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 17.04.2025.
The statistics were updated on 17.04.2025, at 10:42:13
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 | FIRMA MADARA 89, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 207,852,550.00 | 10% | 21% | 27% |
| 2 | STORA ENSO LATVIJA, AS | 16.10 | Sawmilling and planing of wood | 107,667,634.00 | -17% | 3% | 72% |
| 3 | GRAANUL INVEST, Sabiedrība ar ierobežotu atbildību | 16.29 | Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials | 53,312,756.00 | 10% | -25% | 30% |
| 4 | SMILTENES PIENS, Akciju sabiedrība | 10.51 | Operation of dairies and cheese making | 26,903,857.00 | 12% | 22% | 27% |
| 5 | VUDLANDE, Sabiedrība ar ierobežotu atbildību | 16.10 | Sawmilling and planing of wood | 21,696,229.00 | 23% | -64% | -51% |
| 6 | PATA Strenči, Akciju sabiedrība | 02.20 | Logging | 21,423,293.00 | -20% | 7% | 84% |
| 7 | TIM-T, SIA | 46.39 | Non-specialised wholesale of food, beverages and tobacco | 18,172,463.00 | 19% | 80% | 2.16 times |
| 8 | SMILTENE IMPEX, SIA | 16.10 | Sawmilling and planing of wood | 15,505,017.00 | -31% | -35% | -6% |
| 9 | LAUKU APGĀDS UN MELIORĀCIJA, SIA | 47.30 | Retail sale of automotive fuel in specialised stores | 15,194,132.00 | -5% | 21% | 46% |
| 10 | E.G. IEGULDĪJUMI, SIA | 64.99 | Other financial service activities, except insurance and pension funding n.e.c. | 13,190,311.00 | -666% | 88% | -302% |
| 11 | PEPI RER, SIA | 22.21 | Manufacture of plastic plates, sheets, tubes and profiles | 12,883,599.00 | -4% | 7% | 20% |
| 12 | VĀRPAS 1, Sabiedrība ar ierobežotu atbildību | 16.10 | Sawmilling and planing of wood | 11,988,224.00 | -8% | -2% | 45% |
| 13 | Strenču psihoneiroloģiskā slimnīca, Valsts sabiedrība ar ierobežotu atbildību | 86.10 | Hospital activities | 10,729,406.00 | 18% | 13% | 34% |
| 14 | SAUKAS KŪDRA, SIA | 08.92 | Extraction of peat | 9,878,614.00 | 4% | 24% | 46% |
| 15 | Graanul Invest Energy, SIA | 35.11 | Production of electricity | 8,741,780.00 | -46% | 13% | 14% |
| 16 | Valkas ceļi, Sabiedrība ar ierobežotu atbildību | 42.11 | Construction of roads and motorways | 8,294,681.00 | -10% | 85% | 2.52 times |
| 17 | PRIVĀTBŪVE, SIA | 46.13 | Agents involved in the sale of timber and building materials | 7,582,064.00 | -6% | 14% | 65% |
| 18 | MEŽVALDE AD, SIA | 02.10 | Silviculture and other forestry activities | 6,864,182.00 | -37% | -6% | 36% |
| 19 | Incukalns Energy, SIA | 35.11 | Production of electricity | 6,370,137.00 | -38% | 40% | 9% |
| 20 | Graanul Pellets Energy, SIA | 35.11 | Production of electricity | 6,196,537.00 | -36% | 18% | 10% |
| 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.