Companies with biggest annual turnover
100 companies with the highest annual turnover in 2002, 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 26.04.2025.
The statistics were updated on 26.04.2025, at 01:28:12
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2001 | Against 2000 | Against 1999 |
|---|---|---|---|---|---|---|---|
| 1 | Latvenergo, Akciju sabiedrība | 40.30 | Steam and hot water supply | 262,809,426.00 | 4% | 11% | 10% |
| 2 | Tet, Sabiedrība ar ierobežotu atbildību | 64.20 | Telecommunications | 204,695,289.00 | 0% | 5% | 13% |
| 3 | ELKO GRUPA, Akciju sabiedrība | 51.64 | Wholesale of office machinery and equipment | 202,712,486.00 | 62% | 6.40 times | 8.88 times |
| 4 | Latvijas Mobilais Telefons, SIA | 64.20 | Telecommunications | 163,621,721.00 | 9% | 33% | 78% |
| 5 | Latvijas dzelzceļš, Valsts akciju sabiedrība | 60.10 | Transport via railways | 159,430,478.00 | 9% | 15% | 1% |
| 6 | Latvijas Gāze, Akciju sabiedrība | 63.12 | Storage and warehousing | 141,885,174.00 | 2% | 14% | 19% |
| 7 | KUZOLIS 64, Sabiedrība ar ierobežotu atbildību(Dissolved 11.05.2009) | 74.84 | Other business activities n.e.c. | 121,853,855.00 | 5.35 times | n/d | n/d |
| 8 | RIMI LATVIA, SIA | 52.11 | Retail sale in non-specialized stores with food, beverages or tobacco predominating | 121,482,479.00 | 35% | 4.42 times | 3.66 times |
| 9 | MATRIKS DI, Sabiedrība ar ierobežotu atbildību(Dissolved 26.06.2008) | 30 | Manufacture of office machinery and computers | 109,029,838.00 | n/d | n/d | n/d |
| 10 | LIEPĀJAS METALURGS, Akciju sabiedrība(Dissolved 19.02.2021) | 27.10 | Manufacture of basic iron and steel and of ferro-alloys (ECSC) | 103,871,993.00 | 7% | 11% | 29% |
| 11 | LATVIJAS FINIERIS, Akciju sabiedrība | 20.20 | Manufacture of veneer sheets; manufacture of plywood, laminboard, particle board, fibre board and other panels and boards | 100,253,090.00 | 8% | 22% | 41% |
| 12 | MAXIMA Latvija, SIA | 52.11 | Retail sale in non-specialized stores with food, beverages or tobacco predominating | 93,815,508.00 | 10.91 times | n/d | n/d |
| 13 | Circle K Latvia, SIA | 50.50 | Retail sale of automotive fuel | 78,676,597.00 | 3% | 1% | 6% |
| 14 | RĪGAS SILTUMS, Akciju sabiedrība | 40.30 | Steam and hot water supply | 75,074,198.00 | 2% | -4% | -17% |
| 15 | Tele2, Sabiedrība ar ierobežotu atbildību | 64.20 | Telecommunications | 75,026,185.00 | 45% | 2.37 times | 3.50 times |
| 16 | Amber Latvijas balzams, AS | 15.91 | Manufacture of distilled potable alcoholic beverages | 68,234,976.00 | -1% | 88% | 3.29 times |
| 17 | Siemens, SIA(Reorganized 12.10.2009) | 51.65 | Wholesale of other machinery for use in industry, trade and navigation | 66,416,223.00 | 2.30 times | 2.87 times | 4.66 times |
| 18 | NELSS, Sabiedrība ar ierobežotu atbildību(Dissolved 01.08.2013) | 52.46 | Retail sale of hardware, paints and glass | 64,068,504.00 | 37% | 41% | 53% |
| 19 | AMBER DISTRIBUTION LATVIA, Sabiedrība ar ierobežotu atbildību | 51.34 | Wholesale of alcoholic and other beverages | 62,685,558.00 | 24.86 times | 11.90 times | 22.42 times |
| 20 | NESTE LATVIJA, Sabiedrība ar ierobežotu atbildību | 50.50 | Retail sale of automotive fuel | 61,648,911.00 | 35% | 57% | 86% |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2002.
- Against 2001 - Changes in the company’s turnover in 2002 as against the turnover of 2001. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2002 - turnover of 2001) / turnover of 2001) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2002 / turnover of 2001).
- Against 2000 - Changes in the company’s turnover in 2002 as against the turnover of 2000. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2002 - turnover of 2000) / turnover of 2000) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2002 / turnover of 2000).
- Against 1999 - Changes in the company’s turnover in 2002 as against the turnover of 1999. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2002 - turnover of 1999) / turnover of 1999) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2002 / turnover of 1999).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.