TOP 101 | Top101.lv

TOP 2009	TOP 2008	Company name	Value 2009	Value 2008	Change	Turnover 2008	EBITDA 2008	CorpGov Score	Industry
77	-	RĪGAS NAMI, SIA	26.90	-	-	3.0	2.0	21	Real estate operations
50	-	RETS INVESTĪCIJAS, SIA	46.54	-	-	3.4	2.8	45	Energy
88	-	ABAVA, SIA	23.68	-	-	3.6	1.8	29	Real estate operations
69	-	LINSTOW, SIA	30.57	-	-	5.3	2.1	67	Real estate operations
60	-	GETLIŅI EKO, SIA	37.87	-	-	6.8	3.8	23	Utility services
45	-	TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA	59.60	-	-	6.9	4.2	51	Retail
56	-	ARIS BALTIJA, SIA	41.07	-	-	7.3	3.8	44	Fuel trade/Card retail
62	99	FIRST DATA LATVIA, SIA	35.76	24.48	46%	8.0	3.1	58	Information and Technology
95	-	LATVIJAS LOTO, VAS	21.49	-	-	8.5	2.3	30	Gambling
99	-	CEĻU, TILTU BŪVNIEKS, SIA	21.27	-	-	8.5	2.7	21	Construction services and materials
82	-	FORUM CINEMAS, SIA	24.94	-	-	8.9	2.3	54	Other services/Entertainment
74	-	AGA, SIA	28.67	-	-	10.0	2.6	60	Other services/Industrial gas
52	47	PERI, SIA	44.32	58.18	-24%	10.2	4.6	58	Construction services and materials
47	54	BALTIC CONTAINER TERMINAL, SIA	50.13	50.45	-1%	10.6	6.0	13	Transportation, transit, logistics
73	-	TV3 LATVIA, SIA	29.30	-	-	10.9	2.7	54	Other services/Media
97	-	L-EKSPRESIS, SIA	21.37	-	-	11.3	2.3	10	Transportation, transit, logistics
90	-	NAFTIMPEKS, SIA	23.18	-	-	12.0	2.9	5	Transportation, transit, logistics/Petrochemicals
53	61	STREK, SIA	43.78	42.77	2%	12.2	5.2	15	Transportation, transit, logistics
36	36	VIESNĪCA "LATVIJA", AS	77.13	80.29	-4%	12.6	5.8	54	Tourism and hotel services
83	100	SIS BIZNESA SERVISS, SIA	24.36	24.40	0%	12.8	3.6	5	Information and Technology
70	-	KREISS, SIA	29.89	-	-	14.3	3.2	26	Transportation, transit, logistics
94	-	KRONUS, SIA	21.94	-	-	14.7	2.5	35	Forestry and timber processing
59	60	JOKER LTD, SIA	39.32	46.07	-15%	15.4	4.2	27	Gambling
72	-	VIA, SIA	29.71	-	-	15.4	3.7	32	Construction services and materials
100	-	EAST METAL, SIA	21.09	-	-	16.5	2.5	72	Manufacturing
65	-	BULBASH, SIA	32.66	-	-	16.7	3.4	16	Retail
67	-	L & T, SIA	31.31	-	-	16.9	2.9	62	Utility services
80	-	ALCO, SIA	25.71	-	-	17.2	3.1	21	Fuel trade
79	-	DAUGAVPILS LOKOMOTĪVJU REMONTA RŪPNĪCA, AS	26.02	-	-	17.5	2.9	50	Other services/Industrial repairs
85	-	G4S LATVIA, AS	24.29	-	-	18.6	2.0	63	Other services/Security
96	101	TILTS, SIA	21.40	24.36	-12%	19.1	2.7	21	Construction services and materials
92	-	RETTENMEIER BALTIC TIMBER, SIA	22.88	-	-	20.7	2.4	67	Forestry and timber processing
19	53	VALSTS NEKUSTAMIE ĪPAŠUMI, VAS	134.42	51.03	163%	21.0	9.7	47	Real estate operations
68	-	HANZAS MAIZNĪCA, AS	30.95	-	-	21.7	3.0	49	Food production
55	78	JYSK LINNEN'N FURNITURE, SIA	41.53	30.25	37%	22.2	3.1	49	Retail
76	92	ZEMNIECĪBA, SIA	27.93	25.53	9%	22.2	2.7	15	Retail
101	-	TVA CONSTRUCTION, SIA	20.91	-	-	23.8	2.6	35	Construction services and materials
34	42	STARPTAUTISKĀ LIDOSTA RĪGA, VAS	80.51	63.80	26%	24.5	7.5	35	Transportation, transit, logistics
93	-	CEĻU PĀRVALDE, AS	22.77	-	-	24.5	2.9	19	Construction services and materials
26	-	MIKROTĪKLS, SIA	107.67	-	-	26.8	12.8	31	Information and Technology
66	76	CĒSU ALUS, AS	31.32	33.60	-7%	27.3	2.5	60	Tobacco and alcohol
91	-	ARČERS, SIA	22.96	-	-	28.1	2.9	31	Construction services and materials
28	30	RĪGAS ŪDENS, SIA	103.17	94.54	9%	29.7	11.1	24	Utility services
71	-	SALDUS CEĻINIEKS, SIA	29.86	-	-	32.1	3.8	21	Construction services and materials
75	-	VENTBUNKERS, AS	28.43	-	-	32.9	3.4	15	Transportation, transit, logistics
98	97	PATA AB, SIA	21.32	24.80	-14%	34.9	2.4	26	Forestry and timber processing
40	26	ALDARIS, AS	67.41	115.07	-41%	36.4	5.4	56	Tobacco and alcohol
54	-	BALTENERGOTRADE, SIA	43.44	-	-	36.7	2.6	53	Energy
38	49	VALMIERAS STIKLA ŠĶIEDRA, AS	75.38	55.39	36%	37.8	7.4	81	Manufacturing
81	59	MERKS, SIA	25.55	46.31	-45%	40.1	3.0	67	Construction services and materials
51	66	CIDO GRUPA, SIA	45.74	38.73	18%	45.6	3.6	56	Food production
89	82	LATVIJAS ENERGOCELTNIEKS, SIA	23.32	28.42	-18%	46.7	2.7	76	Construction services and materials
86	-	STABURADZE, AS	24.26	-	-	47.2	2.3	56	Food production
33	-	RE & RE, SIA	86.23	-	-	50.7	11.1	16	Construction services and materials
87	-	RD ELEKTRONIKS, SIA	24.14	-	-	50.8	2.5	51	Retail
25	31	KNAUF, SIA	108.48	92.75	17%	51.0	11.4	53	Construction services and materials
14	16	ALFOR, SIA	172.03	231.44	-26%	52.5	17.3	58	Gambling
49	55	BMGS, AS	46.76	50.36	-7%	53.8	6.0	18	Construction services and materials
43	57	SENTOR FARM APTIEKAS, AS	65.99	49.52	33%	54.5	5.2	33	Medicine and pharmaceuticals
84	-	RĪGAS PIENA KOMBINĀTS, AS	24.32	-	-	60.2	2.4	39	Food production
31	-	LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS	89.63	-	-	60.6	8.3	24	Construction services and materials
57	40	SKONTO BŪVE, SIA	40.88	71.33	-43%	61.5	5.1	34	Construction services and materials
21	19	GRINDEKS, AS	125.04	170.73	-27%	62.1	10.5	100	Medicine and pharmaceuticals
15	15	VENTSPILS NAFTA, AS	167.07	251.13	-33%	63.1	17.5	71	Transportation, transit, logistics/Petrochemicals
17	-	RĪGAS TIRDZNIECĪBAS OSTA, SIA	140.75	-	-	64.3	16.7	13	Transportation, transit, logistics
41	37	DROGAS, AS	67.03	79.65	-16%	64.7	7.0	53	Retail
30	52	VK TRANZĪTS, SIA	93.91	51.91	81%	66.2	11.2	13	Transportation, transit, logistics
63	81	TAMRO, SIA	33.73	29.53	14%	73.9	2.5	67	Medicine and pharmaceuticals
42	27	UPB, AS	66.14	107.70	-39%	74.4	8.5	17	Construction services and materials
24	29	A.C.B., AS	108.50	99.31	9%	97.2	14.1	13	Construction services and materials
27	25	LATVIJAS FINIERIS, AS	105.10	119.62	-12%	99.4	11.5	44	Forestry and timber processing
29	38	RECIPE PLUS, AS	94.98	75.73	25%	100.0	7.8	15	Medicine and pharmaceuticals
18	35	LATVIJAS BALZAMS, AS	134.69	89.77	50%	103.6	8.8	88	Tobacco and alcohol
20	39	RĪGAS SILTUMS, AS	132.85	74.93	77%	109.4	11.6	34	Utility services
11	21	RĪGAS SATIKSME, RP SIA	286.41	157.94	81%	113.1	26.5	21	Transportation, transit, logistics
9	11	LATVIJAS KUĢNIECĪBA, AS	322.86	325.05	-1%	120.9	33.7	73	Transportation, transit, logistics
6	7	TELE2, SIA	387.66	454.62	-15%	130.1	48.2	62	Telecommunication services
37	-	ITERA LATVIJA, SIA	76.89	-	-	140.8	9.3	13	Energy
3	3	LATVIJAS VALSTS MEŽI, VAS	573.43	873.40	-34%	148.0	63.4	39	Forestry and timber processing
7	8	LATTELECOM, SIA	364.90	449.28	-19%	160.4	52.1	82	Telecommunication services
2	5	LATVIJAS MOBILAIS TELEFONS, SIA	696.46	725.66	-4%	192.6	85.0	71	Telecommunication services
46	23	GE MONEY BANK, AS	50.14	143.69	-65%	253.0	58.6	81	Banks and financial services
16	18	LIEPĀJAS METALURGS, AS	147.07	173.75	-15%	270.2	17.9	81	Manufacturing
78	20	TRASTA KOMERCBANKA, AS	26.18	158.44	-83%	278.9	33.4	74	Banks and financial services
4	12	LATVIJAS DZELZCEĻŠ, VAS	465.37	300.88	55%	299.5	43.9	18	Transportation, transit, logistics
61	33	LTB BANK, AS	36.64	91.45	-60%	327.3	42.0	91	Banks and financial services
32	34	LATVIJA STATOIL, SIA	87.01	91.27	-5%	342.1	6.9	64	Fuel trade
5	10	LATVIJAS GĀZE, AS	403.32	353.74	14%	351.0	41.4	91	Energy
10	17	MAXIMA LATVIJA, SIA	304.71	224.25	36%	426.3	27.5	49	Retail
12	22	RIMI LATVIA, SIA	269.46	144.25	87%	465.0	24.0	55	Retail
1	2	LATVENERGO, AS	1239.74	950.13	30%	475.9	107.1	39	Energy
35	24	ELKO GRUPA, AS	79.47	130.24	-39%	505.4	10.1	70	Information and Technology
48	32	NORVIK BANKA, AS	48.19	92.05	-48%	505.7	57.0	75	Banks and financial services
64	50	LATVIJAS KRĀJBANKA, AS	33.09	55.37	-40%	681.5	38.1	89	Banks and financial services
58	41	UNICREDIT BANK, AS	39.53	66.34	-40%	789.6	45.9	84	Banks and financial services
39	28	LATVIJAS HIPOTĒKU UN ZEMES BANKA, VAS	68.93	101.33	-32%	969.0	79.6	87	Banks and financial services
44	13	AIZKRAUKLES BANKA, AS	62.48	285.76	-78%	982.1	75.1	67	Banks and financial services
23	9	RIETUMU BANKA, AS	110.49	379.22	-71%	1102.9	132.1	61	Banks and financial services
22	14	DNB NORD BANKA, AS	113.06	269.56	-58%	2190.1	148.4	86	Banks and financial services
13	4	SEB BANKA, AS	212.97	865.74	-75%	3383.8	274.7	97	Banks and financial services
8	1	SWEDBANK, AS	327.81	1243.42	-74%	5496.1	572.8	94	Banks and financial services

* TOP 101 reflects enterprise value of the companies except for banks and insurance companies, for which equity value is reflected.
** For banks and insurance companies the columns "revenue" and "adjusted EBITDA" present book value of total assets and shareholders' equity respectively.

TOP 101 Assumptions and Explanations

If available, consolidated financial statements were used to derive enterprise value. Holding companies were valued only if consolidated financial statements were available.
If there were suspicions that a company is a part of a financial schemes, the company was excluded form the TOP 101.
Specific risk of a company was not taken into account, since only publicly disclosed information was used. The information required to evaluate specific risk often is not publicly disclosed by companies.
Companies that, according to our opinion, were of particularly high risk profile were excluded from the TOP 101

TOP 101 - 2009
Latvia's most valuable enterprises
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Comparison between TOP101 and GDP

Distribution of the value of TOP101 companies, based on capital structure

TOP 101 value of the last company present in TOP, million EUR

TOP 101 - 2009 Latvia's most valuable enterprises Discover your company’s value