Companies with biggest annual turnover
100 companies with the highest annual turnover in 2004, 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 25.04.2025.
The statistics were updated on 25.04.2025, at 19:15:31
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2003 | Against 2002 | Against 2001 |
|---|---|---|---|---|---|---|---|
| 1 | Latvenergo, Akciju sabiedrība | 40.11 | Production of electricity | 326,121,769.00 | 14% | 24% | 30% |
| 2 | ELKO GRUPA, Akciju sabiedrība | 51.84 | Wholesale of computers, computer peripheral equipment and software | 306,959,199.00 | 11% | 51% | 2.45 times |
| 3 | MAXIMA Latvija, SIA | 52.11 | Retail sale in non-specialized stores with food, beverages or tobacco predominating | 249,655,311.00 | 38% | 2.66 times | 29.04 times |
| 4 | Latvijas Mobilais Telefons, SIA | 64.20 | Telecommunications | 212,511,596.00 | 15% | 30% | 42% |
| 5 | LIEPĀJAS METALURGS, Akciju sabiedrība(Dissolved 19.02.2021) | 27.10 | Manufacture of basic iron and steel and of ferro-alloys (ECSC) | 208,653,336.00 | 58% | 2.01 times | 2.15 times |
| 6 | Latvijas dzelzceļš, Valsts akciju sabiedrība | 60.10 | Transport via railways | 194,869,194.00 | 5% | 22% | 33% |
| 7 | RIMI LATVIA, SIA | 52.11 | Retail sale in non-specialized stores with food, beverages or tobacco predominating | 190,657,434.00 | 23% | 57% | 2.12 times |
| 8 | Tet, Sabiedrība ar ierobežotu atbildību | 64.20 | Telecommunications | 184,870,506.00 | -6% | -10% | -10% |
| 9 | Marcegaglia Baltics, SIA | 51.52 | Wholesale of metals and metal ores | 179,612,489.00 | 3.79 times | 5.69 times | 7.66 times |
| 10 | Latvijas Gāze, Akciju sabiedrība | 40.22 | Distribution and trade of gaseous fuels through mains | 172,337,443.00 | 7% | 21% | 23% |
| 11 | Circle K Latvia, SIA | 50.50 | Retail sale of automotive fuel | 157,429,201.00 | 42% | 2.00 times | 2.07 times |
| 12 | LATVIJAS FINIERIS, Akciju sabiedrība | 20.20 | Manufacture of veneer sheets; manufacture of plywood, laminboard, particle board, fibre board and other panels and boards | 137,483,088.00 | 18% | 37% | 48% |
| 13 | ORLEN Latvija, SIA | 51.51 | Wholesale of solid, liquid and gaseous fuels and related products | 127,382,650.00 | n/d | n/d | n/d |
| 14 | Tele2, Sabiedrība ar ierobežotu atbildību | 64.20 | Telecommunications | 113,571,788.00 | 27% | 51% | 2.19 times |
| 15 | STORA ENSO MEŽS, Sabiedrība ar ierobežotu atbildību(Reorganized 14.12.2009) | 51.53 | Wholesale of wood, construction materials and sanitary equipment | 93,738,402.00 | 27% | 66% | 2.09 times |
| 16 | Latvijas valsts meži, Akciju sabiedrība | 02.01 | Forestry and logging | 92,908,792.00 | 42% | 2.36 times | 2.94 times |
| 17 | NELSS, Sabiedrība ar ierobežotu atbildību(Dissolved 01.08.2013) | 52.46 | Retail sale of hardware, paints and glass | 89,900,160.00 | 20% | 40% | 92% |
| 18 | Amber Latvijas balzams, AS | 15.91 | Manufacture of distilled potable alcoholic beverages | 86,965,279.00 | 23% | 27% | 26% |
| 19 | POLIMER R., Sabiedrība ar ierobežotu atbildību(Dissolved 26.02.2018) | 51.55 | Wholesale of chemical products | 84,960,185.00 | 45% | 48% | 79% |
| 20 | NESTE LATVIJA, Sabiedrība ar ierobežotu atbildību | 50.50 | Retail sale of automotive fuel | 82,975,194.00 | 2% | 35% | 81% |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2004.
- Against 2003 - Changes in the company’s turnover in 2004 as against the turnover of 2003. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2004 - turnover of 2003) / turnover of 2003) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2004 / turnover of 2003).
- Against 2002 - Changes in the company’s turnover in 2004 as against the turnover of 2002. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2004 - turnover of 2002) / turnover of 2002) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2004 / turnover of 2002).
- Against 2001 - Changes in the company’s turnover in 2004 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 2004 - 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 2004 / turnover of 2001).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.