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R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation Capital Expenditures2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08 2009 2008

No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales4,751.68 6.1 15.3 1,124,497 -21.6 2.8 1,852,609 -0.5 -8.7 0.4 0.3 11.3 13.7 2.5 2.4 1,031,195 -7.7 13.7 8.9

Oil & gas producers (53) number of companies for calculation 18 18 17 18 18 18 17 16 14 18 18 18 18 17 16 16 15 17 18

1 PetroChina 54 China 1,009.36 27.4 32.4 104,058 -4.8 13.9 539,168 12.8 6.5 1.0 0.7 14.2 13.5 1.9 1.7 187,960 -24.0 28.0 22.6

2 Exxon Mobil 74 USA 731.80 24.0 12.7 210,130 -29.1 -3.5 102,700 -1.9 -1.2 0.3 0.2 11.7 19.4 7.1 5.6 212,604 -6.9 7.5 4.5

3 Gazprom 83 Russia 655.82 43.0 29.5 68,768 -15.0 11.6 386,000 -15.4 -4.3 1.0 0.6 30.7 35.3 1.7 1.0 87,107 4.1 25.7 20.3

4 Petroleo Brasiliero 117 Brazil 474.62 -27.6 -2.2 64,028 -22.3 8.3 76,919 3.6 7.3 0.7 0.8 23.5 20.8 6.2 8.8 103,646 -13.6 38.2 25.3

5 Chevron 134 USA 420.26 -27.8 8.8 116,670 -36.8 -6.5 64,000 -4.5 0.8 0.4 0.3 10.6 15.9 6.6 8.7 108,459 13.1 11.9 7.4

6 China Petroleum & Chemicals 143 China 389.58 11.4 9.6 137,316 -7.4 8.9 371,333 3.6 2.9 0.3 0.2 2.7 -0.9 1.0 1.0 68,861 -32.8 8.7 0.2

7 Statoil 204 Norway 250.11 -7.6 8.7 55,775 -29.1 -3.8 28,739 2.6 2.2 0.4 0.3 26.3 30.3 8.7 9.7 43,929 -9.2 18.6 10.0

8 ConocoPhillips 315 USA 132.42 -9.1 17.5 104,083 -32.2 -3.4 30,000 -11.2 -7.9 0.1 0.1 6.6 -1.2 4.4 4.3 56,881 25.7 7.3 8.7

9 Idemitsu Kosan 337 Japan 124.38 7.2 5.9 28,438 -1.7 4.5 7,826 4.3 1.3 0.4 0.4 2.0 1.2 15.9 15.5 2,323 -1.7 2.2 2.0

10 Nippon Mining (now part of JX) 367 Japan 113.03 28.4 16.1 30,434 -6.3 10.3 10,729 4.0 0.4 0.3 -1.7 4.4 10.5 8.5 2.2 2.4

11 Nippon Oil (now part of JX) 426 Japan 92.17 -3.0 6.8 55,320 -1.8 6.5 14,144 11.4 1.2 0.2 0.2 -5.1 3.6 6.5 7.5 1.4 1.6

12 Sasol 439 South Africa 87.27 21.2 65.1 13,046 6.1 29.2 33,544 -1.1 2.2 0.7 0.6 18.8 25.6 2.6 2.1 17,663 11.9 11.4 8.5

13 Lukoil 632 Russia 55.76 -15.8 47,410 -36.8 0.0 143,400 -6.0 0.1 0.1 14.9 12.9 0.4 0.4 32,024 14.3 9.8

14 CNOOC 636 Hong Kong 55.05 6.3 12.7 10,739 -16.5 7.1 4,019 12.1 11.1 0.5 0.4 38.5 43.2 13.7 14.4 51,368 19.1 40.0 27.2

15 SK Energy 680 South Korea 51.24 7.9 3.0 26,256 -16.6 22.9 0.2 0.2 1.9 3.8 6,911 27.9 1.8 2.9

16 Reliance Industries 689 India 50.43 9.2 93.0 22,649 10.3 22.1 24,679 -3.2 -66.1 0.2 0.2 11.7 17.0 2.0 1.8 47,729 2.7 33.0 4.8

17 Taiyo Nippon Sanso 983 Japan 29.47 35.6 21.0 3,711 -2.4 7.7 9,074 0.8 0.6 5.9 8.0 3.2 2,301 11.8 6.7

18 Cosmo Oil 997 Japan 28.92 0.6 3.5 25,666 -2.7 8.7 6,335 0.6 2.5 0.1 0.1 -3.1 2.6 4.6 4.6 1,430 -22.8 1.6 1.0

1,721.29 -2.9 7.9 75,548 -37.0 2.5 313,394 -7.5 -2.8 2.3 1.5 17.6 17.0 4.8 4.5 148,938 15.8 12.4 9.4

Oil equipment, services & distribution (57) number of companies for calculation 11 11 9 11 11 9 10 10 9 11 11 11 11 10 10 10 9 11 11

1 Schlumberger 101 USA 558.95 -2.1 9.0 15,822 -16.4 5.7 77,000 -11.5 3.2 3.5 3.0 18.0 25.7 7.3 6.6 48,866 9.7 10.5 13.7

2 Baker Hughes 188 USA 276.69 -6.8 5.4 6,735 -18.5 2.3 34,400 -13.6 -0.2 4.1 3.6 7.6 20.0 8.0 7.5 11,955 49.7 11.2 11.0

3 Halliburton 222 USA 226.51 -0.3 5.5 10,228 -19.7 -13.4 51,000 -10.5 -21.1 2.2 1.8 13.4 21.6 4.4 4.0 17,771 20.3 12.7 10.0

4 SK 223 South Korea 226.49 -13.4 5,322 -86.5 4.3 0.7 48.0 7.3 2,616 -13.1 58.2 7.0

5 Weatherford International 306 Switzerland 135.66 1.0 9.2 6,152 -8.1 10.3 52,000 4.0 16.4 2.2 2.0 7.5 19.9 2.6 2.7 7,938 -19.9 17.8 25.9

6 Smith International 409 USA 98.27 9.0 16.9 5,728 -23.7 3.9 21,931 -14.7 8.1 1.7 1.2 7.3 15.2 4.5 3.5 7,072 72.9 4.5 4.1

7 Cameron International 643 USA 54.44 13.8 3,640 -10.7 18,100 5.8 1.5 1.2 14.0 15.3 3.0 2.8 6,404 24.6 4.6 4.7

8 BJ Services (now part of Baker Hughes) 739 USA 46.19 -8.0 1.2 2,894 -23.5 -1.7 14,400 -20.0 -3.5 1.6 1.3 5.2 16.5 3.2 2.8 9.5 11.2

9 FMC Technologies 877 USA 35.75 13.2 0.9 3,070 -14.7 4.0 10,400 6.1 -1.9 1.2 0.9 12.0 10.5 3.4 3.2 5,183 36.2 2.5 3.2

10 ION Geophysical 948 USA 31.26 -9.5 11.1 293 -38.2 -5.9 1,128 -20.2 3.6 10.7 7.3 -22.9 -31.3 27.7 24.4 434 87.9 0.7 2.6

11 Oil and Natural Gas 951 India 31.08 12.4 18.2 15,665 8.1 14.0 33,035 0.1 -1.6 0.2 0.2 26.7 29.2 0.9 0.8 40,698 4.4 6.9

98.99 82.2 78.8 2,545 37.0 60.4 7,360 29.2 52.6 3.9 2.9 9.1 32.7 13.5 9.5 9,331 -45.2 62.1 80.4

Alternative energy (58) number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2

1 First Solar 642 USA 54.47 133.2 130.8 1,440 65.8 148.3 4,700 33.4 86.6 3.8 2.7 32.7 35.0 11.6 6.6 7,425 13.5 36.9

2 Renewable Energy 761 Norway 44.52 43.8 51.2 1,105 11.8 28.3 2,660 22.5 25.5 4.0 3.1 -21.6 30.7 16.7 14.3 1,906 -45.2 125.5 118.7

10,632.06 3.4 6.1 316,340 -14.9 0.2 828,081 -0.3 2.3 3.4 2.8 4.3 8.0 12.7 12.2 277,900 9.6 7.2 7.2

Chemicals (135) number of companies for calculation 65 65 65 65 65 65 64 63 60 65 65 65 65 64 63 63 61 60 63

1 Dow Chemical 51 USA 1,039.85 13.9 8.6 31,324 -21.9 -2.9 52,195 13.2 7.0 3.3 2.3 4.8 3.3 19.9 19.8 20,338 15.3 3.1 4.0

2 Sumitomo Chemical 58 Japan 981.67 24.4 12.6 13,388 -5.7 4.7 26,902 5.1 3.6 7.3 5.6 -1.9 5.2 36.5 30.8 4,968 -15.1 7.8 6.7

3 DuPont 60 USA 960.39 -1.1 1.9 18,197 -14.5 -1.6 58,000 -3.3 -0.6 5.3 4.6 10.2 9.2 16.6 16.2 25,474 25.0 5.0 6.5

4 Mitsubishi Chemical 61 Japan 956.80 14.0 12.6 21,779 -0.7 6.5 41,480 64.6 8.0 4.4 3.8 -1.5 3.8 23.1 33.3 5,217 3.0 4.8 5.9

5 Syngenta 81 Switzerland 669.07 -0.9 6.4 7,661 -5.4 11.0 25,925 7.4 9.9 8.7 8.3 16.0 16.0 25.8 28.0 15,468 2.8 6.5 4.2

6 Asahi Kasei 123 Japan 455.55 8.3 5.7 11,628 -8.5 1.2 24,244 1.6 1.7 3.9 3.3 1.7 6.7 18.8 17.6 4,994 0.7 6.3 4.1

7 Toray Industries 144 Japan 373.98 9.0 9.4 11,017 -10.8 1.0 37,924 -1.7 3.0 3.4 2.8 -0.4 5.4 9.9 8.9 6,259 8.5 6.9 8.8

8 Mitsui Chemicals 173 Japan 304.17 -3.6 3.0 11,137 -16.7 0.3 12,964 1.2 1.3 2.7 2.4 -3.4 3.4 23.5 24.6 1,915 -13.4 4.9 4.8

9 Teijin 184 Japan 281.72 3.7 6.4 7,063 -9.0 0.2 19,453 1.7 1.1 4.0 3.5 -2.6 1.6 14.5 14.2 2,181 -9.5 8.0 7.6

10 Shin-Etsu Chemical 185 Japan 280.52 -21.8 5.4 8,990 -12.8 2.1 19,170 -5.3 0.5 3.1 3.5 19.9 21.5 14.6 17.7 14,071 -13.3 15.8 18.5

11 PPG Industries 192 USA 270.42 -14.0 5.1 8,530 -22.8 3.5 39,900 -11.1 7.4 3.2 2.8 6.1 7.1 6.8 7.0 7,632 21.7 2.0 2.4

12 Nitto Denko 279 Japan 162.58 -1.7 2.0 4,327 -22.5 -2.6 28,640 -14.9 1.3 3.8 3.0 1.2 10.5 5.7 4.9 4,105 8.5 10.6 9.0

13 JSR 281 Japan 157.68 10.2 10.0 2,639 -13.4 1.4 5,256 2.6 4.7 6.0 4.7 5.8 14.0 30.0 27.9 2,787 -13.8 6.7

14 Showa Denko 282 Japan 155.30 3.3 2.0 5,077 -32.4 -9.5 11,564 -1.6 1.1 3.1 2.0 -6.5 0.6 13.4 12.8 1,919 14.3 5.8 5.4

15 Kaneka 325 Japan 128.79 3.6 0.7 3,366 -10.6 -1.1 7,321 -2.4 0.1 3.8 3.3 0.0 6.6 17.6 16.6 1,482 -17.3 7.9 6.6

16 Kuraray 345 Japan 122.47 7.3 5.2 2,821 -9.8 0.2 6,861 1.3 0.1 4.3 3.7 4.6 9.1 17.8 16.9 3,140 6.9 10.6

17 Mitsubishi Rayon (now part of Mitsubishi Chemical) 371 Japan 110.97 18.5 10.6 2,583 -17.6 -0.4 7,696 0.0 -0.1 4.3 3.0 -11.4 7.7 14.4 12.2 11.4 7.8

18 DIC 373 Japan 110.27 -5.5 -0.3 6,980 -13.5 -2.5 23,613 -6.2 -2.7 1.6 1.4 1.9 4.0 4.7 4.6 1,133 22.3 4.6 3.5

19 Mitsubishi Gas Chemical 374 Japan 110.11 8.4 11.2 3,351 -13.8 0.6 4,902 4.6 3.3 3.3 2.6 1.8 11.8 22.5 21.7 1,780 -8.4 8.5 6.7

20 Tosoh 383 Japan 107.81 5.9 9.1 5,491 -11.3 4.2 11,166 0.7 6.0 2.0 1.6 -2.4 7.2 9.7 9.2 1,077 -14.5 7.6 8.0

21 UBE Industries 388 Japan 105.74 3.9 4.2 5,126 -2.8 4.8 11,264 1.9 1.8 2.1 1.9 3.3 7.0 9.4 9.2 1,678 -11.4 5.0 4.4

22 Lubrizol 394 USA 102.94 -1.3 3.0 3,196 -8.8 4.3 6,700 -3.9 0.0 3.2 3.0 18.0 1.2 15.4 15.0 4,293 47.7 3.1 4.0

23 Clariant 398 Switzerland 101.14 -18.5 -10.2 4,459 -18.1 -7.8 17,536 -12.8 -6.9 2.3 2.3 -0.4 2.6 5.8 6.2 2,102 67.0 2.0 3.3

24 Huntsman 400 USA 101.06 -5.8 7.9 5,410 -24.0 -16.1 11,000 -12.7 -9.8 1.9 1.5 -0.9 11.1 9.2 8.5 1,545 31.3 2.4 4.1

25 Saudi Basic Industries 408 Saudi Arabia 98.42 -7.3 18.8 19,151 -31.7 6.1 0.5 0.4 11.4 25.5 47,809 17.5 24.4 19.5

26 Sumitomo Bakelite 414 Japan 97.92 1.3 4.7 1,590 -5.7 -4.1 8,071 -8.6 -2.9 6.2 5.7 -5.3 0.5 12.1 10.9 915 -5.1 6.3 4.1

27 Eastman Chemical 418 USA 95.48 -13.3 -6.4 3,517 -26.8 -12.2 10,000 -4.8 -3.1 2.7 2.3 6.1 7.3 9.5 10.5 3,028 10.5 6.1 9.2

28 Lonza 425 Switzerland 93.04 -9.2 8.5 1,814 -8.4 -2.6 8,424 4.2 11.6 5.1 5.2 8.9 15.0 11.0 12.7 3,058 -16.1 18.8 21.2

29 Nippon Shokubai 429 Japan 90.45 8.1 6.1 2,164 -4.5 7.5 3,415 3.8 6.8 4.2 3.7 -1.0 6.4 26.5 25.4 1,310 16.8 6.1 6.8

30 Daicel Chemical Industries 430 Japan 90.18 0.4 2.4 2,830 -9.4 4.1 7,803 1.5 7.7 3.2 2.9 2.5 7.3 11.6 11.7 1,595 -2.9 6.8 11.3

31 Tokuyama 434 Japan 88.88 6.4 8.1 2,253 -2.1 4.6 5,295 4.7 4.6 3.9 3.6 -0.8 10.5 16.8 16.5 1,299 -13.5 18.5 9.0

32 Zeon 451 Japan 84.75 -7.8 7.4 2,013 -11.2 0.7 2,882 -9.0 -0.1 4.2 4.1 0.5 7.0 29.4 29.0 1,165 45.7 10.0

33 Toyobo 472 Japan 79.88 -1.9 1.9 2,750 -14.9 -3.0 11,181 -3.6 -1.5 2.9 2.5 -5.0 0.6 7.1 7.0 882 -6.6 5.9 7.0

34 Nippon Kayaku 485 Japan 78.45 -2.7 0.2 1,006 -7.3 -1.4 4,040 -4.3 -2.1 7.8 7.4 5.1 8.8 19.4 19.1 1,140 5.9 7.2 9.8

35 Denki Kagaku Kogyo 492 Japan 77.00 6.0 5.3 2,502 -8.2 2.8 4,783 2.8 0.3 3.1 2.7 0.6 4.7 16.1 15.6 1,510 25.3

36 Ashland 547 USA 66.91 84.6 26.0 5,649 -3.3 -6.8 14,700 23.5 7.9 1.2 0.6 4.5 2.6 4.6 3.0 2,694 52.7 2.1 2.4

37 FMC 563 USA 64.68 -1.1 -1.4 1,970 -9.3 6.4 4,800 -4.0 -1.4 3.3 3.0 12.2 15.8 13.5 13.1 3,067 17.5 5.7 5.6

38 Tokyo Ohka Kogyo 567 Japan 63.95 5.5 14.6 627 -18.2 -5.3 1,848 -0.1 10.2 7.9 -6.3 8.0 34.6 32.8 516 -32.1 5.4 7.8

39 Avery Dennison 573 USA 63.21 -3.5 1.1 4,149 -11.3 2.2 32,000 -10.4 12.1 1.5 1.4 -11.9 6.1 2.0 1.8 2,615 21.3 1.2 1.9


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales40 Tokai Rubber Industries 578 Japan 62.67 5.8 5.4 2,054 -12.1 2.8 12,533 5.9 9.1 3.1 2.5 1.7 8.2 5.0 5.0 813 -10.9 10.5 8.5

41 Cheil Industries 586 South Korea 61.95 14.4 22.0 2,550 14.3 14.4 3,299 2.4 2.4 4.5 5.4 18.8 2,631 2.9 4.1

42 Air Products and Chemicals 595 USA 60.15 -18.4 -17.1 5,841 -23.4 -2.9 18,900 -10.4 -3.0 1.0 1.0 11.5 12.0 3.2 3.5 11,210 3.0 14.1 9.9

43 NewMarket 597 USA 59.99 5.3 7.0 1,066 -5.4 6.6 1,308 2.2 3.3 5.6 5.1 16.9 7.0 45.9 44.5 1,002 19.0 2.5 2.0

44 Ecolab 599 USA 59.94 0.0 5.5 4,112 -3.9 6.4 26,000 -1.9 4.0 1.5 1.4 11.5 11.0 2.3 2.3 7,756 11.2 4.3 5.3

45 Adeka 628 Japan 56.20 1.3 4.1 1,319 -8.2 2.2 2,697 5.5 4.3 3.9 2.4 8.1 20.8 21.7 714 8.5 4.8 5.5

46 Toyo Ink Manufacturing 657 Japan 53.41 -5.5 0.4 1,795 -6.8 0.5 6,860 1.7 3.0 2.9 0.1 3.4 7.8 8.4 838 12.6 4.2 7.0

47 Cytec Industries 664 USA 52.41 -7.8 0.6 1,944 -23.4 -5.7 5,800 -13.4 -4.7 2.7 2.2 1.1 -3.2 9.0 8.5 1,657 77.8 7.0 5.4

48 Celanese 666 USA 52.27 -6.3 2.3 3,542 -25.5 -8.7 7,400 -11.4 -6.0 1.5 1.2 5.9 5.6 7.1 6.7 2,983 9.0 3.5 4.0

49 Praxair 673 USA 51.57 -23.7 -5.3 6,242 -17.0 2.5 26,164 -2.9 -1.1 0.8 0.9 18.1 17.6 2.0 2.5 18,620 12.1 15.1 14.9

50 Sika 691 Switzerland 50.37 0.8 12.8 2,801 -10.2 2.2 12,635 -2.1 3.8 1.8 1.6 8.4 9.3 4.0 3.9 2,899 44.7 3.2 4.1

51 Cabot 706 USA 49.48 -4.1 7.0 1,563 -29.7 -4.1 3,950 -8.1 -2.8 3.2 2.3 -2.6 4.7 12.5 12.0 1,311 42.5 4.7 6.2

52 WR Grace 711 USA 48.86 -15.2 3.2 1,969 -14.8 0.0 5,940 -5.7 -3.0 2.5 2.5 3.2 5.7 8.2 9.1 1,304 44.0 3.3 4.0

53 Ishihara Sangyo Kaisha 715 Japan 48.68 0.7 3.3 784 -10.8 0.1 1,851 -0.1 -0.6 6.2 5.5 4.9 5.8 26.3 26.1 213 -29.4 7.2 4.6

54 LINTEC 731 Japan 47.03 0.3 8.6 1,459 -3.7 2.6 3,987 4.9 4.1 3.2 3.1 3.8 7.0 11.8 12.3 1,023 4.9 7.3

55 Kureha 749 Japan 45.56 -7.0 -6.3 1,076 -4.0 2.0 3,972 2.3 2.0 4.2 4.4 4.6 7.2 11.5 12.6 641 -19.8

56 Nufarm 772 Australia 44.02 20.5 46.4 1,678 7.4 15.3 3,155 1.4 10.9 2.6 2.3 6.7 10.8 14.0 11.7 659 -56.0 2.2 2.8

57 Sigma-Aldrich 778 USA 43.91 -2.3 6.0 1,497 -2.4 6.1 7,740 -2.3 2.0 2.9 2.9 23.3 22.9 5.7 5.7 4,552 2.1 5.6 4.1

58 Hexion Specialty Chemicals 792 USA 42.51 -16.4 -4.0 2,809 -33.9 -8.3 6,200 -8.8 -3.5 1.5 1.2 7.9 -14.7 6.9 7.5 3.3 2.2

59 Albemarle 796 USA 42.46 -9.5 9.6 1,398 -18.7 -5.4 3,950 -4.4 3.5 3.0 2.7 10.0 11.4 10.7 11.4 2,655 29.1 5.0 4.0

60 Kansai Paint 803 Japan 41.57 -3.5 1.7 1,722 -10.4 2.9 7,758 0.4 6.3 2.4 2.2 5.7 9.7 5.4 5.6 1,517 -1.9 4.5 4.6

61 Nippon Soda 805 Japan 41.30 -2.5 -0.4 1,131 -4.2 1.6 2,388 0.0 -2.0 3.7 3.6 7.2 6.6 17.3 17.7 381 -29.7 3.9 3.0

62 Sanyo Chemical Industries 858 Japan 37.00 5.6 4.6 970 -4.2 6.1 1,742 4.0 5.1 3.8 3.5 -1.0 3.7 21.2 20.9 553 16.8 7.8 6.3

63 Toagosei 918 Japan 33.48 -5.9 -3.7 1,048 -13.9 -3.5 2,561 -2.1 -0.2 3.2 2.9 5.8 5.1 13.1 13.6 755 24.3 3.8 4.0

64 Rockwood 934 USA 32.34 -10.3 3.8 2,065 -13.7 -3.8 9,500 -6.9 0.0 1.6 1.5 7.4 -14.1 3.4 3.5 1,470 40.2 5.2 6.5

65 RPM International 1000 USA 28.78 3.0 6.0 2,378 1.3 0.7 8,873 -8.3 -2.0 1.2 1.2 9.4 6.7 3.2 2.9 1,582 9.8 0.7 1.6

126.11 -6.9 -4.5 18,382 -3.0 1.2 33,503 -0.6 0.5 0.7 0.7 0.0 2.2 3.8 4.0 5,735 6.3 7.0 8.8

Forestry & paper (173) number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2

1 Oji Paper 489 Japan 77.45 -10.8 -5.6 9,487 -3.9 1.4 20,415 1.8 0.3 0.8 0.9 0.8 2.5 3.8 4.3 3,582 9.7 7.7

2 Nippon Paper 716 Japan 48.66 0.2 -2.7 8,895 -1.9 1.0 13,088 -4.2 0.7 0.5 0.5 -0.9 1.9 3.7 3.6 2,153 1.1 7.0 9.9

2,010.95 -0.2 7.3 181,803 -9.6 1.4 390,499 -10.4 -5.0 1.1 1.0 4.4 10.8 5.1 4.4 104,488 -7.9 8.1 7.5

Industrial metals & mining (175) number of companies for calculation 15 15 14 15 15 15 15 14 13 15 15 15 15 15 14 15 14 14 14

1 Nippon Steel 157 Japan 342.86 1.0 6.5 35,710 -1.2 6.9 50,077 1.0 0.9 6.3 12.2 6.8 15,679 -18.8

2 JFE 170 Japan 313.97 6.2 3.2 29,260 10.4 8.0 56,547 -0.2 2.1 1.1 1.1 8.8 12.8 5.6 5.2 13,131 -20.3 7.5 6.3

3 POSCO 178 South Korea 293.04 -1.3 14.2 22,059 -11.7 12.6 29,811 0.3 1.0 1.3 1.2 9.5 16.8 9.8 10.0 25,347 7.0 17.4 9.8

4 Kobe Steel 216 Japan 232.30 3.0 8.8 16,301 2.1 9.3 33,526 -0.4 4.9 1.4 1.4 2.4 8.2 6.9 6.7 4,522 7.4 5.7 6.9

5 Sumitomo Metal Industries 277 Japan 165.61 10.0 10.4 13,808 5.7 5.9 24,245 -2.7 -1.7 1.2 1.2 11.6 16.8 6.8 6.0 8,108 -8.7 9.6 10.3

6 Alcoa 356 USA 117.78 -31.3 -7.4 13,064 -33.3 -15.3 59,000 -32.2 -21.7 0.9 0.9 -7.8 2.6 2.0 2.0 7,573 -16.0 8.6 12.2

7 OneSteel 359 Australia 115.58 22.7 49.9 4,539 -2.6 21.8 11,104 -4.9 13.8 2.5 2.0 5.9 6.9 10.4 8.1 2,586 5.8 2.5 3.5

8 Mitsubishi Materials 436 Japan 88.73 1.5 3.0 10,662 -14.2 7.6 21,224 9.0 3.7 0.8 0.7 1.3 7.7 4.2 4.5 2,645 2.2 4.6 4.5

9 Norsk Hydro 455 Norway 83.25 13.9 -1.7 8,133 -24.4 -30.4 20,757 -10.0 -14.8 1.0 0.7 -1.1 0.9 4.0 3.2 5,613 9.5 4.1 4.6

10 Mitsui Mining & Smelting 598 Japan 59.98 -3.6 10.0 3,198 -28.3 -5.3 11,189 -1.6 3.9 1.9 1.4 -12.3 3.6 5.4 5.5 1,120 -11.4 8.1 6.7

11 Gerdau 684 Brazil 50.98 -31.6 10,611 -36.7 8.7 38,161 -17.4 6.5 0.5 0.4 3.1 19.4 1.3 1.6 12,684 5.2 7.5

12 Nippon Light Metal 756 Japan 44.71 1.9 5.2 4,148 -14.5 -1.3 13,678 -2.9 0.5 1.1 0.9 -5.0 0.3 3.3 3.1 570 35.0 4.1 3.8

13 Nisshin Steel 835 Japan 39.10 -4.5 8.3 4,622 -4.9 3.5 6,216 0.1 0.8 0.8 -2.9 8.5 6.3 6.6 1,178 -25.0 5.4 5.1

14 Daido Steel 942 Japan 31.77 -4.6 5.9 3,988 -9.9 3.5 10,212 -8.3 -1.3 0.8 0.8 0.4 6.5 3.1 3.0 1,399 7.2 4.0 4.2

15 Japan Steel Works 947 Japan 31.28 22.8 11.4 1,700 2.8 9.4 4,752 4.7 3.5 1.8 1.5 13.0 13.5 6.6 5.6 2,335 -31.9 9.8 5.8

890.60 -8.1 23.6 30,216 -30.3 8.2 129,701 1.9 3.2 2.9 2.2 17.5 31.3 6.9 7.6 117,266 27.9 23.5 18.0

Mining (177) number of companies for calculation 4 4 3 4 4 4 4 4 3 4 4 4 4 4 4 4 3 4 4

1 Vale 78 Brazil 683.71 -9.6 26.8 16,247 -37.7 5.9 60,036 -3.9 4.5 4.2 2.9 26.0 40.4 11.4 12.1 98,089 32.4 34.7 24.0

2 China Coal Energy 322 China 129.65 15.5 5,430 4.3 20.7 55,614 9.5 2.2 2.4 2.2 18.7 19.3 2.3 2.2 12,894 17.0 16.6

3 Sumitomo Metal Mining 767 Japan 44.14 -3.5 3.6 5,943 -29.9 8.3 9,312 -4.8 0.9 0.7 0.5 4.2 19.9 4.7 4.7 5,100 -20.5 5.9 5.7

4 Dowa 922 Japan 33.10 -39.5 5.7 2,597 -27.1 3.1 4,739 13.8 1.3 1.5 -7.8 9.0 7.0 13.1 1,184 7.3 7.2 5.8

2,717.22 24.6 9.7 233,178 9.9 6.0 1,021,352 3.7 1.0 1.2 1.0 2.3 3.0 2.4 2.0 89,655 -9.9 4.5 4.8

Construction & materials (235) number of companies for calculation 27 27 24 27 27 24 23 23 20 27 27 27 27 23 23 26 24 24 27

1 China Railway Construction 106 China 527.02 194.0 35,219 57.2 209,103 9.7 1.5 0.8 2.4 2.0 2.5 0.9 9,646 -22.2 4.4 5.1

2 Asahi Glass 158 Japan 336.58 19.3 13.5 8,596 -20.5 -10.9 47,618 -0.3 -4.2 3.9 2.6 3.7 7.6 7.1 5.9 8,200 11.9 11.6 17.6

3 Daikin Industries 219 Japan 228.60 -4.8 4.6 9,002 -6.9 14.9 39,896 9.9 22.0 2.5 2.5 4.6 9.7 5.7 6.6 7,204 -6.3 5.1 3.7

4 China Communications Construction 263 China 177.33 59.8 113.3 23,166 26.8 25.5 100,461 8.0 8.6 0.8 0.6 5.5 6.4 1.8 1.2 9,415 -28.2 6.6 8.5

5 Hilti 267 Liechtenstein 174.56 1.4 6.2 2,592 -18.2 -2.3 19,709 -3.6 4.5 6.7 5.4 4.1 9.6 8.9 8.4 5.0 4.4

6 JS 348 Japan 119.62 2.1 -0.4 7,837 -5.2 -0.3 32,700 2.7 2.5 1.5 1.4 1.2 3.0 3.7 3.7 4,235 17.1 3.4

7 TOTO 413 Japan 97.99 9.1 3.7 3,478 -7.3 -2.1 23,935 13.9 7.5 2.8 2.4 -3.4 3.6 4.1 4.3 1,661 -6.5 3.5 3.5

8 Samsung Heavy Industries 465 South Korea 81.61 24.0 61.6 7,838 22.8 27.3 1.0 1.0 6.4 5.6 3,524 5.5 9.4

9 Nippon Sheet Glass 481 Japan 78.80 -32.2 11.4 5,535 -14.6 40.6 31,436 -3.5 35.1 1.4 1.8 -5.3 3.8 2.5 3.6 1,255 -30.1 5.8 4.7

10 Kajima 500 Japan 74.82 3.7 1.7 14,588 2.9 3.2 15,608 4.5 -0.7 0.5 0.5 0.0 1.8 4.8 4.8 1,758 -20.2 0.9 1.6

11 Taisei 519 Japan 70.87 1.8 0.3 12,287 -4.1 -2.0 15,260 -1.3 -2.7 0.6 0.5 -2.2 2.2 4.6 4.5 1,627 -4.5 0.5

12 China Railway 551 China 66.36 105.7 25.4 34,046 48.2 29.5 276,150 3.4 0.2 0.1 2.4 3.1 0.2 0.1 7,726 -30.1 3.8 3.4

13 Hanjin Heavy Industries 560 South Korea 65.07 15.3 1,932 -16.1 3.4 2.5 10.3 11.4 880 0.6 0.9 4.1

14 Valspar 569 USA 63.63 -5.4 3.4 2,007 -17.3 -1.1 8,800 -6.4 -2.7 3.2 2.8 10.0 8.2 7.2 7.2 2,108 12.9 2.0 1.2

15 Shimizu 609 Japan 58.91 -7.8 0.3 14,132 12.0 8.0 12,115 1.0 -0.2 0.4 0.5 0.6 2.4 4.9 5.3 2,040 -10.4 0.5 1.3

16 Obayashi 644 Japan 54.42 4.6 0.3 12,596 -0.5 4.5 15,150 0.4 16.9 0.4 0.4 1.1 1.3 3.6 3.4 1,995 -14.4 2.3

17 Fortune Brands 725 USA 47.25 -4.8 -2.3 4,666 -12.0 -8.6 24,248 -10.5 -12.5 1.0 0.9 7.5 5.6 1.9 1.8 4,707 13.8 2.4 2.3

18 China National Materials 738 China 46.47 258.3 3,100 20.3 38,787 10.8 1.5 0.5 8.2 9.1 1.2 0.4 1,878 15.5 17.8

19 Central Glass 752 Japan 45.32 -4.4 -0.4 1,367 -5.5 -2.4 4,342 -5.6 -1.7 3.3 3.3 -0.6 4.1 10.4 10.3 570 -13.5 8.0 8.0

20 Owens Corning 792 USA 42.51 -11.6 0.6 3,347 -17.9 -10.3 16,000 -11.1 -5.6 1.3 1.2 4.0 2.8 2.7 2.7 2,302 23.3 5.1 7.4

21 Hyundai Engineering & Construction 837 South Korea 38.85 34.9 6.8 5,553 27.6 22.2 0.7 0.7 6.5 4.7 4,349 10.8 1.7 2.4

22 Hong Leong Asia 840 Singapore 38.57 35.8 28.2 2,208 23.0 21.5 1.7 1.6 6.7 7.1 727 129.2 4.5 3.7

23 Taiheiyo Cement 847 Japan 38.00 -1.6 -3.7 6,527 -6.0 -1.3 18,534 3.6 2.6 0.6 0.6 -2.2 4.5 2.1 2.2 879 -21.9 5.8 6.1


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales24 McDermott International 850 USA 37.78 35.2 42.6 4,316 -5.8 14.5 29,000 9.8 1.4 0.9 0.6 8.6 8.7 1.3 1.1 2,104 -44.1 4.3 3.9

25 AO Smith 865 USA 36.66 8.5 7.5 1,388 -13.6 -2.7 16,000 4.2 -3.9 2.6 2.1 6.6 5.6 2.3 2.2 1,082 27.2 2.9 2.9

26 Weyerhaeuser 882 USA 35.54 -20.3 -9.6 3,853 -51.5 -37.1 14,900 -24.9 -31.7 0.9 0.6 -12.1 -30.6 2.4 2.2 6,154 12.4 4.0 3.9

27 Lennox International 908 USA 34.08 5.2 5.0 2,003 -17.7 -7.8 11,600 -14.1 -10.2 1.7 1.3 3.2 6.0 2.9 2.4 1,629 20.5 2.0 1.8

7,024.23 -6.8 2.9 242,679 1.4 5.1 1,128,753 -4.0 0.6 2.9 3.1 8.7 9.3 6.2 6.4 186,186 15.4 2.0 2.5

Aerospace & defence (271) number of companies for calculation 25 25 25 25 25 25 25 25 24 25 25 25 25 25 25 24 24 25 25

1 Boeing 24 USA 2,418.41 0.9 4.6 47,588 12.1 3.5 157,100 -3.1 0.7 5.1 5.6 3.1 6.9 15.4 14.8 33,065 45.5 1.7 2.7

2 United Technologies 49 USA 1,085.84 -12.0 0.6 36,537 -9.7 3.1 206,700 -7.4 -1.2 3.0 3.1 12.3 13.1 5.3 5.5 45,779 22.0 1.6 2.1

3 Lockheed Martin 109 USA 522.71 -38.5 -13.0 31,494 5.8 4.5 140,000 -4.1 0.0 1.7 2.9 10.2 11.8 3.7 5.8 18,372 -8.1 1.9 2.2

4 Northrop Grumman 132 USA 425.14 5.9 2.0 24,596 4.0 5.2 120,700 -2.3 -0.4 1.7 1.7 7.6 -0.2 3.5 3.2 11,600 10.5 1.9 2.0

5 Raytheon 141 USA 393.78 9.3 6.8 17,341 7.4 2.3 75,000 2.7 -2.1 2.3 2.2 12.2 11.1 5.3 4.9 11,666 -9.6 1.1 1.3

6 General Dynamics 149 USA 362.41 9.7 11.3 22,289 9.1 9.7 91,700 -0.7 4.2 1.6 1.6 11.5 12.5 4.0 3.6 16,083 6.6 1.2 1.7

7 Textron 186 USA 279.48 -15.8 4.5 7,351 -28.8 -5.7 32,000 -25.6 -7.2 3.8 3.2 1.0 7.6 8.7 7.7 3,471 27.9 2.3 3.7

8 Rockwell Collins 206 USA 247.42 -10.1 8.4 3,115 -6.3 5.0 19,300 -4.9 1.2 7.9 8.3 19.7 20.3 12.8 13.6 6,076 26.4 3.4 3.6

9 Goodrich 275 USA 166.57 -15.8 -12.8 4,660 -5.3 4.4 24,000 -4.0 0.8 3.6 4.0 13.5 15.2 6.9 7.9 6,271 31.7 2.5 4.0

10 Elbit Systems 286 Israel 151.07 17.2 33.0 1,974 7.4 23.0 11,238 3.3 11.9 7.7 7.0 8.2 8.0 13.4 11.9 1,562 -19.5 3.8 4.9

11 RUAG 403 Switzerland 100.39 20.7 25.0 1,143 10.3 10.8 7,253 14.9 8.5 8.8 8.0 -6.6 3.9 13.8 13.2 4.8 4.1

12 EMBRAER 404 Brazil 100.36 -26.9 8.5 3,810 -13.7 12.8 18,628 -20.8 -1.1 2.6 3.1 6.3 8.5 5.4 5.8 3,236 14.0 1.9 3.7

13 Bombardier 409 Canada 98.27 -17.5 -6.6 13,497 -1.8 9.2 62,900 -5.7 3.8 0.7 0.9 5.4 6.8 1.6 1.8 5,416 13.1 4.2 3.1

14 Orbital Sciences 494 USA 76.49 113.5 125.0 784 -5.4 11.9 3,100 -8.8 3.5 9.8 4.3 4.4 5.7 24.7 10.5 528 -1.6 4.0 2.2

15 BE Aerospace 514 USA 71.51 -21.9 5.0 1,350 -8.2 19.8 5,500 -15.2 2.8 5.3 6.2 15.3 -1.7 13.0 14.1 1,950 56.9 1.5 1.5

16 Moog 525 USA 69.71 -8.7 13.2 1,289 -2.8 12.3 10,005 13.1 11.2 5.4 5.8 8.1 10.8 7.0 8.6 1,004 23.9 4.4 4.8

17 Kongsberg Gruppen 528 Norway 69.25 10.6 19.4 1,667 25.0 27.2 5,236 9.7 14.5 4.2 4.7 9.1 7.8 13.2 13.1 1,643 62.4 3.2 7.4

18 FLIR Systems 569 USA 63.63 1.5 14.6 799 6.5 25.9 2,079 7.0 13.6 8.0 8.4 30.5 26.3 30.6 32.3 2,971 20.9 3.7 2.6

19 Japan Aviation Electronics Industry 613 Japan 58.22 -8.4 -1.1 921 -21.2 -0.9 5,707 0.6 6.3 5.4 -1.4 7.3 10.2 11.2 382 -9.7 10.4 11.5

20 Alliant Techsystems 661 USA 52.90 -6.9 7.2 3,351 4.9 10.5 18,000 -5.3 4.0 1.6 1.8 10.7 8.4 2.9 3.0 1,606 -9.5 3.0 2.4

21 Esterline Technologies 739 USA 46.19 -23.7 8.0 993 -3.9 13.6 8,901 -8.2 3.0 4.6 5.9 13.1 11.3 5.2 6.2 979 54.5 4.2 2.7

22 L-3 Communications 782 USA 43.21 -27.9 -10.4 10,883 4.8 7.8 67,000 3.1 1.7 0.4 0.6 10.6 11.2 0.6 0.9 5,665 -7.1 1.2 1.5

23 Teledyne Technologies 798 USA 42.37 -7.3 5.0 1,230 -6.8 7.2 8,100 -8.0 1.7 3.4 3.5 9.4 9.9 5.2 5.2 971 18.4 2.1 2.2

24 Singapore Technologies Engineering 811 Singapore 40.83 9.4 12.1 2,754 3.8 7.3 21,006 12.3 6.8 1.5 1.4 9.9 10.6 1.9 2.0 4,981 28.5 5.0 3.6

25 Curtiss-Wright 845 USA 38.09 10.1 12.1 1,261 -1.1 12.2 7,600 -5.0 6.8 3.0 2.7 9.7 10.0 5.0 4.3 911 -10.2 4.2 5.7

10,035.57 -2.5 2.3 397,658 -11.4 -0.5 1,675,862 -4.5 1.3 2.5 2.3 7.5 10.5 5.8 6.1 292,932 10.1 4.9 5.8

General industrials (272) number of companies for calculation 29 29 26 29 29 26 25 24 22 29 29 29 29 25 24 29 25 29 29

1 Toshiba 21 Japan 2,831.89 -3.8 0.5 49,820 -13.2 1.6 199,000 0.5 5.0 5.7 5.1 -5.0 1.5 14.2 14.9 14,435 -1.6 7.2 5.3

2 General Electric 25 USA 2,316.65 10.1 3.8 107,979 -13.8 -2.7 304,000 -5.9 -1.6 2.1 1.7 18.0 24.1 7.6 6.5 114,600 11.2 5.6 8.9

3 Honeywell 63 USA 926.94 -13.8 -2.0 21,541 -15.5 -0.5 122,000 -4.7 1.1 4.3 4.2 10.9 9.8 7.6 8.4 22,238 18.3 2.0 2.4

4 Mitsubishi Heavy 72 Japan 758.63 -6.1 0.2 25,272 5.4 6.5 67,416 5.2 2.7 3.0 3.4 1.7 3.2 11.3 12.6 8,592 -8.5 5.4 6.1

5 3M 96 USA 584.04 -1.5 -0.4 16,116 -8.5 0.3 74,835 -5.5 -0.2 3.6 3.4 20.8 20.7 7.8 7.5 41,754 20.3 3.9 5.8

6 Kawasaki Heavy Industries 181 Japan 286.41 5.6 12.3 10,022 -10.8 0.4 32,266 5.6 3.7 2.9 2.4 0.7 4.8 8.9 8.9 2,925 -8.1 5.1 3.0

7 Eaton 191 USA 275.29 -5.3 7.2 8,275 -22.8 -1.4 70,000 -6.7 5.3 3.3 2.7 3.8 8.4 3.9 3.9 8,802 40.9 1.6 2.9

8 Kubota 241 Japan 196.82 6.1 5.0 8,291 -4.1 1.8 25,140 2.8 2.9 2.4 2.1 8.4 11.1 7.8 7.6 7,520 -0.6 3.0 3.1

9 Onex 255 Canada 184.81 -29.3 -11.1 16,508 -7.6 9.0 210,000 -9.9 7.9 1.1 1.5 1.6 -2.4 0.9 1.1 2,218 21.4 2.5 3.2

10 Doosan 256 South Korea 183.23 24.5 20.2 12,274 -2.1 16.3 1.5 1.2 0.6 0.8 2,069 3.6 4.4

11 ITT 260 USA 179.88 5.6 17.1 7,600 -6.8 11.8 40,200 -1.5 2.3 2.4 2.1 8.3 10.3 4.5 4.2 5,689 -9.1 2.5 2.1

12 Furukawa Electric 288 Japan 148.95 0.5 3.4 7,732 -12.0 5.8 37,427 -0.6 2.3 1.9 1.7 -0.9 3.4 4.0 3.9 1,931 -16.0 3.8 3.7

13 Metallurgical Corporation of China 289 China 148.03 42.0 16,847 4.5 120,385 0.9 0.6 4.9 3.4 1.2 7,949 6.1 5.2

14 OC Oerlikon 297 Switzerland 141.59 -38.1 9.0 1,999 -40.2 9.0 16,369 -14.5 -5.3 7.1 6.8 -20.1 -5.0 8.6 11.9 909 44.7 3.3 5.6

15 Koc 355 Turkey 118.38 -19.4 29.7 19,733 -21.4 -4.9 68,057 -7.6 -8.3 0.6 0.6 8.1 6.2 1.7 2.0 6,379 60.3 2.7 2.6

16 Icahn Enterprises 416 USA 97.57 -1.4 4,269 20.4 42,368 -2.4 2.3 2.8 19.4 -61.2 2.3 2.3 2,159 3.1 15.6

17 NGK Insulators 433 Japan 89.01 -2.3 7.4 2,045 -25.1 -1.3 11,205 -3.0 2.7 4.4 3.3 9.1 19.3 7.9 7.9 3,798 -31.3 10.7 5.6

18 Tyco International 462 Switzerland 82.24 -7.1 1.8 12,015 -19.5 -25.8 106,000 -6.2 0.7 0.6 -8.7 9.6 0.8 0.8 12,654 23.1 4.1 3.4

19 Hyosung 592 South Korea 61.06 2.5 17.9 5,991 4.3 19.6 1.0 1.0 6.0 5.1 1,765 -7.0 4.9 9.3

20 Orkla 619 Norway 57.43 -5.9 -6.0 6,614 -17.7 -1.7 30,167 -4.4 1.7 0.9 0.8 -3.6 5.4 1.9 1.9 5,737 1.2 5.6 10.9

21 Sealed Air 626 USA 56.59 -5.1 1.3 2,957 -12.4 -0.7 16,200 -4.7 -2.4 1.9 1.8 11.3 7.3 3.5 3.5 2,407 13.7 1.9 3.7

22 Israel 660 Israel 52.97 -14.6 22.7 8,710 -36.9 19.3 0.6 0.4 2.8 8.9 4,141 16.9 11.4 4.4

23 Meidensha 670 Japan 51.95 6.3 8.1 1,488 -2.3 2.7 7,133 4.5 2.8 3.5 3.2 -0.3 2.5 7.3 7.2 487 -49.9 3.5 6.2

24 Owens-Illinois 809 USA 40.98 -11.7 22.2 4,925 -10.4 -1.6 22,000 -4.3 -7.7 0.8 0.8 7.7 9.8 1.9 2.0 2,882 -29.7 6.1 4.6

25 Nichias 824 Japan 39.67 -0.9 1.6 1,117 -12.0 2.3 4,494 -1.0 3.2 3.6 3.2 2.8 -10.7 8.8 8.8 381 22.1 4.0 3.9

26 AptarGroup 893 USA 34.99 -17.5 1.4 1,284 -11.1 4.8 8,700 0.0 2.0 2.7 2.9 10.7 11.1 4.0 4.9 1,967 15.9 7.9 9.8

27 MeadWestvaco 961 USA 30.67 -27.9 -12.2 4,216 -12.2 -2.5 20,000 -9.1 -5.9 0.7 0.9 9.3 4.0 1.5 1.9 2,616 -0.6 3.7 4.2

28 IDB 980 Israel 29.62 -21.5 6,486 50.8 0.5 0.9 9.9 14.4 743 4.0 5.9

29 Crown 993 USA 29.27 -10.6 0.0 5,532 -4.4 4.4 20,500 -3.8 -2.0 0.5 0.6 9.1 9.3 1.4 1.5 3,184 11.0 2.3 2.1

773.13 3.1 4.5 24,440 -6.9 1.0 209,666 -2.9 -0.1 3.2 2.9 12.0 11.7 3.4 3.3 33,853 4.2 4.6 4.4

Support services (279) number of companies for calculation 9 9 8 9 9 8 8 8 7 9 9 9 9 8 8 8 7 9 9

1 Automatic Data Processing 155 USA 348.27 -5.0 1.9 6,180 1.0 -1.4 45,000 -4.3 -0.7 5.6 6.0 20.5 19.7 7.7 7.8 13,949 3.7 1.8 2.1

2 NSK 470 Japan 80.04 4.4 3.2 4,848 -16.1 1.0 24,050 -4.1 2.0 1.7 1.3 2.3 8.5 3.3 3.1 2,419 -2.2 7.8 6.1

3 Core Projects & Technologies 603 India 59.65 48.9 101 51.9 58.8 60.0 29.0 22.8 413 1.4 10.1

4 Fiserv 627 USA 56.45 9.5 10.1 2,841 -16.3 -3.6 20,000 0.0 -4.6 2.0 1.5 23.2 18.2 2.8 2.6 5,146 -0.6 4.9 4.1

5 Convergys 638 USA 54.85 23.2 -2.5 1,970 1.5 0.4 70,000 -6.7 -2.3 2.8 2.3 -3.1 -5.1 0.8 0.6 843 -9.0 2.6 3.6

6 Nalco 668 USA 51.99 0.8 6.6 2,611 -11.1 1.3 11,590 -1.5 1.5 2.0 1.8 10.8 -1.6 4.5 4.4 2,237 30.4 2.7 3.2

7 Jack Henry & Associates 729 USA 47.10 0.8 12.1 520 0.1 8.0 3,808 -0.4 4.8 9.1 9.0 21.2 21.9 12.4 12.2 1,438 10.7 4.2 4.2

8 Secom 762 Japan 44.49 2.6 13.5 5,157 -2.5 5.9 34,078 5.8 6.5 0.9 0.8 9.7 16.2 1.3 1.3 7,408 5.0 6.5 6.4

9 RiskMetrics (now part of MSCI) 969 USA 30.29 4.5 27.0 211 2.4 44.2 1,140 3.4 14.3 14.0 22.1 -34.6 26.6 26.3 2.3 3.0

35,429.67 -13.2 -0.8 855,959 -17.4 -3.9 2,668,059 -4.5 -2.0 4.1 4.0 -0.4 2.7 12.3 13.2 380,492 6.8 7.2 7.6

Automobiles & parts (335) number of companies for calculation 62 61 58 62 62 60 53 51 48 62 61 62 62 53 53 60 55 59 59

1 Toyota Motor 1 Japan 6,768.46 -5.7 3.6 153,697 -21.9 -0.8 320,808 1.5 3.9 4.4 3.6 -3.2 9.7 21.1 22.7 84,736 -18.4 11.3 10.5

2 General Motors 8 USA 4,229.08 -24.1 -2.8 80,113 -22.8 -17.9 217,000 -10.7 -8.1 5.3 5.4 -7.7 -19.6 19.5 22.9 3.3 5.1

3 Honda Motor 9 Japan 4,216.44 -4.2 3.3 74,950 -16.6 0.3 181,876 1.6 7.9 5.6 4.9 1.4 7.2 23.2 24.6 40,976 -2.0 13.0 12.6


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales4 Ford Motor 16 USA 3,415.04 -32.9 -12.0 82,454 -19.1 -9.6 198,000 -7.0 -11.2 4.1 5.0 2.6 -2.7 17.2 23.9 28,524 62.3 3.9 4.6

5 Nissan Motor 17 Japan 3,410.02 -0.4 0.6 63,164 -22.1 -3.6 175,766 -2.6 -1.4 5.4 4.2 -3.1 6.9 19.4 19.0 23,686 -1.6 12.4 12.3

6 Denso 28 Japan 2,224.63 -4.6 5.0 23,528 -21.9 -0.5 119,919 0.9 4.3 9.5 7.7 -2.5 8.8 18.6 19.6 17,130 -9.0 10.1 8.5

7 Hyundai Motor 44 South Korea 1,337.60 2.0 15.5 54,743 14.7 12.8 2.4 2.7 7.2 3.8 19,700 53.3 4.1 6.2

8 Aisin Seiki 67 Japan 868.40 0.6 6.8 16,579 -18.0 1.5 73,201 -0.4 7.1 5.2 4.3 -0.5 7.1 11.9 11.7 5,471 2.0 10.4 7.6

9 Suzuki Motor 68 Japan 860.67 5.7 8.5 22,496 -14.2 3.0 30,613 -39.1 -9.1 3.8 3.1 2.2 4.2 28.1 16.2 7,749 -15.2 6.7 6.2

10 Mazda Motor 76 Japan 718.47 -16.1 0.1 18,985 -27.0 -4.6 39,852 1.2 2.9 3.8 3.3 -2.6 4.8 18.0 21.8 2,888 1.7 1.9 2.3

11 Bridgestone 85 Japan 642.10 -8.0 -0.4 19,443 -19.7 -4.6 137,135 -0.6 2.8 3.3 2.9 2.3 2.9 4.7 5.1 10,334 -1.4 7.4 8.3

12 Delphi Automotive 89 USA 627.25 -52.6 -24.6 7,153 -49.6 -27.0 8.8 9.3 -0.9 17.6 9.0 2.6 3.9

13 Yamaha Motor 119 Japan 464.66 -27.1 -7.0 8,637 -28.1 -10.0 49,994 0.5 6.0 5.4 5.3 -14.6 2.5 9.3 12.8 3,404 47.3 4.1 6.3

14 Fuji Heavy Industries 163 Japan 320.66 -17.7 -2.2 10,824 -8.0 -0.7 27,659 4.8 1.9 3.0 3.3 -1.9 2.4 11.6 14.7 3,054 23.6 4.0 3.8

15 Mitsubishi Motors 193 Japan 268.08 3.5 -16.0 14,775 -26.4 -2.4 31,905 -3.9 -3.0 1.8 1.3 -1.9 2.7 8.4 7.8 5,031 -26.4 4.6 3.2

16 Toyota Industries 203 Japan 251.90 -8.4 2.6 11,861 -20.8 1.7 39,916 1.0 6.6 2.1 1.8 -3.2 5.1 6.3 7.0 5,970 -3.9 7.7 6.8

17 Goodyear 212 USA 234.87 -7.9 -2.1 11,361 -16.4 -7.0 69,000 -7.6 -3.6 2.1 1.9 -0.2 2.3 3.4 3.4 1,689 -43.7 4.6 5.4

18 Johnson Controls 214 USA 234.17 -20.8 -7.2 19,861 -25.1 -4.2 130,000 -7.1 -1.5 1.2 1.1 0.1 3.9 1.8 2.1 12,844 22.3 2.3 2.1

19 Visteon 219 USA 228.60 -24.4 -18.0 4,659 -30.0 -16.3 29,500 -11.9 -13.1 4.9 4.5 4.1 -3.8 7.7 9.0 53 -69.6 2.3 3.1

20 Autoliv 226 USA 224.70 -12.2 -6.7 3,569 -20.9 -6.1 37,900 11.5 -3.2 6.3 5.7 1.3 4.8 5.9 7.5 3,260 64.8 2.7 4.5

21 Toyota Boshoku 229 Japan 216.87 -8.7 5.3 7,335 -20.6 3.7 27,078 0.5 8.6 3.0 2.6 1.6 5.6 8.0 8.8 1,979 -19.9 6.1 4.1

22 Dongfeng Motor 232 Hong Kong 213.06 43.9 32.1 9,368 30.0 23.9 94,066 1.4 2.0 2.3 2.1 8.7 6.4 2.3 1.6 7,945 20.1 3.4 5.8

23 Calsonic Kansei 234 Japan 206.47 -1.3 -1.2 5,012 -19.7 -2.2 15,155 1.8 0.4 4.1 3.4 -3.2 0.0 13.6 14.1 541 14.3 3.7 4.8

24 Toyoda Gosei 253 Japan 185.95 -4.4 -0.6 4,091 -17.5 3.1 25,792 -4.6 11.0 4.5 3.9 1.9 8.2 7.2 7.2 1,967 -27.2 8.5

25 Tata Motors 265 India 175.38 -20.7 13.7 13,857 30.4 41.8 1.3 2.1 2.5 -0.4 9.4 8,378 174.8 5.9 11.1

26 SAIC Motor 293 China 145.78 14,255 31.9 4,373 1.0 6.4 0.3 33.3 13,157 1.9

27 Ssangyong Motor 295 South Korea 142.83 52.2 11.2 1,493 -20.0 -9.8 9.6 5.0 -28.0 1.1 236 -25.6 4.9 2.3

28 Koito Manufacturing 299 Japan 140.75 -9.6 -2.7 2,996 -15.0 0.2 14,562 -4.9 1.6 4.7 4.4 2.0 6.4 9.7 10.2 1,539 1.5 6.8 6.0

29 Takata 300 Japan 140.61 -17.1 -2.7 2,886 -25.3 -6.1 28,406 -18.8 -6.7 4.9 4.4 -1.8 7.1 4.9 4.8 1,137 -1.6 4.5 6.4

30 Sumitomo Rubber Industries 309 Japan 134.63 -7.1 1.3 3,927 -13.3 -0.6 20,832 2.3 -4.4 3.4 3.2 4.1 3.6 6.5 7.1 1,777 4.7 6.7 9.3

31 Tokai Rika 310 Japan 134.06 -2.3 0.2 2,526 -23.3 -2.4 14,838 0.4 4.8 5.3 4.2 0.4 7.3 9.0 9.3 1,043 -17.2 6.1 4.7

32 NGK Spark Plug 317 Japan 131.59 0.8 6.2 2,187 -15.5 0.8 11,979 3.3 6.9 6.0 5.0 -14.0 10.2 11.0 11.3 2,048 7.5 10.3 14.8

33 Hyundai Mobis 351 South Korea 119.14 64.1 34.7 10,313 24.4 17.1 1.2 0.9 12.1 9.0 12,020 69.6 2.1 3.7

34 Yokohama Rubber 364 Japan 114.37 -0.1 1.6 3,873 -6.2 4.6 16,772 4.2 4.7 3.0 2.8 -0.3 4.1 6.8 7.1 1,178 -4.7 8.1 5.2

35 TOFAS 370 Turkey 111.22 -19.0 273.6 2,372 6.3 18.7 7,014 -19.3 11.3 4.7 6.1 4.8 4.9 15.9 15.8 1,287 4.7 6.5

36 BorgWarner 381 USA 108.17 -24.6 -6.1 2,761 -24.7 -4.8 12,500 -9.4 -10.4 3.9 3.9 1.8 1.1 8.7 10.4 3,600 46.3 4.3 7.0

37 TRW Automotive 382 USA 108.03 -24.8 -2.6 8,094 -22.5 -4.0 57,500 -11.8 -3.4 1.3 1.4 2.9 -2.8 1.9 2.2 3,071 112.1

38 Harley-Davidson 405 USA 99.73 -12.5 -12.8 3,333 -14.5 -7.3 7,300 -21.5 -6.7 3.0 2.9 4.1 18.4 13.7 12.3 4,197 13.1 2.4 4.2

39 Mahindra & Mahindra 407 India 99.58 28.9 52.3 3,475 22.2 21.6 2.9 2.7 21.3 15.2 5,415 69.6 9.7 13.9

40 Dana 460 USA 82.94 -43.5 -18.6 3,644 -34.7 -18.7 24,000 -17.2 -18.9 2.3 2.6 -7.3 -6.4 3.5 5.1 1,087 248.0 1.9 3.2

41 ArvinMeritor 512 USA 71.79 -24.3 -16.5 3,218 -35.6 -22.2 13,200 -33.3 -21.7 2.2 1.9 -8.3 2.9 5.4 4.8 936 127.2 2.4 2.4

42 Tenneco 544 USA 67.60 34.7 18.7 3,240 -21.4 -0.3 21,000 0.0 3.4 2.1 1.2 2.0 -0.1 3.2 2.4 1,089 107.2 2.6 3.9

43 Toyo Tire 557 Japan 65.61 -8.9 -4.5 2,458 -8.1 3.0 6,972 -3.8 1.8 2.7 2.7 -2.0 2.5 9.4 9.9 382 1.3 8.5 5.2

44 Lear 600 USA 59.88 -24.0 -20.3 6,823 -27.9 -18.1 75,000 -6.3 -10.3 0.9 0.8 13.2 -3.1 0.8 1.0 2,690 17,445.3 0.9 1.2

45 NOK 604 Japan 59.53 -13.1 3,494 -11.3 1.2 34,969 4.1 1.7 1.7 1.2 9.0 1.7 2.0 1,871 19.1 12.8 11.6

46 Hankook Tire 608 South Korea 59.17 4.3 9.6 3,080 15.3 17.5 1.9 2.1 12.0 4.2 2,299 36.6 5.3 7.7

47 AvtoVAZ 620 Russia 57.32 -79.1 22.7 2,373 -46.3 -17.5 103,852 -20.5 -11.6 2.4 6.2 -46.8 -12.6 0.6 2.1 470 30.1 5.0 3.0

48 Sanden 663 Japan 52.56 2.2 4.4 1,622 -17.8 -2.2 8,064 -5.1 0.8 3.2 2.6 -7.5 4.3 6.5 6.1 336 14.5 5.7 3.6

49 WABCO 664 USA 52.41 -19.1 1,039 -42.4 8,100 12.5 5.0 3.6 0.9 9.6 6.5 9.0 1,624 83.8 4.0 3.0

50 Nissin Kogyo 674 Japan 51.54 -5.9 2.6 1,395 -8.0 3.8 8,389 13.1 15.0 3.7 3.6 6.6 10.8 6.1 7.4 654 3.0 5.5 10.1

51 Proton 728 Malaysia 47.12 73.3 -5.2 1,320 15.4 -5.9 11,500 -4.2 1.5 3.6 2.4 -6.9 2.0 4.1 2.3 553 71.1 7.1 7.0

52 American Axle & Manufacturing 735 USA 46.70 -21.2 -7.0 1,060 -27.9 -21.9 6,500 -10.3 -13.4 4.4 4.0 -13.6 -49.9 7.2 8.2 448 276.0 9.3 6.6

53 Weichai Power 742 China 45.96 18.6 38.6 3,600 8.3 74.5 1.3 1.2 13.5 8.9 5,420 62.0 4.9 6.0

54 Kongsberg Automotive 766 Norway 44.20 6.5 32.1 623 -31.3 21.7 8,868 -0.2 48.8 7.1 4.6 -7.4 -0.1 5.0 4.7 162 176.2 2.1 3.8

55 Ichikoh Industries 781 Japan 43.36 -2.6 1.7 764 -15.8 -5.6 3,432 -1.4 -1.2 5.7 4.9 -8.9 5.4 12.6 12.8 112 7.3 6.2 6.8

56 Geely Automobile 794 Hong Kong 42.48 24.9 1,436 228.0 401.1 12,282 23.5 8.9 3.0 7.8 9.9 16.7 3.5 3.4 1,760 6.2 13.8

57 Modine Manufacturing 825 USA 39.66 -29.4 -11.6 906 -17.8 -9.6 5,984 -13.9 -8.1 4.4 5.1 0.0 -6.0 6.6 8.1 339 83.1 4.6 6.5

58 EXEDY 857 Japan 37.04 8.8 10.0 1,248 -11.0 2.9 7,549 1.7 68.8 3.0 2.4 6.2 11.1 4.9 4.6 936 29.9 12.8 7.3

59 Great Wall Motor 904 Hong Kong 34.22 25.0 35.6 1,266 51.0 42.0 25,434 28.6 2.7 3.3 6.9 5.9 1.3 1.4 1,468 0.8 1.5

60 Gentex 924 USA 32.85 -9.2 4.1 380 -12.7 -1.6 2,371 4.0 -0.9 8.7 8.3 17.1 12.6 13.9 15.9 1,757 28.9 3.9 7.3

61 Cheng Shin Rubber Industry 950 Taiwan 31.16 -4.7 18.2 1,841 11.0 20.8 1.7 2.0 20.6 8.0 3,080 50.9

62 Stanley Electric 964 Japan 30.60 -13.6 -2.4 2,121 -20.1 -3.1 12,382 1.4 1.3 7.2 13.0 2.5 2,007 9.5 9.2

816.66 10.6 16.6 55,519 0.1 7.4 255,466 1.8 7.3 1.5 1.3 12.6 12.4 3.2 2.9 88,210 15.1 4.2 5.3

Beverages (353) number of companies for calculation 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2 3

1 Kirin 122 Japan 458.18 14.5 29.3 14,365 -0.2 14.9 35,150 -3.8 14.6 3.2 2.8 3.8 7.7 13.0 10.9 9,375 -4.7 6.6

2 PepsiCo 179 USA 288.54 6.7 6.4 30,130 0.0 7.2 203,000 2.5 6.5 1.0 0.9 19.5 16.9 1.4 1.4 72,693 18.4 4.9 5.7

3 Asahi Breweries 521 Japan 69.94 2.9 3.3 11,024 0.7 0.6 17,316 5.9 4.3 0.6 0.6 5.5 6.3 4.0 4.2 6,142 14.2 2.4 2.5

3,808.78 0.7 7.5 233,587 -2.2 6.9 642,401 -0.3 1.3 1.6 1.6 10.9 9.9 5.9 5.9 255,353 11.5 3.9 3.9

Food producers (357) number of companies for calculation 19 19 18 19 19 18 19 18 18 19 19 19 19 19 18 16 15 18 19

1 Nestle 37 Switzerland 1,497.48 -5.0 8.6 72,560 -2.1 2.4 278,000 -1.8 1.6 2.1 2.1 14.6 13.4 5.4 5.6 120,666 20.5 4.3 4.4

2 Monsanto 70 USA 765.25 12.0 14.8 8,182 1.4 16.9 22,900 5.5 9.4 9.4 8.5 25.9 25.3 33.4 31.5 21,579 -30.2 7.8 7.9

3 Kraft Foods 159 USA 332.44 -4.4 28,147 -5.8 97,000 -1.0 1.2 1.2 13.7 9.6 3.4 3.5 35,858 24.1 3.3 3.2

4 Ajinomoto 201 Japan 252.79 2.7 3.4 8,912 -2.2 2.5 26,869 3.8 1.0 2.8 2.7 1.5 4.4 9.4 9.5 4,747 0.8 4.7 5.1

5 General Mills 283 USA 151.93 4.8 4.5 10,312 0.7 5.9 33,000 10.0 5.0 1.5 1.4 17.6 15.2 4.6 4.8 15,821 20.8 4.4 3.8

6 Kellogg 332 USA 126.15 0.0 -1.7 8,764 -1.9 4.9 30,900 -4.6 6.1 1.4 1.4 15.8 14.9 4.1 3.9 13,333 8.5 3.0 3.6

7 Meiji Seika Kaisha (now part of Meiji) 377 Japan 109.25 -1.2 -4.2 3,100 2.3 2.7 6,922 6.8 3.2 3.5 3.6 2.0 2.9 15.8 17.1 4.7 5.1

8 Campbell Soup 475 USA 79.45 -0.9 4.8 5,287 -9.6 -0.8 18,700 -3.6 -8.0 1.5 1.4 15.5 13.7 4.2 4.1 8,564 14.6 4.5 3.6

9 Yakult Honsha 529 Japan 69.24 3.3 9.9 2,197 -7.5 3.1 17,361 9.7 6.0 3.2 2.8 2.6 9.5 4.0 4.2 3,566 31.8 9.6 8.0

10 ConAgra Foods 629 USA 56.17 17.0 14.2 9,047 -6.0 -2.9 25,600 2.4 -8.1 0.6 0.5 13.2 12.0 2.2 1.9 6,625 9.8 3.4 3.3

11 Meiji Dairies (now part of Meiji) 667 Japan 52.00 -2.5 -2.1 5,326 0.6 0.0 7,205 1.0 0.1 1.0 1.0 1.8 2.3 7.2 7.5 3.4 5.6

12 McCormick 717 USA 48.09 9.4 5.4 2,225 0.5 5.5 7,500 0.0 0.0 2.2 2.0 14.7 12.4 6.4 5.9 3,345 28.6 2.6 2.7


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales13 NOF 718 Japan 47.56 7.6 5.0 1,125 -5.5 1.6 3,811 1.5 2.9 4.2 3.7 1.9 5.4 12.5 11.8 544 -22.1 3.4 5.5

14 Fonterra Co-operative 741 New Zealand 46.15 2.1 -2.8 8,132 -4.1 7.9 15,600 -1.9 -3.6 0.6 0.5 6.0 2.9 3.0 2.8 3.7 2.9

15 Nisshin Seifun 812 Japan 40.79 6.1 1.0 3,494 8.1 3.5 5,200 0.7 0.6 1.2 1.2 4.6 4.0 7.8 7.4 2,205 4.1 4.2

16 Ezaki Glico 884 Japan 35.46 0.7 0.3 2,164 3.7 3.5 4,882 59.9 1.6 1.7 0.6 1.3 7.3 1,228 3.8 3.7

17 Archer Daniels Midland 896 USA 34.85 2.0 3.6 48,234 -0.9 23.7 28,200 2.2 1.7 0.1 0.1 4.0 4.0 1.2 1.2 13,468 8.0 2.7 2.5

18 Barry Callebaut 913 Switzerland 33.70 24.5 8.7 3,290 0.1 4.6 7,525 3.4 -3.0 1.0 0.8 6.8 6.4 4.5 3.7 2,276 9.5 2.3 4.6

19 Kikkoman 973 Japan 30.06 7.0 5.3 3,089 -0.3 4.7 5,226 -28.9 -6.6 1.0 0.9 3.7 4.3 5.8 3.8 1,529 -12.5 4.1 4.7

2,617.69 -4.4 1.2 121,883 -5.8 1.9 351,851 -0.9 -1.0 2.1 2.1 12.0 12.0 7.3 7.4 155,652 10.6 4.1 3.5

Household goods & home construction (372) number of companies for calculation 16 16 16 16 16 16 15 15 14 16 16 16 16 15 16 14 13 16 16

1 Procter & Gamble 40 USA 1,424.56 -8.2 -0.5 55,545 -4.6 5.3 135,000 -2.2 -0.7 2.6 2.7 21.2 21.0 10.6 11.2 118,340 11.1 4.1 3.6

2 Whirlpool 166 USA 317.11 4.4 2.1 11,917 -9.6 -2.6 67,000 -4.3 -2.8 2.7 2.3 3.0 2.4 4.7 4.3 4,065 36.2 3.2 2.9

3 Sekisui Chemical 247 Japan 190.31 -1.2 3.3 6,994 -2.6 1.8 19,742 4.4 3.2 2.7 2.7 1.7 2.7 9.6 10.2 2,376 3.4 2.8 3.4

4 Black & Decker (now part of Stanley Black & Decker) 432 USA 89.07 -12.5 -2.9 3,328 -21.5 -9.5 19,900 -10.0 -7.9 2.7 2.4 5.3 7.0 4.5 4.6 1.3 1.6

5 Newell Rubbermaid 461 USA 82.52 -0.9 5.1 3,887 -13.8 -6.0 19,500 -4.4 -6.0 2.1 1.8 10.2 3.1 4.2 4.1 3,107 16.9 2.7 2.4

6 Clorox 475 USA 79.45 2.7 4.8 3,798 3.4 5.4 8,300 0.0 2.5 2.1 2.1 18.3 16.3 9.6 9.3 6,313 12.9 3.6 3.2

7 Daiwa House Industry 616 Japan 58.04 -1.5 7.8 12,660 -1.1 3.4 23,985 2.4 4.5 0.5 0.5 1.0 2.0 2.4 2.5 3,971 -12.1 9.1 5.4

8 Rinnai 668 Japan 51.99 6.1 0.8 1,772 0.8 3.6 7,772 143.0 2.9 2.8 6.1 4.2 6.7 15.3 2,170 28.0 4.5 3.5

9 Makita 675 Japan 51.53 16.2 12.6 2,201 -14.2 8.7 10,412 -0.2 6.5 2.3 1.7 17.0 19.5 4.9 4.2 2,874 1.6 5.8 4.4

10 JohnsonDiversey (now Diversey) 767 USA 44.14 -5.6 -2.5 2,168 -8.2 -0.3 10,400 -3.7 -1.9 2.0 2.0 4.3 4.1 4.2 4.3 2.2 2.9

11 Noritz 799 Japan 42.32 -6.9 3.3 1,357 0.7 1.0 5,273 -0.3 3.4 3.1 3.4 0.4 -0.3 8.0 8.6 668 64.8 2.7 4.3

12 Metall Zug 820 Switzerland 39.91 -0.4 17.1 519 -2.2 10.2 3,016 1.7 14.3 7.7 7.5 7.5 11.5 13.2 13.5 499 25.8 19.6 10.5

13 Scotts Miracle-Gro 830 USA 39.24 61.3 27.9 2,189 5.4 5.2 6,851 7.4 6.2 1.8 1.2 8.5 3.3 5.7 3.8 2,268 2.3 1.9

14 Church & Dwight 843 USA 38.40 7.6 7.2 1,757 4.1 9.0 3,700 5.7 0.0 2.2 2.1 17.0 14.7 10.4 10.2 3,065 9.6 5.4 4.1

15 Sekisui House 846 Japan 38.08 -17.8 -5.9 10,131 -10.6 -5.4 0.4 0.4 -3.4 1.8 2.9 4,244 -6.3 1.6 2.6

16 Snap-on 953 USA 31.01 -16.0 -0.9 1,659 -16.6 -1.3 11,000 -4.3 -3.9 1.9 1.9 10.5 13.5 2.8 3.2 1,691 13.1 2.7 2.6

11,565.82 -6.3 -0.1 182,266 -12.0 0.4 651,417 -6.2 -2.4 6.3 6.0 0.0 5.8 17.1 16.7 118,742 -2.6 5.1 3.7

Leisure goods (374) number of companies for calculation 25 25 24 25 25 24 19 19 18 25 25 25 25 19 21 25 24 23 24

1 Panasonic 12 Japan 3,877.41 -6.6 -2.8 58,137 -14.4 -4.4 292,250 -4.4 -4.4 6.7 6.1 -5.0 4.7 13.3 13.6 21,607 -17.6 6.7 4.6

2 Sony 13 Japan 3,723.07 -4.5 -2.2 57,148 -12.8 3.2 171,300 -5.1 2.6 6.5 5.9 -3.0 4.9 21.7 21.6 21,290 6.8 6.5 3.8

3 Electronic Arts 69 USA 856.55 -9.6 5.7 2,547 -13.2 5.7 7,800 -14.3 -0.4 33.6 32.3 -19.3 -21.1 109.8 104.1 3,607 -24.9 2.0 2.7

4 Nikon 121 Japan 460.34 5.3 18.3 6,586 -8.0 6.4 23,759 -6.2 8.3 7.0 6.1 4.5 12.0 19.4 17.2 4,884 -1.2 3.5 3.0

5 Activision Blizzard 127 USA 436.99 -20.6 67.6 2,982 6.1 41.4 7,000 0.0 48.8 14.7 19.6 -0.5 5.0 62.4 78.6 9,276 -17.5 1.6 1.5

6 Nintendo 167 Japan 316.34 14.2 11.4 13,765 9.9 53.5 4,130 9.6 9.4 2.3 2.2 30.1 28.6 76.6 73.5 25,968 -1.3 1.2 0.5

7 Eastman Kodak 205 USA 248.11 -28.9 -20.6 5,301 -19.2 -16.9 20,250 -17.0 -20.9 4.7 5.3 -1.4 -9.2 12.3 14.3 693 -15.0 2.0 2.7

8 Harman International Industries 217 USA 231.18 -16.2 3.2 2,015 -29.7 -3.8 9,482 -18.9 -5.5 11.5 9.6 -17.7 3.2 24.4 23.6 1,435 12.0 2.8 3.4

9 Yamaha 268 Japan 173.82 -6.6 -1.2 3,438 -16.3 -4.9 26,803 1.1 11.0 5.1 4.5 -2.2 6.0 6.5 7.0 1,528 -14.9 4.5 4.6

10 Garmin 276 Cayman Islands 166.14 15.7 28.1 2,054 -15.7 18.4 8,437 -5.4 21.1 8.1 5.9 26.8 24.7 19.7 16.1 3,669 -8.6 1.7 3.4

11 Namco Bandai 319 Japan 131.11 -0.4 -4.7 3,192 -7.4 -1.8 4.1 3.8 4.2 5.9 1,639 -8.3 1.9 2.3

12 Hasbro 330 USA 126.28 -5.3 1.9 2,835 1.2 8.9 5,800 -1.7 0.0 4.5 4.8 14.5 12.3 21.8 22.6 4,169 60.7 2.6 2.9

13 Mattel 350 USA 119.39 -9.9 -0.4 3,785 -8.2 -1.3 27,000 -6.9 -5.5 3.2 3.2 13.3 9.2 4.4 4.6 5,450 20.7 2.2 3.4

14 Samsung Techwin 411 South Korea 98.08 41.3 2,166 5.5 4.5 3.4 0.1 7.2 3,529 54.9 3.3 2.2

15 Casio Computer 423 Japan 94.56 -14.4 -11.5 3,878 -16.9 -3.7 12,358 -6.4 -0.8 2.4 2.4 -5.3 5.3 7.7 8.4 1,408 -8.7 2.4 3.6

16 Shimano 578 Japan 62.67 -10.5 6.0 1,398 -20.6 3.1 4.5 4.0 8.4 15.9 7.3 3,287 14.0 4.5 3.9

17 Brunswick 588 USA 61.68 -27.6 -12.5 1,935 -41.0 -22.5 15,003 -24.1 -18.8 3.2 2.6 -21.2 -12.4 4.1 4.3 912 66.5 1.2 2.2

18 THQ 593 USA 60.80 -20.1 -3.5 627 8.3 -4.3 1,680 -16.0 -5.6 9.7 13.2 -1.1 -46.7 36.2 38.1 158 -46.4 0.7 1.0

19 Inventec Appliances 685 Taiwan 50.94 -2.1 3.9 1,512 -25.1 -16.7 3.4 2.6 3.1 3.9 2.8 301 -15.6 1.2

20 Roland 687 Japan 50.71 0.5 2.5 752 -7.4 4.0 2,708 7.1 6.7 6.2 6.1 12.4 18.7 20.0 186 -11.9 3.0 3.7

21 Coretronic 691 Taiwan 50.37 15.2 15.2 1,687 -3.1 1.4 3.0 2.5 3.8 3.4 742 21.2

22 TiVo 776 USA 43.94 1.5 7.5 166 -4.8 -2.8 509 9.9 4.1 26.5 24.9 -11.0 34.8 86.3 93.5 670 -15.8 2.2 1.8

23 Polaris Industries 778 USA 43.91 -18.7 -5.2 1,091 -19.6 -1.9 3,000 -9.1 -4.1 4.0 4.0 9.9 9.6 14.6 16.4 1,262 41.2 2.8 3.9

24 Vestel Elektronik Sanayi Ticaret 786 Turkey 42.92 2.5 1,826.7 2,160 -1.0 -3.9 12,148 -21.6 1.3 2.0 1.9 7.8 5.1 3.5 2.7 360 1.6 2.6

25 Hannstar Display 842 Taiwan 38.53 20.3 -2.8 1,108 -15.9 -8.0 3.5 2.4 -27.4 -3.8 712 -16.3 2.9 6.6

1,783.98 -0.7 3.8 74,080 -2.5 5.3 670,920 -0.9 3.0 2.4 2.4 12.1 12.2 2.7 2.7 115,074 15.9 3.5 4.1

Personal goods (376) number of companies for calculation 15 15 13 15 15 13 15 15 10 15 15 15 15 15 15 15 12 15 15

1 Kao 156 Japan 345.33 2.3 4.6 9,555 -3.2 9.5 33,745 2.6 4.1 3.6 3.4 7.7 8.8 10.2 10.3 9,196 7.1 2.6 2.9

2 Givaudan 195 Switzerland 262.28 -6.7 12.9 2,669 -3.1 10.8 8,501 -3.1 12.0 9.8 10.2 11.7 9.3 30.9 32.1 5,813 45.3 2.4 4.7

3 Kimberly-Clark 233 USA 209.78 1.3 0.0 13,322 -1.5 4.5 56,000 5.7 0.6 1.6 1.5 14.8 13.1 3.7 3.9 18,489 8.6 4.4 4.7

4 Colgate-Palmolive 250 USA 187.48 6.3 3.7 10,682 0.0 7.8 38,100 4.1 3.2 1.8 1.7 23.7 19.7 4.9 4.8 25,874 3.8 3.8 4.5

5 International Flavors & Fragrances 307 USA 135.10 -8.9 1.4 1,621 -2.6 3.5 5,400 1.9 2.0 8.3 8.9 14.5 14.8 25.0 28.0 2,579 27.7 2.9 3.6

6 Shiseido 365 Japan 114.12 4.6 -2.5 5,168 -4.6 0.9 28,810 0.1 3.8 2.2 2.0 5.6 8.7 4.0 3.8 6,125 29.7 2.3 2.4

7 Swatch 378 Switzerland 109.23 -5.3 3.1 3,467 -9.4 2.2 23,727 -2.2 4.9 3.2 3.0 17.7 20.5 4.6 4.8 12,028 41.4 4.2 5.2

8 Pou Chen 386 Taiwan 106.72 -6.2 3.4 4,498 -1.0 3.2 332,653 -3.6 2.4 2.5 8.6 6.9 0.3 0.3 1,604 18.0 4.8 6.5

9 Lion 542 Japan 67.81 6.3 4.6 2,410 -4.8 -0.9 5,750 -0.4 -0.1 2.8 2.5 3.3 2.1 11.8 11.0 1,075 2.6 3.1

10 Estee Lauder 624 USA 56.87 0.9 4.3 5,104 -7.4 4.3 31,300 -2.2 6.1 1.1 1.0 6.0 10.2 1.8 1.8 8,020 54.8 3.8 4.5

11 Avon Products 736 USA 46.49 -4.7 0.5 7,236 -1.9 5.8 41,000 -2.4 0.6 0.6 0.7 9.7 12.3 1.1 1.2 8,789 -9.4 2.9 3.6

12 Natura Cosmeticos 757 Brazil 44.70 7.9 1,696 18.6 6,260 9.9 2.6 2.9 21.8 21.6 7.1 7.3 7,061 2.6 2.2

13 Unicharm 919 Japan 33.38 -1.0 3.5 2,604 3.3 8.8 6,904 6.9 1.3 1.3 8.5 10.1 4.8 5.2 5,684 48.6 4.3 5.2

14 Kose 930 Japan 32.44 1.2 1.7 1,334 -1.2 0.1 5,370 5.7 2.4 2.4 6.8 8.4 6.0 6.3 979 12.9 3.2 2.7

15 Hanesbrands 937 USA 32.27 -0.3 2,712 -8.4 47,400 4.9 1.2 1.1 5.7 7.5 0.7 0.7 1,758 3.3 4.4

758.32 -2.0 -19.9 90,884 -5.6 -6.4 141,827 1.0 -33.0 0.8 0.8 16.1 17.3 5.3 5.5 132,405 12.3 1.8 2.0

Tobacco (378) number of companies for calculation 4 4 3 4 4 3 4 4 3 4 4 4 4 4 4 4 4 4 4

1 Japan Tobacco 152 Japan 354.09 4.7 8.0 51,151 6.6 13.8 47,977 1.1 15.1 0.7 0.7 4.2 5.9 7.4 7.1 22,077 7.4 1.6 1.9

2 Philip Morris International 215 USA 233.48 0.3 17,448 -2.6 77,300 2.2 1.3 1.3 40.1 39.9 3.0 3.1 66,413 5.7 2.9 4.3

3 Altria 341 USA 123.36 -23.7 -43.9 16,417 -32.2 -30.5 10,000 -3.8 -61.5 0.8 0.7 25.7 22.0 12.3 15.5 32,462 28.1 1.2 0.7

4 Reynolds American 721 USA 47.39 15.3 5.4 5,868 -4.8 -0.4 6,550 -5.1 -5.7 0.8 0.7 21.0 22.8 7.2 6.0 11,453 25.7 1.7 1.3

6,412.09 4.4 8.7 89,370 1.2 9.1 442,678 4.2 4.8 7.2 7.0 12.9 12.8 14.5 14.5 194,150 1.4 4.8 5.4

Health care equipment & services (453) number of companies for calculation 42 42 42 42 42 42 42 42 40 42 42 42 42 42 42 38 37 41 42

1 Medtronic 53 USA 1,017.54 7.7 5.6 11,024 8.3 8.7 43,000 4.9 4.2 9.2 9.3 26.6 18.0 23.7 23.0 26,847 -6.2 3.6 3.4


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales2 Boston Scientific 75 USA 721.34 2.9 0.9 5,707 1.7 1.5 26,000 4.8 -3.1 12.6 12.5 -11.1 -22.0 27.7 28.3 5,794 -50.5 3.8 4.5

3 Baxter International 86 USA 639.10 5.6 14.3 8,755 1.7 6.6 49,700 2.5 1.2 7.3 7.0 23.0 20.1 12.9 12.5 18,617 -19.8 8.1 7.7

4 Olympus 108 Japan 524.14 6.2 15.1 7,343 -13.1 0.1 36,503 2.0 3.4 7.1 5.8 -6.9 9.2 14.4 13.8 4,893 -7.7 4.5 4.2

5 St Jude Medical 142 USA 390.13 5.3 9.1 3,263 7.3 12.3 14,000 0.0 8.4 12.0 12.2 23.5 14.6 27.9 26.5 8,495 -8.0 7.0 7.9

6 Becton Dickinson 183 USA 284.44 3.0 4.3 5,030 0.8 7.3 29,116 3.0 2.6 5.7 5.5 23.3 21.8 9.8 9.8 11,481 3.6 8.2 8.4

7 Stryker 213 USA 234.31 -8.6 1.2 4,686 0.1 7.5 18,582 5.6 -0.4 5.0 5.5 23.7 22.5 12.6 14.6 12,884 15.8 2.0 2.3

8 Beckman Coulter 254 USA 185.67 -4.9 0.2 2,272 5.2 8.8 11,800 7.3 4.5 8.2 9.0 7.1 9.7 15.7 17.7 2,198 -31.6 5.0 9.7

9 Thermo Fisher Scientific 271 USA 171.52 -1.2 13.1 7,046 -3.7 38.7 35,400 2.6 5.1 2.4 2.4 10.4 11.7 4.8 5.0 12,579 -1.9 2.1 2.5

10 Zimmer 294 USA 143.15 5.9 2.9 2,854 -0.6 5.4 8,200 -3.5 5.9 5.0 4.7 24.9 26.4 17.5 15.9 7,204 6.4 2.6 11.8

11 Terumo 327 Japan 128.46 8.9 -1.6 2,267 -1.2 7.0 13,439 9.1 7.5 5.7 5.1 17.6 22.1 9.6 9.6 7,482 2.9 5.9 5.2

12 CR Bard 336 USA 125.17 -9.8 7.2 1,767 3.4 8.5 11,000 0.0 5.4 7.1 8.1 26.5 21.0 11.4 12.6 5,216 4.1 1.9 2.1

13 Edwards Lifesciences 346 USA 122.31 26.1 15.4 921 6.8 8.4 6,400 3.2 4.9 13.3 11.2 16.4 12.5 19.1 15.6 4,527 79.2 4.8 4.1

14 Synthes 357 USA 117.33 -0.9 10.3 2,366 6.3 12.4 10,326 8.6 8.7 5.0 5.3 34.3 33.6 11.4 12.4 9,599 4.4 8.8 8.2

15 Bio-Rad Laboratories 366 USA 114.01 2.5 9.9 1,244 1.1 11.9 6,600 0.0 6.9 9.2 9.0 13.0 9.8 17.3 16.8 1,658 3.7 3.7 4.8

16 Varian Medical Systems 395 USA 102.71 8.7 13.6 1,550 7.4 11.7 5,100 4.1 9.4 6.6 6.6 20.8 20.2 20.1 19.3 4,690 45.7 2.8 3.9

17 TOPCON 442 Japan 86.76 13.9 14.5 843 1.7 3.1 4,964 56.5 10.3 9.2 -9.4 10.3 17.5 24.0 286 -15.8 3.1 2.6

18 Bruker 450 USA 84.96 -6.9 35.7 777 0.7 36.7 4,500 2.3 33.2 10.9 11.8 11.9 9.8 18.9 20.7 1,495 27.1 1.5 4.3

19 Sysmex 468 Japan 80.64 16.8 9.6 837 1.0 8.4 4,148 5.9 14.8 9.6 8.3 13.2 13.3 19.4 17.6 2,273 56.0 8.4 7.5

20 Millipore (now part of Merck, Germany) 473 USA 79.85 11.7 9.8 1,153 3.3 9.6 6,100 3.4 0.0 6.9 6.4 16.8 14.6 13.1 12.1 4.4 4.8

21 Inverness Medical Innovations (now Alere) 483 USA 78.65 0.9 28.1 1,409 21.0 52.6 11,300 36.1 64.0 5.6 6.7 7.0 3.4 7.0 9.4 1,663 -15.2 5.0 4.0

22 Intuitive Surgical 527 USA 69.35 25.4 49.5 733 20.3 41.3 1,263 20.4 30.9 9.5 9.1 35.9 35.5 54.9 52.7 8,659 43.5 7.1

23 Hologic 556 USA 65.74 15.9 49.4 1,141 -2.2 52.4 3,959 0.7 34.8 5.8 4.9 -123.4 -11.8 16.6 14.4 2,666 0.4 1.9 3.2

24 Biomet 559 USA 65.17 13.7 3.3 1,745 17.3 7.3 7,107 -1.6 20.4 3.7 3.9 -14.9 -31.7 9.2 7.9 7.4 7.9

25 Kinetic Concepts 565 USA 64.18 21.4 35.9 1,389 6.1 13.3 6,800 -1.4 2.6 4.6 4.0 22.2 18.6 9.4 7.7 1,750 4.2 5.2 7.0

26 Cochlear 594 Australia 60.49 23.1 19.4 435 15.5 15.4 1,888 5.5 19.7 13.9 13.0 25.0 26.9 32.0 27.5 2,458 21.8 2.9 3.0

27 Sonova 611 Switzerland 58.68 12.5 8.8 1,012 20.1 11.8 5,933 16.2 15.9 5.8 6.2 27.1 25.9 9.9 10.2 5,673 40.2 4.1 4.4

28 Waters 655 USA 53.77 -5.4 -0.1 1,045 -4.9 5.4 5,200 4.0 3.4 5.1 5.2 26.3 24.7 10.3 11.4 4,002 14.3 6.3 4.4

29 IDEXX Laboratories 751 USA 45.39 -7.9 6.7 719 0.7 11.8 4,800 2.1 7.2 6.3 6.9 17.0 16.8 9.5 10.5 2,264 9.3 4.8 8.7

30 ResMed 775 USA 43.95 4.2 19.2 642 10.2 14.9 2,900 7.4 5.1 6.8 7.2 20.5 16.8 15.2 15.6 4,982 109.3 11.9 9.1

31 Mindray Medical International 777 Cayman Islands 43.93 21.3 42.4 442 15.8 41.9 5,763 3.8 28.1 9.9 9.5 24.4 22.0 7.6 6.5 2,070 25.0 6.4 8.1

32 Nipro 818 Japan 40.07 -13.6 12.5 1,317 2.2 -5.2 9,354 3.7 1.1 3.0 3.6 8.1 7.5 4.3 5.1 868 -6.4 11.7 14.4

33 Aloka 826 Japan 39.63 9.8 3.7 367 -12.7 0.4 1,675 -0.4 10.8 8.6 5.2 9.3 23.7 21.5 135 -25.2 0.6 2.1

34 Clinical Data 828 USA 39.58 28.7 60.8 9 -63.7 -46.5 177 0.6 -27.2 418.0 117.8 -625.2 -349.4 223.6 174.8 281 6.3 3.3

35 Varian (now part of Agilent Technologies) 829 USA 39.33 -21.4 -1.9 562 -20.3 -1.1 3,500 -10.3 -1.8 7.0 7.1 7.3 9.7 11.2 12.8 3.1 2.4

36 Hill-Rom 838 USA 38.82 -5.8 9.8 967 -25.5 -10.9 6,500 -4.4 -11.3 4.0 3.2 -27.6 9.5 6.0 6.1 1,488 72.0 4.6 5.5

37 Thoratec 849 USA 37.79 2.4 10.8 261 19.3 20.4 1,258 4.1 10.4 14.5 16.9 12.6 8.2 30.0 30.5 1,491 41.4 3.2 3.3

38 Dentsply International 853 USA 37.36 2.5 6.5 1,505 -1.5 6.1 9,300 -1.1 3.0 2.5 2.4 17.6 17.3 4.0 3.9 3,010 -11.1 2.6 3.5

39 American Medical Systems 862 USA 36.77 14.1 15.9 362 3.5 11.7 1,221 1.3 3.7 10.2 9.2 27.7 17.9 30.1 26.7 1,101 45.2 1.1 1.2

40 Nihon Kohden 895 Japan 34.87 -0.1 -1.1 817 4.1 6.5 3,552 5.5 6.0 4.3 4.4 7.4 9.5 9.8 10.4 637 34.0 3.2 1.7

41 ev3 (now part of Covidien, Ireland) 905 USA 34.19 0.6 22.4 313 6.4 30.4 1,350 8.0 11.5 10.9 11.6 5.6 -78.6 25.3 27.2 1.5 2.6

42 Integra Lifesciences 956 USA 30.86 -26.8 19.8 476 4.3 17.6 3,000 7.1 19.7 6.5 9.2 14.0 7.1 10.3 15.1 733 8.1 3.7 2.0

471.14 4.1 8.8 157,473 5.2 6.0 92,702 0.0 -1.6 0.3 0.3 1.8 1.6 5.1 4.9 21,214 3.5 0.4 0.3

Food & drug retailers (533) number of companies for calculation 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

1 McKesson 169 USA 314.32 3.0 7.8 75,760 1.9 5.3 32,500 0.0 0.7 0.4 0.4 1.9 1.1 9.7 9.4 11,051 8.3 0.2 0.2

2 Cardinal Health 358 USA 116.46 9.3 19.3 69,425 9.4 6.7 46,500 -2.3 -5.4 0.2 0.2 1.9 2.2 2.5 2.2 7,914 -4.1 0.5 0.4

3 Suzuken 815 Japan 40.36 -0.9 -4.7 12,288 3.4 5.7 13,702 8.5 9.2 0.3 0.3 0.8 2.2 2.9 3.2 2,248 10.8 0.5 0.5

1,751.53 13.8 20.3 29,505 14.9 20.6 61,720 6.2 11.3 5.9 6.0 9.4 13.2 28.4 26.5 77,227 37.5 2.8 3.8

General retailers (537) number of companies for calculation 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

1 Amazon.com 56 USA 994.54 17.0 22.0 17,081 27.9 31.8 24,300 17.4 20.5 5.8 6.4 4.7 4.2 40.9 41.1 38,917 54.7 1.5 1.7

2 eBay 88 USA 633.16 8.4 16.5 6,083 2.2 13.5 16,400 1.2 7.5 10.4 9.8 16.7 24.3 38.6 36.1 19,662 1.0 6.5 6.6

3 Netflix 474 USA 79.83 27.4 57.2 1,164 22.4 49.4 1,883 14.5 13.1 6.9 6.6 11.3 8.5 42.4 38.1 4,826 160.6 2.7 3.2

4 Richemont 773 Switzerland 44.00 4.8 5.9 5,177 -4.6 2.3 19,137 -2.2 5.4 0.8 0.8 16.2 24.2 2.3 2.1 13,823 42.6 2.9 5.7

1,034.56 1.4 3.1 34,240 0.5 4.3 147,495 12.3 10.6 3.0 3.0 3.0 7.4 7.0 8.1 35,381 -4.9 5.3 5.8

Media (555) number of companies for calculation 6 6 5 6 6 6 6 5 6 6 6 6 6 6 5 6 5 6 6

1 Thomson Reuters 136 Canada 403.53 13.5 9,058 11.0 13.8 55,000 19.8 4.5 4.4 9.2 15.6 7.3 20,582 3.8 3.8

2 Dai Nippon Printing 199 Japan 255.38 -4.1 5.9 11,865 -1.9 1.7 40,317 4.3 4.2 2.2 2.2 -1.4 5.0 6.3 6.9 5,806 -17.0 6.0 7.7

3 Toppan Printing 230 Japan 215.56 -3.2 1.4 12,108 -3.2 1.5 47,522 23.2 9.7 1.8 1.8 1.1 4.4 4.5 5.8 3,789 -20.0 5.9 5.6

4 Avid Technology 452 USA 84.32 -18.6 -5.1 438 -25.6 -11.6 2,142 -8.9 -8.5 19.2 17.6 -11.1 -24.9 39.4 44.1 308 -4.7 3.0 1.8

5 Dolby Laboratories 736 USA 46.49 7.5 23.5 501 12.4 22.5 1,135 -1.6 9.5 9.3 9.7 50.2 44.5 41.0 37.5 4,412 37.7 1.9 2.1

6 Arbitron 991 USA 29.28 1.4 -1.7 268 4.1 5.3 1,379 -14.7 -10.3 10.9 11.2 16.2 16.9 21.2 17.9 483 62.7 8.2 8.7

1,170.71 -2.2 11.2 38,313 -2.9 0.4 143,492 0.1 4.7 3.1 3.0 12.0 8.0 7.7 7.8 39,061 6.0 14.8 14.0

Travel & leisure (575) number of companies for calculation 9 9 9 9 9 9 8 8 8 9 9 9 9 8 8 9 9 9 9

1 Sega Sammy 125 Japan 446.77 -8.7 18.0 3,213 -6.5 -8.1 6,856 -10.6 2.2 13.9 14.2 -4.7 -9.5 65.2 63.9 3,083 23.0 3.4 4.8

2 Expedia 264 USA 175.63 5.0 21.5 2,060 0.6 9.7 7,960 -1.1 6.4 8.5 8.2 17.1 -82.8 22.1 20.8 4,695 5.6 3.1 5.4

3 International Game Technology 291 USA 147.61 -5.0 4.0 1,473 -16.4 -5.6 5,100 -12.1 -0.6 10.0 8.8 14.4 24.7 28.9 26.8 3,162 -19.7 12.2 11.8

4 East Japan Railway 342 Japan 122.80 4.8 -1.0 20,191 -0.2 1.3 72,550 0.5 -0.1 0.6 0.6 15.8 16.4 1.7 1.6 17,941 9.2 17.1 15.5

5 Aristocrat Leisure 517 Australia 71.11 -3.2 6.0 570 -15.9 -5.4 12.5 10.8 -22.6 13.2 1,149 -21.3 3.4 5.4

6 WMS Industries 538 USA 68.58 23.2 26.2 492 8.7 16.1 1,712 11.8 9.1 13.9 12.3 19.3 16.1 40.1 36.4 1,525 4.6 14.2 15.2

7 West Japan Railway 637 Japan 55.02 9.4 2.8 9,548 -1.2 0.9 45,240 2.8 15.3 0.6 0.5 10.1 10.6 1.2 1.1 5,182 15.9 15.8 17.4

8 Bally Technologies 653 USA 53.86 27.0 19.7 616 -1.8 17.3 2,907 3.3 12.9 8.7 6.8 24.0 22.4 18.5 15.1 1,264 -15.1 3.9 2.0

9 Aruze (now Universal Entertainment) 990 Japan 29.33 -35.8 -15.4 150 -72.3 -25.6 1,167 -11.9 -1.3 19.6 8.5 -48.9 19.5 25.1 34.5 1,059 62.7 168.8 13.4

4,082.66 3.0 8.6 225,257 -0.1 8.2 908,319 -3.2 1.3 1.8 1.8 15.2 15.6 4.5 4.2 290,283 -11.5 12.2 12.9

Fixed line telecommunications (653) number of companies for calculation 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7

1 NTT 30 Japan 2,007.89 -1.1 -4.6 77,983 -2.5 -1.0 196,296 1.3 -0.5 2.6 2.5 10.9 13.0 10.2 10.5 96,997 -29.0 13.6 11.8

2 Telstra 66 Australia 883.80 -6.5 31.2 15,988 2.7 3.9 43,181 -7.4 -4.4 5.5 6.1 25.8 24.9 20.5 20.3 22,686 -13.8 12.4 13.6

3 AT&T 77 USA 687.19 18.5 64.1 85,737 -0.8 25.0 281,000 -6.6 -2.4 0.8 0.7 18.2 18.7 2.4 1.9 110,040 5.2 13.5 15.9

4 KT 208 South Korea 241.46 5.3 5.2 11,761 0.0 3.4 30,841 -12.0 -6.3 2.1 2.0 4.7 9.5 7.8 6.5 6,463 10.9 14.1 17.1

5 Swisscom 305 Switzerland 137.54 119.4 63.1 8,091 -1.6 7.5 19,813 0.1 5.8 1.7 0.8 22.6 22.0 6.9 3.2 13,332 8.7 12.0 12.7


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales6 Chunghwa Telecom 530 Taiwan 69.14 0.9 4.0 4,322 -1.6 2.1 24,668 -9.2 -1.6 1.6 1.6 28.7 29.0 2.8 2.5 13,542 6.0 12.8 14.9

7 China Telecom 634 China 55.64 11.2 23.1 21,375 12.1 6.1 312,520 -0.6 8.7 0.3 0.3 11.2 2.8 0.2 0.2 27,224 -8.5 0.9 1.1

490.56 5.6 9.2 46,727 -0.8 5.8 66,669 4.6 6.1 1.0 1.0 12.9 12.6 7.4 7.3 40,392 10.9 13.8 12.9

Mobile telecommunications (657) number of companies for calculation 4 4 4 4 3 4 4 4 4 4 3 4 3 4 4 4 4 4 3

1 KDDI 237 Japan 201.86 37.8 20.7 26,184 -2.7 4.5 16,967 6.9 6.6 0.8 0.5 11.6 10.8 11.9 9.2 15,259 -11.8 13.3 10.7

2 SK Telecom 284 South Korea 151.92 4.4 5.9 8,725 3.1 9.7 9,298 3.7 14.6 1.7 1.7 11.4 7.4 16.3 16.2 7,832 -1.2 14.8 15.8

3 Telenor 437 Norway 88.07 -27.3 -11.3 11,815 0.8 5.9 40,300 3.9 4.2 0.7 1.0 17.8 21.2 2.2 3.1 17,279 56.0 13.4 15.2

4 TerreStar 713 USA 48.70 -5.0 87.8 2 -46.6 104 16.9 3.8 2,930.4 -6,627.9 468.3 576.0 22 -80.8 4,239.8

1,332.91 1.8 1.4 166,512 5.7 4.3 227,264 0.4 0.4 0.8 0.8 4.6 3.2 5.7 5.6 96,545 6.9 17.6 15.9

Electricity (753) number of companies for calculation 11 11 11 11 11 11 10 10 10 11 11 11 11 10 10 9 9 10 10

1 Korea Electric Power 150 South Korea 360.76 -2.5 2.9 20,346 7.7 7.4 37,827 -2.0 0.3 1.8 2.0 4.8 -8.0 9.5 9.6 11,636 1.4 33.1 28.3

2 Tokyo Electric Power 168 Japan 315.12 8.5 5.4 44,078 7.4 3.9 52,506 0.4 0.6 0.7 0.7 0.2 -1.7 6.0 5.6 26,345 10.8 11.2 11.9

3 Kansai Electric Power 296 Japan 142.54 -2.9 -3.1 20,884 3.7 2.6 30,490 1.5 -0.2 0.7 0.7 1.2 7.2 4.7 4.9 16,118 11.1 17.6 12.7

4 Chubu Electric Power 389 Japan 105.18 0.0 -5.5 18,791 3.2 5.3 16,266 1.7 0.0 0.6 0.6 2.2 6.9 6.5 6.6 13,429 7.2 10.7 10.2

5 Kyushu Electric Power 491 Japan 77.05 5.1 1.7 11,411 2.8 2.8 19,129 1.4 1.1 0.7 0.7 5.7 7.4 4.0 3.9 7,465 5.6 17.0 16.3

6 Tohoku Electric Power 515 Japan 71.27 3.6 0.2 13,800 2.3 3.6 22,662 1.8 0.4 0.5 0.5 0.2 4.5 3.1 3.1 7,742 7.5 14.9 13.0

7 Hydro-Quebec 550 Canada 66.48 0.0 0.7 8,200 1.4 2.6 19,536 1.2 0.7 0.8 0.8 51.6 44.9 3.4 3.4 32.6 30.9

8 Electric Power Development 587 Japan 61.88 3.1 6.7 5,278 21.4 4.7 6,581 0.9 3.9 1.2 1.4 7.8 11.4 9.4 9.2 3,577 4.8 24.6 21.9

9 Taiwan Power 727 Taiwan 47.16 6.1 0.8 10,182 8.6 6.9 0.5 0.5 2.2 -20.2

10 Chugoku Electric Power 733 Japan 46.93 1.5 -1.9 8,787 5.9 4.1 14,170 -0.6 -0.6 0.5 0.6 -0.4 6.3 3.3 3.2 5,423 0.4 17.7 17.4

11 Shikoku Electric Power 841 Japan 38.55 2.7 -0.3 4,755 2.8 3.8 8,097 0.0 -0.2 0.8 0.8 9.1 9.6 4.8 4.6 4,810 -3.2 12.1 11.0

235.54 8.9 3.4 30,132 8.8 8.4 46,373 5.5 3.1 0.8 0.8 7.2 8.1 5.1 4.9 24,410 14.3 8.4 8.6

Gas, water & multiutilities (757) number of companies for calculation 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

1 Osaka Gas 511 Japan 71.89 -5.7 -5.3 9,933 7.2 7.6 19,009 13.9 5.7 0.7 0.8 5.6 6.1 3.8 4.6 5,567 11.0 7.6 8.3

2 Tokyo Gas 537 Japan 68.61 -7.9 -0.8 12,429 11.6 9.4 15,510 -2.5 -2.4 0.6 0.7 4.5 4.6 4.4 4.7 8,469 20.1 8.0 8.7

3 CPFL Energia 583 Brazil 62.37 97.5 33.4 6,274 9.2 8.7 7,450 4.6 8.5 1.0 0.5 14.0 16.3 8.4 4.4 7,784 24.0 7.9 7.6

4 Kurita Water Industries 928 Japan 32.66 -4.1 1.2 1,495 -2.5 4.8 4,404 3.6 6.3 2.2 2.2 12.8 14.9 7.4 8.0 2,591 -14.2 19.2 12.7

859.73 68.7 40.3 38,292 21.1 28.0 135,017 3.5 3.8 2.2 1.6 30.2 33.2 5.8 3.6 141,289 13.0 4.7 4.8

Banks (835) number of companies for calculation 5 5 4 5 5 4 4 4 3 5 5 5 5 4 4 5 3 5 5

1 Australia & New Zealand Banking 198 Australia 257.62 43.7 44.9 8,239 11.4 9.7 37,687 2.1 3.1 2.4 33.3 38.3 6.8 4.9 35,444 5.7 4.7

2 Commonwealth Bank of Australia 228 Australia 220.64 168.7 1,479.4 10,326 13.1 1,002.7 44,218 11.6 6.4 2.1 0.9 39.1 42.9 5.0 2.1 49,784 18.7 6.0 3.3

3 National Australia Bank 231 Australia 214.37 59.8 10.6 10,516 27.8 18.4 38,953 -2.0 0.4 2.0 1.6 29.7 24.0 5.5 3.4 31,795 -5.3 3.4 4.2

4 DnB NOR 447 Norway 85.78 19.7 30.6 4,528 9.3 9.6 14,159 -0.4 5.7 1.9 1.7 29.3 35.3 6.1 5.0 13,193 57.8 5.3 7.3

5 KB Financial 466 South Korea 81.33 91.4 4,682 72.7 1.7 1.6 7.0 11.2 11,073 2.4 7.9

213.56 -4.0 0.7 2,532 -9.3 0.8 16,032 -5.4 3.8 8.4 8.0 26.1 24.1 13.3 13.1 8,726 1.7 2.0 3.0

Other financials (877) number of companies for calculation 4 4 4 4 4 4 4 4 3 4 4 4 4 4 4 4 4 4 4

1 SEI Investments 507 USA 72.41 -11.6 -9.3 739 -15.0 -3.4 2,290 1.3 0.9 9.8 9.4 33.8 17.2 31.6 36.2 2,533 -0.3 1.8 2.1

2 Investment Technology 601 USA 59.87 7.0 14.6 441 -17.0 1.8 1,183 -10.6 3.7 13.6 10.5 12.5 26.6 50.6 42.3 427 -41.3 2.4 3.4

3 Computershare 764 Australia 44.34 -1.8 9.3 1,042 -4.4 1.2 11,681 -6.4 4.4 4.3 4.1 25.3 26.9 3.8 3.6 3,202 -3.5 1.5 2.7

4 MSCI 860 USA 36.94 -6.2 -1.5 309 2.8 11.1 878 -1.0 12.0 13.1 29.7 29.8 42.1 44.4 2,564 28.9 3.0 5.9

5,599.59 -1.3 5.7 147,817 -14.7 2.4 1,023,725 -5.6 3.3 3.8 3.3 1.5 7.4 5.3 5.0 131,434 10.4 6.7 6.5

Electrical components & equipment (2733) number of companies for calculation 28 28 25 27 27 25 25 24 22 27 27 27 27 25 24 26 24 25 24

1 Mitsubishi Electric 55 Japan 997.35 -3.0 3.2 27,439 -9.5 0.6 106,931 1.2 2.4 3.6 3.4 3.4 5.9 9.3 9.7 12,469 7.8 3.9 3.6

2 ABB 71 Switzerland 763.85 -5.3 10.4 22,161 -9.0 8.5 116,000 -3.3 2.4 3.4 3.3 13.0 12.8 6.6 6.7 30,963 4.3

3 Sumitomo Electric 103 Japan 546.43 1.0 4.2 15,886 -16.5 1.9 152,547 -0.8 7.0 3.4 2.8 2.1 6.4 3.6 3.5 6,150 -14.6 6.0 4.7

4 Kyocera 113 Japan 493.61 7.0 4.7 8,449 -12.5 -1.5 59,514 -10.5 -1.1 5.8 4.8 4.0 12.4 8.3 6.9 11,886 8.7 6.8 5.6

5 Tyco Electronics 145 Switzerland 373.56 1.1 7,330 -29.1 78,000 -18.8 5.1 3.6 -33.5 15.6 4.8 3.8 8,326 14.5 3.1 4.2

6 Emerson Electric 164 USA 320.60 0.4 8.9 14,577 -15.7 1.3 129,000 -8.3 0.3 2.2 1.8 12.5 15.0 2.5 2.3 25,292 37.2 2.5 2.9

7 Alps Electric 175 Japan 301.74 -4.6 -2.0 4,035 -22.2 -8.8 37,656 -8.7 2.8 7.5 6.1 -11.2 -0.3 8.0 7.7 969 22.7 7.6 5.6

8 Elpida Memory 209 Japan 241.38 7.7 9.7 2,478 -18.4 11.1 5,863 68.6 32.5 9.7 7.4 -53.6 -8.3 41.2 64.5 1,873 30.0 24.1 47.8

9 Fuji Electric 221 Japan 227.55 -2.8 1.6 5,740 -16.9 -5.1 22,799 -11.1 -3.5 4.0 3.4 -5.7 3.5 10.0 9.1 1,307 33.1 5.1 3.8

10 NIDEC 236 Japan 201.87 -10.4 -2.7 4,650 -16.3 5.0 76,574 -21.0 -0.9 4.3 4.1 9.0 10.2 2.6 2.3 8,590 17.1 6.2 4.8

11 Chi Mei Optoelectronics (now part of Chimei Innolux) 285 Taiwan 151.19 -2.0 17.3 6,932 5.2 25.3 37,623 117.1 34.6 2.2 2.3 0.5 14.9 4.0 8.9 33.8 34.2

12 Fujikura 368 Japan 112.22 7.1 7.0 4,295 -13.0 4.5 46,466 -6.0 11.3 2.6 2.1 -1.9 2.3 2.4 2.1 1,121 -20.4 5.8 5.5

13 Tatung 375 Taiwan 109.86 -14.3 -3.2 2,587 -36.6 -14.5 4.2 3.1 -33.5 -7.9 2,093 168.6 6.5

14 Ibiden 444 Japan 86.53 7.2 19.3 2,316 -25.2 -1.0 11,346 -10.6 3.9 3.7 2.6 0.2 16.5 7.6 6.4 2,753 -21.0 17.3 12.7

15 Techtronic Industries 459 Hong Kong 82.99 3.0 14.1 2,156 -9.9 3.2 16,772 -13.3 -6.7 3.8 3.4 4.2 2.5 4.9 4.2 880 -9.8 2.9 2.7

16 CommScope 499 USA 74.89 -20.3 48.4 2,108 -24.7 23.0 12,500 -16.7 40.1 3.6 3.4 7.9 -2.4 6.0 6.3 1,380 -21.8 1.4 1.4

17 TPO Displays (now part of Chimei Innolux) 532 Taiwan 69.09 19.3 30.7 725 -10.6 14.8 9.5 7.1 -5.8 -12.9

18 Energizer 574 USA 63.07 -1.3 6.8 2,788 -7.6 9.1 15,500 -5.5 1.6 2.3 2.1 15.3 15.5 4.1 3.9 3,038 -7.5 3.5 3.7

19 Amphenol 760 USA 44.59 -6.0 6.0 1,965 -12.9 4.5 32,200 7.3 7.9 2.3 2.1 17.2 19.1 1.4 1.6 4,943 21.6 2.2 3.3

20 Belden 797 USA 42.42 21.5 82.0 986 -29.4 -2.4 6,200 -17.3 10.1 4.3 2.5 1.7 -16.6 6.8 4.7 755 15.0 2.9 2.7

21 Powerwave Technologies 808 USA 41.06 -24.1 -6.1 396 -36.3 -9.0 2,256 -3.8 -18.9 10.4 8.7 0.1 -38.9 18.2 23.1 147 25.6 1.8 1.5

22 SPX 810 USA 40.91 -12.6 -2.1 3,440 -19.7 1.5 15,000 -15.7 1.6 1.2 1.1 3.0 8.4 2.7 2.6 2,055 3.5 1.9 1.9

23 GS Yuasa 814 Japan 40.40 13.2 7.4 2,122 -9.2 5.2 11,795 -5.4 0.2 1.9 1.5 3.7 3.8 3.4 2.9 1,781 -33.8 3.2 2.9

24 Nuvoton Technology 832 Taiwan 39.23 72.3 258

25 Vishay Intertechnology 886 USA 35.37 -19.7 -0.9 1,423 -27.9 -7.5 22,300 -10.1 -6.2 2.5 2.2 -1.9 -59.7 1.6 1.8 1,108 11.5 2.5 5.4

26 Shindengen Electric Manufacturing 909 Japan 34.02 4.1 2.7 638 -15.5 -4.8 5,940 -7.0 5.3 4.3 -8.6 -0.1 5.7 5.1 277 94.6 4.6 5.0

27 A123 Systems 915 USA 33.65 30.7 63 32.9 1,627 53.0 53.9 -94.4 -116.6 20.7 557 43.3 60.4

28 Advanced Energy Industries 971 USA 30.15 -21.3 -1.2 130 -43.3 -23.2 1,316 -21.6 -6.0 23.2 16.7 -52.6 3.5 22.9 22.8 464 51.4 3.0 2.2

15,777.86 3.0 5.6 355,622 0.0 7.6 910,010 1.1 4.4 4.4 4.3 3.8 6.0 9.5 9.8 274,380 19.3 6.1 7.3

Electronic equipment (2737) number of companies for calculation 56 56 55 56 56 55 46 43 41 56 56 56 56 46 43 54 53 51 52

1 Samsung Electronics 7 South Korea 4,510.01 8.0 9.7 83,191 14.6 17.6 5.4 5.8 9.3 5.5 74,881 12.3 5.9 11.6

2 Sharp 38 Japan 1,463.82 -0.3 8.2 21,316 -16.7 0.6 54,144 0.8 4.9 6.9 5.7 -7.5 4.5 27.0 27.3 7,846 -10.5 8.4 10.6

3 FUJIFILM 39 Japan 1,430.51 1.9 1.6 18,225 -14.5 -3.0 76,252 -2.6 0.2 7.8 6.6 1.2 7.3 18.8 17.9 11,215 5.6 6.4 5.8

4 LG 42 South Korea 1,366.47 21.3 2.2 54,001 18.3 13.3 2.5 2.5 5.5 6.2 8,363 14.1 9.1 6.8

5 Hon Hai Precision Industry 99 Taiwan 568.34 10.2 34.8 42,692 0.4 14.1 1.3 1.2 4.4 3.7 24,429 25.1 1.4 3.6

6 Sanyo Electric 100 Japan 564.75 5.1 -15.9 13,830 -11.3 -9.0 86,016 -13.9 -6.8 4.1 3.4 -3.4 3.0 6.6 5.4 6,843 116.5 4.4 3.8


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales7 Agilent Technologies 124 USA 447.44 -8.8 -0.7 3,123 -22.4 -4.3 16,800 -14.3 -3.5 14.3 12.2 1.5 14.3 26.6 25.0 6,635 15.3 2.9 2.7

8 Danaher 126 USA 440.92 -12.8 12.4 7,795 -11.9 5.2 46,600 -7.4 1.2 5.7 5.7 13.8 14.7 9.5 10.1 16,838 25.7 1.7 1.5

9 TDK 130 Japan 431.57 0.4 8.2 5,446 -16.0 -2.9 66,429 10.3 7.2 7.9 6.6 -9.8 8.5 6.5 7.1 4,935 -4.0 13.5 9.7

10 Pioneer 135 Japan 410.19 -7.8 -4.8 4,184 -27.8 -10.7 32,115 -24.9 -6.1 9.8 7.7 -17.7 -1.7 12.8 10.4 730 66.7 8.2 5.4

11 OMRON 147 Japan 366.09 -5.1 -4.0 4,696 -17.8 0.0 32,583 -8.0 5.9 7.8 6.8 -6.3 8.3 11.2 10.9 3,609 36.3 6.0 5.0

12 Yokogawa Electric 187 Japan 278.72 -8.9 6.4 2,819 -13.9 -1.1 20,247 -0.1 4.3 9.9 9.3 -1.6 3.8 13.8 15.1 1,172 -26.6 3.8 8.1

13 Compal Electronics 245 Taiwan 194.38 18.6 22.3 14,715 41.1 20.9 1.3 1.6 3.0 3.1 6,875 156.1 0.5 1.5

14 HTC 257 Taiwan 182.44 -10.5 41.2 3,149 -5.2 11.4 8,249 -11.8 5.8 6.1 16.9 19.8 22.1 21.8 11,016 92.4 1.3 3.7

15 Kudelski 280 Switzerland 159.59 6.8 6.6 710 2.4 14.9 2,954 11.4 20.4 22.5 21.6 6.5 2.2 54.0 56.3 924 40.6 2.6 5.9

16 Delta Electronics 292 Taiwan 146.93 4.6 13.1 2,717 -11.8 5.8 5.4 4.6 9.9 9.0 5,727 33.2 3.2 5.7

17 AU Optronics 308 Taiwan 134.79 15.9 9.1 7,830 -15.2 7.0 51,378 18.7 7.8 1.7 1.3 -7.0 7.1 2.6 2.7 5,711 -13.6 17.0 23.2

18 Hoya 316 Japan 131.99 1.2 7.6 3,400 -5.7 9.7 34,592 -2.7 11.2 3.9 3.6 5.6 20.2 3.8 3.7 6,682 -0.6 7.5 8.1

19 Hitachi Kokusai Electric 328 Japan 127.77 -4.2 10.0 963 -35.1 -6.8 4,894 0.0 13.3 9.0 -9.0 8.6 26.1 27.3 569 2.3 3.1 3.2

20 BYD 361 China 115.41 12.1 59.0 4,029 47.3 45.0 160,000 23.1 21.1 2.9 3.8 11.3 6.4 0.7 0.8 10,072 21.5 14.8 21.1

21 Molex 385 USA 107.33 -3.3 -1.1 2,096 16.5 -2.7 35,519 40.7 2.3 5.1 6.2 4.6 -12.9 3.0 4.4 2,101 0.7 7.6 6.9

22 National Instruments 397 USA 101.45 -4.6 6.5 472 -17.5 0.8 5,120 -0.7 7.3 21.5 18.6 7.1 11.7 19.8 20.6 1,613 18.8 3.1 3.1

23 Funai Electric 415 Japan 97.75 -11.7 -2.5 2,267 9.2 -5.7 2,590 -1.4 -13.7 4.3 5.3 -0.9 -1.6 37.7 42.1 781 -17.1 1.6 1.7

24 Trimble Navigation 420 USA 95.23 -7.8 9.6 785 -15.3 6.2 3,794 -3.7 10.1 12.1 11.2 7.8 14.3 25.1 26.2 2,308 12.2 1.1 1.2

25 Endress & Hauser 424 Switzerland 94.11 6.0 6.0 1,096 -9.5 3.6 8,419 -0.2 6.1 8.6 7.3 7.7 13.0 11.2 10.5 5.9 8.2

26 Anritsu 438 Japan 87.62 -17.1 -2.2 628 -16.5 -2.7 3,697 -6.7 -3.0 13.9 14.0 -1.7 -2.2 23.7 26.7 549 51.2 2.3 2.4

27 Itron 448 USA 85.25 1.3 27.7 1,176 -11.6 37.9 9,000 3.4 55.4 7.2 6.3 2.1 5.6 9.5 9.7 1,604 9.9 3.1 3.3

28 Citizen 480 Japan 78.81 -2.5 -1.7 2,222 -11.8 -4.0 17,359 -21.5 -2.1 3.5 3.2 -10.8 6.0 4.5 3.7 1,319 -10.3 6.3 7.7

29 Chunghwa Picture Tubes 488 Taiwan 77.68 -18.1 -3.3 1,262 -51.1 -22.9 6.2 3.7 -64.4 -10.7 777 -3.4 7.9 7.7

30 HORIBA 503 Japan 73.60 -7.8 6.3 783 -22.1 -12.3 5,133 -0.3 3.0 9.4 7.9 4.5 8.1 14.3 15.5 698 3.7 3.8 3.6

31 Yaskawa Electric 506 Japan 72.66 -0.3 6.3 2,622 -8.4 2.7 8,463 1.4 3.0 2.8 2.5 4.9 9.7 8.6 8.7 1,252 -1.1 2.4 2.4

32 Yamatake 509 Japan 72.14 -2.1 4.8 1,768 -5.0 7.8 8,377 0.7 0.0 4.1 4.0 7.1 6.8 8.6 8.9 1,333 25.1 3.0 1.8

33 Hamamatsu Photonics 515 Japan 71.27 -6.3 1.2 539 -27.2 -6.1 3,793 0.8 3.0 13.2 10.3 4.2 20.6 18.8 20.2 1,657 43.1 13.8 8.7

34 Novatek Microelectronics 523 Taiwan 69.90 12.4 33.1 589 3.2 -4.9 11.9 10.9 14.7 13.8 1,070 0.5

35 PerkinElmer 533 USA 69.00 -8.4 -0.2 1,166 -13.7 2.5 8,200 3.8 -1.2 5.9 5.6 8.1 8.6 8.4 9.5 1,762 23.1 1.7 2.2

36 Shimadzu 540 Japan 68.40 3.9 4.4 2,043 -5.9 4.0 9,670 4.3 3.3 3.0 6.0 8.8 7.1 1,410 -7.3

37 Keyence 549 Japan 66.50 8.6 14.2 1,238 -17.6 1.5 3,067 4.9 5.4 4.1 39.3 51.4 21.7 20.9 8,316 17.5 1.9 1.8

38 MiTAC International 576 Taiwan 62.81 13.7 8.0 1,378 -1.8 -11.5 4.6 3.9 0.3 0.4 439 -9.0

39 ULVAC 582 Japan 62.47 -2.8 5.7 1,676 -7.2 1.8 6,987 1.7 10.7 3.7 3.6 1.1 3.4 8.9 9.4 583 -32.9 11.3

40 Zebra Technologies 606 USA 59.30 0.0 20.2 560 -17.7 1.9 2,700 -15.6 -1.2 10.6 8.7 8.4 -1.7 22.0 18.5 1,123 9.4 3.1 4.2

41 Japan Radio 612 Japan 58.42 -7.4 -15.9 920 -6.8 -11.8 3,770 0.5 0.0 6.4 6.4 0.8 3.2 15.5 16.8 223 -8.3 0.9 0.8

42 Roper Industries 614 USA 58.13 -4.6 12.5 1,429 -11.1 6.4 7,650 -3.2 3.5 4.1 3.8 19.5 21.4 7.6 7.7 3,900 31.9 1.3 1.3

43 Samsung C&T 617 South Korea 57.88 3.9 18.0 11,072 -9.7 4.9 0.5 0.5 5.0 2.1 5,515 25.4 1.4 1.1

44 TPV Technology 630 Bermuda 55.86 19.0 16.0 5,598 -13.1 3.8 29,479 3.4 4.8 1.0 0.7 2.3 1.7 1.9 1.6 1,039 34.4 1.4 1.7

45 Innolux Display (now Chimei Innolux) 682 Taiwan 51.12 15.5 12.0 3,589 2.5 15.9 1.4 1.3 -1.8 3.2 5,967 113.4 24.2 13.8

46 Aeroflex 708 USA 49.01 -9.3 -2.5 418 -9.3 2.8 2,700 0.3 11.7 11.7 -2.9 -12.1 18.2 3.1 2.2

47 Orbotech 723 Israel 47.30 -11.4 3.9 263 -12.1 -3.2 1,602 -5.4 0.1 18.0 17.8 -3.0 -33.5 29.5 31.5 252 3.7 1.0 2.6

48 USHIO 773 Japan 44.00 13.2 8.2 905 -18.4 -2.2 4,620 -1.3 1.7 4.9 3.5 3.4 13.4 9.5 8.3 1,675 -3.5 4.5 5.7

49 Coherent 790 USA 42.80 -17.3 -5.6 304 -27.3 -9.3 1,712 -20.3 -10.0 14.1 12.4 -7.5 4.1 25.0 24.1 613 65.8 5.0 3.8

50 JEOL 801 Japan 42.25 -13.0 2.6 628 -10.7 -3.5 3,103 1.8 0.9 6.7 6.9 -3.8 2.2 13.6 15.9 183 -23.8 3.9 6.5

51 Advanced Digital Broadcast 806 Switzerland 41.23 -14.4 7.8 266 5.5 13.0 721 -1.2 0.5 15.5 19.1 5.1 4.4 57.2 66.0 123 -35.9 0.6 0.7

52 Veeco Instruments 819 USA 40.03 -4.8 -2.5 265 -14.2 -4.8 1,005 -15.9 -7.7 15.1 13.6 -2.0 -15.9 39.8 35.2 891 92.9 2.2 2.9

53 Fuji Machine Manufacturing 839 Japan 38.71 19.1 520 -34.9 2,010 7.4 4.1 5.8 20.2 19.3 484

54 Nippon Electric Glass 848 Japan 37.82 -1.1 24.1 2,513 -8.9 4.2 4,947 -21.2 1.5 1.4 20.5 25.3 7.6 6.1 4,169 8.7 38.6 24.7

55 AMETEK 890 USA 35.20 -12.2 6.3 1,462 -17.1 4.9 10,100 -13.7 -1.0 2.4 2.3 17.3 17.0 3.5 3.4 3,211 37.4 1.6 1.7

56 Analogic 926 USA 32.72 -4.1 -3.9 276 -4.2 3.0 1,450 -14.7 -1.1 11.9 11.8 -1.0 5.9 22.6 20.1 367 16.6 2.6 3.6

4,350.63 -3.7 5.5 144,352 -19.2 1.2 419,952 -9.8 2.1 3.0 2.5 4.4 9.1 9.6 9.2 126,414 34.6 5.3 5.8

Commercial vehicles & trucks (2753) number of companies for calculation 21 21 20 21 21 20 18 18 16 21 21 21 21 18 18 20 18 21 21

1 Caterpillar 57 USA 990.36 -17.8 1.8 22,578 -35.4 -7.2 93,813 -16.9 -0.3 4.4 3.4 2.1 9.1 10.6 10.7 29,884 50.0 7.1 8.0

2 Deere 79 USA 680.92 3.6 10.4 16,108 -10.4 5.1 51,300 -9.5 3.3 4.2 3.7 10.3 8.4 13.3 11.6 19,202 46.4 3.9 4.3

3 Isuzu Motors 111 Japan 506.84 12.3 7.1 10,666 -26.0 -3.4 24,257 2.3 4.8 3.1 1.0 6.0 20.9 19.0 3,716 62.9 4.2 2.2

4 Komatsu 137 Japan 402.30 8.2 2.3 15,136 -9.9 5.9 39,855 1.5 4.8 2.7 2.2 7.7 15.2 10.1 9.5 14,427 15.2 7.2 5.2

5 Navistar International 174 USA 301.78 13.9 -1.5 8,063 -21.4 -6.6 17,900 0.6 -0.6 3.7 2.6 5.0 4.6 16.9 14.9 2,253 4.1 1.3 1.2

6 Liebherr-International 182 Switzerland 284.70 -13.7 1.4 6,961 -17.2 2.5 32,091 -1.6 6.8 4.1 3.9 6.2 10.9 8.9 10.1 9.0 10.7

7 Cummins 202 USA 252.30 -14.2 4.1 7,527 -24.7 -1.7 34,900 -12.3 0.3 3.4 2.9 6.4 8.8 7.2 7.4 10,772 63.5 2.9 3.8

8 China South Locomotive 269 China 173.18 68.8 4,657 30.0 3.7 2.9 5.0 5.6 6,392 13.1 9.3 10.2

9 PACCAR 301 USA 138.83 -41.7 9.8 5,636 -46.0 -21.1 15,200 -18.7 -10.2 2.5 2.3 1.9 9.2 9.1 12.7 10,688 20.0 12.0 10.4

10 AGCO 311 USA 133.74 -1.3 14.5 4,621 -21.3 6.9 14,500 -7.1 4.2 2.9 2.3 3.0 6.5 9.2 8.7 2,197 11.2 3.2 3.0

11 Hyundai Heavy Industries 390 South Korea 104.29 -1.1 10.6 17,510 6.4 21.0 0.6 0.6 8.8 11.1 12,443 38.8 5.5 10.0

12 Bucher Industries 681 Switzerland 51.17 -2.8 5.1 1,444 -23.2 0.9 7,618 -6.8 4.0 3.5 2.8 1.1 8.5 6.7 6.4 923 7.5 2.7 4.6

13 Oshkosh 683 USA 51.09 -20.3 20.3 3,787 -23.9 16.6 12,300 -12.1 9.4 1.3 1.3 -18.4 5.5 4.2 4.6 1,702 1.2 0.9 1.1

14 Terex 750 USA 45.44 -8.4 7.4 3,628 -47.4 -12.0 15,900 -20.5 -4.1 1.3 0.7 -6.1 4.1 2.9 2.5 1,447 20.5 1.0 1.2

15 Manitowoc 807 USA 41.12 47.5 23.7 2,636 -22.6 8.8 13,100 -28.8 11.3 1.6 0.8 -14.7 -0.5 3.1 1.5 875 40.7 1.9 3.1

16 Daewoo Shipbuilding & Marine 836 South Korea 38.94 22.1 22.6 7,447 12.4 32.1 0.5 0.5 4.3 19.6 2,481 2.1 4.1 5.3

17 Ashok Leyland 892 India 35.06 -11.8 14.4 1,085 21.1 0.4 13,662 14.4 4.1 3.2 4.4 7.7 4.8 2.6 3.3 1,424 14.6 11.7

18 ISEKI 959 Japan 30.75 5.5 -0.8 1,120 3.4 -2.6 6,514 0.0 -0.8 2.7 2.7 0.6 -0.6 4.7 4.5 459 -39.9 3.3 3.5

19 Westinghouse Air Brake Technologies 981 USA 29.55 8.7 9.0 977 -11.0 8.7 5,812 -20.3 3.0 3.0 2.5 12.9 13.5 5.1 3.7 1,390 17.0 1.3 1.3

20 Bucyrus International 994 USA 29.21 14.7 57.8 1,848 5.8 53.2 6,900 -4.2 42.2 1.6 1.5 18.0 15.3 4.2 3.5 3,315 95.0 2.2 4.5

21 First Tractor 996 China 29.05 82.6 63.1 916 13.1 13.6 14,330 -4.5 3.2 2.0 3.5 1.5 2.0 1.1 425 2.0 1.5

2,914.83 -0.5 7.3 113,398 -12.3 1.4 656,647 -6.5 0.1 2.6 2.3 5.3 7.8 4.4 4.1 122,006 15.4 3.6 3.7

Industrial machinery (2757) number of companies for calculation 41 41 41 41 41 41 40 40 38 41 41 41 41 40 40 40 39 40 40

1 Parker Hannifin 239 USA 200.84 12.9 20.1 7,185 -15.1 3.1 51,639 -16.3 -3.3 2.8 2.1 7.7 11.7 3.9 2.9 7,129 30.4 2.6 2.3

2 IHI 249 Japan 188.14 4.2 5.2 10,392 2.8 7.2 24,348 2.6 1.4 1.8 1.8 0.0 -2.4 7.7 7.6 1,832 -4.0

3 Illinois Tool Works 303 USA 138.37 -5.8 11.1 9,690 -19.2 -0.4 59,000 -9.2 2.4 1.4 1.2 9.7 13.2 2.3 2.3 15,097 4.9 1.8 2.1


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales4 NTN 321 Japan 130.28 16.0 5.6 3,946 -1.3 6.6 20,679 9.1 12.2 3.3 2.8 -1.0 9.2 6.3 5.9 1,507 -7.7 10.3 10.8

5 Dover 338 USA 124.27 -5.8 4.8 4,064 -23.8 -6.7 29,300 -9.3 -3.9 3.1 2.5 10.1 13.6 4.2 4.1 6,038 35.8 2.1 2.3

6 Rockwell Automation 354 USA 118.48 -11.1 2.0 3,020 -24.0 -8.0 19,000 -9.5 -6.2 3.9 3.4 7.6 14.8 6.2 6.3 5,088 28.6 2.3 2.7

7 SMC 363 Japan 114.57 -8.1 0.1 2,122 -20.8 -2.7 15,388 4.3 5.9 5.4 4.7 15.4 24.8 7.4 8.4 6,115 9.9 6.2 5.6

8 Shanghai Electric 372 Hong Kong 110.70 11.8 61.2 5,883 -2.2 10.5 29,168 -6.9 -3.0 1.9 1.6 4.4 5.5 3.8 3.2 8,817 -18.4 3.5 5.1

9 Bharat Heavy Electricals 393 India 103.34 48.8 65.7 3,968 37.2 25.6 45,666 4.7 2.3 2.6 2.4 15.3 18.4 2.3 1.6 18,201 16.4 2.3 1.5

10 Sumitomo Heavy Industries 471 Japan 80.02 8.4 12.8 4,813 -2.7 5.3 14,984 4.0 9.8 1.7 1.5 5.6 11.0 5.3 5.1 2,147 -1.4 4.4 3.7

11 NHK Spring 478 Japan 78.92 18.9 60.2 3,301 -9.1 4.8 15,869 -8.4 15.5 2.4 1.8 2.4 6.9 5.0 3.8 1,433 12.0 6.5 7.1

12 Georg Fischer 487 Switzerland 78.21 -18.9 -4.0 1,959 -34.9 -10.5 12,481 -12.9 0.3 4.0 3.2 -7.0 2.2 6.3 6.7 1,071 74.9 5.1 5.4

13 Schindler 504 Switzerland 73.49 9.0 -0.6 8,557 -9.5 4.5 44,086 -2.5 1.0 0.9 0.7 7.6 6.3 1.7 1.5 7,659 38.9 0.8 0.8

14 Minebea 520 Japan 70.81 -4.9 1.5 1,918 -23.4 -7.0 48,443 -4.2 0.6 3.7 3.0 3.7 9.3 1.5 1.5 1,379 0.8 7.2 7.4

15 Glory 534 Japan 68.91 -4.3 -1.0 1,093 -21.2 1.1 5,510 3.1 4.2 6.3 5.2 6.4 11.1 12.5 13.5 1,019 -0.4 4.4 2.5

16 Crane 535 USA 68.79 -28.4 17.5 1,531 -15.7 -0.9 10,000 -16.7 -5.9 4.5 5.3 9.5 7.6 6.9 8.0 1,436 54.1 1.3 1.7

17 Rieter 548 Switzerland 66.55 -19.3 -12.0 1,319 -37.7 -18.2 12,761 -10.0 -4.9 5.0 3.9 -9.5 -9.9 5.2 5.8 928 71.7 3.2 4.5

18 Ebara 553 Japan 66.10 -18.3 -6.7 3,752 -11.6 -0.9 16,102 0.2 1.0 1.8 1.9 -1.1 -6.3 4.1 5.0 1,241 5.2 4.7 2.9

19 Dongfang Electric 561 China 65.03 29.3 27.3 3,344 20.5 13.4 19,461 5.4 1.9 1.8 4.9 0.9 3.3 2.7 5,228 46.9 1.3 0.4

20 Mettler-Toledo International 581 USA 62.51 -12.3 2.7 1,205 -12.4 2.7 10,400 4.0 4.6 5.2 5.2 14.5 14.8 6.0 7.1 2,644 29.8 3.5 3.1

21 Daifuku 596 Japan 60.03 15.1 1.7 1,813 4.6 6.8 5,660 -0.1 11.3 3.3 3.0 6.2 9.0 10.6 9.2 402 -27.0 2.0 1.7

22 Juki 635 Japan 55.48 -5.8 10.5 583 -40.3 -14.6 5,764 -20.6 -6.1 9.5 6.0 -11.2 7.1 9.6 8.1 152 29.8 5.6 2.9

23 Woodward Governor 640 USA 54.74 7.0 9.5 997 13.7 18.7 5,660 -2.8 15.2 5.5 5.8 10.8 14.6 9.7 8.8 1,330 38.8 2.0 3.0

24 Buhler 658 Switzerland 53.06 -4.4 6.5 1,161 -9.1 2.2 7,562 -1.3 4.5 4.6 4.3 7.1 7.7 7.0 7.2 3.2 3.8

25 Pall 703 USA 49.63 -0.6 7.5 1,623 -9.4 4.9 10,200 -3.8 -2.0 3.1 2.8 12.8 13.9 4.9 4.7 2,883 15.3 5.7 4.8

26 Bobst 707 Switzerland 49.22 -24.4 -7.3 712 -35.4 -13.0 5,488 -7.6 1.4 6.9 5.9 -16.7 5.3 9.0 11.0 473 2.3 1.2 1.3

27 Harbin Power Equipment 722 China 47.33 -1.8 0.8 2,923 -4.3 -0.5 18,895 3.5 1.1 1.6 1.6 2.2 4.8 2.5 2.6 864 -16.6 3.0 4.9

28 Marel Food Systems (now Marel) 723 Iceland 47.30 27.7 49.8 532 -1.6 36.6 3,590 -3.0 8.9 6.9 3.1 3.9 13.2 10.0 388 111.4 1.5 4.5

29 Amada 755 Japan 44.79 -13.5 4.1 1,690 -20.6 0.6 6,005 4.5 5.8 2.6 2.4 9.1 16.3 7.5 9.0 1,708 -11.6 5.4 6.9

30 Komori 783 Japan 43.18 -4.0 6.1 834 -28.1 -4.2 2,471 -1.4 2.1 5.2 3.9 1.7 10.8 17.5 17.9 479 -11.8 4.2 1.6

31 Sauer-Danfoss 789 USA 42.81 -25.9 -0.2 808 -44.6 -12.7 6,100 -36.5 -12.8 5.3 4.0 -16.4 0.9 7.0 6.0 511 159.9 3.7 9.5

32 Sulzer 791 Switzerland 42.75 6.4 16.6 2,259 -9.8 6.1 12,183 -4.3 5.4 1.9 1.6 9.4 12.5 3.5 3.2 2,336 33.8 3.3 3.0

33 Mori Seiki 795 Japan 42.47 24.7 6.8 1,177 -22.3 2.6 4,150 7.4 11.7 3.6 2.2 2.7 15.3 10.2 8.8 721 -8.5 5.2 4.5

34 Pentair 816 USA 40.34 -7.3 -0.1 1,877 -20.7 -5.1 13,150 -10.5 -3.9 2.1 1.8 8.1 9.2 3.1 3.0 2,175 14.7 2.0 1.6

35 CAE 844 Canada 38.23 18.8 -6.8 1,105 16.8 14.5 7,000 16.7 11.9 3.5 3.4 14.7 13.3 5.5 5.4 1,748 28.6 12.3 13.3

36 NACCO Industries 891 USA 35.13 -19.4 -5.5 1,610 -37.2 -11.6 4,500 -51.6 -25.1 2.2 1.7 2.1 -10.5 7.8 4.7 494 54.1 1.4 2.0

37 Hitachi Zosen 912 Japan 33.71 46.0 13.7 2,236 1.0 -3.7 7,989 2.2 4.8 1.5 1.0 1.5 -0.8 4.2 3.0 762 3.9 3.9

38 Timken 914 USA 33.66 -14.5 -6.9 2,473 -37.3 -10.6 16,667 -35.1 -13.1 1.4 1.0 -3.9 8.0 2.0 1.5 2,321 68.4 3.2 4.8

39 WEG 921 Brazil 33.11 -6.8 4.3 1,684 -6.5 6.1 2.0 2.0 19.1 8.1 4,413 26.4 5.4 10.2

40 Nabtesco 958 Japan 30.76 0.7 4.2 1,184 -9.2 2.4 3,989 2.7 -0.6 2.6 2.3 5.4 11.1 7.7 7.9 1,319 30.0 5.2 2.7

41 Tsubakimoto Chain 999 Japan 28.80 4.5 4.0 1,059 -15.4 -1.4 5,339 -0.6 4.5 2.7 2.2 6.2 12.1 5.4 5.1 520 -10.2 6.9 6.8

8,269.53 -1.3 10.3 38,041 9.9 12.7 92,641 2.4 6.2 21.7 24.2 20.8 13.1 88.4 96.1 160,739 -1.6 6.4 6.8

Biotechnology (4573) number of companies for calculation 52 52 50 52 52 51 50 49 47 51 52 51 52 50 49 51 49 51 52

1 Amgen 31 USA 1,996.06 -5.5 -5.2 10,205 -2.4 0.9 17,200 1.8 -5.1 19.6 20.2 37.6 34.8 116.0 125.0 36,754 -14.7 3.6 4.5

2 Biogen Idec 65 USA 894.23 19.7 21.3 3,051 6.8 17.7 4,750 1.1 8.2 29.3 26.2 29.4 29.3 188.3 159.0 9,432 -4.0 3.8 6.7

3 Gilead Sciences 91 USA 620.05 29.1 34.9 4,887 31.4 32.3 3,852 11.9 15.3 12.7 12.9 50.3 52.0 161.0 139.6 20,053 -29.2 3.3 2.2

4 Genzyme 95 USA 588.86 -33.3 10.1 3,147 -1.9 12.3 12,000 9.1 10.1 18.7 27.5 10.8 12.6 49.1 80.2 11,776 23.6 14.7 13.0

5 Celgene 104 USA 544.39 -14.8 48.1 1,875 19.3 44.1 2,813 15.2 29.8 29.0 40.6 33.5 -64.3 193.5 261.6 17,827 5.7 3.5 3.4

6 Kyowa Hakko Kirin 154 Japan 349.18 -3.6 11.8 3,086 -10.4 5.2 7,436 2.5 8.9 11.3 10.5 6.8 5.1 47.0 49.9 3,984 -15.2 6.4 4.0

7 Vertex Pharmaceuticals 160 USA 332.24 26.0 34.4 71 -41.9 -22.2 1,432 7.4 14.2 467.9 215.5 -602.6 -263.6 232.0 197.8 5,116 18.4 23.1 18.3

8 Life Technologies 211 USA 234.94 136.6 46.3 2,286 102.4 37.4 9,000 -7.2 23.0 10.3 8.8 12.0 10.2 26.1 10.2 5,641 0.1 5.5 5.1

9 CSL 243 Australia 195.32 38.4 24.6 2,897 30.0 17.5 10,340 11.5 10.9 6.7 6.3 26.0 26.9 18.9 15.2 11,254 -3.9 6.3 6.2

10 Amylin Pharmaceuticals 334 USA 125.89 -17.3 -0.8 529 -9.7 14.1 1,500 -16.7 -1.1 23.8 26.0 -23.0 -35.4 83.9 84.5 1,972 51.4 20.0 35.1

11 Cubist Pharmaceuticals 352 USA 118.88 34.7 43.8 392 29.6 42.4 600 8.3 13.5 30.3 29.2 24.3 10.4 198.1 159.4 898 14.6 2.0 5.8

12 Mannkind 380 USA 108.95 -37.6 -6.6 0 -100.0 -100.0 443 -23.6 -6.7 1,246,750.0 -1,522,464.3 245.9 300.9 600 5.3 410,464.3

13 Abraxis Bioscience 384 USA 107.76 49.3 19.5 250 4.0 -22.3 885 20.6 -22.0 43.1 30.0 -30.7 -86.1 121.8 98.4 2,124 156.6 26.3 12.7

14 OSI Pharmaceuticals (now part of Astellas Pharma, Japan) 387 USA 105.83 12.2 -4.9 299 1.3 4.6 535 9.0 -4.3 35.4 31.9 35.4 34.6 197.8 192.1 16.1 1.2

15 Illumina 412 USA 98.00 40.7 63.6 464 16.2 53.4 1,781 16.0 44.0 21.1 17.4 19.0 14.0 55.0 45.4 3,964 23.3 7.8 10.4

16 United Therapeutics 449 USA 85.16 -48.9 28.5 258 31.4 32.3 410 13.9 12.9 33.0 85.0 7.2 -29.6 207.7 463.0 1,962 15.9 25.8 44.2

17 Seattle Genetics 458 USA 83.03 7.4 43.7 36 47.5 73.2 289 10.7 24.2 229.3 314.9 -163.3 -260.5 287.3 296.3 845 8.6 8.8 13.9

18 Incyte 477 USA 79.23 -22.0 9.1 6 136.4 -30.5 221 4.2 5.9 1,227.1 3,718.3 -1,940.7 -4,065.0 358.5 479.0 1,104 179.9 4.2 17.8

19 Biomarin Pharmaceutical 484 USA 78.57 134.9 32.9 226 9.5 56.8 720 10.9 20.6 34.7 16.2 2.5 11.3 109.1 51.5 1,448 33.1 27.7 19.0

20 Human Genome Sciences 513 USA 71.57 -47.1 -17.6 192 469.5 120.4 850 -3.4 3.3 37.2 401.2 2.2 -539.9 84.2 153.9 3,412 92.5 3.6 20.1

21 Zymogenetics 531 USA 69.13 -21.7 -8.3 95 85.1 75.4 323 -39.1 -13.4 72.4 171.2 -23.4 -160.3 214.0 166.6 288 16.0 1.3 6.5

22 Gen-Probe 541 USA 68.34 21.8 12.6 347 5.4 12.0 1,250 26.1 10.6 19.7 17.0 24.1 30.3 54.7 56.6 1,610 18.9 6.5 8.3

23 Nektar Therapeutics 552 USA 66.29 -9.8 0.7 50 -20.2 -30.9 335 -0.9 -25.0 132.2 117.0 -131.1 -168.7 197.9 217.5 931 89.5 22.8 20.9

24 Alexion Pharmaceuticals 623 USA 57.09 31.1 0.1 270 49.3 528.5 673 33.5 31.5 21.2 24.1 22.5 13.4 84.8 86.4 3,533 35.4 9.1 15.3

25 Altus Pharmaceuticals 625 USA 56.73 93.4 64.0 2 -92.4 -36.1 145 -9.4 12.4 3,766.7 147.7 -4,589.6 -237.8 391.2 183.3 0 -94.4 323.6 9.2

26 Regeneron Pharmaceuticals 647 USA 54.27 -9.3 -3.2 264 59.1 81.5 1,029 12.0 21.5 20.5 36.0 -19.5 -37.7 52.7 65.1 1,312 4.3 25.7 14.6

27 Isis Pharmaceuticals 649 USA 54.03 26.2 5.0 85 1.5 70.5 250 -16.7 -3.0 63.8 51.3 -22.7 -14.0 216.1 142.7 579 11.0 11.4

28 Affymetrix 651 USA 53.91 -8.8 -3.6 228 -20.3 -2.7 989 -12.3 -4.3 23.6 20.7 -10.1 -58.6 54.5 52.4 206 -55.8 3.1 3.4

29 Basilea Pharmaceutica 677 Switzerland 51.48 -20.3 -2.7 18 125.2 53.1 287.8 812.8 -456.8 -1,294.5 396 -27.4 2.3 32.3

30 Array BioPharma 690 USA 50.41 5.1 17 -13.3 -17.8 355 -8.0 8.8 289.5 238.9 -481.1 -348.4 142.0 124.3 108 -23.6 11.8 28.4

31 Lexicon Pharmaceuticals 694 USA 50.11 -11.7 23.3 7 -66.9 -47.2 345 -0.6 -16.1 672.0 251.8 -864.6 -247.3 145.3 163.5 341 157.4 3.4 6.8

32 Talecris Biotherapeutics 702 USA 49.64 7.9 1,069 11.6 5,000 4.6 4.8 22.5 14.4 9.9 1,910 4.9 6.3

33 Vivus 705 USA 49.54 -7.7 74.8 35 -51.1 42.6 126 -3.1 3.4 142.0 75.3 -109.3 -13.0 393.1 412.8 302 -12.5 0.8 0.4

34 Enzon Pharmaceuticals 709 USA 48.94 20.9 17.3 129 -6.3 -0.2 317 -9.7 -4.1 38.0 29.5 3.0 2.5 154.4 115.3 437 78.6 1.8 4.0

35 K-V Pharmaceutical 713 USA 48.70 49.8 34.2 232 -44.7 -3.2 610 -61.6 -18.9 21.0 7.7 -103.2 21.7 79.8 20.4 49 -38.1 7.1 3.9

36 InterMune 744 USA 45.91 -23.7 -14.2 34 0.9 -18.7 121 -6.9 -14.7 135.2 178.9 -193.9 -202.6 379.4 462.7 394 -16.0 0.7 4.2

37 ARIAD Pharmaceuticals 765 USA 44.22 24.8 13.6 6 17.2 110.1 149 -0.7 13.1 764.2 717.8 -961.7 -1,014.5 296.8 236.2 247 67.5 26.5 93.9

38 Osiris Therapeutics 769 USA 44.09 -9.5 20.2 35 46.4 75.1 57 -65.0 -20.4 124.5 201.4 -51.8 -181.2 773.6 298.9 150 -44.7 0.6 0.5


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales39 Dendreon 786 USA 42.92 23.0 -6.0 0 -9.1 -28.3 484 144.4 27.8 61,317.1 45,333.8 -99,604.3 -63,790.9 88.7 176.3 3,660 101.9 65,624.3 6,177.9

40 Geron 821 USA 39.84 9.6 12.1 1 -38.4 -19.2 172 8.2 18.6 3,311.9 1,860.6 -4,137.3 -2,406.5 231.6 228.7 364 -23.1 83.1 83.4

41 Emergent BioSolutions 823 USA 39.71 13.9 11.8 164 31.5 15.4 652 11.1 9.7 24.3 28.0 17.1 17.2 60.9 59.4 380 3.0 14.2 11.7

42 Halozyme Therapeutics 851 USA 37.65 36.6 82.4 10 56.0 140.6 139 7.8 51.5 395.1 451.1 -427.6 -575.5 270.8 213.6 434 -4.2 10.7 13.2

43 ViroPharma 867 USA 36.30 -21.4 39.6 216 33.6 22.9 188 -6.5 41.0 16.8 28.5 10.3 33.9 193.1 229.8 717 88.8 0.6 1.1

44 Savient Pharmaceuticals 868 USA 36.05 -6.8 30.3 2 -6.9 -65.4 43 -41.1 -13.7 1,747.5 1,744.3 -3,149.1 -2,820.8 838.4 529.8 677 20.2 2.4 8.4

45 Impax Laboratories 869 USA 35.96 -12.5 20.3 250 70.6 38.4 801 4.3 14.4 28.1 19.7 13.4 44.9 53.5 705 112.4 3.8 12.3

46 Inspire Pharmaceuticals 879 USA 35.64 17.9 7.4 64 30.7 35.5 240 -4.0 12.2 55.5 61.5 -40.8 -70.4 148.5 121.0 276 8.2 1.9 1.5

47 Orexigen Therapeutics 923 USA 33.06 -40.1 28.1 0 0.0 0.0 62 47.6 54,203.3 90,559.0 -74,870.5 -108,339.3 533.3 1,315.3 166 -36.4 144.3 1,882.0

48 Dyax 929 USA 32.47 -31.6 7.5 15 -50.2 19.2 121 -26.2 -9.1 215.3 156.8 -249.8 -120.4 268.3 289.3 148 -21.5 2.7 3.3

49 AEterna Zentaris 957 Canada 30.82 -23.0 17.7 44 64.3 -39.2 69.9 149.3 -37.9 -162.1 62 -46.4 0.8 3.0

50 Affymax 985 USA 29.44 -23.7 -0.3 80 38.7 114.0 143 -2.7 10.8 36.8 66.8 -68.6 -108.8 205.9 262.3 114 -55.1 0.6 4.6

51 XOMA 987 USA 29.42 -31.6 0.8 69 44.8 49.4 195 -41.8 -8.6 42.9 90.8 15.0 -57.1 150.9 128.5 57 -39.3 0.3 11.9

52 Verenium 991 USA 29.28 -2.0 2.3 46 -5.4 10.2 270 -10.9 13.0 63.7 61.5 -113.8 -250.2 108.4 98.6 22 -55.7 8.2 64.7

47,001.73 8.1 10.1 296,116 5.1 7.3 903,436 7.2 4.9 15.9 15.4 23.2 21.1 51.9 53.3 752,744 11.7 3.8 4.6

Pharmaceuticals (4577) number of companies for calculation 60 60 55 60 59 56 57 53 54 60 59 60 59 57 54 59 54 58 59

1 Roche 2 Switzerland 6,401.86 9.1 13.0 33,072 7.5 5.3 81,507 1.8 3.1 19.4 19.1 25.0 30.6 78.5 73.3 82,173 -12.4 5.8 7.0

2 Pfizer 4 USA 5,404.13 -2.4 0.7 34,854 3.5 -1.6 116,500 42.4 5.9 15.5 16.5 21.3 18.4 46.4 67.7 90,085 21.4 2.4 3.5

3 Novartis 5 Switzerland 5,156.02 2.5 11.8 30,852 6.8 6.1 99,834 3.2 -0.3 16.7 17.4 23.2 22.9 51.6 52.0 92,727 12.4 4.3 5.3

4 Johnson & Johnson 6 USA 4,868.87 -7.8 -0.7 43,139 -2.9 5.1 115,500 -2.7 -1.9 11.3 11.9 26.0 26.7 42.2 44.5 111,631 -3.3 3.8 4.8

5 Merck 10 USA 4,073.66 21.6 38.8 19,116 15.0 37.3 100,000 44.0 21.3 20.1 56.6 40.7 40.7 74,975 142.8 5.3 5.4

6 Takeda Pharmaceutical 18 Japan 3,391.78 64.3 38.7 11,517 11.9 8.3 19,362 23.2 8.7 29.5 20.1 20.3 34.5 175.2 131.4 25,459 15.5 2.6 2.4

7 Eli Lilly 20 USA 3,015.34 12.6 11.4 15,219 7.2 11.6 40,360 -0.3 -0.9 19.8 18.8 25.3 -6.3 74.7 66.1 28,691 9.0 3.5 4.6

8 Bristol-Myers Squibb 23 USA 2,541.77 1.7 5.9 15,078 1.3 6.5 28,000 -20.0 -13.3 16.9 16.8 29.8 21.7 90.8 71.4 31,457 4.5 3.4 4.4

9 Abbott Laboratories 34 USA 1,912.24 2.0 6.8 21,441 4.2 11.0 73,000 5.8 3.1 8.9 9.1 24.7 21.1 26.2 27.2 53,870 12.7 3.5 4.4

10 Daiichi Sankyo 41 Japan 1,381.57 12.9 5.1 6,305 -4.3 -3.1 28,895 88.3 16.2 21.9 18.6 -32.9 16.2 47.8 79.7 9,529 -5.3 2.4 2.9

11 Astellas Pharma 47 Japan 1,190.81 18.3 3.8 7,230 -0.7 3.2 14,261 4.4 -1.6 16.5 13.8 25.0 27.6 83.5 73.7 10,927 -12.2 3.8 2.8

12 Eisai 48 Japan 1,168.71 13.1 18.7 5,853 6.5 9.1 10,977 2.7 6.5 20.0 18.8 9.9 2.1 106.5 96.7 7,252 -0.7 4.3 5.3

13 Forest Laboratories 73 USA 734.28 59.3 3.8 2,866 6.9 8.9 5,200 -0.5 0.5 25.6 17.2 22.3 23.3 141.2 88.2 5,548 -4.2 0.8 1.1

14 Teva Pharmaceutical Industries 101 Israel 558.95 2.0 17.5 9,687 25.4 18.2 35,089 -8.4 9.6 5.8 7.1 17.3 7.8 15.9 14.3 32,013 -2.4 5.2 6.1

15 Allergan 114 USA 492.05 -11.5 -12.5 3,139 2.3 13.7 8,300 -5.0 7.0 15.7 18.1 20.1 18.1 59.3 63.6 13,462 15.5 2.1 4.3

16 Shionogi 138 Japan 395.46 31.1 17.9 1,703 6.2 5.0 6,010 20.6 6.3 23.2 18.8 12.9 17.9 65.8 60.5 4,420 -20.1 4.9 5.4

17 Dainippon Sumitomo Pharma 139 Japan 395.44 11.7 21.2 1,977 0.0 2.4 4,787 -0.2 -2.4 20.0 17.9 11.6 13.7 82.6 73.8 2,256 -15.3 5.2 2.7

18 Actelion 171 Switzerland 312.94 23.9 29.9 1,195 20.3 23.3 2,260 18.9 21.8 26.2 25.4 19.1 25.2 138.5 132.9 3,881 -19.2 7.4 5.9

19 Ono Pharmaceutical 180 Japan 287.49 -1.5 4.1 1,022 -6.4 -2.8 2,646 -1.0 0.7 28.1 26.7 26.1 35.0 108.6 109.2 3,524 -11.1 1.1 1.1

20 Cephalon 190 USA 275.60 9.2 -0.7 1,528 11.0 7.5 3,026 8.8 1.5 18.0 18.3 15.7 10.2 91.1 90.8 3,057 5.7 2.8 3.8

21 Taisho Pharmaceutical 235 Japan 206.06 11.2 6.1 1,918 2.6 -1.9 5,409 1.5 1.4 10.7 9.9 7.4 14.3 38.1 34.8 4,106 3.2 1.3 1.6

22 Mylan 246 USA 191.84 -13.2 38.5 3,549 -0.9 46.7 12,500 4.2 25.0 5.4 6.2 10.7 4.3 15.3 18.4 3,764 26.4 3.0 3.2

23 Sepracor (now part of Sumitomo Chemical, Japan) 270 USA 172.02 -6.4 19.5 901 5.5 16.3 2,400 5.4 5.2 19.1 21.5 3.3 1.7 71.7 80.7 3.8 2.1

24 Hospira 274 USA 167.62 12.6 14.2 2,704 6.9 13.0 13,500 -6.9 1.3 6.2 5.9 12.5 14.1 12.4 10.3 6,118 35.9 4.1 4.5

25 Exelixis 278 USA 163.58 -8.8 8.2 106 28.8 15.4 676 0.0 1.3 154.7 218.4 -80.3 -152.1 242.0 265.4 218 -48.0 3.9 12.8

26 Santen Pharmaceutical 304 Japan 138.19 42.6 9.7 761 -1.7 1.1 2,690 8.3 5.2 18.2 12.5 14.9 19.8 51.4 39.0 2,069 11.0 2.9 3.0

27 Watson Pharmaceuticals 313 USA 132.77 16.0 15.2 1,947 10.2 12.2 5,830 15.0 0.0 6.8 6.5 14.1 14.6 22.8 22.6 3,632 43.4 2.0 2.5

28 Endo Pharmaceuticals 324 USA 129.16 68.1 30.8 1,018 15.9 17.1 1,487 22.3 13.2 12.7 8.7 27.5 30.6 86.9 63.2 1,995 14.9 0.8 1.4

29 Onyx Pharmaceuticals 435 USA 88.87 74.5 60.3 175 29.4 902.3 271 37.6 29.4 50.7 37.6 8.0 -5.4 327.9 258.4 1,184 -3.8 0.5 0.8

30 Kissei Pharmaceutical 445 Japan 86.52 1.7 3.0 483 5.0 0.3 1,870 1.4 2.1 17.9 18.5 4.1 6.4 46.3 46.1 758 -21.3 1.6 4.1

31 Medicines 463 USA 81.97 11.2 22.8 282 16.1 23.6 462 2.0 16.9 29.1 30.4 -6.3 -3.1 177.4 162.7 481 65.9 0.1 5.6

32 Galenica 469 Switzerland 80.27 34.8 36.7 1,963 7.7 10.6 5,255 24.0 26.2 4.1 3.3 9.1 9.5 15.3 14.0 1,806 19.7 2.1 2.6

33 Kyorin 479 Japan 78.84 -2.7 1.4 680 12.1 7.1 11.6 13.4 5.1 6.7 40.5 702 -18.0 1.6 2.5

34 Biovail 501 Canada 74.32 55.7 12.4 572 8.4 -8.4 1,291 -7.1 -7.0 13.0 9.0 21.4 16.2 57.6 34.4 2,491 62.8 0.9 2.9

35 Arena Pharmaceuticals 502 USA 74.12 -47.4 13.5 7 5.9 -30.2 358 -28.3 -1.2 1,023.9 2,059.4 -1,277.6 -2,439.4 207.0 282.1 560 96.6 51.3 236.7

36 Hisamitsu Pharmaceutical 510 Japan 71.98 -14.4 933 4.7 1,890 7.9 7.7 9.4 26.8 25.6 38.1 48.0 2,651 15.2 3.6 7.0

37 King Pharmaceuticals 536 USA 68.76 -32.0 -11.8 1,238 13.5 -3.7 2,649 -21.9 -1.9 5.6 9.3 13.4 -14.3 26.0 29.8 1,493 -16.5 2.2 3.7

38 Mochida Pharmaceutical 558 Japan 65.58 2.0 563 0.8 2.1 1,702 0.6 -1.1 11.7 11.5 18.0 18.4 38.5 38.0 837 -2.4 2.1

39 Alkermes 564 USA 64.29 94.7 29.1 124 -45.5 -9.4 570 0.0 -11.8 51.7 14.5 -24.3 40.8 112.8 57.9 898 43.1 8.9 1.7

40 Rigel Pharmaceuticals 577 USA 62.72 -17.9 56.5 1 -71.8 142 -21.5 -2.2 11,992.4 -14,930.0 441.7 422.3 293 38.2 18.7

41 Salix Pharmaceuticals 584 USA 62.35 16.8 23.1 162 30.3 3.8 395 41.1 18.1 38.4 42.9 -17.2 -26.1 157.9 190.7 1,596 268.8 1.2 0.5

42 Dr Reddy's Laboratories 602 India 59.68 -2.6 17.7 1,026 0.9 2.1 13,000 15.8 13.0 5.8 6.0 9.0 -8.1 4.6 5.5 3,368 71.7 5.7 6.8

43 Nippon Shinyaku 610 Japan 58.79 -0.6 -8.0 472 6.1 5.3 1,734 0.8 -0.8 12.5 13.3 11.5 10.9 33.9 34.4 614 -5.0 3.2 3.0

44 Kaken Pharmaceutical 618 Japan 57.62 13.0 8.4 621 3.7 3.2 1,713 -0.4 0.1 9.3 8.5 11.8 10.3 33.6 29.6 735 16.7 3.1 2.7

45 Perrigo 646 USA 54.31 7.9 14.2 1,461 15.0 15.3 7,250 16.9 6.7 3.7 4.0 11.0 10.8 7.5 8.1 3,766 119.0 2.8 2.5

46 Medicis Pharmaceutical 695 USA 50.02 -28.2 -23.7 399 10.5 17.9 612 5.9 16.1 12.5 19.3 23.1 5.0 81.7 120.5 1,116 53.9 0.9 2.1

47 Sun Pharmaceutical Industries 700 India 49.73 16.1 18.1 640 27.3 37.7 8,000 0.0 17.0 7.8 8.5 42.2 43.9 6.2 5.4 5,402 46.9 10.0 4.5

48 Seikagaku 758 Japan 44.66 5.5 19.6 204 -1.5 5.5 609 2.5 3.8 21.9 20.5 16.8 24.1 73.3 71.3 413 -12.4 6.1 14.4

49 Theravance 780 USA 43.53 -10.4 -26.0 17 5.5 7.6 194 1.6 -12.0 256.2 301.9 -333.8 -403.5 224.4 254.4 784 44.0 3.1 4.5

50 Cipla 869 India 35.96 3.2 11.0 803 8.0 15.9 4.5 4.7 25.8 23.0 3,775 18.5 3.9 10.3

51 Auxilium Pharmaceuticals 872 USA 35.82 -5.7 10.7 114 30.8 33.8 540 58.8 24.8 31.3 43.5 -32.7 -38.4 66.3 111.7 807 -5.9 7.0 8.8

52 Synta Pharmaceuticals 881 USA 35.58 -37.4 0.4 101 5,414.6 127 -1.6 -4.5 35.4 3,118.9 55.0 -3,582.6 280.2 440.8 85 8.9 0.3 83.5

53 Matrix Laboratoires 883 India 35.53 98.2 58.2 341 31.6 25.2 10.4 6.9 11.3 -19.2 488 11.1 6.1

54 Ironwood Pharmaceuticals 889 USA 35.25 22.1 25 62.5 165 140.1 186.5 -203.3 -255.8 213.6 1 11.2 103.2

55 Myrexis 903 USA 34.26 -57.2 4 -95.1 181 900.8 103.6 -1,065.4 -31.0 189.3 65 6.9 2.1

56 Siegfried 955 Switzerland 30.89 -13.7 10.7 191 -2.0 -7.7 823 -0.2 -5.2 16.2 18.4 -12.1 -33.6 37.5 43.4 169 -1.2 7.6 12.2

57 Valeant Pharmaceuticals 963 USA 30.65 -54.7 -26.2 579 4.2 -2.9 3,100 33.0 -3.4 5.3 12.2 29.0 -17.9 9.9 29.0 3,055 100.8 2.4 2.1

58 Dong-A Pharmaceutical 978 South Korea 29.64 14.9 479 14.1 11.9 1,453 1.8 6.2 6.1 12.4 13.7 20.4 714 8.8 10.0

59 Tsumura 979 Japan 29.63 -9.4 -6.6 674 -5.0 -0.1 2,631 -5.1 -1.6 4.4 4.6 16.8 15.1 11.3 11.8 1,484 -9.2 5.0 3.0

60 Miraca 984 Japan 29.45 -11.7 -3.7 1,088 1.4 1.7 4,443 2.1 -1.3 2.7 3.1 10.4 9.9 6.6 7.7 1,317 8.6

6,394.86 -5.0 -0.2 125,555 -7.6 1.4 706,881 0.1 3.0 5.1 5.0 10.4 10.8 9.0 9.5 138,069 4.8 3.4 4.2

Computer services (9533) number of companies for calculation 14 14 13 14 14 13 14 14 12 14 14 14 14 14 14 13 13 13 14


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales1 IBM 15 USA 3,445.71 -9.9 -2.3 66,738 -7.6 1.6 399,409 0.2 3.9 5.2 5.3 19.1 16.7 8.6 9.6 112,404 3.8 3.6 4.0

2 Fujitsu 35 Japan 1,870.92 -3.4 1.1 35,135 -12.0 -0.7 165,612 -1.1 1.5 5.3 4.9 -2.3 2.2 11.3 11.6 9,704 2.2 3.7 5.0

3 Prithvi Information Solutions 218 India 228.72 92.2 66.8 296 76.0 63.4 2,680 -2.6 30.9 77.3 70.8 -0.1 6.8 85.3 43.3 15 -12.5 0.2 0.3

4 SunGard Data Systems 227 USA 221.63 -2.2 4.8 3,839 -1.6 8.4 20,700 3.5 7.6 5.8 5.8 -10.2 6.7 10.7 11.3 5.9 7.0

5 DST Systems 343 USA 122.73 13.5 3.8 1,546 -3.0 -0.3 11,200 2.8 2.2 7.9 6.8 14.8 16.0 11.0 9.9 1,341 -15.3 4.4 4.9

6 Teradata 344 USA 122.66 10.0 1,191 -3.0 6,600 3.1 10.3 9.1 19.5 19.2 18.6 17.4 3,475 7.1 1.7 1.1

7 GSI Commerce 454 USA 83.76 15.6 38.4 700 3.9 18.1 5,500 23.0 28.1 12.0 10.8 1.0 -1.1 15.2 16.2 1,024 73.6 5.9

8 Unisys 518 USA 71.02 -21.0 -32.9 3,204 -12.1 -7.2 25,600 -8.6 -6.7 2.2 2.5 7.2 0.2 2.8 3.2 684 25.6 1.0 1.5

9 Kpit Cummins Infosystems 591 India 61.27 -8.4 12.4 110 -7.8 16.4 4,918 7.5 14.7 55.9 56.3 18.2 17.7 12.5 14.6 211 240.5 1.8 0.8

10 Ixia 852 USA 37.62 9.7 7.5 124 1.2 -0.4 1,073 39.5 12.7 30.3 28.0 -16.8 -12.8 35.1 44.6 472 66.3 4.5 4.9

11 SAIC 906 USA 34.15 6.5 13.0 7,560 7.6 9.3 46,200 1.8 1.6 0.5 0.5 8.0 7.5 0.7 0.7 4,253 69.9 0.5 0.6

12 Nihon Unisys 915 Japan 33.65 -10.1 -9.7 2,322 -8.2 -0.8 9,639 1.3 4.2 1.4 1.5 -4.0 3.3 3.5 3.9 512 -19.1 2.2 2.4

13 Nomura Research Institute 960 Japan 30.73 -16.5 17.9 2,555 -0.3 6.1 6,118 7.1 1.2 1.4 13.4 12.7 5.0 6.4 3,025 -18.8 4.1 6.2

14 Ariba 968 USA 30.31 -16.8 -4.6 236 3.3 4.6 1,632 -6.2 -0.9 12.8 15.9 4.6 -14.8 18.6 20.9 951 28.6 1.9 2.3

3,403.30 2.8 26.3 28,284 -3.5 12.2 75,426 9.2 5.6 12.0 11.3 24.0 14.4 44.4 51.1 184,872 16.9 4.9 8.7

Internet (9535) number of companies for calculation 12 12 9 12 12 10 11 10 9 12 12 12 12 11 10 12 10 12 12

1 Google 32 USA 1,981.44 1.8 32.3 16,483 8.5 30.7 19,835 -1.9 22.9 12.0 12.8 35.2 25.4 99.9 96.3 108,029 6.4 3.4 10.8

2 Yahoo! 64 USA 906.15 -5.2 15.1 4,502 -10.4 0.2 13,900 2.2 6.8 20.1 19.0 5.9 -0.2 65.2 70.2 12,996 -11.7 6.7 9.4

3 Tencent 406 China 99.64 73.5 56.0 1,270 73.9 64.4 7,515 21.3 35.6 7.8 7.9 47.3 43.1 13.3 9.3 23,737 23.2 14.2 8.6

4 Akamai Technologies 654 USA 53.78 7.7 15.6 599 8.7 26.1 1,750 16.7 18.3 9.0 9.1 26.2 26.8 30.7 33.3 5,597 155.9 9.4 11.4

5 NCsoft 656 South Korea 53.70 7.7 25.4 208 5.2 0.8 25.9 25.3 8.0 14.4 2,614 71.6 15.0 15.6

6 United Online 662 USA 52.84 19.0 12.7 690 47.9 23.7 1,699 -14.5 19.1 7.7 9.5 15.2 -9.4 31.1 22.4 302 -31.3 2.6 3.0

7 Digital River 697 USA 49.74 39.4 30.1 281 2.4 9.5 1,239 -7.2 4.5 17.7 13.0 15.8 18.1 40.1 26.7 717 -22.2 7.9 6.8

8 IAC/InterActiveCorp 754 USA 44.82 -1.8 959 -70.0 -41.0 3,200 0.0 -45.7 4.7 1.4 -82.5 -11.5 14.0 14.3 1,717 -0.7 2.8 1.4

9 AOL 771 USA 44.05 -8.1 2,270 -21.8 6,700 1.9 1.7 14.1 -27.9 6.6 1,630 4.2 4.1

10 Baidu 784 Cayman Islands 43.15 47.6 454 39.1 7,353 15.1 9.5 9.0 37.1 291.1 5.9 4.6 20,062 145.6 9.0 13.1

11 Alibaba.com 830 Cayman Islands 39.24 106.1 53.9 396 29.1 41.6 11,716 46.6 48.6 9.9 6.2 23.6 34.4 3.3 2.4 7,041 12.4 10.1

12 Shutterfly 899 USA 34.77 13.5 37.8 172 15.4 25.9 519 1.0 23.6 20.2 20.6 3.5 1.7 67.0 59.6 429 57.3 5.6 8.5

15,024.12 1.0 7.4 103,202 4.6 8.3 483,483 0.6 6.3 14.6 15.1 28.5 19.8 30.5 30.5 366,658 6.3 2.8 4.4

Software (9537) number of companies for calculation 62 62 60 62 62 61 58 56 54 62 62 62 62 58 57 58 56 62 62

1 Microsoft 3 USA 6,073.20 -3.3 7.0 43,548 6.9 6.9 89,000 -4.3 4.1 13.9 15.4 38.6 34.8 68.2 67.5 147,158 0.0 3.2 5.3

2 Oracle 27 USA 2,267.87 17.6 14.0 18,692 15.3 14.2 105,000 22.1 12.0 12.1 11.9 33.6 35.4 21.6 22.4 79,379 3.6 0.9 2.3

3 Symantec 94 USA 597.28 -2.6 -0.4 4,171 -2.7 4.8 17,400 0.0 0.6 14.3 14.3 16.5 -105.1 34.3 35.2 6,788 -21.6 4.1 4.4

4 CA 120 USA 462.77 6.9 1.8 3,034 1.9 3.4 13,800 4.5 -1.6 15.3 14.5 28.8 26.1 33.5 32.8 6,588 -20.0 1.8 1.9

5 Intuit 131 USA 430.60 -5.0 12.3 2,218 3.6 10.3 7,800 -4.9 1.3 19.4 21.2 21.4 21.1 55.2 55.2 8,441 23.4 4.1 8.5

6 Adobe Systems 140 USA 393.87 -14.6 1.5 2,053 -17.7 4.6 8,660 18.1 12.5 19.2 18.5 22.9 29.3 45.5 62.9 10,253 -13.2 4.1 3.1

7 Autodesk 165 USA 318.85 -20.6 4.0 1,194 -26.0 -2.3 6,800 -12.8 9.6 26.7 24.9 4.1 10.6 46.9 51.5 4,493 11.2 2.3 3.4

8 Synopsys 177 USA 294.75 6.3 4.2 948 1.7 7.5 5,928 4.2 4.9 31.1 29.8 15.8 14.3 49.7 48.7 2,256 11.7 2.9 2.9

9 Cadence Design Systems 200 USA 254.53 -22.9 -9.0 594 -17.9 -16.9 4,400 -10.2 -5.4 42.8 45.6 -15.2 -153.0 57.8 67.3 1,184 9.0 4.8 9.4

10 McAfee 224 USA 226.07 28.7 18.8 1,343 20.5 18.9 6,100 8.9 18.1 16.8 15.8 11.7 11.4 37.1 31.4 3,170 -32.5 3.1 3.0

11 Citrix Systems 225 USA 225.45 -1.7 23.0 1,125 1.9 12.5 4,816 -4.4 8.8 20.0 20.8 10.9 10.9 46.8 45.5 7,395 62.8 4.7 11.4

12 Cerner 240 USA 198.76 -2.1 -2.5 1,165 -0.2 6.7 7,600 1.3 0.8 17.1 17.4 17.2 16.0 26.2 27.1 4,373 21.5 7.9 6.4

13 BMC Software 242 USA 196.19 -2.7 2.1 1,332 2.1 6.5 6,100 5.2 0.6 14.7 15.5 26.5 19.6 32.2 34.8 4,342 -2.9 1.2 1.5

14 Mentor Graphics 261 USA 178.10 -1.8 4.0 559 1.7 0.5 4,400 -2.2 1.3 31.8 33.0 -0.3 -9.0 40.5 40.3 660 31.0 5.8 5.1

15 Parametric Technology 318 USA 131.38 3.6 8.6 654 -12.3 3.1 5,165 1.5 6.2 20.1 17.0 1.7 10.3 25.4 24.9 1,400 25.9 3.2 2.4

16 Polaris Software Lab 320 India 130.32 -1.7 9.7 203 -1.8 9.5 9,512 3.0 3.8 64.3 64.3 14.0 13.4 13.7 14.4 259 36.3 2.7 2.2

17 Sybase (now part of SAP, Germany) 326 USA 128.48 -6.7 -0.5 816 3.4 10.1 3,819 -4.4 -2.1 15.7 17.5 24.2 18.6 33.6 34.5 2.9 2.9

18 Novell 329 USA 126.41 -8.5 0.2 601 -10.5 -6.4 3,600 -10.0 -7.5 21.0 20.6 -24.8 -2.2 35.1 34.5 1,385 25.7 2.6 3.9

19 Mindtree 349 India 119.56 14.6 56.9 194 4.7 30.0 61.6 56.3 14.1 5.3 312 19.2 7.5 12.4

20 Red Hat 379 USA 109.18 11.8 25.6 521 14.7 23.1 3,200 14.3 21.1 20.9 21.5 14.8 12.6 34.1 34.9 4,073 43.8 3.8 3.8

21 Salesforce.com 396 USA 102.45 34.0 48.8 910 21.3 38.0 3,969 11.3 24.2 11.3 10.2 8.7 5.8 25.8 21.4 8,722 115.1 4.1 5.7

22 Quest Software 402 USA 100.62 -5.9 9.3 485 -5.5 7.4 3,365 -3.2 5.8 20.8 20.9 12.0 10.7 29.9 30.8 1,215 23.7 1.6 1.7

23 RealNetworks 455 USA 83.25 5.1 15.6 392 -7.0 12.5 1,845 -7.4 3.8 21.2 18.8 -43.5 -40.7 45.1 39.8 257 -0.5 3.0 4.9

24 Nuance Communications 457 USA 83.24 3.9 26.2 662 9.4 34.7 5,800 -4.9 51.1 12.6 13.2 6.8 3.6 14.4 13.1 3,111 26.1 2.1 2.0

25 Open Text 467 Canada 80.96 9.7 25.2 548 8.3 24.3 3,411 17.0 21.7 14.8 14.6 12.3 13.8 23.7 25.3 1,510 -2.8 1.5 1.0

26 VeriSign 486 USA 78.38 -8.9 -4.6 875 -19.3 -7.3 2,328 -29.4 -24.1 9.0 7.9 27.6 3.0 33.7 26.1 3,462 22.7 9.3 7.7

27 TIBCO Software 497 USA 75.75 2.0 8.2 433 -3.6 6.3 2,097 1.3 9.5 17.5 16.5 14.3 10.2 36.1 35.9 1,510 31.9 0.9 1.4

28 Rovi 555 USA 65.95 39.8 21.4 337 -13.5 25.0 1,200 1.2 15.2 19.6 12.1 7.6 -35.6 55.0 39.8 3,005 45.0 4.1 1.9

29 Progress Software 562 USA 65.00 6.2 6.5 344 -4.2 3.4 1,821 -5.5 3.1 18.9 17.0 10.3 12.5 35.7 31.8 838 32.3 1.5 1.6

30 Lawson Software 575 USA 62.91 9.6 1.9 513 -2.8 -0.6 3,900 5.4 0.9 12.3 10.9 7.5 5.8 16.1 15.5 836 17.8 2.6 3.9

31 Check Point Software Technologies 580 Israel 62.55 -2.1 13.0 644 14.3 17.1 2,112 12.1 10.4 9.7 11.3 44.8 42.7 29.6 33.9 4,910 17.1 0.5 1.0

32 Infosys Technologies 585 India 62.16 67.3 39.2 3,406 4.8 17.9 92,688 -11.6 8.7 1.8 1.1 30.6 29.7 0.7 0.4 23,661 39.4 4.2 9.2

33 Eclipsys 605 USA 59.31 6.9 5.7 362 0.7 6.7 2,800 0.0 8.0 16.4 15.4 1.8 1.8 21.2 19.8 806 16.8 4.1 4.9

34 Blue Coat Systems 607 USA 59.19 10.8 28.7 346 11.6 40.8 1,261 -12.1 21.2 17.1 17.2 7.9 0.6 46.9 37.3 535 3.2 3.6 6.1

35 ANSYS 633 USA 55.66 11.5 16.7 360 8.1 25.2 1,600 -8.6 4.6 15.4 15.0 35.5 35.5 34.8 28.5 2,592 13.6 1.6 3.5

36 Nice-Systems 638 Israel 54.85 -1.3 19.5 406 -6.6 12.5 13.5 12.8 6.5 6.0 1,199 7.4 1.5 2.5

37 Informatica 641 USA 54.61 8.0 12.5 349 9.9 15.5 1,755 8.9 12.9 15.6 15.9 18.1 18.7 31.1 31.4 1,970 70.1 0.7 1.0

38 ACI Worldwide 650 USA 54.02 111.1 23.9 283 21.4 5.3 2,114 -1.9 2.6 19.1 11.0 10.3 5.3 25.6 11.9 463 39.5 0.7 1.7

39 Fair Isaac 676 USA 51.52 -5.3 -4.5 440 -15.3 -8.6 2,086 -15.9 -8.7 11.7 10.5 19.2 16.6 24.7 21.9 667 -12.5 2.2 3.1

40 Totvs 688 Brazil 50.58 70.0 63.6 395 30.1 36.2 12.8 9.8 18.1 6.9 1,513 1.4 2.5

41 CSG Systems International 710 USA 48.87 4.2 14.9 349 6.1 9.3 2,061 -0.2 6.9 14.0 14.3 13.3 18.9 23.7 22.7 422 6.3 8.1 4.6

42 Synaptics 720 USA 47.41 35.8 24.4 330 31.1 36.9 524 24.8 27.3 14.4 13.9 12.7 11.3 90.5 83.1 665 1.5 2.0 2.0

43 Compuware 746 USA 45.86 2.3 622 -18.2 -9.7 4,336 -13.4 -16.8 7.4 5.9 22.9 18.5 10.6 9.0 1,181 -4.3 1.1 1.6

44 Constellation Software 747 Canada 45.74 36.1 26.0 305 32.5 27.6 15.0 14.6 5.2 5.5 17.8 509 36.6 0.8 0.8

45 Take-Two Interactive Software 763 USA 44.43 -0.3 -39.0 675 -37.0 -2.3 2,263 7.8 3.9 6.6 4.2 -13.4 7.6 19.6 21.2 490 -14.0 1.2 0.8

46 Websense 863 USA 36.69 -0.9 32.4 219 6.0 20.6 1,452 11.4 25.9 16.8 17.9 1.1 -8.4 25.3 28.4 525 9.9 3.8 2.7

47 Visma 866 Norway 36.40 1,996.5 228.3 408 11.0 13.6 3,488 12.8 11.9 8.9 0.5 15.6 13.8 10.4 0.6 1.3 1.3

48 Advent Software 875 USA 35.78 -6.4 12.2 194 5.1 14.8 998 -6.6 6.6 18.4 20.7 11.1 7.8 35.8 35.8 853 27.2 1.6 8.8


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales49 JDA Software 876 USA 35.77 -4.7 -3.0 269 -1.2 11.6 1,847 7.5 2.8 13.3 13.8 10.3 5.2 19.4 21.9 659 51.4 1.8 2.2

50 Blackboard 878 USA 35.66 13.3 23.5 263 20.8 27.2 1,183 8.8 15.6 13.6 14.5 5.4 1.4 30.1 29.0 829 5.1 5.0 7.7

51 MSC Software (now part of Symphony Technology) 880 USA 35.59 -0.1 2.6 177 3.1 -5.8 1,006 -9.9 -9.2 20.1 20.7 -2.1 0.4 35.4 31.9 1.2 3.3

52 SeaChange International 887 USA 35.31 17.7 3.2 141 -0.1 7.7 1,223 16.9 14.7 25.1 21.3 1.1 5.1 28.9 28.7 169 -13.8 4.1 6.4

53 Epicor Software 902 USA 34.30 -6.3 13.0 285 -16.0 2.2 2,539 -4.0 5.2 12.0 10.8 4.2 3.7 13.5 13.8 283 1.8 1.0 2.0

54 Magma Design Automation 925 USA 32.77 -31.6 -9.6 86 -16.2 -11.6 677 -7.5 -7.0 38.2 46.8 -4.8 -84.9 48.4 65.5 101 81.2 1.5 0.8

55 Openwave Systems 933 USA 32.35 -8.5 -19.2 134 -26.1 -22.5 590 -10.2 -25.9 24.2 19.6 -43.8 -22.2 54.8 53.8 95 -44.5 1.8 2.2

56 MicroStrategy 938 USA 32.06 4.1 10.1 265 5.4 6.6 1,816 -5.2 12.5 12.1 12.3 22.7 18.8 17.7 16.1 591 15.5 4.8 1.4

57 Blackbaud 941 USA 31.82 18.0 25.5 216 2.3 17.2 1,956 -1.1 18.9 14.8 12.8 14.8 15.6 16.3 13.6 681 19.1 1.8 2.5

58 Corel (now part of Corel Holdings LP, Cayman Islands) 952 Canada 31.02 -0.4 23.7 187 7.1 17.8 1,040 -6.3 16.6 17.9 8.1 2.8 29.8 28.1 2.6 1.5

59 Aspen Technology 965 USA 30.56 -4.6 -13.8 217 0.0 -2.1 1,311 -0.7 0.5 14.1 14.7 14.2 7.0 23.3 24.3 643 1.1 1.0 3.0

60 Deltek 966 USA 30.41 -5.5 4.6 185 -8.1 5.2 1,140 -8.1 16.4 16.0 14.8 16.1 26.7 25.9 335 20.0 0.9 2.0

61 Fortinet 988 USA 29.41 13.9 176 19.0 1,223 16.7 17.5 10.1 3.1 24.0 873 1.8 1.3

62 Nucleus Software Exports 989 India 29.38 -11.9 16.2 44 -11.2 9.7 1,558 67.2 67.8 15.4 27.8 18.9 60 14.7 0.4 6.0

14,998.77 -3.2 3.8 380,745 -5.4 4.2 1,253,028 -0.6 8.3 3.9 3.9 3.3 5.3 10.9 11.0 339,620 20.7 2.8 3.0

Computer hardware (9572) number of companies for calculation 43 43 41 43 43 42 31 31 28 43 43 43 43 31 33 40 38 40 41

1 Hitachi 19 Japan 3,118.30 -2.7 0.9 74,869 -10.9 1.9 400,129 2.7 4.0 4.2 3.8 -1.8 2.5 7.8 8.2 12,936 60.2 4.2 4.2

2 NEC 22 Japan 2,594.33 -1.6 6.4 31,561 -8.7 -5.1 143,327 -6.3 8.2 7.6 -6.3 2.5 18.1 17.2 4,626 -6.0 2.6 2.7

3 Hewlett-Packard 33 USA 1,964.69 -20.4 -7.8 79,837 -3.2 7.7 304,000 -5.3 24.9 2.5 3.0 8.8 8.8 6.5 7.7 65,813 -10.2 3.2 2.5

4 EMC 43 USA 1,363.65 -4.5 10.0 9,775 -5.7 7.9 43,200 2.6 11.6 13.9 13.8 10.1 10.3 31.6 33.9 26,849 25.6 2.9 4.7

5 Apple 59 USA 978.51 25.4 25.4 25,464 12.5 23.7 34,300 7.2 24.5 3.8 3.4 20.7 19.2 28.5 24.4 158,604 52.3 3.1 3.4

6 Seagate Technology 82 Cayman Islands 664.19 -7.3 5.8 6,834 -22.8 2.1 47,000 -13.0 -7.8 9.7 8.1 -27.1 11.0 14.1 13.3 3,798 -9.1 6.5 7.3

7 Dell 129 USA 434.90 -5.9 7.8 36,870 -13.4 -2.7 94,300 23.3 4.7 1.2 1.1 4.1 5.1 4.6 6.0 16,392 -15.2 0.7 0.7

8 NetApp 146 USA 373.36 7.5 11.6 2,740 15.4 11.9 8,333 4.5 7.9 13.6 14.6 12.5 1.4 44.8 43.6 9,450 71.3 3.4 8.5

9 Western Digital 151 USA 354.75 9.7 19.6 5,194 -7.7 19.7 45,991 -8.2 22.9 6.8 5.7 7.0 12.5 7.7 6.5 3,909 -20.0 7.0 7.6

10 ASUSTeK Computer 162 Taiwan 323.97 3.3 24.4 13,295 -8.6 2.9 2.4 2.2 3.0 3.3 3,267 -32.0 1.3 1.9

11 Brother Industries 189 Japan 275.95 8.0 13.4 3,610 -14.9 -5.9 22,668 -4.8 0.8 7.6 6.0 2.3 8.8 12.2 10.7 2,120 8.9 4.3 3.9

12 Lexmark 196 USA 261.56 -11.3 0.4 2,704 -14.3 -8.8 11,900 -15.0 -7.2 9.7 9.3 5.4 6.0 22.0 21.1 1,966 102.9 6.2 4.8

13 Pegatron 244 Taiwan 195.31 38.3 11,725 4.8 1.7 1.3 2.3 1.7 1,990

14 Quanta Computer 252 Taiwan 186.95 17.3 19.8 18,299 2.6 16.0 1.0 0.9 3.0 2.5 4,441 -8.8 0.7 1.0

15 Wistron 259 Taiwan 180.57 28.9 40.4 11,912 22.8 35.2 1.5 1.4 2.1 2.1 3.9 2,119 -9.7 1.2 1.5

16 Lenovo 287 Hong Kong 149.39 -2.6 -1.9 11,573 11.4 4.4 22,205 -1.4 -4.0 1.3 1.5 1.3 -1.4 6.7 6.8 4,131 34.8 0.2 0.7

17 NCR 298 USA 140.78 -4.3 -14.9 3,214 -13.2 -9.1 21,500 -4.0 -9.4 4.4 4.0 -1.8 5.3 6.5 6.6 1,386 -8.5 2.6 1.4

18 Palm (now part of Hewlett-Packard) 340 USA 123.51 -12.6 9.2 513 -44.2 -22.5 939 -10.6 -5.2 24.1 15.4 -41.6 -12.4 131.5 134.6 1.8 1.7

19 Inventec 360 Taiwan 115.53 1.4 15.5 9,697 17.4 20.1 1.2 1.4 1.3 0.8 1,093 -4.1

20 Logitech International 422 Switzerland 94.65 5.5 7.9 1,371 -11.0 -1.6 9,944 56.6 10.2 6.9 5.8 4.0 4.9 9.5 14.1 2,043 -10.6 2.0 2.2

21 Emulex 428 USA 90.46 0.4 13.1 264 -22.5 -2.1 768 -10.0 7.5 34.3 26.5 0.3 13.6 117.8 105.6 472 -17.2 6.5 5.7

22 Lite-On Technology 431 Taiwan 89.52 -17.5 3.0 4,053 -19.3 -5.7 2.2 2.2 5.7 1.9 1,885 8.2 2.7 6.6

23 Electronics For Imaging 490 USA 77.24 -21.1 -4.7 280 -28.4 -10.8 1,827 -9.6 -1.1 27.6 25.1 -16.7 -25.9 42.3 48.4 328 -11.8 1.3 2.1

24 Qisda 496 Taiwan 75.82 -4.9 -38.6 3,272 -11.4 -12.9 2.3 2.2 -0.1 -0.6 781 19.3 2.2 4.4

25 Avocent (now part of Emerson Electric) 545 USA 67.41 10.1 19.4 458 9.4 21.1 1,971 9.7 52.1 14.7 14.6 4.8 8.3 34.2 34.1 1.6 1.5

26 Micro-Star International 686 Taiwan 50.88 -4.3 9.9 1,791 -19.3 0.6 2.8 2.4 0.3 2.5 395 -19.6 0.2 1.3

27 Diebold 693 USA 50.20 -8.9 0.5 1,911 -13.5 -1.9 16,397 -1.6 2.0 2.6 2.5 4.2 5.3 3.1 3.3 1,235 -11.8 1.6 1.8

28 Xyratex 696 Bermuda 49.97 -17.9 0.1 605 -17.3 -4.1 1,645 -12.5 1.8 8.3 8.3 -1.4 -2.9 30.4 32.4 219 68.8 1.8 2.5

29 Quantum 712 USA 48.75 -0.8 -15.3 475 -15.8 -12.5 1,800 -3.7 -14.7 10.3 8.7 4.3 -40.5 27.1 26.3 202 26.6 1.3 0.7

30 VeriFone (now VeriFone Systems) 732 USA 47.01 -15.8 11.0 589 -8.4 13.3 2,249 -4.8 -0.6 8.0 8.7 -15.2 -34.5 20.9 23.6 1,276 114.4 1.2 1.9

31 Cray 753 USA 45.12 24.1 30.6 198 0.4 8.7 872 5.2 4.3 22.8 18.4 -0.3 -11.5 51.7 43.8 126 -36.3 2.7 1.6

32 Creative Technology 785 Singapore 43.03 -3.3 -7.2 325 -36.7 -25.5 13.2 8.7 -25.3 -5.7 153 -31.7 0.7 1.7

33 Intermec 804 USA 41.51 -7.7 -6.3 459 -26.1 -8.2 1,734 -16.2 -10.4 9.0 7.2 -3.0 5.3 23.9 21.7 430 -27.0 1.7 1.5

34 Eizo Nanao 822 Japan 39.72 -15.0 11.7 558 -16.6 -4.3 1,460 5.1 5.4 7.1 7.0 2.4 9.5 27.2 33.7 323 -10.3 1.7 3.7

35 Gigabyte Technology 861 Taiwan 36.83 19.7 9.2 1,035 -3.2 0.6 3.6 2.9 4.4 3.8 427 20.7 0.2 1.4

36 Universal Scientific Industrial 907 Taiwan 34.09 -10.3 4.2 1,121 -20.6 -1.1 3.0 2.7 4.0 0.9 3.7 1.5

37 3par 920 USA 33.14 2.6 24.7 135 5.2 43.2 657 11.2 24.5 25.1 -1.7 -1.6 50.4 54.7 421 5.2 7.9

38 Delta Electronics (Tahiland) 936 Thailand 32.31 -7.3 564 -17.8 -14.7 5.7 5.1 8.0 8.3 790 92.2 2.6 3.0

39 Hypercom 942 USA 31.77 -1.3 16.9 284 -7.9 17.3 1,365 -15.0 0.2 11.2 10.5 0.9 -17.3 23.3 20.1 121 27.9 2.0 2.1

40 Advantech 967 Taiwan 30.38 16.3 19.5 334 -11.7 2.0 4,554 5.2 9.1 6.9 12.4 16.0 6.7 6.0 799 42.1 2.6 6.5

41 MICROS Systems 974 USA 30.04 2.5 12.0 636 -4.4 10.3 4,757 3.0 7.8 4.7 4.4 15.6 14.6 6.3 6.3 1,980 23.4 1.5 1.4

42 Mercury Computer Systems 982 USA 29.53 -22.7 -11.5 132 -10.0 -7.2 517 -22.8 -14.8 22.4 26.1 4.5 -17.6 57.1 57.0 177 11.4 2.2 2.2

43 RadiSys 995 USA 29.19 -15.1 0.3 212 -18.3 1.3 719 -13.0 5.9 13.8 13.2 -0.6 -20.4 40.6 41.6 145 16.9 1.6 1.7

5,069.64 -10.2 0.5 69,646 -15.1 -4.5 473,184 2.1 5.3 7.3 6.9 4.1 8.4 10.7 12.2 62,475 16.1 6.1 6.2

Electronic office equipment (9574) number of companies for calculation 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6

1 Canon 26 Japan 2,280.42 -18.6 -0.4 24,026 -21.6 -8.3 168,879 1.1 12.5 9.5 9.1 7.0 11.3 13.5 16.8 38,727 16.5 10.2 10.5

2 Ricoh 62 Japan 931.38 -1.3 4.1 15,660 -5.8 3.0 108,500 30.1 12.5 5.9 5.7 2.3 8.3 8.6 11.3 6,839 -0.8 4.6 3.8

3 Seiko Epson 92 Japan 614.34 -1.0 -4.1 8,404 -16.7 -10.2 72,326 -18.7 -7.3 7.3 6.1 -8.1 3.7 8.5 7.0 2,023 -4.3 4.6 4.9

4 Konica Minolta 93 Japan 613.18 0.7 6.8 7,096 -11.5 -3.9 36,875 16.3 5.2 8.6 7.6 4.2 10.4 16.6 19.2 3,385 2.3 6.5 5.9

5 Xerox 112 USA 496.92 -4.9 -2.1 10,579 -13.8 -0.9 53,600 -6.1 -0.1 4.7 4.3 5.7 1.4 9.3 9.2 8,685 69.3 0.6 1.2

6 Pitney Bowes 312 USA 133.39 -10.0 2.0 3,881 -11.1 -1.4 33,004 -6.1 -1.4 3.4 3.4 16.5 14.8 4.0 4.2 2,816 -9.7 3.0 3.8

20,707.70 -7.5 1.6 127,621 -16.7 -5.1 558,370 -6.0 -1.6 16.2 14.6 1.4 -2.7 35.0 34.9 323,219 4.9 10.0 12.5

Semiconductors (9576) number of companies for calculation 107 106 104 107 107 105 95 93 88 107 107 107 107 95 96 104 98 104 105

1 Intel 11 USA 3,939.84 -1.2 -1.3 24,482 -6.5 -0.2 79,800 -4.9 -5.3 16.1 15.2 15.6 18.7 49.4 47.5 74,313 1.5 12.9 13.8

2 Advanced Micro Devices 46 USA 1,199.45 -6.9 12.6 3,766 -8.1 -1.5 13,400 -8.8 -6.7 31.9 31.4 12.2 -38.2 89.5 87.6 3,051 77.7 8.6 10.6

3 Broadcom 50 USA 1,069.76 2.5 11.2 3,130 -3.6 7.0 7,407 0.1 12.3 34.2 32.2 1.3 3.7 144.4 141.0 11,130 20.6 1.5 1.8

4 Texas Instruments 52 USA 1,028.69 -23.9 -12.4 7,267 -16.6 -10.7 26,584 -10.0 -5.0 14.2 15.5 19.1 19.2 38.7 45.8 20,225 -4.0 7.2 6.1

5 Applied Materials 84 USA 651.03 -15.4 -6.8 3,494 -38.3 -18.2 12,619 -14.9 -3.6 18.6 13.6 -10.2 16.0 51.6 51.9 10,455 -17.0 5.0 3.5

6 Nvidia 87 USA 633.42 6.2 18.0 2,318 -2.9 2.7 5,706 5.3 11.8 27.3 25.0 -3.1 -2.6 111.0 110.1 3,745 -26.7 11.9

7 Freescale Semiconductor 97 USA 580.56 -26.9 -11.6 2,445 -32.9 -17.8 18,000 -21.4 23.7 21.8 -35.1 -149.9 32.3 34.7 2.4 4.6

8 Marvell Technology 98 Bermuda 577.20 -10.9 8.0 1,957 -4.8 7.9 5,241 -5.6 -0.1 29.5 31.5 11.9 5.6 110.1 116.7 6,518 10.3 1.4 2.5

9 MediaTek 107 Taiwan 527.00 13.7 60.0 2,517 27.8 27.0 4,319 102.4 44.6 20.9 23.5 31.9 21.3 122.0 217.2 11,040 -1.2 1.4 1.9


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales10 Micron Technology 115 USA 491.92 3.8 2.5 3,652 -10.3 -0.2 18,200 -20.2 -8.2 13.5 11.6 -32.6 -28.2 27.0 20.8 5,045 27.2 10.2 43.3

11 Hynix Semiconductor 116 South Korea 478.05 4.1 20.1 4,732 16.0 0.7 10.1 11.2 -4.4 -51.4 7,513 17.9 12.8 42.0

12 Taiwan Semiconductor Manufacturing 118 Taiwan 470.53 0.5 10.3 6,444 -11.2 -2.9 26,390 15.5 9.3 7.3 6.4 31.7 31.6 17.8 20.5 33,972 5.1 31.6 17.8

13 Tokyo Electron 128 Japan 436.37 -8.8 5.8 3,804 -43.9 -9.0 10,391 -0.4 5.3 11.5 7.1 1.1 18.1 42.0 45.9 6,233 -10.9 3.4 2.1

14 LSI 133 USA 423.96 -9.5 13.7 1,547 -17.1 3.8 5,397 -1.7 10.4 27.4 25.1 -5.8 -22.6 78.6 85.4 1,879 -18.6 4.1 5.0

15 Maxim Integrated Products 148 USA 363.55 -9.7 0.5 1,147 -19.8 -3.9 8,765 -10.7 -3.7 31.7 28.1 1.1 20.8 41.5 41.0 3,529 -11.2 8.2 10.5

16 Murata Manufacturing 153 Japan 350.61 10.8 10.5 3,923 -17.1 2.2 33,431 -1.9 7.4 8.9 6.7 -2.9 18.6 10.5 9.3 7,418 -0.5 12.5 19.9

17 Analog Devices 172 USA 311.55 -18.1 -5.9 1,411 -25.0 -7.7 8,300 -7.8 -5.4 22.1 20.2 14.1 23.4 37.5 42.3 5,829 4.8 2.8 5.8

18 Rohm 176 Japan 301.64 21.9 6.0 2,374 -15.1 -6.5 22,034 7.3 2.8 12.7 8.9 -10.5 16.9 13.7 12.1 4,779 -13.4 17.0 13.7

19 SanDisk 194 USA 267.74 -10.7 7.8 2,486 6.4 3.1 3,267 -8.4 8.1 10.8 12.8 16.8 -63.3 82.0 84.1 6,748 152.6 1.7 5.5

20 KLA-Tencor 197 USA 258.89 -9.4 -1.0 1,060 -39.7 -9.8 4,900 -18.3 -6.0 24.4 16.3 -38.1 19.9 52.8 47.6 3,404 -6.6 1.5 2.3

21 Xilinx 210 USA 237.70 -4.0 -4.2 1,180 -7.3 -2.8 2,948 -6.3 -4.2 20.2 19.5 23.4 20.2 80.6 78.8 4,517 9.3 1.5 2.1

22 Lam Research 238 USA 200.91 -11.0 8.0 778 -54.9 -12.1 2,711 -28.7 3.7 25.8 13.1 -25.3 20.5 74.1 59.4 3,321 29.2 4.0 3.1

23 National Semiconductor 248 USA 190.06 -10.9 -9.2 989 -2.8 -9.7 5,800 0.0 -8.6 19.2 21.0 22.8 12.5 32.8 36.8 2,142 -13.5 3.1 5.7

24 Altera 258 USA 181.35 1.0 1.5 833 -12.6 -2.4 2,551 -7.6 -1.3 21.8 18.8 25.5 29.6 71.1 65.1 5,340 38.6 0.9 2.9

25 Advantest 262 Japan 177.53 -22.3 -4.1 574 -58.1 -32.9 3,187 -13.1 -3.9 30.9 16.7 -68.6 11.8 55.7 62.3 2,852 -20.3 6.4 6.6

26 United Microelectronics 266 Taiwan 175.29 -2.8 -5.1 1,991 -5.6 -6.6 13,051 4.8 -0.5 8.8 8.5 -0.5 -29.4 13.4 14.5 3,996 4.4 19.3 11.9

27 Avago Technologies 272 Singapore 170.75 -7.5 1,034 -12.9 3,200 16.5 15.6 3.2 8.9 53.4 3,334 3.8 3.8

28 Atmel 290 USA 147.78 -18.5 -9.8 848 -22.3 -11.4 5,600 -12.5 -11.2 17.4 16.6 -10.3 -0.9 26.4 28.3 1,850 48.6 2.6 2.8

29 ON Semiconductor 302 USA 138.55 -15.0 25.2 1,233 -13.9 4.9 12,887 -9.1 3.3 11.2 11.4 7.8 -17.9 10.8 11.5 1,911 -17.1 3.1 4.6

30 Linear Technology 323 USA 129.52 -5.7 4.9 675 -17.6 -4.0 3,821 -8.4 0.6 19.2 16.8 42.5 48.4 33.9 32.9 4,569 10.7 4.0 3.0

31 Cypress Semiconductor 330 USA 126.28 -6.4 -9.5 465 -63.0 -15.1 3,600 -12.2 -14.7 27.1 10.7 -21.9 -20.9 35.1 32.9 1,160 -2.6 3.9 2.3

32 Chartered Semiconductor 339 Singapore 123.96 11.3 13.4 1,158 22.5 17.2 6,004 10.7 11.8 -2.7 3.2 20.6 34.7 55.9

33 Dainippon Screen Mfg 347 Japan 120.33 -1.1 6.6 1,640 -21.7 -3.9 4,992 -1.0 2.2 7.3 5.8 -11.2 3.7 24.1 24.1 896 45.0 2.3 5.2

34 Teradyne 362 USA 114.88 -23.9 -7.6 571 -26.0 -15.9 2,900 -23.7 -8.6 20.1 19.6 -14.9 -36.0 39.6 39.7 1,215 26.6 5.1 7.9

35 Semiconductor Manufacturing 369 China 112.04 57.2 19.5 746 -20.9 -9.9 10,307 -2.7 0.9 15.0 7.6 -97.1 -4.6 10.9 6.7 1,272 62.2 20.3 49.4

36 Integrated Device Technology 376 USA 109.76 -2.3 -1.8 373 -19.2 -12.6 2,004 -5.1 -5.8 29.4 24.3 -7.0 -158.5 54.8 53.2 585 -23.7 2.4 2.5

37 PMC-Sierra 391 USA 103.97 -5.4 -2.0 346 -5.5 5.3 1,079 1.4 -3.0 30.1 30.0 11.3 9.2 96.4 103.3 1,153 -16.4 1.3 1.3

38 Novellus Systems 392 USA 103.92 -32.1 -15.2 445 -36.8 -27.2 2,544 -16.5 -11.9 23.3 21.7 -11.8 -10.8 40.8 50.2 1,580 34.3 1.9 1.8

39 Intersil 399 USA 101.10 1.0 4.7 426 -20.6 -6.2 1,503 -1.8 1.8 23.7 18.7 6.8 -140.6 67.3 65.4 893 -24.0 1.8 4.1

40 Sanken Electric 401 Japan 100.83 -1.5 6.2 1,101 -20.2 -5.4 10,063 -3.0 1.1 9.2 7.4 -6.2 3.2 10.0 9.9 296 -10.3 8.3 4.6

41 RF Micro Devices 417 USA 96.85 -18.6 -9.1 682 10.4 -1.5 3,687 -10.0 4.3 14.2 19.3 10.8 -96.1 26.3 29.1 769 -18.7 0.9 5.2

42 Spansion 421 USA 95.10 -68.4 -26.8 983 -38.2 -18.2 3,400 -60.9 -28.9 9.7 18.9 -35.2 -99.8 28.0 34.6 650 3,956.5 2.1 18.9

43 Atheros Communications 427 USA 91.02 7.4 22.5 378 14.8 21.6 1,302 20.7 25.4 24.1 25.7 3.7 2.2 69.9 78.5 1,267 20.8 0.7 1.6

44 Sunplus Technology 440 Taiwan 87.23 -13.6 2.7 389 10.3 -13.4 22.4 28.6 2.6 -4.2 321 36.0 0.7 1.7

45 Realtek Semiconductor 442 Taiwan 86.76 -32.9 19.7 442 20.8 17.2 19.6 35.3 11.3 2.6 770 4.7 5.1 6.9

46 Skyworks Solutions 446 USA 86.42 -15.1 -8.9 559 -6.7 1.2 3,300 0.0 -6.2 15.4 17.0 9.2 11.2 26.2 30.8 2,123 59.6 4.9 7.5

47 Microchip Technology 453 USA 84.21 4.6 2.0 661 4.9 -3.0 5,418 10.7 5.7 12.7 12.8 26.8 25.3 15.5 16.4 3,728 8.2 5.0 11.3

48 Advanced Semiconductor Engineering 482 Taiwan 78.71 -6.8 11.1 1,869 -9.2 -5.1 29,538 9.5 3.1 4.2 4.1 11.3 11.8 2.7 3.1 3,181 13.7 13.3 19.7

49 Zoran 493 USA 76.80 -2.1 3.6 265 -13.3 -8.5 1,243 -11.9 -2.7 29.0 25.7 -9.7 -49.5 61.8 55.6 290 -30.0 1.0 1.3

50 TriQuint Semiconductor 495 USA 76.28 19.6 29.6 456 14.1 17.6 2,393 4.2 10.4 16.7 16.0 2.6 -2.8 31.9 27.8 749 2.9 7.4 15.3

51 Nanya Technology 498 Taiwan 74.93 -46.2 -18.4 930 16.0 -17.0 8.1 17.4 -46.4 -95.5 1,801 86.0 35.4 33.8

52 Silicon Laboratories 505 USA 72.76 3.2 -5.0 307 6.1 -1.7 736 1.2 -0.3 23.7 24.3 15.1 10.4 98.9 97.0 1,226 -6.9 2.0 3.0

53 Winbond Electronics 524 Taiwan 69.77 -10.3 -12.1 582 4.1 -9.0 12.0 13.9 -22.2 -30.0 712 35.1 16.0 55.4

54 Fairchild Semiconductor 526 USA 69.49 -11.7 -2.5 828 -24.6 -10.4 8,563 -12.4 -2.9 8.4 7.2 -3.8 -9.3 8.1 8.1 698 -11.3 5.0 10.7

55 International Rectifier 539 USA 68.45 -7.2 -4.1 516 -24.8 -14.2 3,939 -22.8 -14.5 13.3 10.7 -35.1 -13.8 17.4 14.5 898 6.0 2.8 4.2

56 Infinera 543 USA 67.73 20.8 35.6 215 -40.5 74.4 974 3.9 31.4 15.5 -28.9 14.1 69.5 59.8 562 10.1 5.0 4.4

57 Powerchip Semiconductor (now Powerchip Technology) 546 Taiwan 67.35 -6.0 6.6 782 -34.4 -27.0 8.6 6.0 -55.6 -96.0 928 57.0 16.5 37.0

58 Verigy 566 Singapore 64.12 -10.7 225 -53.3 1,500 -9.1 28.5 14.9 -39.3 2.6 42.7 43.5 339 -33.1 2.5 1.7

59 Disco 568 Japan 63.88 2.4 10.3 398 -42.0 -8.3 2,438 7.9 12.3 16.1 9.1 1.5 21.3 26.2 27.6 1,387 0.6 25.8 10.3

60 VIA Technologies 571 Taiwan 63.60 121 -32.4 -36.8 52.6 0.0 -52.1 -49.2 604

61 Taiyo Yuden 572 Japan 63.37 -4.8 6.1 1,388 -22.2 -0.2 17,478 -13.1 -3.8 4.6 3.7 -11.4 8.1 3.6 3.3 947 -12.2 14.6 18.7

62 Macronix International 589 Taiwan 61.63 -12.4 -1.8 585 9.5 5.6 10.5 13.2 22.0 14.8 1,393 26.2 4.5 7.6

63 Applied Micro Circuits 590 USA 61.40 4.0 -3.0 143 -4.0 -11.1 562 2.0 -3.2 42.8 39.5 -15.4 -127.9 109.2 107.1 506 39.6 3.7 3.4

64 Sumco 622 Japan 57.21 -22.8 3.4 1,634 -44.3 -11.9 3.5 2.5 -57.8 10.1 7.7 3,234 -7.9 34.6 37.5

65 Varian Semiconductor Equipment 631 USA 55.80 -28.0 -4.0 252 -56.6 -20.9 1,243 -19.5 -7.8 22.1 13.3 -11.8 18.3 44.9 50.2 1,341 -13.3 2.0 1.1

66 Standard Microsystems 648 USA 54.15 4.8 5.3 215 -5.4 -6.0 916 -3.2 2.3 25.2 22.8 -4.5 -17.8 59.1 54.6 307 -14.7 2.8 5.5

67 OmniVision Technologies 652 USA 53.88 -8.9 4.6 420 18.9 4.5 1,450 9.2 -11.1 12.8 16.7 1.8 -7.5 37.2 44.5 841 85.4 2.2 6.4

68 Opnext 672 USA 51.68 37.2 27.7 222 0.2 12.7 554 -11.6 10.8 23.2 17.0 -24.2 -41.4 93.3 60.1 98 -28.2 2.5 1.3

69 Netlogic Microsystems 679 USA 51.32 42.7 26.3 122 24.8 21.7 550 115.7 47.9 42.1 36.9 -28.4 0.0 93.3 141.0 1,062 72.4 0.7 1.0

70 Himax Technologies 697 Cayman Islands 49.74 -18.5 235.1 483 -16.9 209.8 1,229 1.2 10.0 10.3 10.5 6.3 7.3 40.5 50.3 302 -34.9 1.5 2.1

71 Cree 697 USA 49.74 21.3 9.2 395 15.0 10.3 3,172 0.1 32.5 12.6 11.9 5.4 2.5 15.7 12.9 4,252 98.8 9.7 11.3

72 LTX-Credence 704 USA 49.60 54.6 9.8 96 1.1 -14.1 608 30.5 13.3 51.8 33.9 -100.6 -3.5 81.6 68.8 220 203.8 6.5 5.5

73 Silicon Image 719 USA 47.55 -19.6 2.4 105 -45.1 -20.1 526 -13.8 6.0 45.3 30.9 -77.8 -2.4 90.4 96.9 206 45.8 2.7 2.6

74 FEI 726 USA 47.18 -3.8 5.6 402 -3.6 6.0 1,766 -3.5 2.8 11.7 11.7 5.2 4.4 26.7 26.8 494 -16.9 2.3 2.3

75 Rambus 734 USA 46.87 -11.8 -0.8 79 -20.7 -16.7 350 6.1 -5.5 59.5 53.5 -67.1 -62.3 133.9 161.0 1,461 2.4 6.9

76 Tessera Technologies 743 USA 45.92 7.0 54.6 209 20.6 12.8 416 -0.2 15.4 22.0 24.8 41.1 7.7 110.4 103.0 549 -40.5 5.1 5.7

77 Cymer 745 USA 45.87 -31.8 -3.8 214 -33.0 -17.3 816 -17.9 -5.8 21.4 21.0 5.8 13.1 56.2 67.6 629 -11.4 4.0 5.2

78 Tokyo Seimitsu 748 Japan 45.61 -20.5 -8.4 342 -50.2 -21.0 1,221 -7.4 1.5 13.3 8.3 -20.2 11.0 37.4 43.5 360 -12.4 6.3 5.5

79 Interdigital 759 USA 44.61 -36.8 -0.7 207 30.2 -14.8 299 -21.1 -4.2 21.5 44.3 38.3 16.0 149.2 186.2 795 -14.3 1.4 2.5

80 Actel 799 USA 42.32 -7.5 2.2 133 -12.7 -0.2 31.9 30.1 -12.9 -1.5 83.2 247 19.2 3.0 9.8

81 FormFactor 817 USA 40.08 -12.2 7.3 94 -35.6 -28.4 808 -14.0 -4.8 42.5 31.2 -108.4 -66.0 49.6 48.6 302 -59.8 14.0 14.4

82 DSP 833 USA 39.13 -24.0 5.7 148 -30.6 -0.7 409 -8.3 8.6 26.5 24.2 -10.8 -67.6 95.7 115.4 106 -24.0 2.1 2.7

83 Lattice Semiconductor 834 USA 39.12 -18.2 -11.9 136 -12.5 -7.5 708 -6.0 -9.7 28.9 30.9 -3.9 -18.4 55.3 63.5 356 95.0 3.6 4.6

84 MKS Instruments 854 USA 37.32 -31.8 -8.4 287 -36.4 -19.3 2,178 -17.2 -9.7 13.0 12.1 -58.5 5.4 17.1 20.8 654 2.3 1.0 2.1

85 Kulicke & Soffa 855 USA 37.28 -10.7 12.4 157 -70.0 -32.7 2,132 -14.6 -4.6 23.7 8.0 -22.6 0.1 17.5 16.7 279 5.8 2.3 1.0

86 Trident Microsystems 859 USA 36.95 0.8 16.2 53 -70.6 -23.8 690 10.6 18.3 70.0 20.4 -77.5 4.8 53.5 58.8 188 154.7 4.2 2.4

87 Sigma Designs 863 USA 36.69 20.9 32.7 144 -1.5 31.2 499 53.1 40.5 25.5 20.8 1.8 12.2 73.5 93.1 212 -29.5 3.6 7.5


No Company Rank Country €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % % of Net Sales % of Net Sales88 Micronas Semiconductor 872 Switzerland 35.82 -56.6 -33.0 163 -59.6 -33.3 1,235 -34.3 -17.6 22.0 20.5 -74.3 -8.4 29.0 43.9 106 24.6 5.2 3.0

89 Conexant Systems 874 USA 35.79 -59.0 -42.5 145 -58.5 -40.1 605 -52.7 -42.1 24.6 24.9 -10.2 -56.5 59.2 68.2 94 10.7 0.3 1.2

90 Mindspeed Technologies 888 USA 35.30 -9.9 -7.6 88 -21.2 -2.4 486 0.4 -1.7 40.0 35.0 -15.6 6.4 72.6 81.0 141 250.0 6.4 4.7

91 Shinko Electric Industries 898 Japan 34.82 5.8 10.2 1,052 -34.6 -3.8 4,848 -1.9 -0.7 3.3 2.0 -6.9 9.4 7.2 6.7 1,073 -35.2

92 Cirrus Logic 900 USA 34.71 12.4 4.2 154 26.5 6.6 505 5.4 3.5 22.5 25.4 11.5 1.9 68.7 64.5 882 291.6 1.7 1.8

93 ProMOS Technologies 910 Taiwan 33.91 -49.0 -14.0 220 -67.2 -44.8 15.4 9.9 -242.4 -104.1 9.8 268 25.4 14.3 44.7

94 EXAR 911 USA 33.81 52.4 23.4 94 17.2 25.3 572 55.4 34.7 36.0 27.6 -25.4 -71.2 59.1 60.3 193 4.3 2.0

95 Cabot Microelectronics 917 USA 33.56 -2.0 0.1 203 -22.3 -3.2 882 7.8 5.9 16.5 13.1 5.5 13.3 38.0 41.9 507 -4.7 2.9 5.1

96 Micrel 931 USA 32.42 -15.3 -3.7 153 -15.6 -7.5 755 -11.4 -6.8 21.3 21.2 11.0 15.6 42.9 44.9 399 17.0 5.5 4.3

97 Anadigics 939 USA 32.04 -15.6 8.9 98 -45.6 -6.1 564 -14.2 3.5 32.7 21.1 -40.3 -17.3 56.8 57.8 169 2.5 7.4 21.1

98 Vitesse Semiconductor 940 USA 31.84 -8.6 -11.7 117 -27.3 -8.6 476 -5.2 -2.5 27.2 21.6 -106.3 4.0 66.9 69.4 46 8.2 1.4 2.1

99 Entropic Communications 945 USA 31.48 -19.0 57.3 81 -20.4 41.0 262 -11.8 38.8 38.2 -11.6 -93.6 120.1 130.9 357 129.6 1.8 5.1

100 Semtech 948 USA 31.26 8.3 2.8 200 -2.8 4.3 915 10.6 9.9 15.7 14.0 11.0 14.1 34.2 34.9 699 -4.8 3.0 3.1

101 Amkor Technology 954 USA 30.98 -20.9 4.7 1,519 -18.0 -7.2 18,200 -11.2 -7.1 2.0 2.1 10.5 -15.7 1.7 1.9 691 -5.1 8.0 14.5

102 Stats ChipPAC 970 Singapore 30.22 14.6 12.5 924 -20.1 -6.4 3.3 2.3 3.8 4.5 1,432 10.6 16.8

103 Silicon Storage Technology (now part of Microchip Technology) 972 USA 30.08 -26.8 -6.6 176 -20.0 -17.7 571 -7.0 -3.4 17.1 18.7 -3.7 -15.4 52.7 66.9 0.4 2.6

104 Zarlink Semiconductor 975 Canada 29.95 -6.6 9.5 153 -3.1 15.6 584 -3.6 -4.8 19.5 20.2 8.7 -20.4 51.3 52.9 162 197.4 1.0 1.6

105 Cavium Networks 977 USA 29.75 57.0 31.8 71 16.9 43.6 467 34.6 42.2 31.4 -21.1 0.4 63.7 54.6 739 3.4 10.4

106 Mellanox Technologies 985 Israel 29.44 6.9 40.4 81 7.7 33.7 329 8.6 22.3 36.4 36.7 16.0 19.9 89.5 90.9 345 7.1 3.2 4.2

107 Microsemi 998 USA 28.88 -7.9 27.5 316 -11.9 6.9 2,200 -4.3 2.4 9.1 8.8 -2.2 12.3 13.1 13.6 864 12.0 2.8 4.9

14,192.62 -2.9 4.2 115,025 -7.0 1.0 481,244 -2.9 4.9 12.3 11.8 11.3 8.6 28.3 31.6 226,334 -5.2 3.9 4.9

Telecommunications equipment (9578) number of companies for calculation 48 48 45 48 48 45 45 44 39 48 48 48 48 45 45 43 41 46 45

1 Cisco Systems 14 USA 3,629.70 1.1 8.6 25,172 -8.7 8.2 65,550 -0.9 9.5 14.4 13.0 19.9 23.9 55.4 54.3 85,021 -0.8 2.8 3.2

2 Motorola 29 USA 2,218.38 -22.5 -8.1 15,377 -26.8 -20.4 53,000 -17.2 -7.1 14.4 13.6 -0.2 -9.2 41.9 44.7 12,427 7.0 1.2 1.7

3 Qualcomm 36 USA 1,700.55 7.0 16.6 7,259 -6.5 11.4 16,100 4.5 12.9 23.4 20.5 21.2 33.5 105.6 103.2 42,456 -20.6 7.3 12.5

4 Huawei Technologies 45 China 1,334.01 27.8 15,217 19.0 95,000 8.8 8.2 13.8 12.6 14.0

5 Research In Motion 80 Canada 672.44 40.9 59.9 10,422 35.1 70.1 13,873 15.6 30.4 6.5 6.2 21.7 24.6 48.5 39.8 20,192 -30.2 6.8 7.5

6 ZTE 90 China 624.56 45.6 29.3 6,153 36.1 37.8 70,345 14.7 21.5 10.2 9.5 6.4 7.6 8.9 7.0 6,339 0.5 2.4 1.8

7 Nortel Networks 105 Canada 527.59 -51.9 -26.9 3,800 -47.7 -21.8 13.9 15.1 10.9 -21.3 36.5 4 -87.8 0.7 1.5

8 Juniper Networks 110 USA 516.93 1.4 15.6 2,311 -7.2 12.9 7,231 3.1 14.4 22.4 20.5 9.4 19.4 71.5 72.7 9,288 3.3 4.6 4.6

9 Corning 161 USA 324.08 -8.8 4.4 3,760 -9.3 1.4 23,500 -13.0 -1.4 8.6 8.6 38.0 27.3 13.8 13.2 18,361 6.8 16.5 32.3

10 Brocade Communications 207 USA 247.28 38.8 29.1 1,361 33.1 37.5 4,070 43.6 41.4 18.2 17.4 1.1 1.2 60.8 62.9 1,520 -32.5 8.3 9.8

11 Tellabs 251 USA 187.27 -12.0 -9.0 1,063 -11.8 -9.2 3,295 2.1 -3.9 17.6 17.7 6.2 -57.1 56.8 65.9 1,813 -1.0 3.0 2.9

12 Harris 273 USA 169.71 -11.5 9.0 3,903 5.4 17.2 15,400 -6.7 3.5 4.3 5.2 3.5 12.9 11.0 11.6 3,965 28.7 1.8 2.1

13 Ciena 314 USA 132.64 8.7 19.7 455 -27.7 5.0 2,163 -1.8 13.4 29.2 19.4 -89.6 2.4 61.3 55.4 791 -0.5 3.7 3.3

14 OKI Electric 333 Japan 125.96 -7.7 -5.0 4,085 -24.2 -7.1 17,415 -23.1 -6.3 3.1 2.5 -5.6 0.5 7.2 6.0 385 -25.9 3.2 3.5

15 3Com (now part of Hewlett-Packard) 335 USA 125.44 -12.9 20.9 918 1.7 18.3 5,868 -3.9 1.7 13.7 16.0 11.4 -16.6 21.4 23.6 1.3 1.4

16 JDS Uniphase 353 USA 118.55 -9.6 3.0 902 -15.4 2.4 4,000 -43.7 -17.4 13.1 12.3 -71.5 -5.1 29.6 18.5 1,576 78.5 4.2 3.4

17 QLogic 419 USA 95.36 2.7 0.4 383 -13.4 -2.2 1,038 0.7 2.2 24.9 21.0 18.5 26.9 91.9 90.1 1,126 -5.2 4.5 4.8

18 Arris 441 USA 86.81 10.7 23.6 772 -3.2 7.5 1,884 2.5 34.1 11.2 9.8 13.5 -10.2 46.1 42.7 781 -32.7 1.7 1.9

19 Polycom 464 USA 81.94 -13.1 0.9 674 -9.6 12.3 2,693 1.7 16.0 12.2 12.7 7.2 8.6 30.4 35.6 1,597 18.5 3.9 4.4

20 F5 Networks 508 USA 72.25 -1.4 28.2 455 0.4 18.3 1,646 -2.8 15.5 15.9 16.2 18.7 15.5 43.9 43.2 4,704 136.5 1.8 4.3

21 Tekelec 522 USA 69.93 -0.3 -12.2 327 1.9 -7.3 1,101 1.5 -7.9 21.4 21.8 14.9 13.8 63.5 64.6 535 -30.6 4.0 4.3

22 Finisar 554 USA 66.05 2.9 13.7 444 17.6 15.0 6,893 37.7 20.8 14.9 17.0 1.7 -47.4 9.6 12.8 749 254.8 4.9 4.4

23 ADTRAN 615 USA 58.05 1.8 5.6 337 -3.3 0.8 1,624 -1.2 0.5 17.2 16.3 21.6 22.9 35.7 34.7 1,293 27.9 1.8 1.9

24 Sierra Wireless 621 Canada 57.25 70.1 34.1 367 -7.2 33.5 947 74.7 15.6 8.5 -7.2 7.9 60.4 62.1 184 8.2 2.5 3.5

25 Aastra Technologies 645 Canada 54.39 -16.5 11.1 554 0.1 11.0 2,150 -2.3 10.4 9.8 11.8 7.1 2.1 25.3 29.6 213 16.0 1.4 2.3

26 Eltek 659 Norway 52.98 38.3 35.7 697 -3.0 22.8 3,393 0.7 29.2 7.6 5.3 -0.2 -10.3 15.6 11.4 118 -27.5 1.0 2.5

27 Riverbed Technology 671 USA 51.90 19.8 53.7 275 18.2 63.5 1,013 18.2 46.1 18.9 18.6 2.6 -1.4 51.2 50.5 1,699 72.9 2.3 3.7

28 Airvana (now part of 72 Mobile Holdings LLC) 678 USA 51.35 -1.5 10.2 45 -53.3 -27.6 600 8.1 114.1 54.2 -80.0 20.2 85.6 94.0 5.9 1.3

29 ADC Telecommunications 701 USA 49.65 -14.7 -0.5 772 -25.8 -5.6 9,050 -14.6 1.7 6.4 5.6 -43.0 4.3 5.5 5.5 852 39.8 3.2 2.8

30 Tandberg (now part of Cisco Systems, USA) 730 Norway 47.04 33.4 33.8 564 28.3 32.8 1,451 34.2 28.9 8.3 8.0 21.8 23.2 32.4 32.6 1.9 2.5

31 UTStarcom 770 USA 44.08 -55.9 -29.9 269 -76.4 -46.0 2,400 -45.5 -26.3 16.4 8.7 -57.8 -10.4 18.4 22.7 185 22.7 0.5 0.9

32 Harmonic 788 USA 42.82 12.8 15.9 223 -12.4 8.9 840 20.3 9.5 19.2 14.9 -4.0 10.3 51.0 54.4 415 -5.2 2.5 2.3

33 Sonus Networks 802 USA 41.72 -17.1 2.6 159 -27.6 -6.6 879 -11.3 1.1 26.3 23.0 -4.3 -16.5 47.5 50.8 579 63.3 2.9 3.1

34 Extreme Networks 813 USA 40.55 -9.6 -2.1 234 -7.3 -2.2 786 -8.7 -2.5 17.3 17.8 0.3 0.4 51.6 52.1 167 1.3 2.0 2.1

35 VTech 827 Hong Kong 39.59 -0.2 7.9 1,068 5.8 1.5 27,100 -4.2 -1.3 3.7 3.9 14.6 12.6 1.5 1.4 1,813 34.8 1.7 1.9

36 Plantronics 856 USA 37.17 -26.0 -9.5 437 -18.2 -7.8 3,200 -11.1 -18.9 8.5 9.4 9.9 -10.6 11.6 14.0 918 5.9 0.9 3.1

37 Starent Networks (now part of Cisco Systems) 871 USA 35.93 32.6 41.7 177 74.3 62.1 774 26.9 20.3 26.7 20.5 4.7 46.4 44.4 8.2 11.4

38 Alvarion 885 Israel 35.40 -14.9 9.4 171 -12.8 10.5 877 -10.1 -2.3 20.7 21.2 -5.2 -7.1 40.4 42.6 79 -52.5 2.9 3.8

39 Sycamore Networks 894 USA 34.94 5.8 16.9 47 -41.7 -8.3 405 -17.7 18.1 74.4 41.0 -106.6 -33.2 86.3 67.1 443 -27.7 6.5 10.3

40 Comtech Telecommunications 896 USA 34.85 23.6 24.6 409 10.3 14.4 1,607 19.0 9.4 8.5 7.6 13.1 20.1 21.7 20.9 427 -34.7 2.3 2.6

41 Ikanos Communications 900 USA 34.71 15.2 -2.5 91 22.7 -1.0 588 102.8 28.2 38.1 40.6 -28.8 -40.4 59.0 103.9 41 7.3 0.8 1.5

42 Alpha Networks 927 Taiwan 32.67 5.6 377 -28.8 8.7 5.8 5.4 5.4 251

43 BigBand Networks 932 USA 32.36 -14.1 7.7 97 -24.7 -7.6 484 -0.2 33.3 29.2 -7.4 2.8 66.9 77.7 128 -29.3 3.3 6.0

44 ZyXEL Communications 935 Taiwan 32.32 -2.0 15.5 251 -23.6 -9.4 12.9 10.0 -0.9 2.5 219 -2.5 1.2

45 Ascom 944 Switzerland 31.69 37.4 14.4 362 -1.0 -7.1 2,162 18.6 1.3 8.7 6.3 5.4 8.1 14.7 12.6 239 -23.3 1.2 1.2

46 Novatel Wireless 946 USA 31.29 29.2 14.6 235 5.1 15.7 352 14.7 14.4 13.3 10.8 1.0 -2.1 88.9 78.9 127 1.7 2.7

47 EchoStar 961 USA 30.67 9.3 1,327 -11.5 2,400 14.3 2.3 1.9 16.1 -30.2 12.8 13.4 1,098 118.3 11.2 10.7

48 TravelSky Technology 976 China 29.83 -1.2 7.7 267 30.6 16.5 4,097 39.4 19.7 11.2 14.7 31.3 27.2 7.3 10.3 1,216 27.5 8.1 7.5

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