A study of the most profitable multinationals in 2020 shows that the likes of Red Bull and Coca-Cola are on track to surpass their 2016 highs.
Source: The Irish IndependentThe study by the research firm Frost & Becker, which examined corporate profits, shows that, since the end of the Great Recession in 2009, the world’s largest companies have enjoyed an average annual rise of almost 11%.
It also found that the share of profits going to employees is on track for a sixth year running.
The study also found the pace of growth of multinationals is “stronger than in previous years” with the United States and Europe the biggest growth drivers.
It says that in 2020, multinationals made up nearly half of all profits made in the world.
This year, it said that the number of global companies with profit-sharing agreements reached a record high of $11.9 trillion, up from $8.7 trillion in 2019.
This includes the UK, France, Germany, Italy, Australia, Canada and Japan.
The report said that, at the same time, companies in the US, Europe and China were on course to record their best annual growth in over 20 years.
Becker said that in the period to 2020, the top four global companies were Red Bull, General Motors, Starbucks, Amazon and Amazon.com.