TOP 101 - 2016

Place in the TOP of 2016Place in the TOP of 2015Company nameEnterprise value* in 2016, EUR millionEnterprise value* in 2015, EUR millionChange in the value, %Turnover** in 2015, million EURNormalized EBITDA*** in 2015, EUR millionCorporate Governance scoreIndustry
11LATVENERGO, AS (K)1307.411067.7622%929.10306.2091Utility services
22SWEDBANK, AS (K)833.581056.85-21%5391.201184.90100Financial services
33LATVIJAS VALSTS MEŽI, AS825.73809.682%261.6096.2081Extraction of natural resources
46LATVIJAS GĀZE, AS607.83549.811%444.7071.8091Utility services
55LATVIJAS DZELZCEĻŠ, VAS (K)562.1597.78-6%420.2085.3066Transport, transit, logistics
64VENTSPILS NAFTA, AS (K)1472.83659.57-28%176.7061.4032Transport, transit, logistics
77LATTELECOM, SIA (K)450.63487.24-8%187.1068.4088IT and telecommunication services
816MIKROTĪKLS, SIA418.93270.3255%202.4065.5029Manufacturing: industrial products
99LATVIJAS MOBILAIS TELEFONS, SIA (K)363.2388.58-7%179.5061.7085IT and telecommunication services
1010OLAINFARM, AS (K)348.11324.877%97.4025.80100Manufacturing: consumer goods
1117RIMI LATVIA, SIA326.22261.8525%785.3039.7040Trade: consumer goods
128SEB BANKA, AS (K)323.56410.87-21%3538.30459.90100Financial services
1312RĪGAS TIRDZNIECĪBAS OSTA, SIA (K)320.35310.453%219.3035.8019Transport, transit, logistics
1413RIETUMU BANKA, AS (K)297.23302.55-2%3794.20443.0074Financial services
1514KRONOSPAN RIGA, SIA287.85287.460%154.7040.708Manufacturing: industrial products
1619MAXIMA LATVIJA, SIA269.65234.1315%688.8031.2049Trade: consumer goods
1711URALCHEM TRADING, SIA (K)2258.74315.17-18%1132.0030.0016Trade: industrial goods
1818LATVIJAS FINIERIS, AS (K)251.31260.03-3%196.5032.2032Manufacturing: industrial products
19-REPHARM, AS (K)3248.47--198.1028.8016Trade: consumer goods
2015CIRCLE K LATVIA, SIA4229.8276.81-17%358.2028.6038Trade: energy carriers
2124STARPTAUTISKĀ LIDOSTA RĪGA, VAS216.2199.828%49.1019.5068Transport, transit, logistics
2229OLYMPIC CASINO LATVIA, SIA206.2152.1736%50.5025.7054Consumer services
2321TELE2 HOLDINGS, SIA (K)191.98223.0-14%120.4029.8054IT and telecommunication services
2428ALFOR, SIA190.09155.9422%60.4022.2051Consumer services
2520DNB, AS (K)190.08229.73-17%2333.00279.5081Financial services
2623ABLV Bank, AS (K)186.57205.84-9%4991.60276.5077Financial services

"(K)" placed after names of the companies indicates that a consolidated annual reports were used in preparation of the TOP. 

* TOP 101 presents enterprise value, except for banks, other credit institutions and insurance companies for whome the respective colum presents equity value. 

** For banks, other credit institutions and insurance companies, the column presents book value of total assets as at the end of 2014. 

** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2014. 

1Consolidation includes "Ventspils nafta" termināls" Ltd., "Latrostrans" Ltd. And JSC "Latvijas Kuģniecība". 

2Consolidated financial reports were used in the current TOP as compared to the previous year. 

3Shall be considered as a newcommer only technically, since previous years' TOPs included the major subsidiary JSC "SENTOR FARM APTIEKAS" and JSC "RECIPE PLUS" (with respective consolidated financial reports). 

4Previously known as "STATOIL FUEL & RETAIL LATVIJA" Ltd. 

5Shall be considered as a newcommer only technically, since previous years' TOPs included the major subsidiary JSC "LATVIJAS BALZAMS"(with respective consolidated financial reports). 

6Consolidated financial reports were used in the current TOP as compared to the previous year. 

7Consolidated financial reports were used in the current TOP as compared to the previous year. 

8Previously known as "LUKOIL BALTIJA R" Ltd. 

9Previously known as "BALTCOM TV" Ltd. 

10Consolidated financial reports were used in the current TOP as compared to the previous year. 

11Previously known as "PATA AB" Ltd. 

12Consolidated financial reports were not available for the current TOP as compared to the previous year.