European BusinessWeek 50 Scoreboard


Special Report: Europe's BW 50

Slide Show: Europe's Top Companies

The companies in the S&P Europe 350, which was the starting point for our research, represent a huge universe—over 70% of the Europe equities market. We ran our proprietary data screens on these companies, then vetted the list with a board of BusinessWeek editors and correspondents to get the insights and commonsense judgments that purely financial measures can't provide. That process resulted in our list of 50 companies playing at the top of their game. Dive in.


Click column heading once to reorder from highest to lowest. Click twice to reorder from lowest to highest.
2008
2007
Company Name
Country
Overall
Grade
Profitability
%
Profitability
Grade
Sales Growth
Rate %
Sales
Growth
Grade
Stock
Market
Value
2007
Sales
2007
Net Income
Total Return
Past 12
Months
Total Return
Past 36
Months
Economic
Sector
1 11 DEUTSCHE BOERSE  (Ger.)A   44.7 A   108.6 A   18,080.8 2,771.3 911.7 11.8 236.8 Financials
2 4 NOBEL BIOCARE HOLDING  (Switz.)A   51.2 A   20.1 A   2,817.0 665.9 166.2 -50.7 -13.0 Health Care
3 32 NOKIA  (Fin.)A   44.8 A   20.4 A- 75,842.1 51,058.0 7,205.0 8.0 66.6 Information Technology
4 3 DRAX GROUP   (Brit.)A   51.6 A   32.0 A- 2,599.1 1,746.9 494.4 -21.3 -99.0 Utilities
5 1 VALLOUREC  (France)A   52.1 A   26.7 A   9,053.9 6,140.5 986.2 -9.3 502.5 Industrials
6 8 RECKITT BENCKISER  (Brit.)A   47.5 A   11.5 A   26,609.7 7,378.9 1,313.6 9.0 82.7 Consumer Staples
7 2 RIO TINTO  (Brit.)A   34.2 A   35.7 A   74,987.0 20,725.6 5,102.5 94.8 290.0 Materials
8 5 STATOILHYDRO  (Nor.)A   69.9 A   18.6 B+ 73,865.0 65,799.4 5,562.0 14.7 86.6 Energy
9 6 BELGACOM  (Belg.)A   37.6 A   4.2 B- 9,847.6 5,987.0 958.0 -1.6 19.0 Telecommunication Services
10 9 MAN GROUP  (Brit.)A   31.9 A   86.8 A   12,168.9 1,617.6 775.3 -7.1 167.9 Financials
11 12 H&M HENNES & MAURITZ  (Swe.)A   56.3 A   13.2 A- 27,845.2 8,409.0 1,458.4 -17.7 53.6 Consumer Discretionary
12 NAOPAP  (Greece)A   133.2 A   17.7 A   7,975.0 5,065.8 571.4 -4.6 44.9 Consumer Discretionary
13 13 RANDSTAD HOLDING  (Neth.)A   37.2 A   15.8 B   3,174.0 8,186.1 360.3 -50.7 -4.6 Industrials
14 14 ANGLO IRISH BANK  (Ire.)A   31.6 A   42.2 A   6,808.0 5,523.0 998.0 -44.4 6.1 Financials
15 NASALZGITTER  (Ger.)A   42.4 A   19.5 B   7,517.2 10,192.3 901.1 10.5 755.7 Materials
16 7 INDITEX  (Spain)A   36.1 A- 21.0 A   21,719.1 8,196.3 1,001.5 -21.1 61.0 Consumer Discretionary
17 17 CAPITA GROUP  (Brit.)A   27.1 A   17.7 A- 5,136.3 2,903.5 232.8 -3.8 85.8 Industrials
18 NABEIERSDORF  (Ger.)A   39.6 A   6.7 B- 12,404.7 5,507.0 437.0 3.1 103.4 Consumer Staples
19 22 MEDIOLANUM  (Italy)A   32.7 A   26.3 B+ 2,823.8 3,931.9 212.1 -36.5 -7.6 Financials
20 NAPUMA  (Ger.)A   38.3 A- 17.4 A   3,638.0 2,373.5 269.0 -30.6 33.6 Consumer Discretionary
21 20 SCOTTISH & SOUTHERN ENERGY  (Brit.)A   23.5 A- 32.7 A   15,262.2 16,619.2 1,163.1 -3.1 66.2 Utilities
22 NAHAYS  (Brit.)A   115.9 A   11.5 C   2,076.0 2,955.2 207.4 -30.5 -1.9 Industrials
23 NAUNIBAIL-RODAMCO  (France)A- 28.8 A- 55.4 A   13,535.3 2,939.5 959.3 -15.4 89.2 Financials
24 26 BHP BILLITON  (Brit.)A- 41.3 A   18.8 B   52,730.3 27,562.9 9,362.1 62.2 193.1 Materials
25 21 BRITISH SKY BROADCASTING GROUP  (Brit.)A- 45.6 A   7.1 B- 12,152.4 6,373.4 698.8 -2.1 9.1 Consumer Discretionary
26 18 BARCLAYS  (Brit.)A- 32.2 A   30.2 B+ 37,100.5 54,251.7 6,185.7 -32.1 4.0 Financials
27 27 TELENOR  (Nor.)A- 18.8 B+ 16.6 A   21,706.7 11,663.9 2,095.8 -5.2 107.6 Telecommunication Services
28 23 SANDVIK  (Swe.)A- 29.0 A   16.3 B   11,720.2 9,266.8 978.4 -25.8 87.8 Industrials
29 49 ASTRAZENECA  (Brit.)A- 42.6 A   11.2 C   39,441.4 20,627.2 3,904.4 -18.5 5.8 Health Care
30 NAIMPERIAL TOBACCO GROUP  (Brit.)A- 28.6 A   2.4 C   20,699.9 4,593.4 1,267.4 14.7 75.7 Consumer Staples
31 15 NEXT  (Brit.)A- 85.0 A   5.3 C   2,863.3 4,662.2 495.9 -48.8 -12.0 Consumer Discretionary
32 30 OLD MUTUAL  (Brit.)A- 26.1 B+ 31.9 A   8,814.9 16,901.9 1,281.4 -24.4 14.4 Financials
33 NAASML HOLDING  (Neth.)A- 29.8 A   18.0 B   7,991.9 3,808.7 731.9 -8.3 65.0 Information Technology
34 NABG GROUP  (Brit.)A- 36.0 B   26.7 A   55,982.9 11,611.1 2,445.2 71.1 209.9 Energy
35 NABOLIDEN  (Swe.)A- 31.1 A- 27.0 A- 1,911.3 3,563.8 406.5 -59.1 141.5 Materials
36 NAABB  (Switz.)A- 24.6 A   11.8 B- 45,105.8 20,364.8 2,212.8 30.9 336.3 Industrials
37 NABBVA  (Spain)A- 32.8 A   16.0 C   55,123.6 33,549.0 6,126.0 -12.2 39.5 Financials
38 37 PERSIMMON   (Brit.)A- 22.8 B+ 14.6 A   2,230.6 4,222.2 579.1 -52.8 6.9 Consumer Discretionary
39 NAGAS NATURAL SDG  (Spain)A- 13.6 B+ 17.6 A   16,792.5 10,093.0 959.4 3.9 82.4 Utilities
40 NAMETSO  (Fin.)A- 19.8 B+ 16.4 A- 3,933.3 6,250.0 381.0 -24.0 140.7 Industrials
41 34 BANCO POPULAR ESPAÑOL  (Spain)A- 30.2 A   19.4 C+  13,467.0 6,048.4 1,260.2 -20.8 27.5 Financials
42 44 AEGIS GROUP  (Brit.)A- 21.4 B   14.0 A   1,809.6 1,549.4 125.5 -7.4 39.0 Consumer Discretionary
43 39 LONMIN  (Brit.)B+ 27.5 B+ 27.1 A- 6,127.6 1,354.5 219.1 -4.4 256.0 Materials
44 NANESTLÉ  (Switz.)B+ 21.7 B+ 7.5 A- 115,319.1 65,801.0 6,515.1 6.1 68.9 Consumer Staples
45 NABANK OF IRELAND  (Ire.)B+ 28.5 A- 21.8 B- 8,550.4 7,453.0 1,651.0 -39.1 -9.5 Financials
46 NAATLAS COPCO  (Swe.)B+ 28.0 A   7.8 C   12,307.4 6,800.0 792.7 -22.9 93.5 Industrials
47 33 MEDIASET  (Italy)B+ 32.7 A   5.6 C   6,665.0 4,032.8 506.8 -24.4 -29.2 Consumer Discretionary
48 38 LEGAL & GENERAL GROUP  (Brit.)B+ 28.1 A- 21.9 B- 10,102.5 25,490.8 1,013.9 -13.7 39.7 Financials
49 NASWISSCOM  (Switz.)B+ 24.2 A   2.9 C   11,819.3 6,784.3 1,265.2 -8.6 2.8 Telecommunication Services
50 29 A.P. MOLLER - MAERSK   (Den.)B+ 17.0 B   19.7 A   27,520.8 37,537.8 2,471.6 -18.3 1.3 Industrials

FOOTNOTES
PROFITABILITY For non-financial companies, annual pretax operating profit as a percentage of year-end invested capital. For financial companies, annual pretax profits as a percentage of year-end shareholders' equity. Each was calculated for three years, and then averaged.

ASSETS GROWTH RATE This was used to rank financial companies. Three-year average annual asset growth based on the most recently reported three years, calculated using the least-squares method.

SALES GROWTH RATE This was used to rank the nonfinancial companies. Three-year average annual sales growth based on the most recently reported three years, calculated using the least-squares method.

MARKET VALUE Share price on April 30, 2008, multiplied by the latest available common shares outstanding.

TOTAL RETURN (1 YEAR) Annual dividend per share plus April 30, 2008 share price, as a percent of April 30, 2007 share price.

TOTAL RETURN (3 YEAR) Annual dividend per share plus April 30, 2008 share price, as a percent of April 29, 2005 share price.

SALES Latest available sales for the most recent year. Includes all sales and other operating revenues. For financial service companies, this includes interest and non-interest income.

PROFITS Latest available profits for the most recent year. Net income from continuing operations before extraordinary items.

GRADES Companies in the Financial Sector were ranked on Return on Equity and Assets Growth; companies in all other sectors were ranked on Return on Invested Capital and Sales Growth. The overall sector letter grade reflects how the weighted average of the ranked return on capital and ranked sales (or assets) growth compares with others in the same sector. For the overall grade as well as the ROE/ROI and sales or assets growth grades, an "A" places a company in the top 6% of its sector and an "A-" in the top 12% of the sector. The actual ranking was done using the underlying numerical measures. Grades are for information only.

Results for Belgacom, Telenor, and Swisscom adjusted for the small size of sector.

Note: Compustat data provided by Standard & Poor's, a unit of The McGraw- Hill Companies, from sources such as statistical services, registration statements, and company reports that S&P believes to be reliable but are not guaranteed by S&P or BusinessWeek as to correctness or completeness. This material is not an offer to buy or sell any security.