TOP 101 | Top101.lv

TOP 2021	TOP 2020	Company name	Value 2021	Value 2020	Change	Turnover 2020	EBITDA 2020	CorpGov Score	Industry
1	1	LATVENERGO, AS ^(K)	2062.15	1653.82	25%	773.4	279.0	90	Utility services
2	2	LATVIJAS VALSTS MEŽI, AS ^(K)	1460.07	1159.35	26%	349.8	120.2	60	Extraction of natural resources
3	-	MIKROTĪKLS, SIA ^(K)	1241.27	-	-	358.9	84.2	8	Manufacturing: industrial products
4	6	SWEDBANK, AS ^(K)	964.31	432.56	123%	7694.8	931.0	59	Financial services
5	4	MAXIMA LATVIJA, SIA	608.06	503.50	21%	878.1	68.2	40	Trade: consumer goods
6	3	RIMI LATVIA, SIA	559.06	577.61	-3%	946.5	53.0	37	Trade: consumer goods
7	21	AUGSTSPRIEGUMA TĪKLS, AS ^{(K), 1}	506.10	219.00	131%	144.9	53.4	92	Transmission and storage
8	11	KRONOSPAN RIGA, SIA	471.44	318.39	48%	177.8	33.3	9	Manufacturing: industrial products
9	9	LATVIJAS GĀZE, AS ^{(K), 2}	463.81	377.19	23%	190.5	27.6	95	Utility services
10	24	SEB BANKA, AS ^(K)	458.29	202.63	126%	4268.3	430.2	73	Financial services
11	8	TET, SIA ^(K)	438.06	420.46	4%	222.6	65.6	37	IT and telecommunication services
12	15	ELKO GRUPA, AS ^(K)	432.16	252.44	71%	1914.6	47.8	10	Trade: consumer goods
13	7	LATVIJAS MOBILAIS TELEFONS, SIA ^(K)	423.67	421.72	0%	227.5	73.7	71	IT and telecommunication services
14	12	LATVIJAS FINIERIS, AS ^(K)	421.72	276.78	52%	223.6	33.5	35	Manufacturing: industrial products
15	-	PRINTFUL LATVIA, AS ^{(K), 3}	387.11	-	-	47.3	15.9	10	Other commercial services
16	27	CITADELE BANKA, AS ^(K)	374.57	178.36	110%	4597.3	344.3	84	Financial services
17	-	RECIPE PLUS, AS ⁴	351.43	-	-	198.1	23.1	25	Trade: consumer goods
18	23	SEVERSTAL DISTRIBUTION, SIA ^(K)	322.45	203.58	58%	719.6	33.0	13	Trade: industrial goods
19	31	RIETUMU BANKA, AS ^(K)	319.43	158.17	102%	1469.0	327.7	30	Financial services
20	10	LATVIJAS DZELZCEĻŠ, VAS ^(K)	307.56	341.01	-10%	253.9	31.4	62	Transportation, transit, logistics
21	16	TELE2, SIA	265.38	251.93	5%	138.6	51.8	43	IT and telecommunication services
22	29	VALSTS NEKUSTAMIE ĪPAŠUMI, VAS	260.33	167.34	56%	38.0	14.5	74	Real estate operations
23	17	AIR BALTIC CORPORATION, AS ^(K)	253.86	238.99	6%	138.9	-65.6	61	Transportation, transit, logistics
24	30	DROGAS, AS ^(K)	218.11	162.16	35%	106.5	13.3	11	Trade: consumer goods
25	18	OLYMPIC CASINO LATVIA, SIA	211.72	229.24	-8%	29.9	4.0	28	Consumer services
26	-	JOOM, SIA	208.54	-	-	110.6	18.0	10	Other commercial services
27	28	BITE LATVIJA, SIA ^(K)	196.52	176.53	11%	136.1	41.3	18	IT and telecommunication services
28	32	DEPO DIY, SIA ^(K)	196.32	149.35	31%	356.6	24.4	15	Trade: consumer goods
29	19	ALFOR, SIA	190.26	227.17	-16%	36.2	0.5	23	Consumer services
30	25	URALCHEM TRADING, SIA	187.07	195.63	-4%	181.2	14.6	10	Trade: industrial goods
31	66	RĪGAS SILTUMS, AS ^(K)	186.13	69.22	169%	151.9	30.4	74	Utility services
32	52	RĪGAS ŪDENS, SIA	181.29	87.56	107%	55.7	19.8	62	Utility services
33	36	SCHWENK LATVIJA, SIA	174.65	121.67	44%	91.9	24.9	45	Manufacturing: industrial products
34	13	URALKALI TRADING, SIA	171.34	266.37	-36%	1811.0	-67.9	22	Trade: industrial goods
35	40	AKZ, SIA	166.18	107.93	54%	77.5	13.1	8	Manufacturing: industrial products
36	26	GRINDEKS, AS ^(K)	165.48	178.59	-7%	187.0	27.8	24	Manufacturing: consumer goods
37	33	CIRCLE K LATVIA, SIA	164.08	144.84	13%	369.6	19.4	28	Trade: energy carriers
38	46	OPTIBET, SIA	157.97	96.55	64%	24.4	12.0	11	Consumer services
39	38	UPB, AS ^(K)	157.72	111.97	41%	237.6	20.1	22	Construction
40	39	DOBELES DZIRNAVNIEKS, AS ^(K)	146.31	109.28	34%	173.7	17.2	16	Manufacturing: consumer goods
41	48	SS, SIA	145.30	91.68	58%	8.9	7.4	10	IT and telecommunication services
42	71	M257, SIA ⁵	142.38	66.69	114%	17.6	11.0	13	Real estate operations
43	63	LATVIJAS LOTO, VAS ^(K)	136.05	72.23	88%	57.1	11.9	64	Consumer services
44	34	JOKER LTD, SIA	134.67	144.53	-7%	20.4	2.4	8	Consumer services
45	51	KNAUF, SIA	132.01	88.45	49%	72.7	21.1	21	Manufacturing: industrial products
46	43	FIRMA MADARA 89, SIA	130.39	100.94	29%	164.0	16.3	8	Trade: consumer goods
47	55	TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA	127.93	81.27	57%	12.4	8.3	8	Real estate operations
48	70	SANITEX, SIA ^(K)	123.36	67.78	82%	401.1	13.6	13	Trade: consumer goods
49	45	KREISS, SIA	122.80	99.49	23%	161.1	14.8	6	Transportation, transit, logistics
50	98	C.T.CO, SIA	122.18	51.09	139%	44.3	9.5	10	IT and telecommunication services
51	-	VESELĪBAS CENTRU APVIENĪBA, AS ⁴	121.24	-	-	34.7	7.2	27	Health care
52	57	LIGHT GUIDE OPTICS INTERNATIONAL, SIA ^(K)	120.60	78.46	54%	27.4	9.9	6	Manufacturing: industrial products
53	42	PAUL MASON PROPERTIES, SIA	119.98	101.70	18%	94.3	10.8	10	Trade: consumer goods
54	68	ECO BALTIA, AS ^(K)	118.91	68.00	75%	75.0	9.8	46	Utility services
55	49	EVOLUTION LATVIA, SIA	118.81	89.94	32%	86.3	11.8	8	Other commercial services
56	54	PATA, SIA ^(K)	118.23	85.18	39%	156.4	11.3	21	Manufacturing: industrial products
57	20	OLAINFARM, AS ^{(K), 2}	115.61	222.48	-48%	122.2	20.0	56	Manufacturing: consumer goods
58	60	CERAM OPTEC, SIA	114.09	75.88	50%	35.5	8.9	10	Manufacturing: industrial products
59	99	LATGRAN, SIA	112.08	50.56	122%	85.9	22.3	26	Manufacturing: energy carriers
60	65	SAMSUNG ELECTRONICS BALTICS, SIA	110.75	70.39	57%	373.1	9.8	28	Trade: consumer goods
61	41	STORENT INVESTMENTS, AS ^(K)	110.02	106.91	3%	42.1	6.1	56	Other commercial services
62	-	KARAVELA, SIA	107.56	-	-	66.3	8.3	10	Manufacturing: consumer goods
63	-	TIETO LATVIA, SIA	104.37	-	-	49.8	7.2	23	IT and telecommunication services
64	-	CENTRĀLĀ LABORATORIJA, SIA ⁴	104.22	-	-	31.9	12.7	13	Health care
65	47	NESTE LATVIJA, SIA	103.04	91.94	12%	300.7	11.6	43	Trade: energy carriers
66	77	RĪGAS ELEKTROMAŠĪNBŪVES RŪPNĪCA, AS ^(K)	101.60	63.26	61%	68.7	6.5	16	Manufacturing: industrial products
67	64	BTA BALTIC INSURANCE COMPANY, AAS	100.49	71.43	41%	421.2	71.9	55	Financial services
68	61	CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS ^(K)	99.62	75.48	32%	48.4	8.9	62	Other commercial services
69	75	RĪGAS PIENA KOMBINĀTS, AS ^(K)	99.47	64.43	54%	109.7	13.2	15	Manufacturing: consumer goods
70	84	DOUGLAS BALTIC, SIA ^(K)	99.00	60.21	64%	45.7	6.8	13	Trade: consumer goods
71	87	EFTEN DOMINA, SIA	98.25	56.61	74%	9.9	6.8	10	Real estate operations
72	97	E. GULBJA LABORATORIJA, SIA	96.59	52.31	85%	40.7	8.3	17	Health care
73	96	TAK INVESTĪCIJAS, AS ^(K)	94.98	52.62	81%	52.1	9.1	8	Utility services
74	-	MADARA COSMETICS, AS ^{(K), 2}	94.12	-	-	16.1	4.0	67	Manufacturing: consumer goods
75	59	PINDSTRUP LATVIA, SIA ^(K)	93.39	76.60	22%	69.2	12.1	8	Extraction of natural resources
76	93	BALTA, AAS	92.89	53.96	72%	180.7	64.6	69	Financial services
77	94	GAUJAS KOKS, SIA	92.43	53.02	74%	76.3	9.5	8	Manufacturing: industrial products
78	69	LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS	91.84	67.83	35%	82.5	10.6	65	Construction
79	82	BINDERS, CEĻU BŪVES FIRMA SIA ^(K)	91.81	61.70	49%	107.4	11.7	20	Construction
80	62	MAGNUM MEDICAL, SIA	89.81	74.80	20%	95.6	3.9	27	Trade: consumer goods
81	91	RETTENMEIER BALTIC TIMBER, SIA ^(K)	88.16	54.65	61%	58.5	8.1	11	Manufacturing: industrial products
82	-	ZABBIX, SIA ^(K)	85.98	-	-	11.4	5.1	22	IT and telecommunication services
83	80	4 FINANCE, AS	84.43	61.97	36%	105.3	71.7	12	Financial services
84	-	VALMIERAS STIKLA ŠĶIEDRA, AS ^(K)	83.72	-	-	95.8	13.4	42	Manufacturing: industrial products
85	83	LSREF3 RIGA PLAZA, SIA	83.31	60.30	38%	9.6	4.5	6	Real estate operations
86	78	ORKLA LATVIJA, SIA ^(K)	82.97	62.41	33%	104.3	9.6	37	Manufacturing: consumer goods
87	35	STARPTAUTISKĀ LIDOSTA RĪGA, VAS	82.16	134.80	-39%	29.8	-4.1	67	Transportation, transit, logistics
88	95	KUREKSS, SIA ^(K)	82.00	52.94	55%	60.0	6.5	10	Manufacturing: industrial products
89	37	"VENTSPILS NAFTA" TERMINĀLS, SIA	78.83	116.17	-32%	30.0	7.5	27	Transportation, transit, logistics
90	-	VIRŠI-A, AS ^{(K), 6}	78.00	-	-	171.4	8.1	72	Trade: energy carriers
91	53	MEGO, SIA ^(K)	77.89	86.09	-10%	176.4	8.0	4	Trade: consumer goods
92	79	SPORTLAND, SIA	77.62	62.40	24%	37.5	4.5	12	Trade: consumer goods
93	56	RIGA FERTILIZER TERMINAL, SIA	77.41	78.90	-2%	23.4	9.6	24	Transportation, transit, logistics
94	-	BYKO-LAT, SIA	75.95	-	-	82.7	7.2	21	Manufacturing: industrial products
95	50	SIROWA GROUP, SIA ^(K)	75.17	89.07	-16%	115.5	4.8	11	Trade: consumer goods
96	81	CĒSU ALUS, AS	74.60	61.93	20%	62.2	6.2	37	Manufacturing: consumer goods
97	-	VIKA WOOD, SIA	74.57	-	-	59.9	7.0	23	Manufacturing: industrial products
98	44	LATVIJAS BALZAMS, AS ²	74.45	100.75	-26%	68.6	10.1	81	Manufacturing: consumer goods
99	-	GROGLASS, SIA	73.52	-	-	18.1	6.2	10	Manufacturing: industrial products
100	-	LINDE GAS, SIA	72.89	-	-	21.4	5.8	16	Trade: energy carriers
101	100	LOREAL BALTIC, SIA	72.88	49.76	46%	42.1	5.1	6	Trade: consumer goods

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

^* TOP 101 presents enterprise value, except for banks, other credit institutions and insurance companies for which the respective column presents equity value.

^** For banks, other credit institutions and insurance companies, the column presents book value of total assets as at the end of 2020.

^*** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2020.

¹Since July 21st, 2020, the company owns 68.46% shares of AS "Conexus Baltic Grid". Thus, it is seen the value rise due to the consolidation result.

²Publicly traded companies' valuation is based on the share price and balance sheet snapshot on June 30th, 2021.

³AS "Printful Latvia" and under it consolidated daughter companies' valuation represents only a part of total "Printful" company value.

⁴Is a new company only from technical perspective as it was part of consolidated AS "Repharm" valuation last year. This year consolidated AS "Repharm" annual report was not available.

⁵Real estate of the shopping center "Akropole".

⁶Company was not yet listed on June 30th, 2021. The company valuation is based on the share price at the end of the first trading day and balance sheet snapshot on June 30th, 2021.

TOP 101 - 2021
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TOP 101 - 2021 Latvia's most valuable enterprises Discover your company’s value