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TOP 101 - 2018
Latvia's most valuable enterprises
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TOP 101 - 2018
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Estonia's TOP 101 Estonia's TOP 101 most valuable enterprises - TOP101

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TOP 2018 TOP 2017 Company name Value 2018 Value 2017 Change Turnover 2017 EBITDA 2017 CorpGov Score   Industry
1 1 LATVENERGO, AS 1704.91 1746.99 -2% 925.6 397.2 94 lv Utility services
2 2 LATVIJAS VALSTS MEŽI, AS 770.50 893.11 -14% 276.0 100.6 90 lv Extraction of natural resources
4 3 MIKROTĪKLS, SIA 650.47 689.34 -6% 251.6 70.2 29 lv Manufacturing: industrial products
5 4 LATVIJAS DZELZCEĻŠ, VAS 536.04 643.70 -17% 318.6 42.7 94 lv Transport, transit, logistics
3 5 SWEDBANK, AS 664.21 635.75 4% 5292.7 752.4 97 Financial services
8 6 LATTELECOM, SIA 415.22 468.06 -11% 199.6 68.1 91 lv IT and telecommunication services
7 7 RIMI LATVIA, SIA 442.23 447.05 -1% 870.4 53.7 40 Trade: consumer goods
10 9 RIETUMU BANKA, AS 384.75 394.25 -2% 3009.6 468.5 59 lv Financial services
11 10 SEB BANKA, AS 358.46 387.54 -8% 3688.1 403.9 100 Financial services
17 11 KRONOSPAN RIGA, SIA 294.63 376.32 -22% 186.8 33.5 11 Manufacturing: industrial products
18 12 OLAINFARM, AS 293.67 354.14 -17% 122.1 20.3 96 lv Manufacturing: consumer goods
13 13 MAXIMA LATVIJA, SIA 351.09 353.86 -1% 723.1 37.8 66 Trade: consumer goods
9 14 LATVIJAS MOBILAIS TELEFONS, SIA 410.49 338.05 21% 204.3 66.5 83 IT and telecommunication services
14 15 REPHARM, AS 350.04 306.37 14% 245.7 31.7 11 lv Trade: consumer goods
22 16 LATVIJAS FINIERIS, AS 256.95 290.72 -12% 229.1 34.3 38 lv Manufacturing: industrial products
25 17 OLYMPIC CASINO LATVIA, SIA 231.86 274.41 -16% 61.9 28.9 40 Consumer services
28 20 ALFOR, SIA 219.18 260.47 -16% 72.6 26.6 40 Consumer services
23 21 STARPTAUTISKĀ LIDOSTA RĪGA, VAS 238.07 246.66 -3% 54.6 18.1 91 lv Transport, transit, logistics
16 22 URALCHEM TRADING, SIA 295.82 232.68 27% 871.6 43.7 21 Trade: industrial goods
31 23 CIRCLE K LATVIA, SIA 191.38 228.92 -16% 387.5 26.2 36 Trade: energy carriers
26 24 CITADELE BANKA, AS 228.91 221.79 3% 3311.8 268.9 77 Financial services
20 25 ELKO GRUPA, AS 269.48 220.35 22% 1408.5 34.2 46 Trade: consumer goods
21 26 RĪGAS TIRDZNIECĪBAS OSTA, SIA 263.79 219.86 20% 176.7 34.7 19 lv Transport, transit, logistics
30 27 AMBER BEVERAGE GROUP, SIA 214.16 216.00 -1% 312.1 18.7 27 Manufacturing/Trade: consumer goods
29 28 GRINDEKS, AS 214.49 211.90 1% 132.4 17.6 91 lv Manufacturing: consumer goods
19 29 URALKALI TRADING, SIA 286.01 202.62 41% 2055.1 40.4 16 Trade: industrial goods
34 30 KREISS, SIA 160.15 183.25 -13% 173.3 19.2 32 lv Transport, transit, logistics
32 31 VALSTS NEKUSTAMIE ĪPAŠUMI, VAS 184.86 171.41 8% 40.4 19.3 83 lv Real estate operations
27 32 TELE, SIA 221.41 165.97 33% 125.2 42.1 61 IT and telecommunication services
36 33 VALMIERAS STIKLA ŠĶIEDRA, AS 141.48 162.73 -13% 125.9 18.6 74 Manufacturing: industrial products
35 34 DROGAS, AS 142.39 146.60 -3% 103.1 13.9 52 Trade: consumer goods
39 35 AGROLATS HOLDING, AS 123.84 145.15 -15% 188.9 7.4 30 lv Manufacturing: consumer goods
42 36 LATGRAN, SIA 119.28 138.33 -14% 59.2 8.9 16 Manufacturing: energy carriers
44 37 NESTE LATVIJA, SIA 105.54 128.66 -18% 280.5 13.4 70 Trade: energy carriers
41 38 JOKER LTD, SIA 119.67 125.91 -5% 38.7 17.1 12 Consumer services
43 39 KNAUF, SIA 109.10 119.47 -9% 58.5 13.9 33 Manufacturing: industrial products
45 40 DEPO DIY, SIA 99.17 114.59 -13% 238.3 16.1 24 lv Trade: consumer goods
38 41 FINANCE, AS 136.39 108.74 25% 162.7 82.8 27 Financial services
33 44 SEVERSTAL DISTRIBUTION, SIA 162.57 99.56 63% 415.4 25.6 32 Trade: industrial goods
64 45 ADMIRĀĻU KLUBS, SIA 76.70 93.41 -18% 31.0 8.7 32 Consumer services
40 46 BITE LATVIJA, SIA 120.68 89.38 35% 92.9 23.2 25 IT and telecommunication services
55 47 AKZ, SIA 83.12 86.46 -4% 65.3 12.8 32 lv Manufacturing: industrial products
50 48 DELTA PROPERTY, SIA 89.16 86.09 4% 12.2 10.6 16 Real estate operations
48 49 BALCIA INSURANCE, SE 92.30 85.39 8% 194.6 55.1 41 lv Financial services
63 50 RĪGAS SILTUMS, AS 77.98 85.15 -8% 152.3 14.3 85 lv Utility services
52 52 LATVIJAS GAISA SATIKSME, VAS 86.33 83.53 3% 27.7 7.3 94 lv Transport, transit, logistics
49 53 PINDSTRUP LATVIA, SIA 89.89 82.83 9% 69.4 11.1 21 Extraction of natural resources
57 54 VIESNĪCA LATVIJA, AS 82.85 82.82 0% 22.8 8.1 52 Consumer services
66 56 UPB, AS 73.90 81.46 -9% 149.6 10.6 26 lv Construction
47 57 CEMEX, SIA 93.91 78.17 20% 78.1 15.3 43 Manufacturing: industrial products
78 58 TRANSACT PRO, SIA 61.88 77.72 -20% 15.6 5.8 27 lv Financial services
56 59 CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS 82.98 76.90 8% 45.7 8.0 94 lv Other commercial services
62 60 TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA 80.08 76.64 4% 13.8 9.4 20 Real estate operations
69 61 LATVIJAS LOTO, VAS 68.95 75.70 -9% 36.7 7.5 85 lv Consumer services
73 62 LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS 65.86 75.22 -12% 62.6 7.8 94 lv Construction
61 63 DOBELES DZIRNAVNIEKS, AS 80.23 71.19 13% 116.4 11.2 28 Manufacturing: consumer goods
83 64 JELD-WEN LATVIJA, SIA 57.11 70.89 -19% 74.8 7.4 36 Manufacturing: industrial products
76 65 AKG THERMOTECHNIK LETTLAND, SIA 64.06 70.23 -9% 32.4 6.2 33 Manufacturing: industrial products
77 66 SAMSUNG ELECTRONICS BALTICS, SIA 62.30 68.75 -9% 297.4 6.0 38 Trade: consumer goods
68 67 PATA, SIA 70.47 67.30 5% 161.1 9.4 23 lv Manufacturing: industrial products
54 68 BALTICOVO, AS 83.50 65.62 27% 52.3 12.0 48 lv Manufacturing: consumer goods
51 69 RIGA FERTILIZER TERMINAL, SIA 86.81 65.16 33% 28.8 11.3 18 Transport, transit, logistics
65 70 MEGO, SIA 74.41 64.82 15% 150.4 10.0 15 lv Trade: consumer goods
88 71 RĪGAS ŪDENS, SIA 53.60 64.79 -17% 46.4 11.1 60 lv Utility services
87 72 LATVIJAS PASTS, VAS 53.75 64.27 -16% 75.6 4.8 94 lv Transport, transit, logistics
90 73 TIETO LATVIA, SIA 51.21 63.89 -20% 37.2 2.9 31 IT and telecommunication services
75 74 FIRMA MADARA 89, SIA 64.26 63.84 1% 104.6 8.5 29 lv Trade: consumer goods
89 75 GAUJAS KOKS, SIA 52.41 63.02 -17% 60.8 6.4 19 lv Manufacturing: industrial products
82 76 RĪGAS PIENA KOMBINĀTS, AS 57.47 62.16 -8% 82.4 6.3 27 Manufacturing: consumer goods
67 77 BELAM-RĪGA, SIA 71.41 61.76 16% 24.8 7.1 29 lv Other commercial services
60 78 EVOLUTION LATVIA, SIA 81.77 58.12 41% 73.5 10.5 32 Other commercial services
74 79 SS, SIA 64.76 57.44 13% 6.8 6.2 27 lv IT and telecommunication services
85 80 STORA ENSO PACKAGING, SIA 54.68 57.44 -5% 43.3 5.4 32 Manufacturing: industrial products
101 81 PAULA STRADIŅA KLĪNISKĀ UNIVERSITĀTES SLIMNĪCA, VSIA 47.06 56.58 -17% 89.6 4.0 54 lv Health care
92 82 LATVIJAS VALSTS RADIO UN TELEVĪZIJAS CENTRS, VAS 49.97 56.26 -11% 16.5 5.8 50 lv IT and telecommunication services
58 85 AIR BALTIC CORPORATION, AS 82.28 54.54 51% 353.6 32.8 65 lv Transport, transit, logistics
80 86 CĒSU ALUS, AS 58.81 54.44 8% 54.3 6.4 63 Manufacturing: consumer goods
86 87 RIGENSIS BANK, AS 54.43 54.03 1% 288.7 62.8 87 Financial services
46 88 BTA BALTIC INSURANCE COMPANY, AAS 96.80 53.79 80% 289.1 53.0 84 Financial services
93 89 AGA, SIA 49.68 51.28 -3% 20.8 5.4 34 Trade: energy carriers
99 94 ALL MEDIA LATVIA, SIA 6 47.39 49.09 -3% 18.5 5.9 21 Consumer services
95 95 BlueOrange Bank, AS 48.33 49.00 -1% 657.1 57.9 67 lv Financial services
71 96 BALTIC CONTAINER TERMINAL, SIA 66.82 47.79 40% 16.8 9.5 11 lv Transport, transit, logistics
100 98 LINSTOW, SIA 47.30 47.56 -1% 6.8 5.1 42 Real estate operations
70 99 STREK, SIA 68.32 46.98 45% 21.9 9.6 23 lv Transport, transit, logistics
84 100 MAGNUM MEDICAL, SIA 55.08 46.96 17% 88.1 5.1 20 Trade: consumer goods
6 - LUMINOR BANK, AS 450.03 - 0% 4738.9 524.6 81 Financial services
12 - LATVIJAS GĀZE, AS 358.17 - - 331.0 36.2 91 Utility services
15 - LATVIJAS KUĢNIECĪBA, AS 318.01 - - 82.4 34.2 20 Transport, transit, logistics
24 - CONEXUS BALTIC GRID, AS 232.21 - - 51.4 24.5 91 Transport, transit, logistics
37 - "VENTSPILS NAFTA" TERMINĀLS, SIA 138.89 - - 52.8 21.2 28 Transport, transit, logistics
53 - STORENT INVESTMENTS, AS 5 86.10 - - 38.7 12.1 56 Other commercial services
59 - SIROWA GROUP, SIA 81.90 - - 111.1 6.4 26 Trade: consumer goods
72 - CIDO GRUPA, SIA 65.87 - - 62.7 7.5 30 Manufacturing: consumer goods
79 - ORKLA CONFECTIONERY & SNACKS LATVIJA, SIA 59.12 - - 81.1 6.9 42 Trade: consumer goods
81 - LIGHT GUIDE OPTICS INTERNATIONAL, SIA 57.57 - - 18.3 8.2 30 lv Manufacturing: industrial products
91 - GROGLASS, SIA 51.13 - - 17.3 6.7 14 Manufacturing: industrial products
94 - BALTA, AAS 48.51 - - 108.8 26.6 83 Financial services
96 - TAK INVESTĪCIJAS, AS 48.08 - - 49.2 7.1 13 lv Utility services
97 - LSREF RIGA PLAZA, SIA 47.95 - - 11.3 6.9 11 Real estate operations
98 - RĪGAS PIENSAIMNIEKS, SIA 47.95 - - 33.5 5.0 19 Manufacturing: 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 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 2017.

** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2017.

1 In the 2017 TOP 101 JSC "Luminor Bank" financial statement included only JSC "DNB banka" financial data.

2 Even though the annual report of JSC "Latvijas Gāze" for 2016 was available, JSC "Latvijas Gāze" was not included in 2017 TOP 101 due to the company's reorganization process.

3 Company has been merged out from the last year TOP 101 participant JSC "Ventspils Nafta".

4 Company has been merged out from the last year TOP 101 participant JSC "Ventspils Nafta".

5 Company subsidiary Storent, SIA was listed in the 2017 TOP 101.

6 Company has changed its name. It was listed under the TV 3 Latvia, SIA name in the 2017 TOP 101.

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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