1,2%.
14) Luxottica rises from 17th place thanks to a turnover of 7,3 billion, up 3,2%. For Del Vecchio's group, the domestic market accounts for less than 20%, but it recorded a recovery of 9,5% which was added to the +1,8% of foreign markets.
15) Prysmian drops by one box with a turnover of 7,3 billion (-7,3% on 2012). Domestic revenues which, like the previous year, did better than foreign ones (+2,3% compared to -8,7%).
16) The supermarkets of Caprotti two steps up again with Supermarkets Italiani (+0,8% on 2012 and sales of 6,8 billion).
17) Total Erg on the other hand, it loses two positions with a drop in turnover of 18,7% on an annual basis.
18) Pirelli & C. passes from 20th to 18th thanks to a 1,2% growth in turnover, 94% of which comes from foreign markets.
19) Ge Italia Holding (formerly Nuovo Pignone) is the only new entry in the Top20 and is placed in 19th coming from 29th (+39,9% on 2012) thanks to the expansion of the scope of consolidation (Sondex and GE Avio).
20) A2A closes the Top20 with a turnover down by 14,2%.
Due to the well-known events, the ranking has lost the group since last year Shore Fire (which controls Ilva), 11th in 2011 with sales exceeding ten billion euros. In summary, in the Top20 there is only one new entry, that of Ge Italia Holding, and only one exit, that of Erg. Nine of the top twenty companies belong to the energy sector (oil or electricity), five to infrastructure management or services (telecommunications, catering, postal, distribution or transport), and only six groups operate in manufacturing (Fiat/Exor , Finmeccanica, Luxottica, Prysmian, Pirelli and Ge Italia). Seven groups are publicly owned, eight including Edison which belongs to EdF. Those under foreign control are five.
