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IBISWorld reveals Australia’s Top 1000 companies

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by Media Team
Mar 07 2016

Business analysts at IBISWorld have revealed a list of Australia’s Top 1000 companies, offering detailed and diverse insights into the nation’s most successful companies, growing and declining sectors, and new businesses to watch in 2016 and beyond.

Top 10 companies by revenue

Retail behemoth Wesfarmers has jumped into the number one position, overtaking major rival Woolworths on the back of the robust performance of its grocery arm, Coles, which has gained market share in the supermarkets and grocery stores industry. Bunnings’ vastly superior results compared with its significantly smaller competitor, Masters, has also assisted Wesfarmers, while Woolworths has recently announced that Masters will be sold off or closed down in the coming months.

The big four banks have all held on to positions in the Top 10 this year, despite the current low interest rate environment putting pressure on growth.

“The big four banks remain the largest four companies in the country by assets, holding more than $3.5 trillion between them. Even though growth is not significant in this sector in the current climate, their collective revenue of almost $165 billion puts them firmly near the top of the list,” said IBISWorld senior industry analyst Ms Jem Anning.

Beyond supermarkets and banks, there are no surprises in this year’s Top 10, which is rounded out by Rio Tinto, BHP Billiton, Telstra and Caltex Australia.

“BHP Billiton has held the number one spot on the list since 2010. However, the South 32 demerger, which was completed in May 2015, has caused BHP to fall to fourth position on the list this year,” said Ms Anning.

Major movers: moving up

This year’s biggest mover is Bindaree Beef, jumping a staggering 338 spots from its position on the list last year to come in at number 535.

IBISWorld attributes the company’s strong increase to a marked rise in demand for Australian beef in export markets, particularly in Asia where incomes have been growing strongly over the past three years. “This strong demand has driven up beef prices, and Bindaree Beef has benefited from increasing sales both in volume and value terms,” explained Ms Anning.

Other substantial movers on this year’s list come from a diverse industry mix, and include Greencross, Investa, Youi and MetLife Insurance. Greencross managed to move 300 spots up the list during the year. Revenue growth among these companies resulted from factors such as strengthening organic sales, acquisitions and increased activity on the back of government grants.

Major movers: moving down

The company with the dubious honour of falling the furthest on the latest Top 1000 list is Mount Gibson Iron, which plummeted 511 spots.

“Mount Gibson endured numerous challenges during their last reporting year, including volatile and often lower iron ore prices, a flooded mine and losses in foreign exchange hedges,” said Ms Anning. “However, it wasn’t the only mining company that dealt with difficult operating conditions last financial year. Companies such as Consolidated Minerals and Solid Energy also suffered heavy revenue losses, contributing to their fall down the Top 1000 list.”

Companies to watch: the newcomers
According to IBISWorld, the newcomers to the latest list cover a broad range of sectors, from finance and tourism to health and property development. Newcomers to the list include ME Bank, Travelex, I-MED Radiology Network, Intrepid Travel and Swisse Wellness.

The top 1000 list is available upon request and includes public and private companies, and government organisations.

Please see Appendix A for the top ten companies, major movers and newcomers to this year’s list.



For further information or to arrange an interview with an IBISWorld senior analyst, please contact:
Anne Wild / Shae Courtney
IBISWorld Media Relations Representatives – Anne Wild & Associates Pty Ltd
Tel: (02) 9440 0414
Mobile: 0420 736 136

Appendix A:

Top ten companies by revenue

Major movers: moving up

Major movers: moving down



For more information, to obtain industry reports, or to speak with an analyst, please contact:

Kim Do

Strategic Media Advisor – IBISWorld Pty Ltd
Tel: (03) 9906 3641 Mobile: 0422 773 995