The Mediobanca Research Area has today published its survey of the 9M financial statements of over 160 global industrial multinationals and the 26 industrial and services companies included in the FTSE MIB) indexes. The picture to emerge reflects different results, in terms of both sector and geography, and different timing as well, with the widespread recovery in 3Q being obscured by the second wave of the pandemic. Although the aggregate turnover posted by the more than 160 industrial multinationals analysed shrank by 4.3% Y.o.Y., top-line growth was reported by the software/internet companies (up 18.4%), the large-scale distribution operators (up 8.8%), and electronics groups (up 5.7%), with the worst performances recorded by oil and gas (total sales down 32.3%), the aeronautical industry (down 30.6%), and the fashion sector (down 21.3%). The FTSE MIB companies saw an aggregate reduction in revenues of €64bn in 9M 2020 (down 21.6%), wiping off €46bn from their stock market value (down 12.6%). 4Q has at least started well, however, with market cap of €35bn recovered (up 11.0%). The full report is available for download from www.mbres.it
) These are fifteen privately-owned and eleven publicly-owned companies, sixteen operating in manufacturing industry, six energy companies/utilities, three service companies, and one oil and gas company. The full list is as follows: A2A, Amplifon, Atlantia, Buzzi Unicem, CNH Industrial, Davide Campari-Milano, DiaSorin, ENEL, ENI, FCA, Ferrari, Hera, Interpump Group, Inwit, Italgas, Leonardo, Moncler, Pirelli & C., Prysmian, Recordati, Saipem, Snam, STM, Telecom Italia, Tenaris, and Terna.