MILAN--(BUSINESS WIRE)--Rome, Milan and Turin are confirmed as the three most valuable cities in terms of market capitalization in Italy in 2015. These are the results of Simon-Kucher & Partners’ recent Italian stock market ranking, for which the consultancy analyzed the market capitalization of all companies included in the FTSE MIB Index. Covering almost half of the total capitalization of the listed firms (42 percent), Rome leads the ranking. “Once more it is thanks to the headquarters of several important Italian firms’ such as Eni, Enel and Unicredit that Rome is still firmly in first position,” comments Danilo Zatta, Partner at Simon-Kucher. Milan reduces the gap and follows in second place, six percentage points ahead of Turin.
Growth slowing down
After the good results in 2014, this year the growth rate of the leading three cities slowed down to nine percent compared to 27 percent in 2014. Similarly, Trieste (with Generali) and San Donato Milanese (Saipem and Snam rete Gas) have also experienced slower growth.
Although the top five positions remain unchanged (Trieste and San Donato Milanese still in fourth and fifth position), the lower part of the ranking experienced interesting changes. Bologna has entered the ranking in sixth place thanks to Unipolsai’s positive results; Florence dropped to eleventh. Modena, hosting Banca Popolare Emilia Romagna, climbed two positions and is now ranked thirteenth. Finally, Genoa reentered the city ranking thanks to Ansaldo which was included again in the FTSE MIB (1.9 billion euros market capitalization).
Small cities with international footprint
They may not be among the top ten, but there are several small cities that are home to companies listed in the FTSE MIB Index. Companies such as Campari (Sesto S. Giovanni), Mediolanum (Basiglio) or Tod’s (S. Elpidio a Mare) are firms with long histories and strong ties to the region. “Not only large cities are capable of reaching leading positions in the ranking,” comments Zatta. Tod’s, for example, developed in the footwear cluster of the Fermo and Macera districts, is now an important entity listed in the Italian stock exchange representing “Made in Italy” all over the world.
