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


TOP101-panel-Discussion-Drivers-and-Challenges-for-IPO-and-MA-Deals

TOP101 Panel Discussion: Drivers and Challenges for IPO and M&A Deals.

View more
Three-Lithuania-based-companies-lead-the-Baltic-TOP-30-Most-Valuable-enterprises-list

Three Lithuania based companies lead the Baltic TOP 30 Most Valuable Enterprises list

View more
top101-2023-latvian-company-appraisal-between-crisis-and-opportunities-by-karlis-krastins

TOP101 2023 Latvian Company Appraisal: Between Crisis and Opportunities | By Kārlis Krastiņš

View more