Luxembourg’s top companies, including ArcelorMittal and Ternium, dominate the global market with their impressive revenues. Find out more about these industry leaders in our latest blog post.
1. ArcelorMittal
Industry: basic materials
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $83750 Millions
Stock symbol: MT
ArcelorMittal, founded in 2006, has its headquarters in Luxembourg City, Luxembourg. It operates in over 60 countries worldwide, making it a truly global company. ArcelorMittal is primarily engaged in the production and distribution of steel and mining activities. It offers a wide range of products and services, including flat steel, long steel, and tubular products. Some of its well-known brands include ArcelorMittal, Dofasco, and ArcelorMittal Construction.
2. Ternium
Industry: steel
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $17190 Millions
Stock symbol: TX
Ternium is a multinational steel manufacturing company headquartered in Luxembourg. It was founded in 2005. Ternium operates in various countries, including Argentina, Brazil, Colombia, Mexico, and the United States. The company’s main activities revolve around the production and distribution of steel products, such as hot-rolled and cold-rolled coils, galvanized and electro-galvanized sheets, and pre-painted sheets. Ternium also offers value-added services and operates under different brands, including Ternium, Techint, and Siderar.
3. Tenaris
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10190 Millions
Stock symbol: TS
Tenaris is a multinational company with its headquarters in Luxembourg, founded in 2001. It operates in more than 30 countries worldwide, including Argentina, Brazil, and the United States. The company specializes in the production and distribution of steel pipes for the oil and gas industry. Tenaris offers a wide range of products and services, including casing, tubing, and line pipes. Some of its well-known brands include TenarisHydril and TenarisDalmine.
4. RTL Group
Industry: media and entertainment
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $7620 Millions
Stock symbol: RRTL.F
RTL Group is a media conglomerate headquartered in Luxembourg, founded in 1924. It operates in multiple countries, with a presence in 12 European countries and a total of 61 television channels and 31 radio stations. The company’s main activities include broadcasting, content production, and digital media services. RTL Group offers a wide range of products and services, including television shows, news programs, radio broadcasts, and online streaming platforms. Some of its well-known brands include RTL Television, M6, and Fremantle.
5. Millicom
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $5590 Millions
Stock symbol: TIGO
Millicom, founded in 1990, is headquartered in Luxembourg City, Luxembourg. It operates in multiple countries, with a presence in 9 countries across Latin America and Africa. Millicom primarily engages in providing mobile and cable services, digital solutions, and financial services to its customers. Some of its well-known brands include Tigo, Tigo Money, and Tigo Business.
6. Subsea 7
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $5210 Millions
Stock symbol: SUBC.OL
Subsea 7 is headquartered in London, United Kingdom and was founded in 2002. It operates in over 30 countries worldwide. The company specializes in offshore engineering, construction, and subsea services. They provide a range of products and services including subsea installation, inspection, repair, and maintenance. Subsea 7 is known for its expertise in the oil and gas industry and has established itself as a leading player in the market.
7. Ardagh Metal Packaging
Industry: metal packaging
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4700 Millions
Stock symbol: AMBP
Ardagh Metal Packaging Home Page
Ardagh Metal Packaging is headquartered in Luxembourg and was founded in 1932. It operates in multiple countries, with a presence in over 20 countries worldwide. The company specializes in metal packaging solutions and offers a wide range of products and services, including beverage cans, food cans, aerosols, and specialty containers. Ardagh Metal Packaging is known for its commitment to sustainability and innovation in the packaging industry.
8. Nexa Resources
Industry: mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $3420 Millions
Stock symbol: NEXA
Nexa Resources is a mining and smelting company headquartered in Luxembourg, founded in 2017. It operates in multiple countries, including Brazil, Peru, and Canada. The company’s main activities revolve around the exploration, extraction, and processing of zinc, lead, and copper. Nexa Resources also offers various services related to mining and smelting operations. While it does not have any specific brands, it is known for its commitment to sustainable practices and responsible mining.
9. Globant
Industry: technology
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $1660 Millions
Stock symbol: GLOB
Globant is a multinational technology services and consulting company headquartered in Buenos Aires, Argentina. It was founded in 2003. With operations in over 16 countries, Globant provides a wide range of services including software development, digital transformation, cloud computing, and artificial intelligence. Some of its notable brands include StarMeUp, a platform for employee engagement, and Globant Ventures, an investment arm focused on technology startups.
10. Aroundtown
Industry: real estate
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $1490 Millions
Stock symbol: AT1.F
Aroundtown is a real estate company headquartered in Luxembourg City, Luxembourg. It was founded in 2004. With operations in Germany, the Netherlands, and other European countries, Aroundtown is active in the acquisition, development, and management of commercial and residential properties. They offer a wide range of real estate services and products, including office spaces, hotels, and retail properties. Aroundtown is known for its strong portfolio of brands and properties that cater to various industries and sectors.
More: The Economic System of Luxembourg: An Overview
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