List of largest Nordic companies

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This is a list of the largest companies from the Nordic countries, as determined by different factors. There are several ways of ranking companies, be it by revenue, income, market value or number of employees. Arguably, the most complete list, is the annual Forbes Global 2000 list, a ranking based on four metrics. Of note, IKEA Group, with $37.6 billion in annual revenue and $4.8 billion in annual profit, is not included on the Forbes Global 2000 list.

Largest Nordic companies according to Forbes

The Forbes Global 2000 published on 18 April 2012[1] is a ranking of largest companies in the world, by a mix of four metrics: sales, profits, assets and market value. The ranking number shows the ranking among all other Nordic companies on the list, while the number displayed within parenthesis shows the actual ranking among all the companies on the Forbes Global 2000 list.

The ranking is based on annual reports, as of April 2012. As a consequence, the data is most likely based on 2011 annual reports and market values are most likely those of April 2012 (unless otherwise noted). Furthermore, the ranking does not take privately or state-owned enterprises into account.

Rank Company Headquarters Industry Revenue
(billion $) 		Profits
(billion $) 		Assets
(billion $) 		Market value
(billion $)
01 (41) Equinor Template:Flagicon Stavanger, Norway Oil and gas 111.6 13.1 127.8 81.4[2]
02 (135) Nordea Template:Flagicon Helsinki, Finland Banking 21.7 3.4 933.8 39.7[3]
03 (152) Maersk Template:Flagicon Copenhagen, Denmark Transportation 56.1 2.6 69.8 33.7[4][5]
04 (183) Volvo Template:Flagicon Gothenburg, Sweden Automotive 45.0 2.6 49.7 30.2[6][7]
05 (239) Ericsson Template:Flagicon Stockholm, Sweden Telecommunication 32.9 1.8 19.0 19.4[8][9]
06 (260) DNB Template:Flagicon Oslo, Norway Diversified financial 11.6 2.2 356.1 21.1[10]
07 (280) SEB Template:Flagicon Stockholm, Sweden Banking 13.5 1.6 344.5 19.2[11][12]
08 (282) Handelsbanken Template:Flagicon Stockholm, Sweden Banking 10.9 1.8 358.0 23.2[13][14]
09 (294) Telia Template:Flagicon Stockholm, Sweden Telecommunications 15.1 2.7 35.9 30.0[15]
10 (311) Swedbank Template:Flagicon Stockholm, Sweden Banking 10.3 1.7 270.8 19.1[16]
11 (353) Telenor Template:Flagicon Fornebu, Norway Telecommunication 16.4 1.3 27.8 33.9[17]
12 (432) Fortum Template:Flagicon Espoo, Finland Utilities 3.9 0.9 29.7 16.8[18]
13 (466) Novo Nordisk Template:Flagicon Copenhagen, Denmark Health care 11.6 3.0 10.9 90.3[19]
14 (489) H&M Template:Flagicon Stockholm, Sweden Retailing 16.3 2.3 8.7 61.6
15 (498) Danske Bank Template:Flagicon Copenhagen, Denmark Banking 20.0 0.3 597.8 15.8
16 (503) Sampo Group Template:Flagicon Helsinki, Finland Insurance 7.2 1.3 38.3 16.3
17 (504) Norsk Hydro Template:Flagicon Oslo, Norway Industrial 16.3 1.1 22.2 11.7
18 (528) Atlas Copco Template:Flagicon Stockholm, Sweden Capital goods 13.6 0.8 14.4 19.0
19 (563) Carlsberg Group Template:Flagicon Copenhagen, Denmark Brewery 11.1 0.9 25.6 12.8
20 (573) Nokia Template:Flagicon Espoo, Finland Technology 50.1 -1.5 44.6 32.8
21 (574) Yara International Template:Flagicon Oslo, Norway Chemical industry 13.0 2.0 12.1 13.3
22 (578) Sandvik Template:Flagicon Sandviken, Sweden Capital goods 13.6 0.8 14.4 19.0
23 (707) Skanska Template:Flagicon Stockholm, Sweden Construction 17.2 1.1 11.8 7.5
24 (765) UPM-Kymmene Template:Flagicon Helsinki, Finland Materials 13.0 0.6 19.3 7.2
25 (845) SKF Template:Flagicon Gothenburg, Sweden Manufacturing 9.6 0.9 8.5 11.5
26 (902) Stora Enso Template:Flagicon Helsinki, Finland Manufacturing 14.2 0.4 16.7 6.0
27 (904) Svenska Cellulosa Aktiebolaget Template:Flagicon Stockholm, Sweden Consumer Goods 11.8 0.1 20.2 12.5
28 (937) Kone Template:Flagicon Espoo, Finland Engineering 9.5 1.2 8.4 14.9
29 (1098) Electrolux Template:Flagicon Stockholm, Sweden Manufacturing 14.7 0.3 10.7 6.8
30 (1101) Assa Abloy Template:Flagicon Stockholm, Sweden Manufacturing 6.1 0.6 8.1 11.2
32 (1131) Investor Template:Flagicon Stockholm, Sweden Diversified financials 2.8 -1.3 31.2 17.0
32 (1170) Tele2 Template:Flagicon Stockholm, Sweden Telecommunications 5.9 0.7 6.4 8.6
33 (1175) Metso Template:Flagicon Helsinki, Finland Capital goods 8.6 0.5 8.4 7.3
34 (1226) Autoliv Template:Flagicon Stockholm, Sweden Automotive 8.2 0.6 6.1 6.2
35 (1254) Orkla Group Template:Flagicon Oslo, Norway Media 10.2 -0.1 11.1 8.2
36 (1297) Kinnevik Template:Flagicon Stockholm, Sweden Investment 1.3 1.0 10.2 6.3
37 (1363) Storebrand Template:Flagicon Oslo, Norway Insurance 5.6 0.1 67.2 2.4
38 (1373) TDC A/S Template:Flagicon Copenhagen, Denmark Telecommunications 4.6 0.5 11.4 6.0
39 (1376) OP-Pohjola Group Template:Flagicon Helsinki, Finland Financial services 4.9 0.3 53.3 3.7
40 (1388) Aker Solutions Template:Flagicon Oslo, Norway Engineering 6.1 0.9 5.6 4.5
41 (1416) Gjensidige Template:Flagicon Oslo, Norway Insurance 3.6 0.5 14.7 5.9
42 (1481) L E Lundbergföretagen Template:Flagicon Stockholm, Sweden Investment 3.3 0.7 12.5 4.2
43 (1488) Alfa Laval Template:Flagicon Lund, Sweden Manufacturing 4.2 0.5 4.8 8.7
44 (1495) Neste Template:Flagicon Espoo, Finland Oil refining 20.0 0.2 9.4 3.1
45 (1506) Wärtsilä Template:Flagicon Helsinki, Finland Manufacturing 5.6 0.6 5.8 7.2
46 (1619) Boliden AB Template:Flagicon Stockholm, Sweden Mining 5.8 0.5 5.5 4.6
47 (1686) Jyske Bank Template:Flagicon Silkeborg, Denmark Banking 1.6 0.1 47.2 2.4
48 (1750) Swedish Match Template:Flagicon Stockholm, Sweden Tobacco 1.7 0.4 2.1 8.1
49 (1816) Hexagon AB Template:Flagicon Stockholm, Sweden Technology 2.8 0.4 6.8 7.0
50 (1868) Nokian Tyres Template:Flagicon Nokia, Finland Manufacturing 1.9 0.4 2.4 6.4
51 (1883) Kesko Template:Flagicon Helsinki, Finland Retail 12.3 0.2 5.4 3.2
52 (1889) Novozymes Template:Flagicon Copenhagen, Denmark Health care 1.8 0.3 2.4 7.9
53 (1929) Sydbank Template:Flagicon Aabenraa, Denmark Banking 1.0 0.0 26.8 1.4
54 (1935) Getinge Group Template:Flagicon Getinge, Sweden Medical technology 3.2 0.4 6.0 6.6
55 (1937) Coloplast Template:Flagicon Copenhagen, Denmark Medical equipment 1.8 0.3 1.6 7.3
56 (1948) Vestas Template:Flagicon Aarhus, Denmark Manufacturing 7.6 -0.2 9.6 2.3

Divided by country

To put a perspective on the differences between the number of companies in the Nordic nations, this list shows the annual number of companies from a given nation, that made the list. Note that Iceland is no longer represented, primarily because of the 2008–2012 Icelandic financial crisis in which several banks collapsed.

Country 2008-list 2009-list 2010-list 2011-list 2012-list
Template:Flagicon Sweden 20 22 27 22 25
Template:Flagicon Finland 16 13 11 12 12
Template:Flagicon Norway 14 9 10 10 9
Template:Flagicon Denmark 9 12 13 10 10
Template:Flagicon Iceland 4 0 0 0 0

Largest employers

This is a list of the largest employers in the Nordic nations, based on the most recent annual reports. Both private and public companies are represented on the list, though public employers are not. IKEA would rank 4 on this list with its 123,000 employees, had its official headquarters been in Sweden instead of in the Netherlands.[20]

Rank Company Headquarters Industry Employees Reference date
1 ISS Template:Flagicon Copenhagen, Denmark Facility Management 534,500 2011[21]
2 Securitas Template:Flagicon Stockholm, Sweden Security Services 335,945 2016[22]
3 Nokia Template:Flagicon Espoo, Finland Technology 130,050 2011[23]
4 Maersk Template:Flagicon Copenhagen, Denmark Transportation 117,080 2011[24]
5 Ericsson Template:Flagicon Stockholm, Sweden Telecommunication 104,525 2011[25]
6 Volvo Template:Flagicon Gothenburg, Sweden Automotive 98,162 2011[26]
7 H&M Template:Flagicon Stockholm, Sweden Retailing 64,874 2011[27]
8 Electrolux Template:Flagicon Stockholm, Sweden Manufacturing 52,916 2011[28]
9 Skanska Template:Flagicon Stockholm, Sweden Construction 52,557 2011[29]
10 Sandvik Template:Flagicon Sandviken, Sweden Capital goods 50,030 2011[30]

References

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