TOP 101 - 2013
Latvia's most valuable enterprises

TOP 2013 TOP 2012 Company name Value 2013 Value 2012 Change Turnover 2012 EBITDA 2012 CorpGov Score   Industry
2 2 SWEDBANK, AS 663.00 898.30 -26% 4897.0 907.8 91 Financial services
7 5 SEB BANKA, AS 321.20 464.60 -31% 3942.8 435.1 97 Financial services
34 21 ABLV BANK, AS 99.70 132.90 -25% 3029.6 144.7 61 lv Financial services
20 13 RIETUMU BANKA, AS 160.20 203.40 -21% 2347.9 227.8 71 lv Financial services
21 11 LUMINOR BANK, AS 159.80 231.40 -31% 2347.3 224.1 78 Financial services
35 - CITADELE BANKA, AS 97.50 - - 2278.6 135.0 85 lv Financial services
12 17 URALCHEM TRADING, SIA 243.90 185.20 32% 1217.9 42.7 16 Trade: industrial goods
1 1 LATVENERGO, AS 1127.30 1246.90 -10% 1068.6 230.5 86 lv Utility services
26 25 ELKO GRUPA, AS 137.80 111.40 24% 848.1 16.3 34 lv Trade: consumer goods
53 29 UNICREDIT LEASING, SIA 61.00 91.40 -33% 817.4 85.1 81 Financial services
11 10 MAXIMA LATVIJA, SIA 246.70 247.70 0% 640.8 29.4 64 Trade: consumer goods
16 16 RIMI LATVIA, SIA 201.60 187.20 8% 630.8 22.6 58 Trade: consumer goods
6 6 LATVIJAS GĀZE, AS 390.00 409.30 -5% 608.2 74.7 91 Utility services
47 - LATVIJAS HIPOTĒKU UN ZEMES BANKA, VAS 70.10 - - 513.0 97.2 84 lv Financial services
3 4 LATVIJAS DZELZCEĻŠ, VAS 602.70 653.30 -8% 475.2 92.7 49 lv Transport, transit, logistics
41 55 CIRCLE K LATVIA, SIA 84.50 50.90 66% 444.0 10.7 58 Trade: energy carriers
87 52 TRASTA KOMERCBANKA, AS 35.90 53.20 -33% 432.8 50.5 77 Financial services
59 77 AMIC LATVIA, SIA 57.70 38.60 49% 328.1 7.3 59 Trade: energy carriers
66 38 EXPOBANK, AS 50.90 71.50 -29% 327.1 69.6 91 Financial services
46 94 NESTE LATVIJA, SIA 73.00 30.40 140% 298.3 9.2 58 Trade: energy carriers
27 - SAMSUNG ELECTRONICS BALTICS, SIA 120.00 - - 275.4 8.8 54 Trade: consumer goods
5 3 LATVIJAS VALSTS MEŽI, AS 446.20 698.60 -36% 253.4 76.1 33 lv Extraction of natural resources
28 - IF P&C INSURANCE, AS 118.00 - - 217.2 93.1 94 Financial services
10 22 RĪGAS TIRDZNIECĪBAS OSTA, SIA 263.90 132.70 99% 211.1 30.0 19 lv Transport, transit, logistics
8 9 LATTELECOM, SIA 308.20 328.00 -6% 209.3 70.1 77 lv IT and telecommunication services
68 49 ITERA LATVIJA, SIA 47.80 54.60 -12% 193.8 7.0 9 Trade: energy carriers
4 7 VENTSPILS NAFTA, AS 467.70 370.90 26% 193.0 57.2 62 Transport, transit, logistics
37 24 RĪGAS SILTUMS, AS 92.00 113.10 -19% 189.4 16.7 49 lv Utility services
64 83 BALCIA INSURANCE, SE 52.00 35.60 46% 187.5 45.5 41 lv Financial services
9 8 LATVIJAS MOBILAIS TELEFONS, SIA 283.70 360.30 -21% 183.8 63.6 74 IT and telecommunication services
42 46 SEVERSTAL DISTRIBUTION, SIA 79.00 56.00 41% 183.8 8.0 70 Trade: industrial goods
22 12 LATVIJAS FINIERIS, AS 159.40 215.30 -26% 179.3 28.2 32 lv Manufacturing: industrial products
95 85 MOLLER BALTIC IMPORT SE 33.20 35.00 -5% 153.8 3.6 52 Trade: consumer goods
14 14 BOLDERAJA LTD, SIA 220.20 197.90 11% 139.8 39.7 8 Manufacturing: industrial products
48 60 DEPO DIY, SIA 69.30 48.70 42% 137.7 11.5 24 lv Trade: consumer goods
36 37 RECIPE PLUS, AS 96.60 73.10 32% 127.3 12.9 15 lv Trade: consumer goods
86 - ELAGRO TRADE, SIA 36.10 - - 122.3 4.1 13 lv Trade: consumer goods
18 - TELE2, SIA 177.20 - - 118.3 39.4 75 IT and telecommunication services
13 18 GRINDEKS, AS 232.00 145.50 59% 117.7 22.6 97 lv Manufacturing: consumer goods
54 73 GJENSIDIGE BALTIC, AAS 60.30 39.90 51% 108.0 48.7 81 Financial services
82 - 4 FINANCE, AS 38.80 - - 98.9 42.6 22 lv Financial services
56 79 UPB, AS 59.30 38.30 55% 95.9 9.7 15 lv Construction
83 - A.C.B., AS 38.20 - - 88.8 6.3 38 lv Construction
65 70 DOBELES DZIRNAVNIEKS, AS 51.00 42.20 21% 88.6 6.1 48 Manufacturing: consumer goods
94 - SIGMEN, SIA 33.50 - - 88.0 3.8 13 lv Trade: industrial goods
31 27 BALTIJAS TRANZĪTA SERVISS, AS 106.10 99.10 7% 80.5 17.3 20 Transport, transit, logistics
17 19 MIKROTĪKLS, SIA 189.30 140.30 35% 80.0 27.5 26 lv Manufacturing: industrial products
74 - BINDERS, CEĻU BŪVES FIRMA SIA 43.50 - - 78.7 7.2 28 lv Construction
50 47 SENTOR FARM APTIEKAS, SIA 69.00 56.00 23% 77.3 8.6 27 lv Trade: consumer goods
40 44 LATVIJAS AUTOCEĻU UZTURĒTĀJS, VAS 86.80 59.50 46% 75.3 9.4 37 lv Construction
15 23 OLAINFARM, AS 204.40 129.00 58% 75.2 22.6 80 lv Manufacturing: consumer goods
33 32 VALMIERAS STIKLA ŠĶIEDRA, AS 101.10 87.30 16% 71.0 13.0 93 Manufacturing: industrial products
30 78 KREISS, SIA 107.40 38.50 179% 69.3 18.2 26 lv Transport, transit, logistics
29 40 AMBER BEVERAGE GROUP, SIA 109.50 68.50 60% 67.4 8.8 91 Manufacturing: consumer goods
76 66 PASAŽIERU VILCIENS, AS 43.30 45.70 -5% 64.6 6.2 41 lv Transport, transit, logistics
52 34 DROGAS, AS 63.50 80.10 -21% 58.9 8.4 50 Trade: consumer goods
84 - LATGRAN, SIA 37.00 - - 53.8 6.0 47 Manufacturing: energy carriers
98 54 VIKA WOOD, SIA 32.90 52.10 -37% 51.9 5.3 59 Manufacturing: industrial products
19 26 ALFOR, SIA 165.40 108.50 52% 51.8 18.6 38 Consumer services
79 92 ARČERS, SIA 39.60 31.20 27% 48.9 6.2 33 lv Construction
32 - BALTICOVO, AS 101.30 - - 48.7 12.7 48 lv Manufacturing: consumer goods
67 71 CĒSU ALUS, AS 48.50 41.50 17% 47.8 4.8 63 Manufacturing: consumer goods
89 58 GAUJAS KOKS, SIA 35.60 49.80 -29% 47.4 6.5 24 lv Manufacturing: industrial products
96 - RE & RE, SIA 33.00 - - 47.3 5.2 33 lv Construction
49 45 KNAUF, SIA 69.30 56.00 24% 45.8 9.4 53 Manufacturing: industrial products
43 59 AKZ, SIA 74.90 49.00 53% 45.1 12.7 34 lv Manufacturing: industrial products
23 36 STARPTAUTISKĀ LIDOSTA RĪGA, VAS 152.20 76.30 99% 42.9 17.0 40 lv Transport, transit, logistics
99 101 FIRMA MADARA 89, SIA 32.70 26.10 25% 42.3 4.8 27 lv Trade: consumer goods
60 - ENEFIT, SIA 57.20 - - 41.8 5.0 61 Trade: energy carriers
91 98 HENKEL LATVIA, SIA 35.30 27.40 29% 40.0 2.7 56 Trade: consumer goods
70 - LEXEL FABRIKA, SIA 45.00 - - 39.6 5.7 47 Manufacturing: industrial products
63 - RĪGAS ELEKTROMAŠĪNBŪVES RŪPNĪCA, AS 53.90 - - 37.6 6.6 17 Manufacturing: industrial products
73 - L'OREAL BALTIC, SIA 44.10 - - 36.5 3.4 54 Trade: consumer goods
77 100 LAUMA FABRICS, SIA 41.60 26.60 56% 34.5 6.6 13 Manufacturing: consumer goods
85 72 TIETO LATVIA, SIA 36.50 40.70 -10% 34.2 4.2 56 IT and telecommunication services
92 65 CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS 34.50 47.00 -27% 33.5 5.0 36 lv Other commercial services
61 62 JELD-WEN LATVIJA, SIA 56.20 48.20 17% 32.9 7.5 54 Manufacturing: industrial products
78 51 RETTENMEIER BALTIC TIMBER, SIA 39.80 53.80 -26% 32.8 6.8 33 Manufacturing: industrial products
25 30 OLYMPIC CASINO LATVIA, SIA 144.10 89.40 61% 30.9 15.3 67 Consumer services
97 - RĪGAS PIENSAIMNIEKS, SIA 33.00 - - 30.6 4.4 14 Manufacturing: consumer goods
24 20 VALSTS NEKUSTAMIE ĪPAŠUMI, VAS 149.80 139.10 8% 29.7 15.0 46 lv Real estate operations
58 82 AKG THERMOTECHNIK LETTLAND, SIA 57.70 35.90 61% 29.3 7.4 52 Manufacturing: industrial products
101 - LV EKSPEDĪCIJA, SIA 32.50 - - 26.3 5.7 8 Transport, transit, logistics
75 63 ALPHA OSTA, SIA 43.50 47.60 -9% 20.9 5.7 29 Transport, transit, logistics
62 75 JOKER LTD, SIA 56.10 39.50 42% 20.4 6.4 29 Consumer services
38 35 BALTIC CONTAINER TERMINAL, SIA 90.40 76.40 18% 19.8 11.8 7 Transport, transit, logistics
71 - BALTCOM, SIA 44.80 - - 18.0 4.8 20 IT and telecommunication services
57 48 STREK, SIA 58.20 55.00 6% 17.7 7.4 20 lv Transport, transit, logistics
88 - LIEPAJA BULK TERMINAL LTD, SIA LSEZ 35.80 - - 17.5 5.0 8 lv Transport, transit, logistics
55 88 ADMIRĀĻU KLUBS, SIA 59.90 34.00 76% 17.3 7.0 21 Consumer services
44 57 BALTIC COAL TERMINAL, AS 74.60 50.30 48% 16.8 9.7 12 lv Transport, transit, logistics
45 50 PLESKO REAL ESTATE, SIA 73.20 54.10 35% 15.4 7.3 41 Real estate operations
81 - RĪGAS UNIVERSĀLAIS TERMINĀLS, SIA 39.30 - - 11.4 4.7 48 Transport, transit, logistics
51 43 TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA 67.00 60.00 12% 11.1 6.7 47 Real estate operations
100 96 FIRST DATA LATVIA, SIA 32.70 28.00 17% 10.2 2.8 54 Other commercial services
39 33 DELTA PROPERTY, SIA 89.00 83.90 6% 10.2 8.9 32 Real estate operations
69 - DĪKSNA, SIA 46.20 - - 8.5 4.6 36 Real estate operations
80 - ALD AUTOMOTIVE, SIA 39.30 - - 6.9 4.7 47 Other commercial services
90 - STOCKMANN CENTRS, SIA 35.30 - - 5.3 3.5 50 Real estate operations
93 93 A.F.P. OF NORTH AMERICA INC. PATSTĀVĪGĀ SABIEDRĪBA LATVIJĀ, SIA 34.10 30.80 11% 4.9 3.4 19 Real estate operations
72 - SWH GRUPA, AS 44.40 - - 3.7 4.4 16 Real estate operations

* 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 2012.
** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2012.


Comparison between TOP101 and GDP

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

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

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