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The leader of the electrical engineering and electronics industry in Latvia last year was ‘Lexel Fabrika’

In the electrical engineering and electronics sector, the largest company in Latvia in terms of turnover last year was the company “Lexel Fabrika”, whose turnover was 72.562 million euros, according to “Latvian Business Annual Report 2021” prepared by SIA “Firmas.lv” and the agency LETA

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The company’s turnover in 2020, compared to 2019, increased by 11%.

In second place was Axon Cable, with a turnover of € 32.433 million, down 4.4%, followed by Light Guide Optics International with a turnover of € 27.334 million in 2020. is 10.6% more than in 2019.

The company ranks fourth “HansaMatrixVizulo, with a turnover of EUR 21.387 million, a decrease of 7.3%, was in fifth place with a turnover of EUR 12.898 million, or 28.8% more than a year earlier.

The company “Energofirma Jauda” is in the sixth place, which in 2020 had a turnover of 12.768 million euros, which is 22.9% less than a year earlier. In seventh place with a turnover of 6.973 million euros last year was “SMD Baltic”, whose turnover decreased by 20%.

The current edition of the “Latvian Business Annual Report” includes the findings and forecasts of the most successful entrepreneurs and industry experts, as well as an in-depth review of the business environment and detailed lists of industry companies.

Due to Covid-19, this year’s annual reports for 2020 could be submitted for a longer period than usual, so it was also possible to compile the report later than in previous years.

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