TOP 101 - 2021
Latvia's most valuable enterprises
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TOP 2021 TOP 2020 Company name Value 2021 Value 2020 Change Turnover 2020 EBITDA 2020 CorpGov Score   Industry
1 1 LATVENERGO, AS (K) 2062.2 1653.8 25% 773.4 279.0 90 lv Utility services
2 2 LATVIJAS VALSTS MEŽI, AS (K) 1460.1 1159.4 26% 349.8 120.2 60 lv Extraction of natural resources
7 21 AUGSTSPRIEGUMA TĪKLS, AS (K), 1 506.1 219 131% 144.9 53.4 92 lv Transmission and storage
11 8 TET, SIA (K) 438.1 420.5 4% 222.6 65.6 37 lv IT and telecommunication services
20 10 LATVIJAS DZELZCEĻŠ, VAS (K) 307.6 341 -10% 253.9 31.4 62 lv Transportation, transit, logistics
22 29 VALSTS NEKUSTAMIE ĪPAŠUMI, VAS 260.3 167.3 56% 38.0 14.5 74 lv Real estate operations
23 17 AIR BALTIC CORPORATION, AS (K) 253.9 239 6% 138.9 -65.6 61 lv Transportation, transit, logistics
31 66 RĪGAS SILTUMS, AS (K) 186.1 69.2 169% 151.9 30.4 74 lv Utility services
32 52 RĪGAS ŪDENS, SIA 181.3 87.6 107% 55.7 19.8 62 lv Utility services
43 63 LATVIJAS LOTO, VAS (K) 136.1 72.2 88% 57.1 11.9 64 lv Consumer services
68 61 CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS (K) 99.6 75.5 32% 48.4 8.9 62 lv Other commercial services
78 69 LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS 91.8 67.8 35% 82.5 10.6 65 lv Construction
87 35 STARPTAUTISKĀ LIDOSTA RĪGA, VAS 82.2 134.8 -39% 29.8 -4.1 67 lv Transportation, transit, logistics

"(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.


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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