TOP 101 - 2014: Latvenergo Recognized as the Most Valuable Enterprise in Latvia

During the ceremony of Latvian Most Valuable Enterprises TOP101 Latvenergo was awarded as the Most Valuable Enterprise in Latvia. The ceremony, organized by Prudentia and Nasdaq Riga, took place already for the ninth year. Latvenergo was evaluated at 1.3 billion euros (last year - 1.127 billions). This year also the TOP101 new homepage www.top101.lv was presented to the public.

The leaders of the TOP101 Latvenergo and Swedbank Latvia have managed to hold their positions from previous year, however Latvijas Valsts meži (Latvia’s State Forests) has moved up to the third place.  Ventspils nafta (Ventspils Oil) ended up fourth, while the fifth place went to Latvijas Dzelzceļš (Latvian Railways). KRONOSPAN Riga made their debut in the top ten this year.

Detailed TOP 101 you can see here.

During the previous year the total value of the companies listed in TOP101 has risen by 16%. Latvian companies have experienced growth of their value for the past five years; however in 2013 the growth rate has increased. Three sectors in particular have experienced an increase in their assessments. Those are the processing industry, extraction of natural resources as well as financial services. Positive changes can also be witnessed in the evaluation of Corporate Governance practice.

This year a list of the Baltic TOP10 Most Valuable Enterprises in the Baltics was established. The award was handed to Swedbank Group, which unites its Latvian, Lithuanian and Estonian structures. It was evaluated at 3.2 billion euros. The award was presented by the President of the Republic of Latvia Andris Bērziņš.

Detailed Baltic TOP10 you can see here.

Nasdaq Riga special award for The Enterprise with the Biggest Share Price Increase was received by Valmieras stikla šķidra (Valmiera Glass Fibre). The price of its shares has risen by 96% during the past year. "Company has experienced rapid growth, and it has ambitious plans for further development. The rise of its share price clearly demonstrates that investors have appreciated company's performance and perspectives of development," noted Daiga Auziņa-Melalksne, Chairman of the Management Board, Nasdaq OMX Riga, AS.

Prudentia special award for The Capability of Executing an Ambitious Strategy in Agriculture Internationally was received by Agrolats Holding.

"Throughout the past few years Agrolats Holding has demonstrated itself as a successful company with an experienced team of shareholders and management. It is in the process of dynamic development in both starting and developing as well as selling and strengthening different agricultural projects both in Latvia and abroad," stated Kārlis Krastiņš, Chairman of the Management Board, Prudentia.

It is possible to find out detailed results of the Baltic TOP10 as well as Latvian TOP101 on the newly established homepage of the event www.top101.lv. It has been intended to serve as a valuable source of data and analysis. Homepage is available in Latvian, English and Russian.

Media contacts:

Elina Morozļi
Prudentia, Administrative Director
+371 22 332 028
elina.morozli@prudentia.lv

Dace Bulte
Nasdaq Riga, Communications Manager
+371 67 212 431
dace.bulte@nasdaq.com

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