AS "STORA ENSO LATVIJA"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportDividends paid 5 000 000 € (5% of equity at the end of the previous year).
Summary of financial statements2010–2025
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||||||
| Total current assets | 15 380 426 | 11 440 320 | 13 743 189 | 13 121 470 | 23 240 266 | 17 701 847 | 16 393 701 | 15 191 811 | 24 507 699 | 17 052 517 | 19 969 026 | 38 842 190 | 32 162 884 | 33 134 261 | 36 838 409 | 34 702 849 |
| Total non-current assets | 8 084 761 | 6 861 497 | 6 971 502 | 6 638 570 | 8 763 741 | 8 301 758 | 7 688 793 | 6 876 755 | 59 991 021 | 72 230 848 | 77 579 640 | 78 262 584 | 80 099 382 | 75 099 380 | 75 166 570 | 74 751 514 |
| Total assets | 23 465 187 | 18 301 817 | 20 714 691 | 19 760 040 | 32 004 007 | 26 003 605 | 24 082 494 | 22 068 566 | 84 498 720 | 89 283 365 | 97 548 666 | 117 104 774 | 112 262 266 | 108 233 641 | 112 004 979 | 109 454 363 |
| Balance sheet — liabilities and equity | ||||||||||||||||
| Current liabilities | 4 994 603 | 2 523 192 | 5 316 246 | 2 265 306 | 3 403 210 | 3 093 789 | 3 521 468 | 3 723 419 | 6 013 484 | 16 940 495 | 8 381 540 | 10 686 609 | 20 125 397 | 12 373 727 | 16 579 493 | 12 253 903 |
| Non-current liabilities | 7 549 176 | 2 327 573 | 226 139 | 129 886 | 131 623 | 171 521 | 176 704 | 9 500 000 | 9 500 000 | 291 148 | 13 229 357 | 7 665 940 | 100 854 | 34 056 | 0 | 0 |
| Total liabilities | 12 543 779 | 4 850 765 | 5 542 385 | 2 395 192 | 3 534 833 | 3 265 310 | 3 698 172 | 13 223 419 | 15 513 484 | 17 231 643 | 21 610 897 | 18 352 549 | 20 226 251 | 12 407 783 | 16 579 493 | 12 253 903 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 2 361 759 | 2 529 644 | 1 721 254 | 2 192 542 | 3 761 222 | 3 269 121 | 3 592 550 | 3 408 210 | 3 996 487 | 3 116 728 | 3 646 721 | 23 213 077 | 4 280 535 | 11 356 868 | 9 559 460 | 6 811 930 |
| Total equity | 10 921 408 | 13 451 052 | 15 172 306 | 17 364 848 | 28 469 174 | 22 738 295 | 20 325 631 | 8 736 028 | 68 890 884 | 71 962 173 | 75 648 923 | 98 752 225 | 92 036 015 | 95 825 858 | 95 425 486 | 97 200 460 |
| Income statement | ||||||||||||||||
| Sales revenue | 49 732 548 | 56 282 739 | 46 859 579 | 49 627 073 | 61 352 979 | 53 032 808 | 51 846 320 | 50 829 628 | 63 185 578 | 57 235 072 | 62 628 118 | 104 409 615 | 130 261 415 | 107 667 634 | 149 666 421 | 129 420 878 |
| Operating profit | 2 630 288 | 2 981 560 | 2 274 928 | 2 697 312 | 4 398 725 | 3 877 676 | 4 214 743 | 3 833 373 | 4 042 478 | 3 077 319 | 3 692 208 | 16 374 557 | 4 674 138 | 3 668 634 | 4 332 936 | 4 256 938 |
| EBITDA | 4 155 362 | 4 489 147 | 3 864 096 | 4 588 903 | 6 404 548 | 5 048 125 | 5 400 638 | 5 066 859 | 5 043 867 | 4 074 457 | 5 399 810 | 18 845 643 | 7 440 175 | 10 639 706 | 6 873 179 | 6 955 954 |
| Profit before income tax | 2 721 626 | 3 025 853 | 2 014 061 | 2 611 217 | 4 428 771 | 3 880 428 | 4 232 771 | 3 804 702 | 4 003 331 | 3 037 863 | 3 651 531 | 23 219 746 | 4 290 963 | 11 367 742 | 10 564 975 | 7 318 941 |
| Profit for the reporting year | 2 361 759 | 2 529 644 | 1 721 254 | 2 192 542 | 3 761 222 | 3 269 121 | 3 592 550 | 3 408 210 | 3 996 487 | 3 116 728 | 3 646 721 | 23 213 077 | 4 280 535 | 11 356 868 | 9 559 460 | 6 811 930 |
| Labour costs | 1 706 615 | 1 852 944 | 1 762 714 | 1 757 754 | 2 457 961 | 2 760 261 | 2 961 775 | 3 098 374 | 3 300 837 | 3 839 337 | 4 523 439 | 5 704 025 | 6 679 882 | 7 521 643 | 7 322 901 | 8 134 023 |
| Depreciation of non-current assets | 1 525 074 | 1 507 587 | 1 589 168 | 1 891 591 | 2 005 823 | 1 170 449 | 1 185 895 | 1 233 486 | 1 001 389 | 997 138 | 1 707 602 | 2 471 086 | 2 766 037 | 6 971 072 | 2 540 243 | 2 699 016 |
| Other indicators | ||||||||||||||||
| Employees | 136 | 144 | 134 | 128 | 130 | 144 | 150 | 158 | 152 | 169 | 190 | 222 | 228 | 222 | 220 | 216 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 | 9 000 000 | 6 000 000 | 15 000 000 | 0 | 0 | 0 | 0 | 0 | 23 803 545 | 10 000 000 | 5 000 000 |
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: AS "STORA ENSO LATVIJA"
Overview
AS "STORA ENSO LATVIJA" (reg. no. 44103023309) is a joint-stock company. The company was registered in 2001 and has been in the register for 25 years. Registered address: Smiltenes nov., Launkalnes pag., "Krogzemji".
Financial results
Revenue in 2025 was 129 420 878 €, down 13,5% on the previous year (149 666 421 €). From 2010 to 2025, revenue grew by an average of 6,6% per year. Net profit for 2025 was 6 811 930 € (5,3% of revenue). The company was profitable in all 16 published years. In 2025 the company had 216 employees (220 a year earlier). Revenue per employee was 599 171 €. At the end of 2025, total assets were 109 454 363 € and equity 97 200 460 € (88,8% of assets).
Management and owners
The board has 2 members. The company holds stakes in 2 active Latvian companies.
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 02.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.