In the third quarter of the year, the most valuable company in European markets was Dutch semiconductor giant ASML. The technology and fashion-luxury sectors are leading the way.
The most valuable companies in Europe for the January–September period have been determined. Risks such as the tariff crisis with the US, the Russia–Ukraine crisis, the elections in Germany, and the frequent political instability in France have led to numerous effects on the economy. Additionally, the European Central Bank's (ECB) decision to ease its three key policy interest rates by 100 basis points since the beginning of the year has reduced companies' financing costs.
İlginizi çekebilir:
MSC reiterated its commitment not to ship through the Arctic
ASML, the company with the highest market value
ASML's market value reached $375.76 billion at the end of September, making it the most valuable company in the European Union.
ASML was followed in the market value ranking by SAP, a German company providing online services and software. With a value of $311.19 billion, SAP became Germany's most valuable company. Three of the ten most valuable companies were Dutch, three were French, two were German, one was Danish, and one was Spanish.
Another sector that stood out in the list of Europe's most valuable companies was the fashion industry. The market value of French fashion and luxury clothing company LVMH Moet Hennessy Louis Vuitton, Europe's third most valuable company, was recorded at $306.46 billion. Louis Vuitton was followed by Dutch investment group Prosus with $303.2 billion. French fashion brand Hermes ranked fifth on the list with a market value of $255.61 billion. Hermes was followed by Danish pharmaceutical manufacturer Novo Nordisk with $241.93 billion.
The rest of the list consisted of French cosmetics manufacturer L'Oreal, German technology company Siemens, Dutch aircraft manufacturer Airbus, and Spanish ready-to-wear group Inditex.
