FedEx Express Latvia SIAActive
Key figures
Ratios
2024Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2011–2024
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||
| Total current assets | 1 555 608 | 1 661 381 | 1 550 279 | 2 443 414 | 2 643 920 | 2 617 437 | 2 410 840 | 3 052 352 | 3 477 268 | 3 544 093 | 3 830 946 | 3 112 101 | 4 736 285 | 6 632 492 |
| Total non-current assets | 185 115 | 65 466 | 117 204 | 192 542 | 179 477 | 236 689 | 193 091 | 139 842 | 140 796 | 108 504 | 139 370 | 347 827 | 1 305 609 | 1 240 901 |
| Total assets | 1 740 723 | 1 726 847 | 1 667 483 | 2 635 956 | 2 823 397 | 2 854 126 | 2 603 931 | 3 192 194 | 3 618 064 | 3 652 597 | 3 970 316 | 3 459 928 | 6 041 894 | 7 873 393 |
| Balance sheet — liabilities and equity | ||||||||||||||
| Current liabilities | 616 823 | 538 267 | 775 776 | 1 232 524 | 1 577 695 | 2 161 195 | 1 565 143 | 1 650 751 | 1 613 224 | 1 479 337 | 1 485 667 | 979 353 | 924 160 | 2 659 891 |
| Non-current liabilities | 0 | 0 | 1789 | 8447 | 7699 | 13 062 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 616 823 | 538 267 | 777 565 | 1 240 971 | 1 585 394 | 2 174 257 | 1 565 143 | 1 650 751 | 1 613 224 | 1 479 337 | 1 485 667 | 979 353 | 924 160 | 2 659 891 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 879 765 | 948 953 | 650 688 | 1 054 337 | 896 276 | 340 213 | 184 935 | 500 486 | 447 485 | 183 095 | 316 349 | 399 336 | 358 353 | 85 338 |
| Total equity | 1 117 475 | 1 186 663 | 888 398 | 1 392 568 | 1 234 507 | 678 444 | 1 033 943 | 1 534 429 | 1 981 914 | 2 165 009 | 2 481 358 | 2 480 575 | 5 117 447 | 5 202 785 |
| Income statement | ||||||||||||||
| Sales revenue | 4 153 055 | 4 535 677 | 4 777 907 | 7 354 895 | 8 851 627 | 9 565 957 | 11 771 094 | 17 566 493 | 18 206 986 | 16 729 551 | 17 536 328 | 15 391 245 | 22 639 877 | 30 169 822 |
| Operating profit | 1 047 343 | 1 123 258 | 779 633 | 1 256 572 | 1 071 577 | 420 642 | 175 204 | 500 684 | 448 720 | 195 443 | 323 607 | 390 119 | 376 745 | 233 828 |
| EBITDA | — | — | — | — | — | — | — | — | — | — | 373 938 | 453 385 | 540 617 | 430 599 |
| Profit before income tax | 1 048 983 | 1 126 542 | 781 626 | 1 261 017 | 1 073 629 | 422 716 | 175 289 | 500 684 | 448 704 | 188 737 | 320 630 | 405 975 | 415 908 | 281 092 |
| Profit for the reporting year | 879 765 | 948 953 | 650 688 | 1 054 337 | 896 276 | 340 213 | 184 935 | 500 486 | 447 485 | 183 095 | 316 349 | 399 336 | 358 353 | 85 338 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | 2 245 149 | 2 166 728 | 2 528 108 | 2 756 265 |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | 50 331 | 63 266 | 163 872 | 196 771 |
| Other indicators | ||||||||||||||
| Employees | 63 | 54 | 56 | 59 | 62 | 64 | 64 | 73 | 82 | 84 | 90 | 93 | 98 | 94 |
| Calculated dividend | 673 282 | 879 765 | 948 953 | 925 846 | 1 054 337 | 896 276 | 0 | 0 | 0 | 0 | 0 | 400 119 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Summary: FedEx Express Latvia SIA
Overview
FedEx Express Latvia SIA (reg. no. 40003450257) is a limited liability company. The company was registered in 1999 and has been in the register for 27 years. Registered address: Mārupes nov., Mārupe, Plieņciema iela 11.
Financial results
Revenue in 2024 was 30 169 822 €, up 33,3% on the previous year (22 639 877 €). From 2011 to 2024, revenue grew by an average of 16,5% per year. This is the company's highest revenue among the published years (2011–2024). Net profit for 2024 was 85 338 € (0,3% of revenue). The company was profitable in all 14 published years. In 2024 the company had 94 employees (98 a year earlier). Revenue per employee was 320 956 €. At the end of 2024, total assets were 7 873 393 € and equity 5 202 785 € (66,1% of assets).
Management and owners
The board has 4 members. The sole owner of the company is FedEx Express International B.V..
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.