The magnificent 800
In L’Economia del Corriere della Sera, an article dedicated to the 800 Champions companies, including Coral.
They might be small: 39,628 billion (turnover) divided by 800 (companies) makes an average size of 49,535 million. Well, actually, it’s not so little. In a year, between 2018 and 2019 (the latest full financial statements available at the end of the L’EconomiaItalyPost research), the average has not changed.
Meanwhile, it’s almost twice the 24 million dated 2012. Above all, this “hides” a fact: compared to the previous twelve months, the 800 Champions of the 20-120 million revenue range all taken together still grew by almost 9% (the total turnover in 2018 was 36.4 billion). In a period in which GDP had remained substantially stationary, with an asphyxiated +0.3% which had marked the lowest growth point since 2014, the overperformance of Top companies is as clear as it had been in the past compared to the country scenario.
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