List of the 5 largest companies in Hamburg
The Free and Hanseatic City of Hamburg is considered Germany’s gateway to the world. It has the highest GDP per capita of all German states and is an outstanding business location – not only in logistics and maritime transport. This is also shown by our list of the TOP 5.
1. EDEKA Group
EDEKA is a heavyweight in German food retailing and a mix of corporate group and cooperative organization. The Hamburg-based Edeka Zentrale Stiftung & Co. KG, based in Hamburg, acts as a holding company for the group of companies and bundles important shareholdings. It holds half of the shares in each of the EDEKA regional companies and owns, among other things, the Netto Marken-Discount grocery chain and Edekabank. The group includes around 3,600 independent EDEKA retailers with almost 5,700 stores, which generate over half of EDEKA’s sales.
2. Otto (GmbH & Co KG)
Otto is still known as Otto Versand. The focus has long since shifted from classic mail order to e-commerce offerings. Otto’s core business is the retail of all kinds of goods “at a distance”. To this end, the company operates over 100 online stores and is one of the largest online retailers worldwide. One focus is on fashion and lifestyle products. ECommerce trading accounts for around three quarters of revenues. Otto was founded in 1949 by Werner Otto and is still a family business.
3. Airbus Operations GmbH
Hamburg and its environs have Germany’s most important locations for aircraft construction – closely associated with the name Airbus. Hamburg-based Airbus Operations GmbH is part of the Airbus Commercial Aircraft division and a subsidiary of Airbus Operations S.A.S. Within the Airbus Group, Airbus Operations GmbH bundles the production and development activities located in Germany. The largest site is the aircraft plant in Hamburg-Finkenwerder with over 12,000 employees. Other sites are located in Buxtehude and Stade.
4. Aurubis AG
Aurubis, which today employs a good 7,000 people, has its origins in the Hamburg company “Beit, Marcus und Salomon, Gold- und Silberscheider”, which was founded in the 18th century. There have been many name changes and restructurings in the course of takeovers over the years. Until 2009, the company operated as Norddeutsche Affinerie AG, and after the takeover of the Belgian copper producer Cumerio, as Aurubis. Aurubis’ core business is copper refining for cathodes from copper scrap, copper concentrates and recycling materials, as well as subsequent processing.
Update 2023: At year-end 2022, the company announced that a EUR 520 million investment package will be launched to accelerate the company’s growth and sustainability. Concrete measures relate, for example, to the faster implementation of a recycling system at the site in Richmond (Georgia) in the USA and the expansion of the photovoltaic plant for own use in Pirdop, Bulgaria.
Update 2024: The 2022/2023 financial year ended on September 30, 2023 with a good full-year result. A similarly good result with an operating EBT of between EUR 380 million and EUR 480 million is expected for the 2023/2024 financial year.
5. Tchibo GmbH
Tchibo is almost automatically associated with coffee. In fact, the business started in 1949 as a mail-order coffee company, later entering the stationary trade and expanding its product range. Today, with more than 11,000 employees, Tchibo is one of Germany’s largest consumer goods and retail traders – with around 900 stores, sales areas in shopping centers and supermarkets, and strong online business. Tchibo is wholly owned by Maxingvest AG (formerly: Tchibo Holding AG), which is backed by the Herz family of entrepreneurs.
Picture source: Lukas Menzel via Unsplash (12.07.2023)
This information is included in the list
- Company name
- General contact data (address, e-mail address, telephone number, URL)
- Name of the management
- Serial letter suitable for addressing the management (e.g. “Dear Dr. Müller”)
- Sales figures for the years 2021, 2020, 2019, 2018, 2017, 2016 and 2015 (taken from the annual and consolidated financial statements)
- Employee figures for the years 2021, 2020, 2019 and 2018 (taken from the annual and consolidated financial statements)
- Sector classification & Field of activity
Note: If the sales and employee figures are not included in a company’s own financial statements but in the parent company’s consolidated financial statements, the data from the respective consolidated financial statements are provided.
The economy of Hamburg: Statistics and facts
The Hanseatic City of Hamburg is an economic powerhouse and has one of the world’s leading seaports. The proximity of the port has always offered favorable conditions for industrial settlements and trading companies. This is still reflected in the economic structure today. Hamburg has the highest gross domestic product per capita of all the federal states and, with an economic output of a good 123 billion euros (2019), is still ranked 9th in the country ranking.
The Hamburg Chamber of Commerce, founded in 1665, has over 160,000 companies as members. Transport, traffic and logistics naturally play a major role. Many companies use the Elbe metropolis for handling, distribution and storage of their goods. Logistics and transport account for around 10 percent of Hamburg’s economic output. Some 290,000 jobs depend directly or indirectly on them. The Port of Hamburg is the number 3 in Europe (after Antwerp and Rotterdam), with cargo handling amounting to over 136 million tonnes in 2019.
Services account for around half of Hamburg’s economic output. After Munich and Cologne, the city is Germany’s third largest insurance location and an important banking center. The city has always been a media center. With Gruner + Jahr and the Bauer publishing group, two publishing heavyweights are present on the Elbe. Otto-Versand, today one of the largest mail order companies in Europe, is also almost a traditional Hamburg company.
But the Hanseatic city is also an important industrial center. In 2018, more than one seventh of economic output was accounted for by the manufacturing sector. With the Airbus plant in Finkenwerder, Hamburg is the world’s third largest location for aircraft construction. Well-known Hamburg industrial companies include Jungheinrich, Beiersdorf and Blohm & Voss.
Picture source: Moritz Lüdtke via Unsplash (12.07.2023)
Map: Firms in hanseatic city of Hamburg
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