The Porsche and Piëch families hold more than half of the voting rights in Volkswagen.
(Photo: Bloomberg)
Cologne Germany is considered the Eldorado for hidden champions, i.e. for world market leaders in niches. Family businesses play a central role for the entire economy in this country. Around 90 percent of all companies are owner- or family-run. On the stock exchange, their share in Germany is 40 percent.
The 1000 largest family businesses achieve an annual turnover of 2.06 trillion euros. According to the current ranking of the “Die Deutsche Wirtschaft” (DDW) network, 253 family businesses each achieve sales of more than one billion euros.
Family-run companies are interesting for investors: They often achieve better price development on the stock exchanges. One reason: These companies focus on long-term goals and are less interested in short-term quarterly results.
Family businesses therefore have more patience to realize strategies and visions. They are also often characterized by first-class know-how in niches.
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