Companies with biggest annual turnover
100 companies with the highest annual turnover in 2011, 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 10:44:53
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2010 | Against 2009 | Against 2008 |
|---|---|---|---|---|---|---|---|
| 1 | URALCHEM Trading, SIA | 46.75 | Wholesale of chemical products | 1,024,422,559.00 | 58% | 7.71 times | n/d |
| 2 | Latvenergo, Akciju sabiedrība | 35.11 | Production of electricity | 997,310,520.00 | 7% | 15% | 23% |
| 3 | RIMI LATVIA, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 593,567,467.00 | 6% | 3% | -10% |
| 4 | MAXIMA Latvija, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 587,945,412.00 | 6% | 4% | -3% |
| 5 | ELKO GRUPA, Akciju sabiedrība | 46.51 | Wholesale of computers, computer peripheral equipment and software | 563,877,731.00 | 12% | 73% | -14% |
| 6 | ORLEN Latvija, SIA | 46.71 | Wholesale of solid, liquid and gaseous fuels and related products | 525,901,856.00 | 81% | 91% | -4% |
| 7 | Latvijas Gāze, Akciju sabiedrība | 35.22 | Distribution of gaseous fuels through mains | 502,754,923.00 | 0% | 7% | 1% |
| 8 | Circle K Latvia, SIA | 47.30 | Retail sale of automotive fuel in specialised stores | 398,084,509.00 | -3% | 7% | -18% |
| 9 | LDZ CARGO, Sabiedrība ar ierobežotu atbildību | 49.20 | Freight rail transport | 369,070,394.00 | 28% | 20% | 3% |
| 10 | AMIC Latvia, SIA | 46.71 | Wholesale of solid, liquid and gaseous fuels and related products | 327,783,776.00 | 24% | 2.35 times | 40% |
| 11 | Sadales tīkls, Akciju sabiedrība | 35.13 | Distribution of electricity | 308,569,688.00 | 10% | 3% | -13% |
| 12 | Latvijas valsts meži, Akciju sabiedrība | 02.10 | Silviculture and other forestry activities | 305,525,805.00 | -1% | 57% | 45% |
| 13 | LIEPĀJAS METALURGS, Akciju sabiedrība(Dissolved 19.02.2021) | 24.10 | Manufacture of basic iron and steel and of ferro-alloys | 293,316,659.00 | 6% | 29% | -20% |
| 14 | Air Baltic Corporation, AS | 51.10 | Passenger air transport | 288,016,289.00 | 0% | -3% | -1% |
| 15 | NESTE LATVIJA, Sabiedrība ar ierobežotu atbildību | 47.30 | Retail sale of automotive fuel in specialised stores | 260,032,668.00 | 17% | 40% | 6% |
| 16 | Latvijas dzelzceļš, Valsts akciju sabiedrība | 42.12 | Construction of railways and underground railways | 209,960,235.00 | 13% | 1% | 4% |
| 17 | Samsung Electronics Baltics, SIA | 46.43 | Wholesale of electrical household appliances | 203,279,749.00 | 23% | 67% | 18% |
| 18 | RĪGAS SILTUMS, Akciju sabiedrība | 35.30 | Steam and air conditioning supply | 183,266,914.00 | 15% | -8% | 18% |
| 19 | Latvijas Mobilais Telefons, SIA | 61.20 | Wireless telecommunications activities | 178,203,311.00 | 0% | -14% | -32% |
| 20 | Tet, Sabiedrība ar ierobežotu atbildību | 61.10 | Wired telecommunications activities | 175,404,429.00 | -5% | -5% | -12% |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2011.
- Against 2010 - Changes in the company’s turnover in 2011 as against the turnover of 2010. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2011 - turnover of 2010) / turnover of 2010) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2011 / turnover of 2010).
- Against 2009 - Changes in the company’s turnover in 2011 as against the turnover of 2009. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2011 - turnover of 2009) / turnover of 2009) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2011 / turnover of 2009).
- Against 2008 - Changes in the company’s turnover in 2011 as against the turnover of 2008. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2011 - turnover of 2008) / turnover of 2008) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2011 / turnover of 2008).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.