Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

October 14, 2015 12:15 AM ET

Electric Utilities

Company Overview of AS Latvenergo

Company Overview

AS Latvenergo, a power supply utility, generates and supplies electricity and thermal energy in the Baltic states. It generates electricity through various renewable energy sources, including hydropower, biomass, and wind power, as well as gas-fired power plants. The company also provides electricity distribution services to approximately 840 thousand customers in Latvia. In addition, it offers transmission system asset management, as well as telecommunication and information technology services. The company was founded in 1939 and is based in Riga, Latvia.

12 Pulkveža Brieža Street

Riga,  1230


Founded in 1939

4,163 Employees


371 67 723 511

Key Executives for AS Latvenergo

Chairman of Management Board and Chief Executive Officer
Age: 49
Chief Operating Officer and Member of Management Board
Age: 34
Chief Commercial Officer and Member of Management Board
Age: 49
Group Treasurer
Chief Administrative Officer and Member of Management Board
Age: 47
Compensation as of Fiscal Year 2015.

AS Latvenergo Key Developments

Latvenergo Group Announces Unaudited Consolidated Earnings and Operating Results for the Six Months Ended June 30, 2015

Latvenergo Group announced unaudited consolidated earnings and operating results for the six months ended June 30, 2015. For the six months, the company reported revenue of EUR 474,136,000 against EUR 543,082,000 a year ago. Operating profit was EUR 79,055,000 against EUR 58,263,000 a year ago. Profit before tax was EUR 70,645,000 against EUR 49,100,000 a year ago. Profit for the period was EUR 61,698,000 against EUR 42,349,000 a year ago. Net cash flows from operating activities were EUR 118,458,000 against EUR 84,705,000 a year ago. Purchase of intangible assets and property, plant and equipment was EUR 83,070,000 against EUR 67,026,000 a year ago. EBITDA was EUR 177,800,000 against EUR 146,200,000 a year ago. Net debt was EUR 703,600,000 as on June 30, 2015 against EUR 681,200,000 as on June 30, 2014. Revenue decline was due to change in accounting principles along with entrance into operation of Enerijas publiskais tirgotjs as of 1 April 2014. Mandatory procurement PSO fee revenues are no longer recognized in the revenue of the group. For the six months, the company reported retail electricity supply of 3,934 GWh against 4,579 GWh a year ago. Electricity generation was 1,931 GWh against 2,111 GWh a year ago. Thermal energy supply was 1,348 GWh against 1,392 GWh a year ago.

AS Latvenergo, H1 2015 Fixed Income Call, Sep 09, 2015

AS Latvenergo, H1 2015 Fixed Income Call, Sep 09, 2015

Zane Kotane to Resign from the Management Board of Latvenergo AS

Latvenergo AS announced that member of the management board and chief financial officer Zane Kotane has decided to discontinue employment relations and resign from her position in the management board, grounding this decision in the willingness and need to devote more time to her family. Recognising that her professional input in the achievement of the company's strategic goals has been and would continue to be very important and valuable, the shareholders' meeting respects Zane Kotane's decision to resign from the management board of Latvenergo as of 19 June 2015.

Similar Private Companies By Industry

Company Name Region
Geton Energy, SIA Europe
SIA Vidzemes energija Europe
Ventspils Energo, SIA Europe
Augstsprieguma tîkls AS Europe
AS Latvenergo Europe

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AS Latvenergo, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at