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Lower Saxony on the rise: The largest companies and their forecasts for 2025
Uelzen highlights the economic development of the largest companies in Lower Saxony in 2024 and their outlook for 2025.
Lower Saxony on the rise: The largest companies and their forecasts for 2025
Lower Saxony's economic landscape is presented in numbers: According to a current study by Nord/LB, which analyzes the developments of the state's 100 largest companies, the companies suffered a total decline in sales of 1.5% in 2024. The number of employees even fell by 3.2%. But there are also bright spots, as az-online.de reports.
The automobile giant Volkswagen remains unchallenged at the top and recorded sales of 324.6 billion euros, a slight increase of 0.7%. Also noteworthy is TUI AG, which was able to increase sales by an impressive 12% to 23.2 billion euros. In contrast, well-known companies such as Continental AG and EWE AG are facing revenue declines of 4% and 13%, respectively.
Placements in the top 10
A look at the table of the largest companies shows how dynamic the market is:
| rank | Pursue | Sales (in billion euros) | the change |
|---|---|---|---|
| 1 | Volkswagen | 324.6 | +0.7% |
| 2 | Continental AG | 39.7 | -4% |
| 3 | TUI AG | 23.2 | +12% |
| 4 | Salzgitter AG | N/A | -7% |
| 5 | Dirk Rossmann GmbH | N/A | +7% |
| 6 | EWE AG | N/A | -13% |
Economic outlook and challenges
The Hanover-Braunschweig-Göttingen-Wolfsburg metropolitan region plays a central role in this, as 60 of the largest companies are based here. Hanover itself is home to 22 of these large companies. Despite the challenges, many companies are optimistic, with an average sales forecast of around 3% for the current year. Fiscal stimulus is seen as crucial to economic recovery, underscoring the need for support for businesses.
But it's not just the big players that shape Lower Saxony's economy. The state has much more to offer: with an area of 47,614 km², it is the second largest state in Germany and plays a significant role in manufacturing and agriculture. Livestock breeding in particular is of outstanding importance here, and the service sector is continuously growing, enriching the economic framework, as already documented on wikipedia.org.
Overall, one thing can be said: Lower Saxony remains an economically important location in Germany that has proven itself despite some setbacks. The latest study results give cause for hope and make it clear that many companies could have a good hand for the future. For the complete list of the largest companies and further information, a visit to the Nord/LB website is recommended.
And when it comes to digital innovations, companies can also find what they are looking for at Microsoft. Microsoft 365 includes versatile tools that are particularly important for everyday business life and also offers new functions such as Copilot, reports office.com.