For the third year in a row “Prudentia” and NASDAQ has created Baltic TOP10. With this continuing tradition we give an opportunity to the public in Latvia and other Baltic states to gain an insight into the most important companies in the Baltic. It is also an opportunity to rate the Latvian companies in comparison with other companies in the Baltic.
As in past years, it is visible that the Baltic TOP10 represents the industries with large, consolidated players with business in all three of the Baltic countries (banks and a fuel trader). These companies work in the Baltic as a single group. The TOP10 also includes the most important energy companies of each state that have large domestic market, but must also compete with each other in the neighboring markets; there is also the largest retail company in the Baltic and transport and logistics heavyweights.
All these companies have landed among top ten most valuable companies in the Baltic due to good corporate management, ability to make the right strategic decisions, thus generating continued positive cash flow.