Companies with biggest annual turnover increase
100 companies with the highest turnover increase in 2020 compared to the turnover of 2019.
Statistics include only companies having the taxation period of at least 10 months and the annual turnover of 2019 of more than 140 thousand EUR.
The statistics do not include banks, insurance companies, credit unions and investment management companies, as well as companies that have not yet submitted their annual reports.
Breakdown of the companies included in the statistics by activity types is available in a separate statistical report.
The reporting year is the year, for which the annual reports are submitted.
Administrative and territorial reform was implemented in Latvia on 01.07.2009. Therefore, it is assumed in these statistics that address of the subjects registered after the reform corresponds to the historical administrative-territorial division.
Lursoft statistics from the information available in the Commercial Register for the period between 01.01.1997 and 22.04.2025.
The statistics were updated on 22.04.2025, at 05:26:50
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2019 |
|---|---|---|---|---|---|
| 1 | Norden Group, Sabiedrība ar ierobežotu atbildību | 46.13 | Agents involved in the sale of timber and building materials | 19,648,856.00 | 118.44 times |
| 2 | Mercaterra Baltic, SIA | 46.19 | Agents involved in the sale of a variety of goods | 9,437,034.00 | 41.19 times |
| 3 | DF Baltics, SIA | 46.90 | Non-specialised wholesale trade | 6,730,729.00 | 35.96 times |
| 4 | Latvia MGI Tech, SIA | 72.11 | Research and experimental development on biotechnology | 6,006,409.00 | 33.07 times |
| 5 | PMX,, SIA | 46.90 | Non-specialised wholesale trade | 10,585,210.00 | 25.59 times |
| 6 | INEKO, SIA | 38.11 | Collection of non-hazardous waste | 8,980,478.00 | 22.08 times |
| 7 | Fresh Food Logistics, SIA | 46.39 | Non-specialised wholesale of food, beverages and tobacco | 14,215,108.00 | 19.43 times |
| 8 | GP Nord, SIA | 46.46 | Wholesale of pharmaceutical goods | 3,270,581.00 | 18.27 times |
| 9 | Kolloss, SIA | 01.42 | Raising of other cattle and buffaloes | 3,576,279.00 | 16.65 times |
| 10 | Jaunā Teika, SIA | 68.10 | Buying and selling of own real estate | 21,846,016.00 | 15.04 times |
| 11 | ZENG, SIA | 41.20 | Construction of residential and non-residential buildings | 9,010,680.00 | 14.93 times |
| 12 | Aleph Latvia, SIA | 73.12 | Media representation | 66,863,990.00 | 14.88 times |
| 13 | XADO Trading, SIA | 46.75 | Wholesale of chemical products | 4,220,063.00 | 14.38 times |
| 14 | RKG Group, SIA | 45.11 | Sale of cars and light motor vehicles | 3,012,372.00 | 12.61 times |
| 15 | LP express, Sabiedrība ar ierobežotu atbildību | 49.41 | Freight transport by road | 3,779,783.00 | 11.67 times |
| 16 | BLE Baltic, SIA | 46.13 | Agents involved in the sale of timber and building materials | 5,248,240.00 | 11.48 times |
| 17 | LPP Latvia ltd, Sabiedrība ar ierobežotu atbildību | 47.71 | Retail sale of clothing in specialised stores | 26,854,784.00 | 11.42 times |
| 18 | VC BALTIC LV, SIA | 46.90 | Non-specialised wholesale trade | 17,981,757.00 | 11.40 times |
| 19 | SLK IMPORT, SIA | 46.63 | Wholesale of mining, construction and civil engineering machinery | 4,709,575.00 | 11.24 times |
| 20 | AZETA,, SIA | 47.73 | Dispensing chemist in specialised stores | 2,981,903.00 | 11.16 times |
| Number of entries | |||||
| Total on page | 20 | ||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2020.
- Against 2019 - Changes in the company’s turnover in 2020 as against the turnover of 2019. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2020 - turnover of 2019) / turnover of 2019) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2020 / turnover of 2019).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.