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Italian companies: Eni still first for profits, but Exor surpasses it for turnover

MEDIOBANCA SURVEY – Eni is confirmed as the Italian company that makes the most profits with 6,45 billion euros in the two-year period 2013-2014. After 11 years, however, the Exor group is back in first place in terms of turnover thanks to the Fiat-Chrysler merger. This is the most relevant news of the Mediobanca survey on the main Italian companies based on the 2013-2014 financial statements.

Italian companies: Eni still first for profits, but Exor surpasses it for turnover

In 2014, Exor was the first Italian industrial group by turnover after eleven years of supremacy of Eni. This is the biggest news of the annual ranking of the main Italian companies compiled by Mediobanca. However, Eni is confirmed as the company that makes the most profits. The survey, which turns 50 this year, takes into consideration 1030 groups and 2523 companies operating in the following sectors: industry, commerce, finance, leasing, factoring, banks, insurance. The data refer to the years 2013 and 2014.

After 11 years, Exor takes the lead in the ranking over Italian companies thanks to merger of Fiat with the US Chrysler. Exor-Fca closed last year with revenues of 122,2 billion, 12,4 billion more than the oil group, despite domestic sales accounting for just 7,5% of total turnover. The Exor group is also confirmed as first in terms of number of employees, with over 318 thousand units: we have to go back to the early seventies to find this consistency even if distributed differently: 85% worked in Italy at the time, today only 25% remain.

Eni falls to second position which, due to the collapse in crude oil prices, brings its turnover to 109,8 billion. The positions from third to tenth remained unchanged compared to the previous year, with: Enel, Gse, Telecom Italia, Finmeccanica, Edison, Esso Italiana, Edizione (Benetton) and Saras.

Immediately out of the top ten, it confirms itself as eleventh Poste Italiane, with revenues of 9 billion. But, underlines the survey, if the group's insurance premiums were added to postal and financial revenues, a group of 24,5 billion would emerge, fifth overall in the 2014 ranking, ahead of Telecom.

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