Europe is one of the world’s greatest economies, with a total GDP of $15.16 trillion in 2020. Europe has industrialized its economy through manufacturing, agriculture, and service specialization, with a population of over 746.4 million people. The European Union has selected an interconnectivity policy that has benefited its 27 member countries. The coronavirus wreaked havoc on the European economy. In the second quarter of 2020, the GDP contracted by 11.2 percent, the largest loss since 1995. However, in the following three months, the stock rose by 11.6 percent.
Insider Monkey highlights the list of the 10 most valuable companies in Europe. Moody’s assigned British American Tobacco PLC a Baa2 rating. The company has demonstrated consistent cash flow and EBITDA, as well as improved debt metrics. BTI recently purchased a 20% investment in OrganiGram Holdings Inc., a licensed producer in Canada. Unilever N.V. is a multinational consumer goods company based in the Netherlands. The company is ranked ninth among Europe’s top ten most valuable firms. The company was established in 1894 and is based in London. In the last five years, the stock’s price has risen by over 40%. Royal Dutch Shell Plc is a multinational petrochemical and energy corporation headquartered in the Netherlands. Analysts are becoming more enthusiastic as the company’s short- and long-term prospects become clearer. The number of funds bullish on Royal Dutch Shell in our database increased by two to 36. Novo Nordisk A/S is a global pharmaceutical corporation with operations in eight countries. The company’s financial performance in the first quarter of fiscal 2021 was excellent, with an EPS increase of almost 8% to $0.88 per share. Volkswagen AG is a German automaker that sells vehicles under the Volkswagen, Audi, Bentley, Porsche, and Lamborghini brands. Since the beginning of the year, the company’s stock has climbed by 5.8%. For more details, click 10 Most Valuable Companies in Europe.