Riga, 2016-10-12 15:45 CEST (GLOBE NEWSWIRE) -- Today, on 12 October, Latvenergo AS was recognised as the most valuable company in Latvia according to "TOP101", a ranking created by "Prudentia" in collaboration with "Nasdaq Riga" stock exchange. Latvenergo receives this award for the ninth year, although the results have not been steady for each year. This year Latvenergo AS has achieved 22% increase in value compared to the last year, when according to the ranking value was by 18% lower. Thus the company not only convincingly retains its status among the Latvian companies, but also has climbed from position 6 in 2015 to position 5 in 2016 in the evaluation of the Baltic TOP 10 companies. Latvenergo has also achieved the largest increase in value among the Baltic companies, while the energy companies of both our neighboring countries have grown their value by 5%, nevertheless retaining their previous rating.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and lease of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (lease of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply).