October 2026
Largest Public Companies in Luxembourg
Benchmark revenue and EBITDA valuation multiples for public comps like
Eurofins Scientific, Reinet Investments, Brederode, SES and Luxempart.
 | Eurofins, headquartered in Luxembourg, is a decentralized network of life sciences companies that provide various analytical tests and laboratory services. These include tests to evaluate the safety, identity, composition, authenticity, purity, origin, and traceability of various biological substances and products. Eurofins operates over 950 laboratories in 61 countries. Its revenue from Europe, North America, and the rest of the world contributes approximately 50%, 40%, and 10% of total revenue, respectively. Its areas of business activity are food, feed, and environmental testing ("life"), biopharmaceutical services, diagnostic services and products, and consumer and technology products testing, which contribute approximately 40%, 30%, 20%, and 10% respectively. | $85 | +20% | $15B | $20B | 2.4x | 12.4x | ||
| Reinet Investments is a Luxembourg-based investment holding company, structured as a partnership limited by shares and managed with the Rupert family as general partners, that seeks long-term capital growth. It invests through Reinet Fund, a Luxembourg specialised investment fund holding listed and unlisted equities, private equity and credit fund interests and other assets. South African businessman Johann Rupert serves as executive chairman, and Reinet is one of the family's main investment vehicles alongside Richemont and Remgro. Its largest and longest-running investment was Pension Insurance Corporation, where it first committed GBP 400 million in 2012 and eventually invested about GBP 1.1 billion for a 49.5 percent stake. Reinet sold that stake to Athora for about GBP 2.9 billion, completing the sale in March 2026 and lifting its cash to about USD 5.6 billion, more than 80 percent of its net asset value. The company earns its returns from investment income and capital gains rather than from operating businesses. | PE & VC+1 | $25 | -- | $4.6B | $4.6B | (16.5x) | - | |
| Brederode SA is an international investment company that manages private equity portfolios and listed Securities portfolios. The company's private equity consists of long-term commitments to limited partnerships or funds. General partners bringing professional experience are grouped with institutional investors (limited partners) to comprise one of Brederode's teams. Funds tend to follow buyout strategies that focus on acquiring a controlling interest and using financial leverage in mature companies. Investments are chosen after a due diligence process that includes managerial interviews and examination of ad hoc documents. The United States comprises nearly half of Brederode's uncalled commitments and current investments. | $113 | -5% | $3.3B | $3.3B | 23.6x | - | ||
| SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity, and ancillary services, to customers around the world. The largest video division delivers television and radio satellite signals to homes through various media providers such as Comcast, Viacom, M7, and QVC. The mobility revenue is derived by offering high-bandwidth Internet connections to maritime users, and SES SA's government division offers secure communication links to international institutions and governments. Fixed Data works to bring satellite networks and connectivity to remote areas. | $5 | -67% | $2.1B | $10B | 3.4x | 8.8x | ||
| Luxempart SA is an investment company that invests in a portfolio of listed and non-listed companies. The firm makes investments that vary from long-term to medium-term, with the majority of investments being in the long term. The company has two business segments; Direct Investments consist of taking direct participation in companies in the target geographical regions, which consist of the Benelux region (Belgium, Luxembourg), France, DACH region (Germany, Austria, Switzerland), and Italy, and The Investment Funds consists in the acquisition of shares in Investment Funds mainly active in private equity and venture capital. | $84 | +14% | $1.7B | $1.6B | 5.1x | - | ||
| d'Amico International Shipping SA is an international marine transportation company. The company provides transportation services for refined petroleum products and vegetable oil. It operates a flexible fleet of product/chemical tankers. The product tankers transport refined oil products through various double-hulled vessels. The company serves oil companies and trading houses. Geographically the activities are performed throughout Luxembourg. | $9 | +82% | $1.1B | $1.1B | 3.1x | 7.2x | ||
| Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries. where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico. | $10 | +59% | $441M | $362M | 1.5x | 103.3x | ||
| Younited Financial SA is a specialized credit institution and investment services provider supervised by the ACPR and AMF in France, under the oversight of the ECB. By leveraging its powerful technology platform with open banking, modern APIs and artificial intelligence, Younited has built an efficient and scalable pan-European consumer credit platform to transform the European consumer loan market and help households reach financial well-being. | $7 | -19% | $331M | $401M | 94.6x | (4.1x) | ||
| Eleving Group SA is a fintech company focused on vehicle and consumer lending across emerging and developed markets. The group runs two business lines: vehicle finance and consumer finance. The vehicle finance segment offers vehicle leasing, leaseback, subscription, rental, rent-to-buy, and car-sharing products. The consumer products segment provides single payment and instalment loans, credit lines, and long-term unsecured loans. The Group provides vehicle financing products in ten markets: Latvia, Lithuania, Estonia, Georgia, Romania, Moldova, Armenia, Uganda, Kenya, and Uzbekistan. In the consumer financing segment, the Group is in seven markets: Albania, Moldova, North Macedonia, and the newly integrated Botswana, Namibia, Zambia, and Lesotho. | $2 | -2% | $223M | $765M | 2.7x | 12.9x | ||
| Ste Electrique de L'Our SA SEO runs the Vianden pumped storage power plant to generate peak electricity. In addition, it also operates hydroelectric power plants on the Mosel and wind turbines. | $24 | -7% | $5M | $181M | 4.3x | (96.6x) | ||
| Median | $17 | -2% | $1.4B | $1.4B | 3.3x | 8.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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