Overview

• Europe's top 1,000 companies saw a 1.1% drop in revenue and a 6.5% decline in profits in 2024, while US and Asian firms achieved significant growth.
• German companies performed worse than the European average, with revenues down 3.1% and profits falling by 8.5%.
• The US dominates the list of the world's 1,000 largest companies, with 317 firms, compared to Germany's 43.
• Seven US tech giants, including Apple, Microsoft, and Nvidia, rank among the top ten most profitable firms globally, while no European company made the list.
• Geopolitical tensions, industrial transformation, and US tariff policies are exacerbating challenges for Europe's traditional industries, particularly the automotive sector.