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report Life Sciences
Novartis (img: Wikimedia Commons)

Novartis (img: Wikimedia Commons)

12.07.2019

Basel home to two of the most valuable companies

The two Basel-based pharma giants Roche and Novartis rank among the 100 most valuable listed companies in the world, according to a report from EY. Nestlé, the Swiss food company, also made the list.

The consultancy firm EY has once again compiled a list of the world’s 100 most valuable listed companies. It includes three Swiss companies overall. The two Basel-based pharma groups Roche and Novartis take 24th and 36th place respectively, with Roche’s market value estimated to total 239.3 billion dollars, while that of Novartis is put at 208.8 billion dollars. The west Swiss food giant Nestlé came in 14th place. With a market value of 297.8 billion dollars, Nestlé is Europe’s highest-valued company. Overall, the market capitalization of the three Swiss companies totals 745.3 billion dollars, which is up 14 percent versus year-end 2018.

If we extend the list to include the 300 most valuable companies, then additional Swiss firms including Chubb (157th place), Zurich (229th), Richemont (256th), Glencore (278th), UBS (289th) and ABB (296th) all make the cut.

The most valuable company worldwide is Microsoft, the US IT giant, with a market value of 1.03 trillion dollars. Following on from Microsoft is Amazon (938 billion dollars) and Apple (919 billion dollars). The Google parent company Alphabet is ranked fourth at 747 billion dollars, while Facebook takes fifth place at 541 billion dollars. Overall, the top ten includes eight US companies, six of which are active in the technology industry. The remaining two spots in the top ten are taken by the two Chinese companies Alibaba and Tencent.

Stefan Rösch-Rütsche, Country Managing Partner of EY Switzerland, commented: “US companies above all have their finger on the pulse of time with regard to digital business models – they have revolutionized entire industries and generated enormous profits on the back of their services and products”. In contrast, traditional industrial companies are experiencing radical change, with new competitors to confront. Many companies, primarily in Europe, are still looking for that winning, futureproof business model.

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