Baltic most valuable enterprises TOP 10

Taking into account the rapidly improving financials, as well as an aggressive growth strategy, Vilniaus Prekyba becoming the most valuable company in the Baltics is not a surprise, but predictable outcome. Reliance on the growing Baltic consumer purchasing power and international expansion has led to the situation in which Vilniaus Prekyba group is the most valuable Baltic company and will hold this position for the following years.

Comparing to the 2018 Baltic TOP10, Latvijas Valsts Meži lost its place in the TOP10 and it seems that Latvia will be represented by only one company for the foreseeable future - Latvenergo. At least, there are no signs that any other Latvian company from TOP101 will reach 1 billion EUR in enterprise value, which is a minimum entry ticket to the Baltic TOP10 list.

For a long time being just nearly outside of the TOP10 most valuable Baltic companies, the Lithuanian subsidiary of the international biotechnology group Thermo Fisher Scientific has entered the Baltic TOP10 and is placed 4th with a significant increase in value (+ 64%). This rapid increase in enterprise value happened largely due to the construction of a new high-value-added drug manufacturing facility in Vilnius back in 2016, which has allowed the company to report a spectacular profit for the Baltic companies. In recent years Lithuania has successfully attracted various multinational companies, meaning that another Lithuanian-based subsidiary of a multinational company could break into the Baltic TOP10 list in the nearest future.