TOP 101 - 2015
Latvia's most valuable enterprises

TOP 2015 TOP 2014 Company name Value 2015 Value 2014 Change Turnover 2014 EBITDA 2014 CorpGov Score   Industry
2 2 SWEDBANK, AS 1056.90 848.20 25% 5071.5 1136.7 94 Financial services
23 26 ABLV BANK, AS 205.80 150.60 37% 4270.1 229.7 74 lv Financial services
8 8 SEB BANKA, AS 410.90 365.90 12% 3594.2 439.6 97 Financial services
13 15 RIETUMU BANKA, AS 302.50 224.90 35% 3477.8 337.6 74 lv Financial services
25 31 CITADELE BANKA, AS 162.30 117.70 38% 2854.6 176.7 87 Financial services
20 20 DNB, AS 229.70 189.60 21% 2362.5 254.4 78 Financial services
61 - NORVIK BANKA, AS 66.50 - - 1157.1 73.8 77 Financial services
11 11 URALCHEM TRADING, SIA 315.20 292.30 8% 1135.6 32.9 16 Trade: industrial goods
1 1 LATVENERGO, AS 1067.80 1300.10 -18% 1010.8 234.0 90 lv Utility services
35 28 ELKO GRUPA, AS 116.30 137.60 -15% 972.7 11.6 21 Trade: consumer goods
17 18 RIMI LATVIA, SIA 261.80 198.80 32% 741.0 35.6 40 Trade: consumer goods
95 - PRIVATBANK, AS 47.30 - - 678.7 51.7 84 Financial services
19 14 MAXIMA LATVIJA, SIA 234.10 244.20 -4% 674.4 24.0 45 Trade: consumer goods
100 90 BALTIKUMS BANK, AS 45.10 43.00 5% 625.3 51.3 64 lv Financial services
6 7 LATVIJAS GĀZE, AS 549.80 385.30 43% 503.1 71.1 91 Utility services
67 66 EXPOBANK, AS 61.80 60.30 2% 490.4 68.0 81 Financial services
5 5 LATVIJAS DZELZCEĻŠ, VAS 597.80 575.00 4% 440.9 80.0 35 lv Transport, transit, logistics
15 - STATOIL FUEL & RETAIL, SIA 276.80 - - 435.1 22.3 56 Trade: energy carriers
101 - UNICREDIT LEASING, SIA 44.10 - - 398.6 25.1 60 Financial services
36 39 NESTE LATVIJA, SIA 113.30 87.50 29% 350.0 10.9 63 Trade: energy carriers
97 - NORDEA FINANCE LATVIA, SIA 46.10 - - 316.3 24.8 89 Financial services
27 23 AGROLATS HOLDING, AS 156.50 158.30 -1% 312.9 5.4 27 lv Manufacturing: consumer goods
3 3 LATVIJAS VALSTS MEŽI, AS 809.70 801.30 1% 275.7 113.7 61 lv Extraction of natural resources
57 54 LUKOIL BALTIJA R, SIA 68.90 68.00 1% 265.9 5.7 59 Trade: energy carriers
49 41 SAMSUNG ELECTRONICS BALTICS, SIA 79.20 83.80 -5% 263.2 5.9 34 Trade: consumer goods
54 60 LATVIJAS ATTĪSTĪBAS FINANŠU INSTITŪCIJA ALTUM, VAS 71.30 63.60 12% 252.7 78.9 78 lv Financial services
56 52 4 FINANCE, AS 69.70 70.40 -1% 245.0 61.6 22 Financial services
59 61 BTA INSURANCE COMPANY, SE 67.40 63.50 6% 240.3 49.4 36 Financial services
44 38 SEVERSTAL DISTRIBUTION, SIA 86.80 89.20 -3% 228.2 8.0 56 Trade: industrial goods
12 17 RĪGAS TIRDZNIECĪBAS OSTA, SIA 310.50 199.30 56% 226.6 32.5 19 lv Transport, transit, logistics
18 12 LATVIJAS FINIERIS, AS 260.00 273.80 -5% 194.1 35.2 32 lv Manufacturing: industrial products
7 6 LATTELECOM, SIA 487.20 408.00 19% 188.0 69.1 94 lv IT and telecommunication services
93 73 TOLMETS, SIA 47.60 53.80 -12% 185.1 4.4 29 lv Trade: industrial goods
48 33 RĪGAS SILTUMS, AS 80.40 109.20 -26% 173.1 14.5 66 lv Utility services
43 45 DEPO DIY, SIA 93.80 78.30 20% 167.4 14.7 32 lv Trade: consumer goods
86 - AKSELSS, SIA 49.80 - - 164.2 5.5 8 Trade: energy carriers
14 9 KRONOSPAN RIGA, SIA 287.50 336.20 -14% 164.0 30.8 8 Manufacturing: industrial products
4 4 VENTSPILS NAFTA, AS 659.60 644.60 2% 161.9 52.6 71 Transport, transit, logistics
9 10 LATVIJAS MOBILAIS TELEFONS, SIA 388.60 320.60 21% 161.2 52.8 91 IT and telecommunication services
83 71 PATA AB, SIA 50.30 55.00 -9% 150.5 6.1 27 lv Manufacturing: industrial products
30 35 RECIPE PLUS, AS 137.70 100.60 37% 140.6 14.2 16 lv Trade: consumer goods
16 19 MIKROTĪKLS, SIA 270.30 192.70 40% 135.4 34.6 26 lv Manufacturing: industrial products
34 36 KREISS, SIA 129.40 95.60 35% 121.1 18.1 26 lv Transport, transit, logistics
51 48 UPB, AS 78.80 73.00 8% 116.4 10.6 26 lv Construction
21 21 TELE2 HOLDINGS, SIA 223.00 189.50 18% 115.9 30.8 54 IT and telecommunication services
32 34 VALMIERAS STIKLA ŠĶIEDRA, AS 133.00 108.60 22% 108.4 17.5 92 Manufacturing: industrial products
60 - GREEN TRACE, SIA 67.30 - - 98.7 9.0 8 Trade: consumer goods
68 59 GJENSIDIGE BALTIC, AAS 61.10 64.60 -5% 96.8 40.9 81 Financial services
10 16 OLAINFARM, AS 324.90 220.40 47% 93.7 25.0 91 lv Manufacturing: consumer goods
26 30 DROGAS, AS 159.00 126.80 25% 90.1 11.5 50 Trade: consumer goods
22 13 GRINDEKS, AS 211.20 249.90 -15% 88.5 2.6 91 lv Manufacturing: consumer goods
42 50 SENTOR FARM APTIEKAS, AS 95.20 71.80 33% 87.3 9.2 16 lv Trade: consumer goods
33 27 CEMEX, SIA 131.80 137.70 -4% 86.9 14.6 40 Manufacturing: industrial products
85 - PAULA STRADIŅA KLĪNISKĀ UNIVERSITĀTES SLIMNĪCA, VSIA 49.90 - - 83.2 4.4 45 lv Health care
91 64 A.C.B., AS 48.40 61.60 -21% 80.2 5.0 21 lv Construction
98 85 BINDERS, CEĻU BŪVES FIRMA SIA 46.00 45.90 0% 77.8 4.6 30 lv Construction
77 93 LATGRAN, SIA 53.40 41.30 29% 73.4 13.2 14 Manufacturing: energy carriers
38 32 LATVIJAS BALZAMS, AS 108.90 115.70 -6% 73.1 9.6 91 Manufacturing: consumer goods
65 57 LATVIJAS AUTOCEĻU UZTURĒTĀJS, VAS 63.30 64.90 -2% 63.8 8.0 47 lv Construction
94 70 RE & RE, SIA 47.50 56.60 -16% 62.8 3.4 27 lv Construction
80 99 LATVIJAS PASTS, VAS 52.00 38.30 36% 61.7 7.8 48 lv Transport, transit, logistics
92 68 STORA ENSO LATVIJA, AS 48.10 58.00 -17% 61.4 4.9 52 Manufacturing: industrial products
64 - BITE LATVIJA, SIA 65.00 - - 60.8 12.5 54 IT and telecommunication services
47 43 AKZ, SIA 84.30 80.40 5% 60.6 11.3 32 lv Manufacturing: industrial products
71 62 GAUJAS KOKS, SIA 56.60 63.50 -11% 55.9 7.1 29 lv Manufacturing: industrial products
37 53 VENTBUNKERS, AS 109.50 70.00 56% 54.0 11.9 26 Transport, transit, logistics
41 37 KNAUF, SIA 96.60 91.30 6% 54.0 13.2 33 Manufacturing: industrial products
28 24 ALFOR, SIA 155.90 158.10 -1% 53.5 17.8 51 Consumer services
31 29 VALSTS NEKUSTAMIE ĪPAŠUMI, VAS 136.70 133.30 3% 51.7 14.5 50 lv Real estate operations
96 83 CĒSU ALUS, AS 47.10 46.80 1% 46.9 3.5 63 Manufacturing: consumer goods
24 22 STARPTAUTISKĀ LIDOSTA RĪGA, VAS 199.80 184.60 8% 44.9 14.3 51 lv Transport, transit, logistics
75 98 PINDSTRUP LATVIA, SIA 53.60 38.50 39% 44.8 6.0 27 Extraction of natural resources
81 81 BALTICOVO, AS 51.40 48.00 7% 42.8 5.5 53 lv Manufacturing: consumer goods
55 49 RĪGAS ŪDENS, SIA 70.90 72.20 -2% 42.7 13.2 47 lv Utility services
53 56 JELD-WEN LATVIJA, SIA 75.80 65.50 16% 42.0 11.5 34 Manufacturing: industrial products
79 72 TIETO LATVIA, SIA 52.50 54.00 -3% 39.7 4.6 56 IT and telecommunication services
74 86 STORA ENSO PACKAGING, SIA 54.20 45.50 19% 39.4 7.2 52 Manufacturing: industrial products
29 25 OLYMPIC CASINO LATVIA, SIA 152.20 153.10 -1% 39.2 18.9 54 Consumer services
89 96 CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS 48.80 39.20 24% 37.3 5.8 47 lv Other commercial services
70 - NAFTIMPEKS, SIA 57.30 - - 34.4 4.4 8 Transport, transit, logistics
69 75 AKG THERMOTECHNIK LETTLAND, SIA 59.50 52.80 13% 30.3 7.5 33 Manufacturing: industrial products
39 51 PLESKO REAL ESTATE, SIA 103.20 71.00 45% 26.7 14.8 30 Real estate operations
40 - RIGA FERTILIZER TERMINAL, SIA 99.90 - - 25.9 9.6 20 Transport, transit, logistics
62 55 JOKER LTD, SIA 65.70 65.80 0% 25.1 8.0 32 Consumer services
58 65 LATVIJAS GAISA SATIKSME, VAS 68.30 60.60 13% 24.6 5.4 46 lv Transport, transit, logistics
73 67 ADMIRĀĻU KLUBS, SIA 54.30 60.10 -10% 22.5 5.3 37 Consumer services
52 58 BALTCOM TV, SIA 78.10 64.90 20% 21.0 5.6 22 IT and telecommunication services
45 46 VIESNĪCA "LATVIJA", AS 85.50 76.60 12% 20.9 8.3 52 Consumer services
90 87 AGA, SIA 48.50 45.50 7% 19.9 5.0 34 Trade: energy carriers
50 47 BALTIC CONTAINER TERMINAL, SIA 78.80 76.60 3% 17.0 8.8 16 lv Transport, transit, logistics
66 74 STREK, SIA 62.10 53.60 16% 16.3 7.5 13 lv Transport, transit, logistics
84 78 BALTIC DEVON MINK, SIA 50.00 49.60 1% 15.2 4.7 13 Manufacturing: consumer goods
76 82 RĪGAS UNIVERSĀLAIS TERMINĀLS, SIA 53.60 47.20 14% 13.6 5.7 24 Transport, transit, logistics
99 44 ALPHA OSTA, SIA 45.30 79.10 -43% 13.4 1.5 26 Transport, transit, logistics
63 63 TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA 65.10 62.30 4% 11.9 7.4 37 Real estate operations
46 42 DELTA PROPERTY, SIA 84.60 82.30 3% 11.4 10.1 16 Real estate operations
78 89 DĪKSNA, SIA 52.80 43.30 22% 11.2 6.9 16 Real estate operations
87 91 STORENT, SIA 49.40 42.40 17% 11.0 5.7 20 Other commercial services
72 - BALTIC COAL TERMINAL, AS 55.00 - - 10.6 5.8 16 lv Transport, transit, logistics
82 - BFIII LATVIA, SIA 51.40 - - 9.0 6.2 11 Real estate operations
88 79 LINSTOW, SIA 49.40 49.60 0% 6.7 5.4 41 Real estate operations

"(K)" placed after names of the companies indicates that a consolidated annual reports were used in preparation of the TOP.

* 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 2014.

** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2014.

1 Consolidation includes "Ventspils nafta" termināls" Ltd., "Latrostrans" Ltd. And JSC "Latvijas Kuģniecība".

2 Turnover and normalized EBITDA for the period 01.05.2013 - 30.04.2014.

3 Consolidated financial reports were not available for the current TOP as compared to the previous year.

4 Consolidated financial reports were used in the current TOP as compared to the previous year.

5 Previously known as JSC "Severstaļlat".


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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