TOP 101 | Top101.lv

TOP 2017	TOP 2016	Company name	Value 2017	Value 2016	Change	Turnover 2016	EBITDA 2016	CorpGov Score	Industry
1	1	LATVENERGO, AS	1746.99	1307.41	34%	931.6	390.9	94	Utility services
2	3	LATVIJAS VALSTS MEŽI, AS	893.11	825.73	8%	257.1	90.3	87	Extraction of natural resources
3	8	MIKROTĪKLS, SIA	689.34	418.93	65%	223.3	72.0	29	Manufacturing: industrial products
4	5	LATVIJAS DZELZCEĻŠ, VAS	643.70	562.10	15%	351.1	68.6	94	Transport, transit, logistics
5	2	SWEDBANK, AS	635.75	833.58	-24%	5242.2	712.1	100	Financial services
6	7	LATTELECOM, SIA	468.06	450.63	4%	189.0	63.8	88	IT and telecommunication services
7	11	RIMI LATVIA, SIA	447.05	326.22	37%	830.9	46.2	47	Trade: consumer goods
8	6	VENTSPILS NAFTA, AS	432.42	472.83	-9%	164.0	67.9	29	Transport, transit, logistics
9	14	RIETUMU BANKA, AS	394.25	297.23	33%	3473.6	479.2	57	Financial services
10	12	SEB BANKA, AS	387.54	323.56	20%	3523.9	434.1	100	Financial services
11	15	KRONOSPAN RIGA, SIA	376.32	287.85	31%	176.8	53.6	6	Manufacturing: industrial products
12	10	OLAINFARM, AS	354.14	348.11	2%	110.7	24.4	100	Manufacturing: consumer goods
13	16	MAXIMA LATVIJA, SIA	353.86	269.65	31%	693.8	35.1	66	Trade: consumer goods
14	9	LATVIJAS MOBILAIS TELEFONS, SIA	338.05	363.20	-7%	189.9	64.9	85	IT and telecommunication services
15	19	REPHARM, AS	306.37	248.47	23%	229.0	30.9	16	Trade: consumer goods
16	18	LATVIJAS FINIERIS, AS	290.72	251.31	16%	213.4	32.5	38	Manufacturing: industrial products
17	22	OLYMPIC CASINO LATVIA, SIA	274.41	206.20	33%	51.6	25.3	47	Consumer services
18	26	ABLV BANK, AS	272.62	186.57	46%	3973.3	318.3	77	Financial services
19	25	LUMINOR BANK, AS	261.04	190.08	37%	2259.2	302.5	81	Financial services
20	24	ALFOR, SIA	260.47	190.09	37%	65.1	24.5	47	Consumer services
21	21	STARPTAUTISKĀ LIDOSTA RĪGA, VAS	246.66	216.20	14%	50.4	16.3	91	Transport, transit, logistics
22	17	URALCHEM TRADING, SIA	232.68	258.74	-10%	784.2	19.3	16	Trade: industrial goods
23	20	CIRCLE K LATVIA, SIA	228.92	229.80	0%	368.2	29.6	36	Trade: energy carriers
24	29	CITADELE BANKA, AS	221.79	151.09	47%	3349.5	254.2	87	Financial services
25	27	ELKO GRUPA, AS	220.35	153.30	44%	1139.2	23.9	46	Trade: consumer goods
26	13	RĪGAS TIRDZNIECĪBAS OSTA, SIA	219.86	320.35	-31%	174.3	29.1	19	Transport, transit, logistics
27	30	AMBER BEVERAGE GROUP, SIA	216.00	143.57	50%	256.5	19.1	38	Manufacturing/Trade: consumer goods
28	28	GRINDEKS, AS	211.90	151.77	40%	105.4	22.8	91	Manufacturing: consumer goods
29	-	URALKALI TRADING, SIA	202.62	-	-	1795.4	33.2	16	Trade: industrial goods
30	31	KREISS, SIA	183.25	136.61	34%	155.6	19.9	32	Transport, transit, logistics
31	32	VALSTS NEKUSTAMIE ĪPAŠUMI, VAS	171.41	133.42	28%	50.7	20.2	83	Real estate operations
32	-	TELE2, SIA	165.97	-	-	111.2	31.3	68	IT and telecommunication services
33	36	VALMIERAS STIKLA ŠĶIEDRA, AS	162.73	124.88	30%	124.8	17.5	94	Manufacturing: industrial products
34	34	DROGAS, AS	146.60	129.05	14%	99.3	12.8	52	Trade: consumer goods
35	33	AGROLATS HOLDING, AS	145.15	132.31	10%	286.8	8.6	50	Manufacturing: consumer goods
36	37	LATGRAN, SIA	138.33	123.71	12%	86.7	21.7	14	Manufacturing: energy carriers
37	38	NESTE LATVIJA, SIA	128.66	122.40	5%	276.4	13.3	65	Trade: energy carriers
38	45	JOKER LTD, SIA	125.91	89.97	40%	33.0	13.1	19	Consumer services
39	42	KNAUF, SIA	119.47	97.21	23%	54.0	14.7	33	Manufacturing: industrial products
40	41	DEPO DIY, SIA	114.59	101.52	13%	205.4	16.6	24	Trade: consumer goods
41	35	4 FINANCE, AS	108.74	128.17	-15%	167.4	65.3	23	Financial services
42	39	PLESKO REAL ESTATE, SIA	108.46	109.18	-1%	30.7	11.0	30	Real estate operations
43	-	GRF, SIA	107.24	-	-	127.2	11.7	30	Construction
44	59	SEVERSTAL DISTRIBUTION, SIA	99.56	64.75	54%	286.6	14.4	34	Trade: industrial goods
45	55	ADMIRĀĻU KLUBS, SIA	93.41	67.91	38%	28.9	9.1	37	Consumer services
46	48	BITE LATVIJA, SIA	89.38	79.45	12%	79.7	18.8	36	IT and telecommunication services
47	49	AKZ, SIA	86.46	76.69	13%	63.0	9.3	32	Manufacturing: industrial products
48	44	DELTA PROPERTY, SIA	86.09	90.94	-5%	12.2	9.5	16	Real estate operations
49	60	BALCIA INSURANCE, SE	85.39	61.96	38%	173.0	58.9	41	Financial services
50	46	RĪGAS SILTUMS, AS	85.15	89.78	-5%	145.6	13.2	87	Utility services
51	79	NORVIK BANKA, AS	83.81	50.96	64%	1001.9	101.2	60	Financial services
52	51	LATVIJAS GAISA SATIKSME, VAS	83.53	73.28	14%	24.5	5.0	94	Transport, transit, logistics
53	64	PINDSTRUP LATVIA, SIA	82.83	59.33	40%	58.4	10.6	32	Extraction of natural resources
54	47	VIESNĪCA "LATVIJA", AS	82.82	82.56	0%	21.2	6.5	52	Consumer services
55	56	ORLEN LATVIJA, SIA	81.95	67.36	22%	356.1	4.5	56	Trade: energy carriers
56	57	UPB, AS	81.46	66.22	23%	147.5	10.8	26	Construction
57	40	CEMEX, SIA	78.17	103.83	-25%	58.0	5.9	48	Manufacturing: industrial products
58	-	TRANSACT PRO, SIA	77.72	-	-	17.3	6.5	27	Financial services
59	87	CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS	76.90	47.49	62%	43.7	7.5	94	Other commercial services
60	53	TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA	76.64	71.45	7%	13.3	8.8	31	Real estate operations
61	83	LATVIJAS LOTO, VAS	75.70	48.57	56%	29.4	6.5	85	Consumer services
62	66	LATVIJAS AUTOCEĻU UZTURĒTĀJS, VAS	75.22	58.95	28%	64.5	8.6	91	Construction
63	62	DOBELES DZIRNAVNIEKS, AS	71.19	60.67	17%	89.8	7.6	36	Manufacturing: consumer goods
64	68	JELD-WEN LATVIJA, SIA	70.89	58.25	22%	72.2	6.7	36	Manufacturing: industrial products
65	72	AKG THERMOTECHNIK LETTLAND, SIA	70.23	55.25	27%	30.7	6.6	33	Manufacturing: industrial products
66	77	SAMSUNG ELECTRONICS BALTICS, SIA	68.75	53.44	29%	281.0	6.4	36	Trade: consumer goods
67	95	PATA, SIA	67.30	42.72	58%	134.5	7.5	35	Manufacturing: industrial products
68	65	BALTICOVO, AS	65.62	59.30	11%	44.6	6.1	46	Manufacturing: consumer goods
69	50	RIGA FERTILIZER TERMINAL, SIA	65.16	75.92	-14%	29.3	11.6	18	Transport, transit, logistics
70	93	MEGO, SIA	64.82	43.10	50%	140.7	7.6	21	Trade: consumer goods
71	58	RĪGAS ŪDENS, SIA	64.79	65.93	-2%	46.5	12.7	60	Utility services
72	76	LATVIJAS PASTS, VAS	64.27	54.29	18%	63.1	5.3	80	Transport, transit, logistics
73	75	TIETO LATVIA, SIA	63.89	54.31	18%	39.4	5.1	36	IT and telecommunication services
74	82	FIRMA MADARA 89, SIA	63.84	49.30	29%	75.5	7.0	31	Trade: consumer goods
75	69	GAUJAS KOKS, SIA	63.02	57.93	9%	65.8	6.7	29	Manufacturing: industrial products
76	-	RĪGAS PIENA KOMBINĀTS, AS	62.16	-	-	83.8	7.4	36	Manufacturing: consumer goods
77	74	BELAM-RĪGA, SIA	61.76	55.07	12%	17.0	4.0	29	Other commercial services
78	-	EVOLUTION LATVIA, SIA	58.12	-	-	58.3	7.4	30	Other commercial services
79	-	SS, SIA	57.44	-	-	5.5	5.1	27	IT and telecommunication services
80	90	STORA ENSO PACKAGING, SIA	57.44	43.93	31%	40.0	6.5	52	Manufacturing: industrial products
81	80	PAULA STRADIŅA KLĪNISKĀ UNIVERSITĀTES SLIMNĪCA, VSIA	56.58	50.87	11%	87.0	4.1	52	Health care
82	100	LATVIJAS VALSTS RADIO UN TELEVĪZIJASCENTRS, VAS	56.26	41.83	34%	15.1	5.7	45	IT and telecommunication services
83	85	STORENT, SIA	56.07	47.95	17%	11.2	6.6	18	Other commercial services
84	70	BALTCOM, SIA	55.74	57.60	-3%	17.7	4.3	22	IT and telecommunication services
85	-	AIR BALTIC CORPORATION, AS	54.54	-	-	295.7	14.2	58	Transport, transit, logistics
86	86	CĒSU ALUS, AS	54.44	47.65	14%	47.3	5.2	63	Manufacturing: consumer goods
87	-	RIGENSIS BANK, AS	54.03	-	-	340.9	61.9	87	Financial services
88	-	BTA BALTIC INSURANCE COMPANY, AAS	53.79	-	-	164.5	34.1	84	Financial services
89	101	AGA, SIA	51.28	41.67	23%	19.6	4.8	34	Trade: energy carriers
90	63	DĪKSNA, SIA	51.23	59.82	-14%	8.1	4.6	16	Real estate operations
91	96	NARVESEN BALTIJA, SIA	51.06	42.53	20%	75.1	5.0	38	Trade: consumer goods
92	67	AMIC LATVIA, SIA	50.72	58.70	-14%	41.6	2.7	16	Trade: energy carriers
93	89	STORA ENSO LATVIJA, AS	50.61	44.71	13%	51.8	5.4	52	Manufacturing: industrial products
94	-	TV 3 LATVIA, SIA	49.09	-	-	17.0	5.5	56	Consumer services
95	-	BlueOrange BANK, AS	49.00	-	-	653.0	58.4	67	Financial services
96	52	BALTIC CONTAINER TERMINAL, SIA	47.79	72.36	-34%	15.2	8.5	13	Transport, transit, logistics
97	84	EXPOBANK, AS	47.65	48.08	-1%	378.5	57.1	64	Financial services
98	81	LINSTOW, SIA	47.56	50.04	-5%	6.8	4.9	42	Real estate operations
99	54	STREK, SIA	46.98	69.67	-33%	21.8	7.5	23	Transport, transit, logistics
100	99	MAGNUM MEDICAL, SIA	46.96	42.21	11%	83.2	4.8	20	Trade: consumer goods
101	-	BYKO-LAT, SIA	46.84	-	-	61.1	5.1	29	Manufacturing: industrial products

"(K)" placed after company names indicates that consolidated annual reports were used in preparation for the TOP.

AS "Latvijas Gāze" has not been included in TOP101 due to the fact that on April 3, 2017 natural gas transfer and storage services have been separated from AS "Latvijas Gāze" to the new company AS "Conexus Baltic Grid", thus making essential changes in business model of AS "Latvijas Gaze". Respecticely financial indicators of AS "Latvijas Gaze" for 2016 cannot be used for determination of AS "Latvijas Gāze" value for the needs of TOP101 for year 2017.

* TOP 101 presents enterprise value, except for banks, other credit institutions and insurance companies for which 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 2016.

** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2016.

¹ Consolidation includes ""Ventspils nafta" termināls" Ltd., "LatRosTrans" Ltd. and JSC "Latvijas Kuģniecība".

² The company name is now changed from JSC "DNB banka" to JSC "Luminor Bank". The equity value is calculated based on JSC "DNB banka" consolidated annual report of 2016.

³ Turnover and normalized EBITDA for the period 15.07.2015 - 31.12.2016.

⁴ "Tele2" Ltd. is new in TOP only technically, as last year it was included in the consolidatated annual report of "Tele2 Holdings" Ltd., which is now reorganized.

TOP 101 - 2017
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TOP 101 value of the last company present in TOP, million EUR

TOP 101 - 2017 Latvia's most valuable enterprises Discover your company’s value