Baltic TOP - 2020
Baltic's most valuable enterprises
Discover your company’s value

TOP 2020 TOP 2019 Company name Value 2020 Value 2019 Change Turnover 2019 EBITDA 2019 CorpGov Score Industry
1 1 VILNIAUS PREKYBA, UAB 3689.11 3598.32 3% 4933.5 446.3 38 Trade: consumer goods
5 4 THERMO FISHER SCIENTIFIC BALTIC, UAB 1528.90 1659.46 -8% 440.1 292.8 34 Manufacturing: consumer goods
7 3 TALLINK GRUPP, AS 1194.34 1743.06 -31% 949.1 156.0 71 Transportation, transit, logistics
2 2 SWEDBANK Group 1 1815.87 2407.54 -25% 28081.2 3479.5 76 Financial services
10 6 SEB BANK GROUP 4 1150.85 1561.60 -26% 19355.1 2244.1 70 Financial services
9 9 LIETUVOS GELEŽINKELIAI, AB 3 1155.39 1109.28 4% 473.5 185.7 90 Transportation, transit, logistics
8 - LATVIJAS VALSTS MEŽI, AS 2 1159.35 - - 375.2 157.8 57 Extraction of natural resources
3 5 LATVENERGO, AS 1653.82 1568.53 5% 841.6 243.9 90 Utility services
6 10 IGNITIS GRUPE, UAB 1490.61 930.73 60% 1090.6 204.6 95 Utility services
4 7 EESTI ENERGIA, AS 1614.48 1261.15 28% 956.4 252.5 65 Utility services

Published 25/11/2020

* TOP 101 reflects company's enterprise value. With the exception of banks and insurance companies - for these companies equity value is reflected.

** For banks and insurance companies the columns "revenue" and "adjusted EBITDA" present the value of total assets and equity respectively.

1The equity value of SWEDBANK Group is derived by combining the equity values of SWEDBANK Latvia, SWEDBANK Estonia and SWEDBANK Lithuania.

2Latvian state forests.

3Lithuanian Railroad.

4The equity value of SEB BANK Group is derived by combining the equity values of SEB Bank Latvia, SEB Bank Estonia and SEB Bank Lithuania.


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