TOP 101 - 2023
Latvia's most valuable enterprises
Discover your company’s value

Select filters:

Newcomer
Returnees
Listed
Owner
Sector
TOP 2023 TOP 2022 Company name Value 2023 Value 2022 Change Turnover 2022 EBITDA 2022 CorpGov Score   Industry
59 71 SS, SIA 101.75 93.89 8% 11.0 9.5 6 lv IT and telecommunication services
80 84 LSREF3 RIGA PLAZA, SIA 75.93 78.17 -3% 12.6 5.6 8 Real estate operations
70 78 EFTEN DOMINA, SIA 85.04 87.45 -3% 12.8 5.9 10 Real estate operations
76 - TCK, SIA 7 76.57 - - 12.9 11.9 6 Other commercial services
78 61 TIRDZNIECĪBAS CENTRS PLESKODĀLE, SIA 76.06 112.91 -33% 13.6 3.2 8 Real estate operations
60 86 ZABBIX, SIA (K) 100.56 76.80 31% 17.1 8.9 6 lv IT and telecommunication services
101 - BALTIC CONTAINER TERMINAL, SIA 64.08 - - 19.5 10.6 6 Transportation, transit, logistics
42 53 DELTA PROPERTY, SIA 4 154.44 126.02 23% 19.7 13.1 15 Real estate operations
65 45 BSW LATVIA, SIA 88.15 142.61 -38% 20.2 -0.1 10 Manufacturing: industrial products
31 40 M257, SIA 3 199.27 152.82 30% 21.4 16.5 13 Real estate operations
93 - HTTPOOL LATVIA, SIA 69.66 - - 21.6 10.7 16 IT and telecommunication services
96 - HAWITA BALTIC, SIA (K) 67.25 - - 24.1 10.4 6 Extraction of natural resources
87 - B-BUS, SIA (K) 72.61 - - 29.2 5.4 25 lv Transportation, transit, logistics
33 42 OPTIBET, SIA 186.29 148.34 26% 41.1 21.4 8 Consumer services
54 58 GREN LATVIJA, SIA 121.98 116.69 5% 41.9 10.8 18 Utility services
75 - EMTEKO, SIA 76.65 - - 43.1 11.4 10 Trade: consumer goods
99 - BALTIC BLOCK, SIA 66.17 - - 44.2 12.0 20 lv Manufacturing: industrial products
18 21 VALSTS NEKUSTAMIE ĪPAŠUMI, VAS 310.14 274.27 13% 46.3 20.5 94 lv Real estate operations
34 50 CERAM OPTEC, SIA 184.48 130.97 41% 50.5 19.5 10 Manufacturing: industrial products
45 - DISCOVER CAR HIRE, AS 134.47 - - 50.5 17.3 19 lv IT and telecommunication services
97 - PEPCO LATVIA, SIA 66.97 - - 50.5 8.8 23 Trade: consumer goods
98 - GETLIŅI EKO, SIA 66.81 - - 50.8 8.3 69 lv Other commercial services
55 - PULSAR OPTICS, SIA 121.89 - - 52.6 13.4 6 Manufacturing: industrial products
100 77 CEĻU SATIKSMES DROŠĪBAS DIREKCIJA, VAS 65.61 88.84 -26% 52.7 5.3 95 lv Other commercial services
27 46 LIGHT GUIDE OPTICS INTERNATIONAL, SIA (K) 218.63 141.27 55% 53.1 24.4 4 lv Manufacturing: industrial products
72 90 DOUGLAS BALTIC, SIA (K) 82.79 73.49 13% 57.8 9.0 11 Trade: consumer goods
48 52 C.T.CO, SIA 128.76 127.39 1% 60.6 12.3 15 IT and telecommunication services
43 32 E. GULBJA LABORATORIJA, SIA 145.33 162.74 -11% 62.1 11.3 13 lv Health care
91 - CALJAN LSEZ, SIA 70.54 - - 63.7 6.8 8 Manufacturing: industrial products
68 67 TIETOVERY BANKING LATVIA, SIA 6 86.21 95.39 -10% 64.1 7.4 15 IT and telecommunication services
30 26 RĪGAS ŪDENS, SIA 199.62 193.11 3% 65.7 16.6 100 lv Utility services
95 98 PREMIER RESTAURANTS LATVIA, SIA 68.09 66.78 2% 66.1 6.3 28 Consumer services
62 66 CLEANR GRUPA, AS (K) 97.30 96.54 1% 68.0 9.4 55 lv Utility services
56 72 STIGA RM, SIA (K) 117.22 93.04 26% 69.7 24.5 2 lv Manufacturing: industrial products
83 82 LATVIJAS AUTOCEĻU UZTURĒTĀJS, AS 74.38 81.97 -9% 78.5 7.5 85 lv Construction
49 57 PRINTFUL LATVIA, AS (K), 5 127.21 120.10 6% 78.8 10.9 10 lv Other commercial services
40 55 LATVIJAS LOTO, VAS (K) 167.96 121.29 38% 79.0 16.0 92 lv Consumer services
52 38 RETTENMEIER BALTIC TIMBER, SIA (K) 123.41 153.29 -19% 90.3 15.6 15 Manufacturing: industrial products
89 96 CĒSU ALUS, AS 71.10 67.09 6% 91.2 6.6 30 Manufacturing: consumer goods
39 37 DROGAS, AS 169.11 154.44 9% 93.9 16.8 36 Trade: consumer goods
94 51 BYKO-LAT, SIA 68.97 129.08 -47% 95.1 1.4 35 Manufacturing: industrial products
51 30 KUREKSS, SIA (K) 123.91 163.61 -24% 98.3 14.5 13 lv Manufacturing: industrial products
92 85 LATVIJAS PASTS, VAS 70.06 76.80 -9% 100.0 0.3 95 lv Transportation, transit, logistics
24 15 AKZ, SIA 238.86 348.21 -31% 101.3 22.4 11 lv Manufacturing: industrial products
77 - BALTICOVO, AS 76.21 - - 101.8 13.3 24 lv Manufacturing: consumer goods
53 56 KNAUF, SIA 122.90 120.90 2% 103.2 18.7 29 Manufacturing: industrial products
44 43 VIKA WOOD, SIA 140.69 147.30 -4% 105.6 21.0 25 Manufacturing: industrial products
79 83 AMBER LATVIJAS BALZAMS, AS 2 76.03 79.32 -4% 108.1 8.5 78 Manufacturing: consumer goods
73 75 PAUL MASON PROPERTIES, SIA 82.01 91.27 -10% 108.9 12.1 10 Trade: consumer goods
74 91 ORKLA LATVIJA, SIA (K) 79.93 72.98 10% 111.1 9.8 40 Manufacturing: consumer goods
90 - MERKS, SIA (K) 70.78 - - 113.2 10.7 0 Construction
61 63 EVOLUTION LATVIA, SIA 99.48 100.82 -1% 113.3 13.7 8 Other commercial services
25 28 OLAINFARM, AS (K) 237.51 181.34 31% 120.2 37.9 33 lv Manufacturing: consumer goods
82 89 KRONUS, SIA 75.47 73.53 3% 124.7 12.7 12 lv Manufacturing: industrial products
88 68 RĪGAS PIENA KOMBINĀTS, AS (K) 71.34 95.25 -25% 127.8 4.2 23 Manufacturing: consumer goods
28 25 GAUJAS KOKS, SIA 206.77 231.18 -11% 127.9 29.9 6 lv Manufacturing: industrial products
71 54 STORA ENSO LATVIJA, AS 84.88 125.99 -33% 130.3 7.1 18 Manufacturing: industrial products
37 34 SCHWENK LATVIJA, SIA 174.75 161.09 8% 133.2 28.0 39 Manufacturing: industrial products
66 92 VALMIERAS STIKLA ŠĶIEDRA, AS (K) 88.10 72.65 21% 144.2 15.5 38 Manufacturing: industrial products
20 19 BITE LATVIJA, SIA 294.45 279.56 5% 149.8 51.4 23 IT and telecommunication services
13 13 TELE2, SIA 386.87 393.99 -2% 165.8 64.9 32 IT and telecommunication services
64 - SIROWA GROUP, SIA (K) 93.12 - - 170.7 10.1 8 Trade: consumer goods
47 44 FIRMA MADARA 89, SIA 130.29 144.96 -10% 188.9 13.6 10 lv Trade: consumer goods
86 79 MEGO, SIA (K) 72.94 85.73 -15% 194.1 7.4 6 lv Trade: consumer goods
84 87 BALCIA INSURANCE, SE 73.85 76.05 -3% 196.1 53.0 48 lv Financial services
32 49 LATGRAN, SIA 186.83 134.66 39% 204.2 35.8 36 Manufacturing: energy carriers
67 69 BALTA, AAS 88.08 94.74 -7% 208.9 59.4 79 Financial services
29 36 ECO BALTIA, AS (K) 204.40 154.84 32% 210.0 25.1 58 Utility services
23 29 KREISS, SIA 245.16 170.75 44% 211.1 24.1 6 lv Transportation, transit, logistics
35 33 RĪGAS SILTUMS, AS (K) 180.99 161.52 12% 216.3 20.2 65 lv Utility services
36 41 DOBELES DZIRNAVNIEKS, AS (K) 180.02 150.70 19% 238.7 24.3 24 Manufacturing: consumer goods
38 24 LATVIJAS DZELZCEĻŠ, VAS (K) 171.26 232.93 -26% 254.8 8.3 85 lv Transportation, transit, logistics
17 17 GRINDEKS, AS (K) 318.04 327.75 -3% 257.9 32.6 47 lv Manufacturing: consumer goods
85 - MOLLER BALTIC IMPORT, SE 73.50 - - 286.9 14.8 13 Trade: consumer goods
9 8 LATVIJAS MOBILAIS TELEFONS, SIA (K) 556.14 585.57 -5% 290.9 85.5 61 IT and telecommunication services
7 5 KRONOSPAN RIGA, SIA 613.58 841.06 -27% 300.8 69.4 11 Manufacturing: industrial products
26 22 PATA, SIA (K) 230.69 265.06 -13% 314.4 30.2 21 lv Manufacturing: industrial products
12 10 TET, SIA (K) 429.32 452.81 -5% 326.7 63.4 58 lv IT and telecommunication services
46 59 TOLMETS, SIA (K) 132.78 114.01 16% 328.5 17.9 21 lv Trade: industrial goods
4 4 MIKROTĪKLS, SIA 1182.28 1308.28 -10% 334.3 89.3 10 lv Manufacturing: industrial products
15 14 LATVIJAS FINIERIS, AS (K) 359.18 388.32 -8% 350.0 56.9 42 lv Manufacturing: industrial products
22 31 SMARTLYNX AIRLINES, SIA (K) 252.08 163.09 55% 350.5 42.3 17 Transportation, transit, logistics
6 7 AUGSTSPRIEGUMA TĪKLS, AS (K) 615.93 604.56 2% 351.1 68.3 75 lv Transmission and storage
69 73 VIRŠI-A, AS (K), 2 85.94 91.88 -6% 375.1 12.3 65 lv Trade: energy carriers
50 62 SANITEX, SIA (K) 126.81 108.21 17% 457.5 15.7 9 Trade: consumer goods
81 65 BTA BALTIC INSURANCE COMPANY, AAS 75.58 97.03 -22% 464.7 53.9 51 Financial services
63 70 SAMSUNG ELECTRONICS BALTICS, SIA 95.72 94.50 1% 493.1 11.6 28 Trade: consumer goods
19 48 AIR BALTIC CORPORATION, AS (K) 299.82 139.17 115% 495.5 60.8 71 lv Transportation, transit, logistics
41 35 DEPO DIY, SIA (K) 165.55 157.80 5% 495.6 28.0 11 lv Trade: consumer goods
3 3 LATVIJAS VALSTS MEŽI, AS (K) 2206.14 1341.52 64% 566.7 299.0 98 lv Extraction of natural resources
57 60 NESTE LATVIJA, SIA 105.00 113.18 -7% 566.8 19.5 37 Trade: energy carriers
58 39 CIRCLE K LATVIA, SIA 103.53 153.18 -32% 622.6 15.2 18 Trade: energy carriers
16 20 LATVIJAS GĀZE, AS (K), 2 343.30 275.91 24% 689.8 -6.4 76 Utility services
5 6 MAXIMA LATVIJA, SIA 646.70 650.83 -1% 974.6 71.7 30 Trade: consumer goods
10 9 RIMI LATVIA, SIA 496.28 546.06 -9% 1027.8 50.6 37 Trade: consumer goods
21 18 RIETUMU BANKA, AS (K) 283.02 285.04 -1% 1395.3 345.0 47 lv Financial services
8 11 ELKO GRUPA, AS (K) 576.42 427.17 35% 1427.5 70.9 12 lv Trade: consumer goods
2 2 LATVENERGO, AS (K) 2912.41 2452.29 19% 1841.8 341.5 90 lv Utility services
14 16 CITADELE BANKA, AS (K) 374.67 344.75 9% 5404.3 424.2 84 Financial services
11 12 SEB BANKA, AS (K) 447.62 412.91 8% 5472.8 505.9 85 Financial services
1 1 SWEDBANK BALTICS, AS (K), 1 3397.58 3167.59 7% 41337.0 4185.0 42 Financial services

(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 2022.

*** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2022.

¹SWEDBANK BALTICS, AS is a financial holding company for subsidiary banks in Estonia, Latvia and Lithuania. The company is not comparable to SWEDBANK, AS in previous TOPs.

²Publicly traded companies' valuation is based on the share price and balance sheet snapshot on June 30th, 2023.

³Real estate of the shopping center "Akropole Rīga".

⁴Real estate of the shopping center "Akropole Alfa".

⁵PRINTFUL LATVIA, AS and under it consolidated daughter companies' valuation represents only a part of total "Printful" company value.        

⁶Company changed name during the year 2023. Formerly, in the TOP of 2022, company was listed under the previous name TIETO LATVIA, SIA.

⁷Tārgale wind park.


Comparison between TOP101 and GDP

Read more

Distribution of the value of TOP101 companies, based on capital structure

Read more

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

Read more