Companies with biggest annual turnover
100 companies with the highest annual turnover in 2018, 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 13:09:28
The statistics are also available in the XLS and TXT formats.
| No | Company | NACE | Type of business (according to NACE) | Turnover, EUR | Against 2017 | Against 2016 | Against 2015 |
|---|---|---|---|---|---|---|---|
| 1 | FIRMA MADARA 89, SIA | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 127,784,665.00 | 22% | 69% | 84% |
| 2 | STORA ENSO LATVIJA, AS | 16.10 | Sawmilling and planing of wood | 63,185,578.00 | 24% | 22% | 19% |
| 3 | Aldar Latvia, SIA | 47.25 | Retail sale of beverages in specialised stores | 56,854,629.00 | 2.14 times | n/d | n/d |
| 4 | ET Invest, Sabiedrība ar ierobežotu atbildību | 47.25 | Retail sale of beverages in specialised stores | 46,965,139.00 | 20% | 2.73 times | n/d |
| 5 | Graanul Pellets, SIA | 16.29 | Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials | 30,822,646.00 | 27% | -21% | -10% |
| 6 | 8 CBR, Sabiedrība ar ierobežotu atbildību | 42.11 | Construction of roads and motorways | 26,871,698.00 | 6% | 76% | 40% |
| 7 | GRAANUL INVEST, Sabiedrība ar ierobežotu atbildību | 16.29 | Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials | 23,554,640.00 | 4% | -21% | -29% |
| 8 | VUDLANDE, Sabiedrība ar ierobežotu atbildību | 16.10 | Sawmilling and planing of wood | 22,003,118.00 | 14% | 49% | 70% |
| 9 | SMILTENES PIENS, Akciju sabiedrība | 10.51 | Operation of dairies and cheese making | 19,068,715.00 | 7% | 15% | 20% |
| 10 | PATA Strenči, Akciju sabiedrība | 02.20 | Logging | 17,773,303.00 | 81% | 89% | 2.03 times |
| 11 | SMILTENE IMPEX, SIA | 16.10 | Sawmilling and planing of wood | 17,041,516.00 | 9% | 4% | 10% |
| 12 | LARS LIMITED, Sabiedrība ar ierobežotu atbildību(Reorganized 16.09.2021) | 47.11 | Retail sale in non-specialised stores with food, beverages or tobacco predominating | 11,547,707.00 | -1% | 0% | 11% |
| 13 | LAUKU APGĀDS UN MELIORĀCIJA, SIA | 47.30 | Retail sale of automotive fuel in specialised stores | 9,991,938.00 | 14% | 9% | 20% |
| 14 | VĀRPAS 1, Sabiedrība ar ierobežotu atbildību | 16.10 | Sawmilling and planing of wood | 8,558,276.00 | 37% | 56% | 44% |
| 15 | Graanul Invest Energy, SIA | 35.11 | Production of electricity | 8,420,001.00 | 16% | 55% | n/d |
| 16 | BioMix Balticum, SIA | 46.90 | Non-specialised wholesale trade | 7,479,304.00 | 36.43 times | 55.69 times | 43.77 times |
| 17 | PEPI RER, SIA | 22.21 | Manufacture of plastic plates, sheets, tubes and profiles | 7,364,663.00 | 14% | 25% | 49% |
| 18 | MEŽVALDE AD, SIA | 49.41 | Freight transport by road | 6,897,723.00 | 48% | 58% | 55% |
| 19 | Strenču psihoneiroloģiskā slimnīca, Valsts sabiedrība ar ierobežotu atbildību | 86.10 | Hospital activities | 6,040,398.00 | 27% | 30% | 33% |
| 20 | Graanul Pellets Energy, SIA | 35.11 | Production of electricity | 5,881,040.00 | 16% | 29% | 6% |
| Number of entries | |||||||
| Total on page | 20 | ||||||
| Total | 100 |
Explanations of table columns
- Turnover, EUR - The company’s turnover in 2018.
- Against 2017 - Changes in the company’s turnover in 2018 as against the turnover of 2017. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2018 - turnover of 2017) / turnover of 2017) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2018 / turnover of 2017).
- Against 2016 - Changes in the company’s turnover in 2018 as against the turnover of 2016. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2018 - turnover of 2016) / turnover of 2016) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2018 / turnover of 2016).
- Against 2015 - Changes in the company’s turnover in 2018 as against the turnover of 2015. If the proportion of changes does not exceed 100%, the proportion of changes is stated by the formula ((turnover of 2018 - turnover of 2015) / turnover of 2015) x 100. If the proportion of changes is 100% or exceeds 100%, the proportion of changes is stated by the formula (turnover of 2018 / turnover of 2015).
In case of publishing or quoting, reference to the source of the Statistics - Lursoft - is mandatory.