Austerity, slowing growth, and the threat of sovereign default pose major risks to companies and countries with significant exposure to Europe.
S&P 500 (NYSEARCA:SPY) companies derive 14% of sales and 18% of profits from Europe, according to a report by Bank of America (NYSE:BAC). We put together a list of 15 companies with the most sales exposure to Europe.
The majority of this exposure is in core Europe, with tech being particularly volatile.
- AON Corp
#15 AON Corp
Europe sales: 39%
Foreign sales: 60%
American multinational company AON Corp. provides risk management services, insurance and reinsurance brokerage and consulting services.
Source: Bank of America
- McDonald's Corp.
#14 McDonald's Corp.
Europe sales: 40%
Foreign sales: 66%
The world's largest burger chain, McDonald's is headquartered in Oak Brook, Illinois.
Source: Bank of America
- Gilead Sciences Inc.
#13 Gilead Sciences Inc.
Europe sales: 40%
Foreign sales: 47%
Biopharmaceutical company Gilead Sciences largely focuses on antiviral drugs to treat people with HIV, Hepatitis B, or influenza.
Source: Bank of America
- Dentsply International Inc.
#12 Dentsply International Inc.
Europe sales: 40%
Foreign sales: 62%
Dentsply International is a dental equipment maker, and producer of dental consumables like tooth whiteners.
Source: Bank of America
- Autodesk Inc.
#11 Autodesk Inc.
Europe sales: 40%
Foreign sales: 71%
Founded in 1982, Autodesk Inc. is an American multinational corporation that produces computer software used in architecture, engineering, manufacturing and media industries.
Source: Bank of America
- Western Union Co.
#10 Western Union Co.
Europe sales: 41%
Foreign sales: 71%
Financial services and communications company Wester Union is headquartered in Englewood, Colorado.
Source: Bank of America
- Philip Morris International Inc.
#9 Philip Morris International Inc.
Europe sales: 41%
Foreign sales: 100%
International tobacco company Philip Morris spun off from Altria Group in 2008. Its most prominent brands include Marlboro, L&M, Bond Street, Red & White.
Source: Bank of America
- Owens-Illinois Inc.
#8 Owens-Illinois Inc.
Europe sales: 42%
Foreign sales: 72%
Owens-Illinois manufactures packaging products and specializes in container glass products.
Source: Bank of America
- Accenture PLC
#7 Accenture PLC
Europe sales: 44%
Foreign sales: 56%
Accenture is a management consulting, technology services and outsourcing company with offices in 53 countries.
Source: Bank of America
- Priceline.com Inc.
#6 Priceline.com Inc.
Europe sales: 45%
Foreign sales: 45%
Priceline.com is an online travel company that offers consumers discount rates for airline tickets and hotel stays.
Source: Bank of America
- Sigma-Aldrich Corp.
#5 Sigma-Aldrich Corp.
Europe sales: 45%
Foreign sales: 63%
Sigma-Aldrich is a life science and high technology company which operates in 40 countries.
Source: Bank of America
- XL Capital Ltd.
#4 XL Capital Ltd.
Europe sales: 48%
Foreign sales: 60%
XL Group is a financial services company headquartered in Ireland with executive offices in Bermuda. It was previously known as XL Capital Ltd. The company operates in insurance, reinsurance and life operations.
Source: Bank of America
- Harman International Industries
#3 Harman International Industries
Europe sales: 60%
Foreign sales: 80%
Harman International Industries is an international audio and infotainment equipment company. The company sells branded auto systems to car makers like BMW, Mercedes-Benz, General Motors.
Source: Bank of America
- First Solar Inc.
#2 First Solar Inc.
Europe sales: 60%
Foreign sales: 87%
First Solar manufactures solar modules with an advanced thin-film semiconductor technology.
Source: Bank of America
- Coca-Cola Enterprises Inc.
#1 Coca-Cola Enterprises Inc.
Europe sales: 100%
Foreign sales: 100%
Coca-Cola enterprises markets, produces and distributes Coca-Cola products and is the bottler for Western Europe. Its products include Coca-Cola, Diet Coke, Sprite, Dasani, and Fanta among others.
Source: Bank of America
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