Austria’s top companies dominate the energy, industrial goods, construction, insurance, banking, financial services, and industrial machinery sectors. With a combined revenue of $38 billion, these companies play a crucial role in Austria’s economy. From multinational oil and gas giants like OMV to construction powerhouses like Strabag, these companies showcase Austria’s diverse and thriving business landscape.
1. OMV
Industry: energy
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $62,500 Millions
Stock symbol: OMV.F
OMV is a multinational oil and gas company headquartered in Vienna, Austria, founded in 1956. It operates in over 30 countries, including Austria, Germany, Romania, and Turkey. The company’s main activities include exploration, production, refining, and marketing of oil and gas. OMV offers a wide range of products and services, including gasoline, diesel, lubricants, and petrochemicals. It also owns several well-known brands such as OMV, Petrom, and Avanti. In 2024, OMV further expanded its renewable energy portfolio, investing significantly in hydrogen and sustainable fuels.
2. Voestalpine
Industry: industrial goods
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $18,900 Millions
Stock symbol: VAS.F
Voestalpine is headquartered in Linz, Austria, and was founded in 1938. It operates in over 50 countries worldwide. The company is primarily engaged in the production and processing of steel and other metal products. It offers a wide range of products and services, including special steel, automotive components, railway systems, and energy solutions. Voestalpine is known for its high-quality products and is recognized under various brands such as voestalpine, Böhler, and Polynorm. In 2024, Voestalpine continued to invest in decarbonization technologies and digital manufacturing processes.
3. Strabag
Industry: construction
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $18,530 Millions
Stock symbol: XD4.F
Strabag is a construction company headquartered in Vienna, Austria, founded in 1835. It operates in numerous countries, with a presence in over 70 countries worldwide. Strabag specializes in various construction activities, including building construction, civil engineering, and transportation infrastructure. The company offers a wide range of products and services, such as project development, design and planning, construction management, and facility management. While Strabag is primarily known for its construction expertise, it does not have any specific brands associated with its operations. In 2024, Strabag increased its focus on sustainable construction and large-scale infrastructure projects in Central Europe.
4. Vienna Insurance Group
Industry: insurance
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $12,600 Millions
Stock symbol: WSV2.F
Vienna Insurance Group Home Page
Vienna Insurance Group is headquartered in Vienna, Austria and was founded in 1824. It operates in 30 countries, making it one of the largest insurance groups in Central and Eastern Europe. The company’s main activities include providing insurance products and services such as life, health, property, and casualty insurance. Vienna Insurance Group also offers various brands to cater to different customer needs and preferences. In 2024, the company expanded its digital insurance offerings and strengthened its presence in Southeastern Europe.
5. Verbund AG
Industry: energy
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $10,900 Millions
Stock symbol: OEWA.F
Verbund AG is headquartered in Vienna, Austria and was founded in 1947. It operates in Austria and several other countries, including Germany, Italy, and Hungary. The company is primarily engaged in the generation, transmission, and distribution of electricity. It also offers energy-related services and operates under various brands such as Verbund Trading and Verbund Hydro Power. In 2024, Verbund AG accelerated its investments in renewable energy, particularly hydropower and wind projects.
6. Raiffeisen Bank International
Industry: banking
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $8,950 Millions
Stock symbol: RAW.F
Raiffeisen Bank International Home Page
Raiffeisen Bank International is headquartered in Vienna, Austria, and was founded in 2010. It operates in 13 countries, including Austria, Russia, and Romania. The bank’s main activities include retail banking, corporate banking, and leasing services. It offers a wide range of products and services, including loans, savings accounts, investment solutions, and insurance. Raiffeisen Bank International is known for its strong brand presence and customer-centric approach. In 2024, the bank continued to enhance its digital banking services and expanded its ESG (Environmental, Social, Governance) product portfolio.
7. Erste Group Bank
Industry: financial services
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $8,910 Millions
Stock symbol: EBO.F
Erste Group Bank is headquartered in Vienna, Austria and was founded in 1819. It operates in several countries, including Austria, Czech Republic, Slovakia, Hungary, Croatia, and Romania. The bank’s main activities include retail and corporate banking, asset management, and investment banking. It offers a wide range of products and services such as loans, mortgages, savings accounts, insurance, and investment solutions. Erste Group Bank is known for its brands such as Erste Bank, Sparkasse, and Ceska sporitelna. In 2024, Erste Group further invested in fintech solutions and digital customer platforms.
8. Andritz
Industry: industrial machinery
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $7,800 Millions
Stock symbol: AZ2.F
Andritz is headquartered in Graz, Austria, and was founded in 1852. It operates in over 40 countries worldwide, making it a truly global company. The company specializes in providing innovative technologies and solutions for various industries such as pulp and paper, power generation, and metalworking. Some of its notable products and services include machinery and systems for the production of paper, steel, and hydroelectric power. Andritz is also known for its well-established brands such as ANDRITZ Hydro and ANDRITZ Pulp & Paper. In 2024, Andritz increased its focus on automation and digitalization in industrial processes.
9. Uniqa Insurance Group
Industry: insurance
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $6,700 Millions
Stock symbol: UN9.F
‘Uniqa Insurance Group’ Home Page
Uniqa Insurance Group is headquartered in Vienna, Austria, and was founded in 1811. It operates in 18 countries, including Austria, Germany, and Switzerland. The company’s main activities revolve around providing insurance products and services, such as life, health, property, and casualty insurance. Uniqa Insurance Group also offers financial services and has established itself as a trusted brand in the insurance industry. In 2024, Uniqa expanded its digital health insurance offerings and strengthened its sustainability initiatives.
10. PORR
Industry: construction
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $6,250 Millions
Stock symbol: ABS2.F
PORR is a construction company headquartered in Vienna, Austria, founded in 1869. It operates in multiple countries, with a presence in over 15 countries worldwide. PORR specializes in various construction activities, including building construction, civil engineering, and infrastructure projects. They offer a wide range of products and services, such as residential and commercial buildings, transportation infrastructure, and energy projects. Although not known for specific brands, PORR is recognized for its expertise and quality in the construction industry. In 2024, PORR focused on green building solutions and digital construction management.
The combined revenue of Austria’s top 10 companies amounts to $161.04 Billion
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