Austria's Top Businesses: A Comprehensive Overview

Austria is the 12th richest country in the world in terms of GDP per capita, and has a well-developed social market economy. The country's largest companies include Raiffeisen Bank International, Vienna Insurance Group, Uniqa Insurance Group, and Flughafen Wien (Vienna Airport). Other notable companies include Red Bull, Siemens, and ANDRITZ Hydro, which is a leading supplier of electromechanical equipment and services for hydroelectric power plants.

Largest Austrian companies by market cap

Austria is the 12th richest country in the world in terms of GDP per capita, and it has a well-developed social market economy. The country's largest companies by market capitalisation (as of March 28, 2023) are:

• VERBUND AG: Valued at $27.58 billion, VERBUND AG is Austria's most valuable company.
• OMV AG: Ranked second, with a market cap of $14.28 billion.
• ERSTE GROUP BANK AG: With a market cap of $12.55 billion, it is the third-largest company in Austria.
• ANDRITZ AG: This company has a market cap of $6.8 billion, making it the fourth-largest in the country.
• VOESTALPINE AG: With a market cap of $5.76 billion, it is Austria's fifth-largest company.

Other notable mentions include TELEKOM AUSTRIA AG, RAIFFEISEN BANK INTERNATIONAL AG, STRABAG SE, and OBERBANK AG, which have market capitalisations ranging from $4.89 billion to $3.84 billion.

Raiffeisen Bank International, Vienna Insurance Group, and Uniqa Insurance Group are consistently mentioned as some of the largest Austrian companies by revenue, net profit, and total assets. Additionally, companies like Red Bull, Swarovski, Spar, BitPanda, and GoStudent are also well-known Austrian businesses.

Top industries in Austria

Austria is an emerging market with several unique players. Some well-known Austrian companies include Red Bull, Swarovski, and Spar. In addition, BitPanda and GoStudent reached unicorn status in 2021.

Services

The services industry has the highest number of registered companies in Austria, with 98,175 businesses in total. This includes companies in transportation, communications, electricity, gas, and sanitary services.

Finance, Insurance, and Real Estate

Finance, insurance, and real estate is the second-largest industry in Austria, with 71,807 companies. Notable companies in this sector include Raiffeisen Bank International, Vienna Insurance Group, Uniqa Insurance Group, and Erste Group Bank AG.

Retail Trade

Retail trade is the third-largest industry in Austria, with 60,880 companies. dm drogerie markt GmbH is one of the top companies in this sector.

Construction

With 26,168 companies, the construction industry makes up 8.2% of the Austrian business landscape. Some of the biggest construction companies in Austria include Strabag, PORR, and Internorm International.

Manufacturing

The manufacturing industry makes up 4.4% of the Austrian business landscape, with 14,190 companies. This includes companies that produce and process steel and other metal products, such as Voestalpine.

Top companies with highest sales

Austria is the 12th richest country in the world in terms of GDP per capita, and it has a well-developed social market economy. The country's largest companies include:

• Erste Group Bank AG: With sales of €23.22 billion, Erste Group Bank AG is among Austria's top companies with the highest sales. The company is also recognised as one of the best companies to work for in Austria, according to employee ratings on Kununu.
• Voestalpine AG: This company generated €18.23 billion in sales. Voestalpine AG is also one of the largest Austrian companies by market capitalisation, with a market cap of $5.76 billion.
• STRABAG SE: STRABAG SE made €17.03 billion in sales. They are also one of the top employers in Austria, with 73,606 employees.
• WINGAS GmbH: €15.49 billion in sales places WINGAS GmbH among the top companies in Austria by sales.
• HOLDAG Beteiligungsgesellschaft m.b.H.: Generating €14.89 billion in sales, HOLDAG Beteiligungsgesellschaft m.b.H. has the highest number of employees among Austrian companies, with 74,890 staff.
• Dm drogerie markt GmbH: dm drogerie markt GmbH made €13.66 billion in sales and is recognised as one of the best companies to work for in Austria.

Other notable Austrian companies include Red Bull, Swarovski, Spar, BitPanda, and GoStudent, which reached unicorn status in 2021.

Best companies to work for in Austria

Austria is an emerging market with some unique players. Red Bull, Swarovski, and Spar are all well-known Austrian companies. There have also been a few new unicorns on the scene, with BitPanda and GoStudent reaching billion-dollar status in 2021.

According to Kununu, an employer rating platform based in Austria, the best companies to work for in Austria are DM, EGGER, Boehringer, Raiffeisen, and Accenture. It is important to note that this list may exclude some international companies.

VERBUND AG

VERBUND AG is the most valuable company in Austria in terms of market capitalization, with a valuation of $27.58 billion as of March 28, 2023. The company is engaged in the generation, transmission, and distribution of electricity and operates in Austria and several other European countries.

OMV

OMV is a multinational oil and gas company headquartered in Vienna, Austria, and founded in 1956. It operates in over 30 countries and is one of the largest companies in Austria by revenue, with a presence in Austria, Germany, Romania, and Turkey. OMV's main activities include exploration, production, refining, and marketing, offering products such as gasoline, diesel, lubricants, and petrochemicals.

ERSTE GROUP BANK AG

ERSTE GROUP BANK AG is the third most valuable company in Austria by market capitalization, with a valuation of $12.55 billion. It is a well-known bank headquartered in Vienna, offering services in retail and corporate banking, asset management, and investment banking. The bank operates in several European countries and is known for its brands, including Erste Bank, Sparkasse, and Ceska sporitelna.

Daimler/Mercedes-Benz

Daimler/Mercedes-Benz is one of the most attractive employers in Austria, according to a survey of over 9,000 students in Austria by Universum. While it may not have the highest ratings on employee review sites, it is still a highly desirable company for many, especially in the engineering and IT fields.

Boehringer Ingelheim

Boehringer Ingelheim, also known as Boehringer, is one of the top-rated companies on Kununu. It is a pharmaceutical company headquartered in Ingelheim am Rhein, Germany, with a presence in Austria. The company focuses on developing and manufacturing human and veterinary pharmaceuticals, as well as biobiotechnology products.

Raiffeisen Bank International

Raiffeisen Bank International is one of the largest Austrian companies by revenue and market capitalization. It is headquartered in Vienna and operates in 13 countries, offering retail and corporate banking, leasing services, loans, savings accounts, and investment solutions. Raiffeisen is known for its strong brand presence and customer-centric approach.

Voestalpine

Voestalpine is a leading company in the production and processing of steel and other metal products, headquartered in Linz, Austria. It operates in over 50 countries and is one of the top revenue-generating companies in Austria. Voestalpine is recognized for its high-quality products and established brands, such as voestalpine, Böhler, and Polynorm.

Strabag

Strabag is a construction company founded in 1835 and headquartered in Vienna, Austria. It has a presence in over 70 countries and specializes in building construction, civil engineering, and transportation infrastructure. Strabag is one of the top revenue-generating companies in Austria and is known for its expertise in the construction industry.

Vienna Insurance Group

The Vienna Insurance Group, founded in 1824, is one of the largest insurance groups in Central and Eastern Europe, operating in 30 countries. The company provides a range of insurance products and services, including life, health, property, and casualty insurance, and is one of the top revenue-generating companies in Austria.

PORR

PORR is another prominent construction company headquartered in Vienna, Austria, founded in 1869. It operates in over 15 countries and specializes in building construction, civil engineering, and infrastructure projects. PORR is recognized for its expertise and quality in the construction industry.

Other notable mentions include ANDRITZ AG, TELEKOM AUSTRIA AG, UNIQUA Insurance Group, and Flughafen Wien (Vienna Airport).

Austrian companies with international headquarters

Austria is the 12th richest country in the world in terms of GDP per capita, and it has a well-developed social market economy and a high standard of living. The country's economy is driven by a highly developed industry and international tourism.

Some of the notable Austrian companies with international headquarters include:

Raiffeisen Bank International

Raiffeisen Bank International is one of the largest banks in Austria and has a strong presence in Central and Eastern Europe. It is a leading financial services provider, offering a range of banking and insurance products to its customers.

Vienna Insurance Group

The Vienna Insurance Group is a prominent player in the insurance industry, not just in Austria but also in Central and Eastern Europe. It offers a comprehensive range of insurance products, including life, health, property, and casualty insurance.

Uniqa Insurance Group

Uniqa Insurance Group is another significant player in the Austrian and European insurance market. The company provides a wide array of insurance solutions, including health, life, property, and liability insurance, catering to the diverse needs of its customers.

Erste Group Bank AG

Erste Group Bank AG is one of the largest financial services providers in Central and Eastern Europe. With its headquarters in Austria, it offers a full range of banking products and services to retail, corporate, and institutional clients.

Verbund AG

Verbund AG is Austria's leading electricity company, specialising in the generation and distribution of electricity from renewable sources. The company has a strong focus on hydropower and is committed to sustainable energy production.

OMV AG

OMV AG is an Austrian oil and gas company with international operations. It engages in the exploration, production, refining, and marketing of oil and gas, as well as petrochemicals. OMV AG has a significant presence in Central and Eastern Europe, as well as the Middle East and North Africa.

These companies represent some of the most prominent Austrian businesses with international headquarters, showcasing the country's economic strength and diverse range of industries.

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