SAP came out among the most expensive companies in Europe
The German IT solutions developer SAP is the most valuable European company, has a market capitalization of nearly 310 billion euros. This was announced by Bloomberg news agency on Friday.
It is followed by the first five of the most expensive companies from the Danish drug maker Novo Nordisk, which dramatically increased its revenue due to its weight loss and diabetes medications, including Ozepik and Vegovi.
Third is ASML – a Dutch company, the largest manufacturer of lithographic equipment for the microelectronic industry required for the production of large integrated circuits, memory chips, flashplace, microprocessors.
It is followed by the French luxury fashion house Hermes and the food manufacturer Nestle.
The most significant shift in the arrangement of market capitalization companies is the fall of the first five of LVMH, which owns brands such as champagne Moet, Hennessy cognacs and luxury clothing and accessories Louis Vuitton. It has lost about 25% of its market value since the beginning of the year and is now about 239 billion euros, Bloomberg reports.
« Bourberry » plans to shorten 1700 jobs
Market analysts believe LVMH, as well as other luxury brands, are the victim of low demand in China and the fears of the introduction of additional import duties from the United States.
