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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 09:27

Latvenergo named Latvia's most valuable company again in 2019

BC, Riga, 18.10.2019.Print version
Power utility Latvenergo has been named Latvia's most valuable company for 11th year in a row, according to the latest annual Top 101 of Latvia's most valuable enterprises, writes LETA.

The total value of Latvenergo this year is estimated at EUR 1.568 bn, which though is 8% less than last year.


The company's head Aris Zigurs says that the ranking could change next year as the Cabinet of Ministers recently decided that Latvenergo's subsidiary Latvijas Elektriskie Tikli, manager of Latvian power transmission network assets, would become subsidiary of the joint-stock power transmission company Augstsprieguma Tikls. Latvenergo's value will decrease as a result.


State forest management company Latvijas Valsts Mezi is ranked second with the company's value estimated at EUR 753.89 mln, and network equipment manufacturer Mikrotikls is in third place with the company's value estimated at EUR 611.62 mln.

Fourth on the list is Swedbank, with the company's value estimated at EUR 590.89 mln, followed by Rimi Latvija (EUR 544.24 mln), Latvijas Mobilais Telefons (EUR 524.07 mln), Tet (EUR 460.72 mln), Latvijas Dzelzcels (EUR 420.04 mln), Repharm (EUR 401.03 mln), and Maxima Latvija (EUR 397.04 mln) is in tenth place.

Latvenergo is also the only Latvian company that has made it to the Top 10 most valuable Baltic companies, where Latvenergo ranks fifth.


The most valuable Baltic companies this year are Vilniaus Prekyba, Swedbank Group, Tallink Group, Thermo Fisher Scientific Baltics, Latvenergo, SEB Group, Eesti Energia, Luminor Group, Lietuvos Gelezinkeliai, and Ignitis Grupe.


Top 101 of Latvia's most valuable enterprises has been collated since 2005 by Prudentia and Nasdaq Riga in cooperation with Firmas.lv.

 






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