Breaking Down The Top Italian Companies

In the European Union, Italy has the third-largest national economy. It has the 8^th largest nominal GDP in the world. The founding member of the Union has done exceptionally well in recent years. Italy has several important trading partners, including Germany, the United States, the United Kingdom, France, and Spain. The largest industries in terms of employment include services, industry, and agriculture. Plus, Italy’s main industries are ceramics, machinery, robots, tourism, aircraft, and electronics.

The economy is booming as it is led by some of the country’s top corporations. Readers will learn more about Italy’s top companies in the in-depth guide below.

Eni

Eni has become one of the biggest companies in Italy. The Italian oil and gas company is headquartered in Rome. It is widely considered one of the main supermajor oil companies in the world. Today, it has operations in more than 65 countries and maintains a market capitalization of more than $36 billion. It is vital to understand that the Italian government owns more than 30% of the golden shares in the company. Over the years, Eni has worked in many industries, including energy, chemicals, mining, plastics, and refining. It is estimated that the company has at least 31,000 employees around the world.

It also owns several subsidiaries include Eni Gas & Power, Versalis, and Saipem. In 2020, it has a revenue of 44 billion. The company is 68 years old and still going strong. There is a good chance it’ll be around for another 50 years or more.

Enel

Enel is another large corporation in Italy. The company is a manufacturer and distributor of gas and electricity. Enel is one of the leading companies in the nation. Its name translates to National Electricity Board. It was established as a public body near the end of 1962. Since then, it has become a limited company. Just remember that the Italian state is the company’s bigger shareholder. It owns more than 23% of the company’s shares. The company is based out of Rome and has been around for 58 years. It currently employs, 66,700 individuals making it one of the biggest employers. In terms of revenue, it was the 73^rd largest company in the world.

When considering capitalization, it is Europe’s largest utility company. Suffice to say, Enel is a powerhouse.

Intesa Sanpaolo

Intesa Sanpaolo is likely the largest international banking group in Italy. It is a public company that merged in 2007. When considering assets, it is the country’s largest bank. It is the 27^th largest in the world. Intesa Sanpaolo was formed thanks to the merge of Sanpaolo IMI and Banca Intesa in 2007. However, its history goes back to 1583. Suffice to say, it could be one of the oldest banks in the world. In 2020, the company revealed it was serving more than 14.6 million people in Italy. Plus, it serves 7.2 million people in Europe, Africa, and elsewhere. In 2010, it had assets topping $877 billion.

Although it has 5,843 branches around the world, nearly 4,700 of those branches are found in Italy. At the end of 2017, the company has more than 96,000 employees. It is one of the leading users of the Instagram reseller panel.

UniCredit

UniCredit is another major Italian company. It is one of the biggest banking companies in the nation. The company currently employs more than 86,500 individuals and is based out of Milan. The Financial Stability Board claims it is the only systemically important bank in Italy. It is public and traded on numerous exchanges. It offers a variety of services including retail and private banking. It also offers investment banking, insurance, and more. UniCredit is one of the youngest companies on this list since it was founded in 1998.

In addition to this, it has multiple subsidiaries. For instance, it owns Bank Austria, UniCredit Leasing, UniCredit Bulbank, and more.

Poste Italiane

Finally, Italy is home to Poste Italiane. It is the leading postal service provider in Italy. The company employs more than 125,000 individuals making it the largest employer in the country. It has countless subsidiaries, including PostePay, SDA Express Courier, MLK Deliveries, Uptime, Indabox, Conio, and more. Most people residing in Italy know about this company because they use its services every day. It is easily one of the top companies in the industry.