The 2016 AFR Top 500 Private Companies list in partnership with IBISWorld revealed
Today, IBISWorld will release the much anticipated 2016 AFR Top 500 Private Companies, published in The Australian Financial Review. The list reveals that these companies generated combined revenue of more than $197 billion in 2015-16. Private superannuation funds in Australia generated a sizeable $89.8 billion in revenue in 2015-16.
“The companies in this year’s list grew an average of 8.0% from the previous year, with Top 500 private companies in Victoria topping the list at 34.5% of the total revenue, followed by New South Wales at 32.7% and Queensland at 15.9%,” said IBISWorld Lead Researcher, Julia Saladino.
“Manufacturers, construction companies, wholesale traders, retailers, financial and insurance service providers and professional, scientific and technical service providers” were the industries most represented in this year’s Top 500 Private Companies list, added Ms Saladino.
“There were few sizeable movements within the top 20 companies by revenue this year, with only two new companies breaking into the top 20 and only one new company able to break into the top 10. Visy continues to maintain its position at the top of the list, generating almost $2 billion more in revenue than the next company, Co-operative Bulk Handling,” said Ms Saladino.
New entrants to the top 20 companies in this year’s list include Hutchinson Builders, moving from 25 to 19, and St John of God Health Care, moving from 21 to 20.
“Hutchinson’s performance has been driven by strong demand from the residential housing market in South-East Queensland and continuing growth in Victoria and the Northern Territory. Meanwhile, St John of God Health Care’s revenue has shot up due to its acquisition of a hospital and the opening of a new hospital over the course of 2015-16,” added Ms Saladino.
IBISWorld also highlighted the performance of Meriton Apartments, which moved from tenth position last year to number 6 over the course of 2015-16. They attributed Meriton’s rise to the ongoing residential construction boom, as well as its continued efforts to diversify its business to include other revenue streams, such as operating serviced apartments. Meanwhile, Hancock Prospecting fell from 8th last year to 17th in 2016, as result of difficult trading conditions within the mining sector.
The Top 500 Project
The 2016 AFR Top 500 Private Companies list in partnership with IBISWorld is ranked by revenue. The list includes public unlisted companies, partnerships, associations and private companies. To compile the list, IBISWorld gathered data through primary research, company reports lodged with ASIC and its own appraisals of company revenue based on historic data and industry analysis. IBISWorld separated superannuation funds from other Top 500 private companies.
The 2016 AFR Top 500 Private Companies list in partnership with IBISWorld was developed by IBISWorld and published by Fairfax Media in The Australian Financial Review on 1 September 2016, online at www.afr.com.au and across the Financial Review’s other digital platforms.
For more information on the Top 500 Private Companies, or the industries in which they operate, visit www.ibisworld.com.au
The full Top 500 Private Companies list is available here: http://www.afr.com/leadership/brw-lists/top-500-private-companies/afr-top-500-private-companies-20160828-gr2zyt
For a printable PDF of this release, click here.
|For more information, to coordinate an interview with an IBISWorld representative or to obtain an industry report contact:
IBISWorld Media Relations Representatives
Anne Wild & Associates Pty Ltd
Tel: (02) 9440 0414
Mobile: 0420 736 136
|For interviews with The Australian Financial Review contact:
The Australian Financial Review
Tel: (02) 9282 1224
Mobile: 0421 901 298