The 10 Non-Utility Italian Companies With Market Caps Above EUR 10 Bil Had 2014 Total Audited Earnings Improve By EUR 15 Bil From 2013 Total Losses .... But Have Absolutely Collapsed Since 2007 ..... With 2014 Earnings Down 35% From 2010, Down 45% From 2008 and Down 59% From 2007 ..... 2 Year Total Earnings 2013-14 Down 74% From 2 Years 2008-9 ..... 3 Year Total Earnings 2012-14 Down 61% From 3 Years 2008-10 ..... 4 Years Total Earnings 2011-14 Down EUR 71 Bil or Down 82% From 4 Years 2007-10 ..... Economic Actions in Italy Are Not Working For Either the People or For Most of the 10 Largest Companies ..... Italy Should Consider Having Someone Like Ben Bernanke Take a Look

From a review of the superb Google Finance Website and company investor relations websites, I found 10 Non-Utility Companies headquartered in Italy with Stock Market Capitalizations of more than EURO 10 bil.

Excluded from these 10 Italian Companies are the 2 which had their financial statements denominated in US$s.

Below here are the reported Audited Earnings (Losses) From Continuing Operations for each of  these 10 Italian Companies for all years reported from 2007 through 2014, presented in Market Cap order:

			2014	2013	2012	2011	2010	2009	2008	2007
		Most	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited
		Recent	Net	Net	Net	Net	Net	Net	Net	Net
	City	2014	Income	Income	Income	Income	Income	Income	Income	Income
Italian Companies	HQs	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
			mil Euros	mil Euros	mil Euros	mil Euros	mil Euros	mil Euros	mil Euros	mil Euros
Intesa Sanpaolo SpA	Turin	Dec14	1,358	(4,526)	1,654	(8,127)	2,082	2,769	1,646	3,321
Eni SpA	Rome	Dec14	850	4,959	4,947	7,877	7,264	5,317	9,558	10,809
UniCredit SpA	Milan	Dec14	2,512	(12,823)	1,397	(8,226)	1,645	2,035	4,529	6,618
Luxottica Group SpA	Milan	Dec14	646	549	539	452	383	305	398	498
Assicurazioni Generali SpA	Trieste	Dec14	1,921	1,657	397	1,153	1,968	1,670	1,064	3,375
Telecom Italia SpA	Rome	Dec14	1,419	(579)	(1,379)	(4,676)	3,250	2,218	2,217	2,459
Atlantia SpA	Rome	Dec14	709	709	818	769	708	582	721	376
Snam SpA	San Donato Milanese	Dec14	1,198	917	779	790	1,106	732	530	594
Fiat Chrysler Automobiles NV	London	Dec14	632	1,951	896	1,398	222	(345)	1,721	2,054
EXOR SpA	Turin	Dec14	1,276	4,427	2,377	2,242	571	(997)	428	673
Total all 10			12,521	(2,759)	12,425	(6,348)	19,199	14,286	22,812	30,777
Earnings % Decline:
….. 2014 Below 2010			-35%
….. 2014 Below 2008			-45%
….. 2014 Below 2007			-59%
Two Year Earnings:
….. 2013-14			9,762
….. 2008-9			37,098
………. 2 Year Earnings Decrease
……………Amount			(27,336)
…………… %			-74%
Three Year Earnings:
….. 2012-14			22,187
….. 2008-10			56,297
………. 3 Year Earnings Decrease
……………Amount			(34,110)
…………… %			-61%
Four Year Earnings:
….. 2011-14			15,839
….. 2007-10			87,074
………. 4 Year Earnings Decrease
……………Amount			(71,235)
…………… %			-82%