Things go well in Europe.
The fastest growing business in the world: Baden Wuertembergische Landesbank. The bank in Stuttgart in southern Germany jumped from position 128 straight to no.1 in the Global 500. And right after an Arabian and a Chinese company Spanish Construction company ACS is the No.4 in the world and the fastest growing construction business world wide!!! International Airline Group in the UK, a newcomer to the global 500, is the fastest growing Airline business in the world and No.7 in the Global 500 growth leaders. OMV Austria is one of the fastest growing gas station businesses and No.19 in the Global 500 growth list! On the global 500 list of most profitable companies, Dutch Shell made it to No.4 and to No.1 in the Global 500 biggest Companies!!! VW boost profits to staggering $21 Billion and makes it the most profitable automobile manufacturer in the world and No. 13 in the most profitable businesses of all.
Both, the biggest and the fastest growing business in the world are from Europe. Congratulations Europe.
Now – not all is that well. Over 50% of the “exits” – meaning companies that were kicked out of the top 500 – were European companies. One reason is that Chinese companies move fast into the top 500 and only 7% of the newcomer are from Europe. In other words European businesses need to prepare themselves better than ever to keep up with global competition.
The DSEU will keep providing global and European business updates from a Pan European perspective. Flexing the European strength is one of the many tasks we see ahead of us.