AS VALMIERAS STIKLA ŠĶIEDRA among the TOP101 most valuable companies in Latvia

13. November, 2023

AS VALMIERAS STIKLA ŠĶIEDRA is among the TOP101* most valuable companies in Latvia, according to the published top created by Nasdaq Riga and Prudentia. Analyzing the data of 2022, the business value of the company is estimated at EUR 88.10 million. Compared to the previous period, we have shown an increase of 21%, moving up 26 places in the top. 

TOP101 of Latvia’s Most Valuable Enterprises in eighteen consecutive years demonstrates the well-known truth – Latvia’s most valuable enterprises are the engine of Latvia’s economy, and they set national prosperity.

“It is an honor to be included in the list of the most valuable companies, but our goal is certainly not to occupy a specific place in this list. We are more occupied with the idea of moving into the future - what products we can offer to customers in order to be competitive in the world market, how to organize the company's work in the future and, ultimately, in the long term. The company has been in existence for 60 years and we have made sure that investments are what allow us to grow and improve. Since we do not compete with any company in the Baltic States and we export 98% of our production to 56 countries, export is the main criterion of our company's value, which is also seen by our business partners and shareholders. And taking into account the investments made so far and our unique products, the value of our company is definitely even higher," comments Stefan Jugel, Chairman of the Board of AS VALMIERAS STIKLA ŠĶIEDRA.

The list of TOP101 most valuable companies in Latvia is compiled by Prudentia and Nasdaq Riga. 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, and compliance with the principles of corporate governance, development, and competitiveness of Latvian companies.

* For TOP101 formation annual financial and corporate governance reports have been analyzed.

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