From fashion to tech: Inside Europe’s top 10 biggest companies 


In the dynamic landscape of global business, Europe stands tall with a lineup of mega-corporations that have secured their positions as leaders in various industries. 

From luxury fashion houses to cutting-edge technology firms and energy giants, Europe’s top companies have made significant contributions to their sectors and the world economy. 

In this article, we delve into the profiles of the ten most valuable EU companies, exploring their market capitalisations, histories, and key contributions. 

1. LVMH, France 

Market cap: $443.70 Billion 


LVMH Moët Hennessy Louis Vuitton commonly known as LVMH, is a French multinational holding and conglomerate specialising in luxury goods, headquartered in Paris. 

LVMH controls around 60 subsidiaries that manage 75 prestigious brands. These include Tiffany & Co., Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, and Bulgari. 

As of August 2023, LVMH has a market cap of $443.70 Billion. This makes LVMH the world’s 15th most valuable company. 

2. Novo Nordisk, Denmark 

Market cap: $420.87 Billion 


Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, with production facilities in nine countries and affiliates or offices in five countries. 

Novo Nordisk manufactures and markets pharmaceutical products and services, specifically diabetes care medications and devices. Its main product is the drug semaglutide, used to treat diabetes under the brand name Ozempic and obesity under the brand name Wegovy. 

As of August 2023, Novo Nordisk has a market cap of $420.87 Billion. This makes Novo Nordisk the world’s 18th most valuable company. 

3. ASML, Netherlands 

Market cap: $263.40 Billion 


ASML Holding N.V. (ASML stands for Advanced Semiconductor Materials Lithography) is a Dutch multinational corporation founded in 1984. 

ASML specialises in the development and manufacturing of photolithography machines which are used to produce computer chips. The company is the sole supplier in the world of extreme ultraviolet lithography (EUV) photolithography machines that are required to manufacture the most advanced chips 

As of August 2023, ASML has a market cap of $263.40 Billion. This makes ASML the world’s 31th most valuable company. 

4. L’Oréal, France 

Market cap: $236.22 Billion 


L’Oréal S.A. is a French personal care company headquartered in Clichy, Hauts-de-Seine, with a registered office in Paris. 

It is the world’s largest cosmetics company and has developed activities in the field, concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. 

As of August 2023, L’Oréal has a market cap of $236.22 Billion. This makes L’Oréal the world’s 40th most valuable company. 

5. Hermès, France 

Market cap: $217.36 Billion 


Hermès International S.A. is a French luxury design house established in 1837. 

It specialises in leather goods, lifestyle accessories, home furnishings, perfumery, jewellery, watches and ready-to-wear. Since the 1950s, its logo has been a depiction of a ducal horse-drawn carriage. 

As of August 2023, Hermès has a market cap of $217.36 Billion. This makes Hermès the world’s 44th most valuable company. 

6. Accenture, Ireland 

Market cap: $204.06 Billion 


Accenture plc is an Irish-American professional services company based in Dublin, specialising in information technology (IT) services and consulting. 

Accenture’s current clients include 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500. As of 2022, Accenture is considered the largest consulting firm in the world by number of employees. 

As of August 2023, Accenture has a market cap of $204.06 Billion. This makes Accenture the world’s 52nd most valuable company. 

7. SAP, Germany 

Market cap: $164.50 Billion 


SAP SE is a German multinational software company based in Walldorf, Baden-Württemberg. 

It develops enterprise software to manage business operations and customer relations. The company is the world’s leading enterprise resource planning (ERP) software vendor. 

As of August 2023, SAP has a market cap of $164.50 Billion. This makes SAP the world’s 63rd most valuable company. 

8. Dior, France 

Market cap: $154.09 Billion 


Christian Dior SE is a French multinational luxury fashion house controlled and chaired by French businessman Bernard Arnault, who also heads LVMH. 

The company was founded in 1946 by French fashion designer Christian Dior. This brand sells only shoes and clothing that can only be bought in Dior stores. 

As of August 2023, Dior has a market cap of $154.09 Billion. This makes Dior the world’s 69th most valuable company. 

9. TotalEnergies, France 

Market cap: $152.10 Billion


TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. 

Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer. 

As of August 2023, TotalEnergies has a market cap of $152.10 Billion. This makes TotalEnergies the world’s 71st most valuable company. 

10. Prosus, Netherlands 

Market cap: $138.92 Billion 


Prosus N.V., or Prosus, is a global investment group that invests and operates across sectors and markets with long-term growth potential. It is among the largest technology investors in the world. 

Prosus has invested across multiple verticals, including social/gaming, classifieds, payments and fintech, edtech, food delivery, and ecommerce. Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets. 

As of August 2023, Prosus has a market cap of $138.92 Billion. This makes Prosus the world’s 85th most valuable company. 

In conclusion, Europe is home to some of the world’s biggest and most successful companies in various fields like luxury goods, healthcare, technology, and energy. This mix of industries shows how strong Europe’s economy is and also offers chances to invest. 

If you’re interested in benefiting from these successful companies, you can think about trading their shares. VT Markets gives you the opportunity to trade Share CFDs for more than 140 top European companies. Share CFDs let you trade on how share prices go up and down without owning the shares directly. This means you can make money whether the prices rise or fall. 

You can start trading by opening a live account with VT Markets today. You’ll be able to trade EU Share CFDs with up to 20:1 leverage and a small commission of 0.1% for each lot you trade. This is your chance to be part of the success stories of Europe’s most important businesses.