Companies with biggest annual turnover
100 companies with the highest annual turnover in 2023, comparing their changes with the last three years.
Statistics include only companies having the taxation period of at least 10 months.
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.
n/d - no data
Lursoft statistics from the information available in the Commercial Register for the period between 01.01.2000 and 13.04.2025.
The statistics were updated on 13.04.2025, at 13:15:19
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2022 | Against 2021 | Against 2020 |
|---|---|---|---|---|---|---|---|
| 1 | Latvenergo, Akciju sabiedrība | 35.11 | Production of electricity | 1,397,179,000.00 | 13% | 2.36 times | 3.62 times |
| 2 | RIMI LATVIA, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 1,075,747,428.00 | 5% | 6% | 14% |
| 3 | MAXIMA Latvija, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 1,073,398,785.00 | 10% | 17% | 22% |
| 4 | ORLEN Latvija, SIA | 46.71 | Wholesale of solid, liquid and gaseous fuels and related products | 827,882,635.00 | -24% | 70% | 2.65 times |
| 5 | Air Baltic Corporation, AS | 51.10 | Passenger air transport | 660,493,000.00 | 34% | 3.37 times | 4.86 times |
| 6 | Latvijas valsts meži, Akciju sabiedrība | 02.10 | Silviculture and other forestry activities | 626,018,844.00 | 10% | 54% | 79% |
| 7 | Circle K Latvia, SIA | 47.30 | Retail sale of automotive fuel in specialised stores | 575,969,989.00 | -7% | 25% | 56% |
| 8 | ELKO GRUPA, Akciju sabiedrība | 46.51 | Wholesale of computers, computer peripheral equipment and software | 541,367,559.00 | -9% | -28% | -10% |
| 9 | Sanitex, SIA | 46.90 | Non-specialised wholesale trade | 493,101,042.00 | 9% | 20% | 24% |
| 10 | Samsung Electronics Baltics, SIA | 46.43 | Wholesale of electrical household appliances | 486,105,374.00 | -1% | 15% | 30% |
| 11 | NESTE LATVIJA, Sabiedrība ar ierobežotu atbildību | 47.30 | Retail sale of automotive fuel in specialised stores | 485,651,188.00 | -14% | 26% | 62% |
| 12 | Lidl Latvija, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 470,604,821.00 | 6% | 4.64 times | 650.95 times |
| 13 | RĪGAS SILTUMS, Akciju sabiedrība | 35.30 | Steam and air conditioning supply | 441,999,994.00 | 2.04 times | 3.02 times | 2.91 times |
| 14 | LATVIJAS FINIERIS, Akciju sabiedrība | 16.21 | Manufacture of veneer sheets and wood-based panels | 404,821,425.00 | 15% | 60% | 84% |
| 15 | Mikrotīkls, Sabiedrība ar ierobežotu atbildību | 26.30 | Manufacture of communication equipment | 401,597,172.00 | 20% | 7% | 14% |
| 16 | DEPO DIY, SIA | 47.19 | Other retail sale in non-specialised stores | 358,063,670.00 | 7% | 37% | 35% |
| 17 | Sadales tīkls, Akciju sabiedrība | 35.13 | Distribution of electricity | 343,332,000.00 | 14% | 13% | 16% |
| 18 | SMARTLYNX AIRLINES, SIA | 51.10 | Passenger air transport | 339,027,256.00 | 44% | 3.35 times | 10.19 times |
| 19 | Moller Baltic Import, SE | 45.11 | Sale of cars and light motor vehicles | 332,119,265.00 | 16% | 41% | 73% |
| 20 | Pirmas, SIA | 46.71 | Wholesale of solid, liquid and gaseous fuels and related products | 278,214,461.00 | -17% | 24% | 66% |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2023.
- Against 2022 - Changes in the company’s turnover in 2023 as against the turnover of 2022. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2023 - turnover of 2022) / turnover of 2022) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2023 / turnover of 2022).
- Against 2021 - Changes in the company’s turnover in 2023 as against the turnover of 2021. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2023 - turnover of 2021) / turnover of 2021) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2023 / turnover of 2021).
- Against 2020 - Changes in the company’s turnover in 2023 as against the turnover of 2020. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2023 - turnover of 2020) / turnover of 2020) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2023 / turnover of 2020).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.