Top Companies Gained 42% in Value Last Year
The total equity value of Estonia's top 100 companies, ranked by estimated market capitalization, rose 42 percent in 2010 to reach 13.8 billion euros, according to a report by Baltic-based mergers and acquisitions firm GILD Corporate Finance.
GILD partner Rain Tamm said that the increase was thanks to positive trends on the stock exchange as well as a return to profitability after the crisis.
The overall value of the top 100, however, is still nothing near the estimated 21.6 billion achieved in 2007, the first year GILD compiled the data.
As has been the case in the past years, the two companies with the highest values at the end of last year, according to GILD Corporate Finance's rankings list, were Swedbank and Eesti Energia. Oil transport company Vopak E.O.S., which had lost 55 percent of its value and plummeted to 16th place the previous year, bounced back in 2010 to reach third place on the list.
The 10 companies that top the firm's list, and their estimated values in billions of euros as of January 1, are as follows:
1. Swedbank - 1.85
2. Eesti Energia - 1.53
3. Vopak E.O.S. - 0.89
4. Eesti Telekom - 0.72
5. SEB - 0.54
6. Tallink Grupp - 0.53
7. The Port of Tallinn - 0.42
8. BLRT Grupp - 0.35
9. Ericsson Eesti - 0.30
10. Tallinna Kaubamaja - 0.25