TOP 101 | Top101.lv

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

TOP 101 - 2023
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