For 2017, the aggregate turnover of the 42 large listed Italian industrial groups amounted to 370 billion, up 6,6% on the previous year, according to the Mediobanca R&D Yearbook. The energy sector is the driving force at +11,3% thanks to the recovery in crude oil prices, but the manufacturing sector is also increasing, by +2,5%.
In 2017 the turnover of top 10 big Italian players grew by 10,7% on 2013: however, less than Germany (+19,5%), France (+19,1%) and the United Kingdom (+13,2%), and the result of a clear dichotomy between public and private where there was a -17% in the turnover of big public companies and +34,5% in that of private individuals. The report shows that the top 10 large German groups in 2017 reached 803 billion euros, almost half of the Italian GDP and their capitalization is higher than the value of the entire Stock Exchange. Not an exciting trend even on the employment front which increases by +1,6% on 2013, but below Germany at +8,6%, France at +7,9% and the United Kingdom at +4,4%. Furthermore, Italy's EBIT is also suffering at 4,4% if compared with the British one at 18,7%, ahead of the French one at 13,5% and the German one at 8,6%.
As can be seen from the R&D Yearbook of the Mediobanca Research Area, the Italian recovery in 2017 is not sufficient to recover the -7,3% drop in sales recorded in previous years in the four-year period 2017-2013. According to last year's data 63% of the sales of the 42 large groups came from the public sector and 37% to private ownership (of which 7,1% is foreign-owned). 48,7% of turnover comes from the energy sector, 29,4% from manufacturing, the rest mainly from the tertiary sector.
In particular, over a third of the aggregate turnover of large groups belongs to Enel (73,5 billion) and Eni (66,9 billion), followed by Poste Italiane (28,8 billion) and FCA Italy (28,6 billion). The top seller groupsets in double figures for 2016 are: Eni (+20%), Moncler (+14,8%) and Fincantieri (+13%, the only public manufacturing company to grow), followed by Iren (+12,1%, first local utility), Saras (+11,8 .2%) and A11A (+4,3%), while Edison (-9,8%) and Saipem (-XNUMX%) are the rear.
Large private manufacturing beats everyone else in terms of investment rates, at 9,7%, while public groups in the sector are stuck at 4,7%, in terms of capital solidity and the impact of liquidity on financial debts.
