The first private company in Latvia has exceeded the value of one billion euros The news

Riga, November 24, LETA. In the third place, the private equity information technology company SIA Mikrotīkls has entered the top of the most valuable Latvian companies “Top 101″ next to the most valuable state capital companies, reaching a value of 1.24 billion euros, according to Nasdaq Riga and the financial consulting company ” Prudentia “Top 101” of the most valuable companies in Latvia in 2021.

Thus, “Mikrotīkls” has become the first private capital company to have overcome the one billion euro barrier in the history of Latvia’s most valuable company “Top 101”.

In 2021, Latvenergo AS maintained the status of the most valuable company in Latvia with the historically highest value of the company of 2.062 billion euros, showing a 25% change in value increase compared to the value at the top of last year.

Latvenergo has been recognized as the most valuable company in Latvia for the 14th time.

The total value of the most valuable companies in Latvia included in the list in 2021 has reached 22.5 billion euros, and compared to last year’s list, the total value has increased by 37% this year. In order to be included in the “Top 101” list, the value of the company had to be 72.88 million euros this year, compared to 49.39 million euros a year earlier or 47.6% higher.

For the second year in a row, SJSC Latvijas valsts meži retains the second place in the list of “Top 101”, reaching a company value of 1.5 billion euros and showing a 26% increase compared to the value in the top of last year.

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The authors of the list note that JSC “Elko grupa”, a wholesaler of information technology (IT) products, consumer electronics and solutions, has also experienced a breakthrough value of up to 432.2 million euros, showing a 71% change in value increase compared to last year’s top. the highest turnover among all companies in the Top 101.

Ģirts Rungainis, the founder and partner of Prudentia, points out that the rapid increase in the value of the total Top 101 most valuable Latvian companies and especially the increase in the share of Latvian private equity companies suggests that private companies, which are the cornerstone of the Latvian economy and sales of services on a global scale will not only continue to increase Latvia’s prosperity, but will soon become the most valuable “Top 101” companies.

Despite a significant increase in the value of the entry threshold, this year the list of “Top 101” also includes 13 newcomers, including the companies “Madara Cosmetics” and AS “Virši-A” listed on the Nasdaq Riga stock exchange.

Along with the most valuable company “Top 101” in Latvia, this year for the first time also published the list of the most valuable companies in the Baltics “Top 30”, which was created in cooperation with the company “Confidentus”. For the third year in a row, the Lithuanian “Vilniaus Prekyba” with a value of 4.7 billion euros has been recognized as the most valuable company in the Baltic list.

Baltic “Top 30” data show that despite the restrictions related to Covid-19, Vilniaus Prekyba has increased its value by one billion euros – from 3.6 billion euros in 2020 to 4.7 billion euros in 2021.

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For the first time, Lithuania’s Thermo Fisher Scientific Baltics is in second place in the Baltics, while the Swedbank Group is in third place.

The list of the most valuable companies in Latvia “Top 101” since 2005 is formed by “Prudentia” and “Nasdaq Riga”. Starting from 2020, Prudentia, in cooperation with Nasdaq Tallinn, will also offer the public the most valuable company in Estonia, Top 101. The top of the most valuable companies provides an opportunity for entrepreneurs, industry experts and the general public to gain a comprehensive insight into the growth, compliance with the principles of corporate governance, development and competitiveness of Latvian and Estonian companies.

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