Companies with biggest annual turnover
100 companies with the highest annual turnover in 2008, 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 24.04.2025.
The statistics were updated on 24.04.2025, at 17:49:39
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2007 | Against 2006 | Against 2005 |
|---|---|---|---|---|---|---|---|
| 1 | Latvenergo, Akciju sabiedrība | 35.11 | Production of electricity | 811,533,267.00 | 41% | 88% | 2.30 times |
| 2 | RIMI LATVIA, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 661,619,437.00 | 17% | 50% | 2.37 times |
| 3 | ELKO GRUPA, Akciju sabiedrība | 46.51 | Wholesale of computers, computer peripheral equipment and software | 655,032,577.00 | 4% | 40% | 38% |
| 4 | MAXIMA Latvija, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 606,563,543.00 | 20% | 47% | 83% |
| 5 | ORLEN Latvija, SIA | 46.71 | Wholesale of solid, liquid and gaseous fuels and related products | 549,001,067.00 | 39% | 2.09 times | 2.48 times |
| 6 | Latvijas Gāze, Akciju sabiedrība | 35.22 | Distribution of gaseous fuels through mains | 499,434,579.00 | 47% | 92% | 2.63 times |
| 7 | Circle K Latvia, SIA | 47.30 | Retail sale of automotive fuel in specialised stores | 486,797,787.00 | 21% | 48% | 2.35 times |
| 8 | LIEPĀJAS METALURGS, Akciju sabiedrība(Dissolved 19.02.2021) | 24.10 | Manufacture of basic iron and steel and of ferro-alloys | 364,561,669.00 | 16% | 33% | 66% |
| 9 | LDZ CARGO, Sabiedrība ar ierobežotu atbildību | 49.20 | Freight rail transport | 356,718,916.00 | 2.38 times | n/d | n/d |
| 10 | Sadales tīkls, Akciju sabiedrība | 35.13 | Distribution of electricity | 355,511,281.00 | 2.03 times | n/d | n/d |
| 11 | Air Baltic Corporation, AS | 51.10 | Passenger air transport | 291,406,993.00 | 27% | 75% | n/d |
| 12 | Latvijas Mobilais Telefons, SIA | 61.20 | Wireless telecommunications activities | 263,271,125.00 | -4% | 1% | 10% |
| 13 | Marcegaglia Baltics, SIA | 46.72 | Wholesale of metals and metal ores | 261,034,371.00 | 15% | 53% | 2.14 times |
| 14 | NESTE LATVIJA, Sabiedrība ar ierobežotu atbildību | 47.30 | Retail sale of automotive fuel in specialised stores | 246,170,215.00 | -15% | -9% | 18% |
| 15 | AMIC Latvia, SIA | 46.71 | Wholesale of solid, liquid and gaseous fuels and related products | 234,579,823.00 | 39% | 16% | 91% |
| 16 | Latvijas valsts meži, Akciju sabiedrība | 02.10 | Silviculture and other forestry activities | 210,647,492.00 | -9% | 48% | 2.15 times |
| 17 | Latvijas dzelzceļš, Valsts akciju sabiedrība | 74.15 | Management activities of holding companies | 201,679,554.00 | -21% | -25% | -18% |
| 18 | ITERA Latvija, Sabiedrība ar ierobežotu atbildību | 35.23 | Trade of gas through mains | 200,388,407.00 | 2.06 times | 2.57 times | 4.86 times |
| 19 | Tet, Sabiedrība ar ierobežotu atbildību | 61.10 | Wired telecommunications activities | 198,559,412.00 | 6% | 8% | 9% |
| 20 | Baltic Agro Machinery, SIA | 46.61 | Wholesale of agricultural machinery, equipment and supplies | 195,840,086.00 | 49% | 92% | 2.38 times |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2008.
- Against 2007 - Changes in the company’s turnover in 2008 as against the turnover of 2007. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2008 - turnover of 2007) / turnover of 2007) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2008 / turnover of 2007).
- Against 2006 - Changes in the company’s turnover in 2008 as against the turnover of 2006. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2008 - turnover of 2006) / turnover of 2006) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2008 / turnover of 2006).
- Against 2005 - Changes in the company’s turnover in 2008 as against the turnover of 2005. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2008 - turnover of 2005) / turnover of 2005) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2008 / turnover of 2005).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.