2007

The most valuable companies in Estonia 2007

Place Company Sector Value (m EEK) Turnover for 2006 (m EEK) Net profit
for 2006 (m EEK)		 Principal owners
1 Hansapank, AS financial sector 89 065 - 5062 Swedbank AB 100%
2 Eesti Energia, AS utilities sector 24 713 7299 3229 Republic of Estonia 100%
3 SEB Eest Ühispank, AS financial sector 21 367 - 1375 Skandinaviska Enskilda
Banken (SEB) 100%
4 Eesti Telekom, AS tele- communications 18 132 5768 1309 TeliaSonera AB 53.7%;
Republic of Estonia 27.2%
5 Tallink Grupp, AS
(period 01.12.2005-30.11.2006)		 transport 13 464 8316 1537 Infortar AS 38.9%;
ING Luxembourg S.A. 9,6%;
Citbank Hong Kong (CIFC) 7.8%
6

Olympic Entertainment

Group, AS

 entertainment business 10 488 1659 389 OÜ HansaAssets 51.7%;
OÜ Hendaya Invest 27.8%
7 Tallinna Sadam, AS transport 6 385 1178 595 Republic of Estonia 100%
8 Tele2 Eesti, AS tele- communications 6 326 1682 463

Tele2 Holding AS 51.99%;
Beleggingsmaatschappij

Belmus B.V. 47,99%
9 Sampo Pank, AS financial sector 6 016 - 333 Danske Bank 100%
10 Tallinna Kaubamaja, AS commerce 5 850 4239 275 NG Investeeringud AS 67%;
ING Luxembourg A.A. 8,9%
11 Merko Grupp, AS construction 5 798 3592 476 Toomas Annus 65.3%
12 BLRT Grupp, AS metal industry 5 728 3495 399 Fjodor Berman 37.5%
13 Elisa
Andmesideteenused, AS
(Elisa Eesti, AS)
at the end of 2006 acquired
Elisa Mobiilsideteenused AS		 tele- communications 5 310 240 103 Elisa OYJ 100%
14 Tallinna Vesi, AS utilities sector 4697 693 248 United Utilities (Tallinn) B.V. 35,3%;
City of Tallinn 34.7%
15 Transgroup Invest, AS transport 4220 11 755 365

Sergei Glinka 50%;

Maksim Liksutov 50%
16 Eesti Raudtee, AS transport 3669 1821 249 BRS 66%,
Republic of Estonia 34%
(Republic of Estonia 100%)
17 Kunda Nordic Tsement, AS

production of

building materials

 2839 824 264 HeidelbergCement Sweden AB 75%
18 Viru Keemia Grupp, AS chemical industry 2796 1504 299

Tristen Trade OÜ 38.9%;

Alvekor OÜ 25.5%
19 Falck Baltics, AS
(G4S Baltics, AS)		 security services 2721 1560 172 Group 4 Falck International AS 55%;
US Securities Holding OÜ 26.87%
20 Pro Kapital Grupp, AS
Data for 2005		 immovable property 2689 2686 -85 Lion Ventura-Trustee-Servicos 39%
21 Ühendatud Kapital, AS immovable property 2586 439 509 Expert Capital S.A. 100%
22 Eesti Ehitus, AS construction 2543 2504 175 AS Nordecon 66.2%
23 Silberauto, AS commerce 2503 4008 184 Väino Kaldoja 100%
24 If Eesti Kindlustus, AS financial sector 2430 - 215 If P&C Insurance Holding Ltd
25 PTA Grupp AS
(Silvano Fashion Grupp, AS)		 commerce 2333 423 45 SIA Alta Capital Partners 73.9%
26 Rakvere Lihakombinaat, AS food industry 2287 1699 181 HK Ruokatalo OY 100%
27 Baltika, AS commerce 2159 899 87 OÜ BMIG 20.8%; management
board members in total 27.8%
28 A. Le Coq, AS food industry 2145 962 146 A. Le Coq Group AS 100% (Olvi Oyj)
29 Rimi Eesti Food, AS commerce 1923 5408 46 Rimi Baltic AB 100%
30

General DataComm

Internatonal, OÜ

 commerce 1892 824 135 General Datacomm OOO 100%
31 Magnum, AS commerce 1847 2169 104 Kadux B.V. 51,1%
32 Saku Õlletehase AS food industry 1702 770 118 Baltic Beverages Holding AB 75%
33

Toyota Baltic, AS
(period 01.04.2006-

31.03.2007)

 commerce 1702 3382 116 Toyota Motor Finland Oy 100%
34 Tallinna Lennujaam, AS transport 1601 331 95 Republic of Estonia 100%
35 Eurodek Tallinn, OÜ transport 1592 615 113 Blanin Holding Ltd. 100%
36 maxit Estonia, AS

production of

building materials

 1552 669 148 maxit Oy Ab 100%
37 Ekspress Grupp, AS media 1552 931 92 Hans Luik 65.2%;
OÜ HHL Rühm 34.8%
38 Trigon Capital, AS financial sector 1536 - 121 Joakim J. Helenius 55.7%,
Thominvest Oy 28.5%
39

Balti Investeeringute

Grupi Pank, AS

 financial sector 1522 - 174

Parvel Pruunsild 50%;

Vahur Voll 50%
40 Arco Vara, AS immovable property 1518 484 208 Toletum OÜ 66.7%,
HM Investeeringud OÜ 33.3%
41 Stockmann, AS commerce 1502 1245 127 Stockmann Oyj Abp 100%
42 Famar-Desi, AS
(Famar-Desi Grupp AS)		 commerce 1494 1744 103 AS Desintegraator 50%;
AS Famar-Kauba 50%
43 Hotell Viru, AS immovable property 1443 4 26 Pontos Oy 90%
44 Skanska EMV, AS construction 1418 1910 126 Skanska Oy 100%
45 Mecro, AS commerce 1386 1789 97 Ando Aron 75%,
Mart Lajal 25%
46 Ergo Kindlustuse AS financial sector 1370 - 121 ERGO International AG 100%
47 Pakterminal, AS transport 1362 388 147 Trans-Kullo AS 50%;
Tankmaatschappij Dipping B.V. 50%
48 Eesti Krediidipank, AS financial sector 1286 - 79 JSC Latvian Business Bank 65.7%;
Valentna Otsason 15.7%
49 Henkel Makroflex, AS

production of

building materials

 1260 942 112

BANK Austria Creditans- talt

AG Clients 100%
50 Lavesta, AS commerce 1187 3303 141

Roseglen Corporaton Limited

100%
51 ABB, AS

production of

electrical equipment

 1185 1376 59 ABB Norden Holding AB
52 Cramo Estonia, AS

construction

equipment rental

 1178 279 92 Cramo Oyj 100%
53 EKE Invest, AS immovable property 1119 277 79

Harju KEK AS 27%,

Uuemõisa Invest OÜ 20%
54 Transiidikeskuse AS transport 1117 390 155

Trans Investment Group

AS 80.4%
55 Riigi Kinnisvara AS immovable property 1108 188 43 Republic of Estonia 100%
56 Harju Elekter, AS

production of

electrical equipment

 1091 622 47

Harju KEK AS 30.1%;

ING Luxembourg S.A. 10%
57 Lennuliiklusteeninduse AS transport 1083 209 72 Republic of Estonia 100%
58 DBT, AS transport 1083 311 68 Transiidikeskus AS 45%;
CAPCO Holdings Limited 45%
59 Technomar & Adrem, AS timber industry 1064 475 94 Igor Izraeljan 90%
60 Elke Grupi AS commerce 1059 1627 72 Urmas Sepp/
Peeter Kangur/
Riho Sepp 26.3%;
Vello Väinsalu 20%
61 Eesti Meedia, AS media 1 058 12 63 Schibsted ASA 100%
62 E-Betoonelement, AS

production of

building materials

 1056 651 101 Consolis OY AB 100%
63 Norma, AS

production of

car parts

 1055 1047 86 Autoliv AB 51%
64 ES Sadolin AS chemical industry 1044 785 64 Akzo Nobel Coatings OY 90%
65 Ramirent, AS

construction

equipment rental

 1042 236 83 Ramirent Europe OY 100%
66 Eesti Gaas, AS utilities sector 1020 1630 56

OAO Gazprom 37.%;

E.ON Ruhrgas
International AG 33.6%;
Fortum Heat and Gas OY 17.7%
67 Neste Eest AS commerce 985 2273 96 Neste Oil Oyj 100%
68 Harju KEK, AS commerce 982 622 64

Lembit Kirsme 20.7%,

Endel Palla 10%
69 Konesko, AS

production of

electrical equipment

 970 673 69 Mart-Järvo Hirtentreu 46%
70 Krimelte, OÜ

production of

building materials

 969 756 79 Britech International LTD 49%
71

Rocca al Mare

Kaubanduskeskus, AS

 immovable property 956 81 53 Citycon Estonia OÜ
72 Nordea Finance Estonia, AS financial sector 938 - 63 Nordea Finance Finland Ltd
73 Eesti Statoil, AS commerce 937 2572 78 Statoil ASA 100%
74

Seesam Rahvusvaheline

Kindlustuse AS

 financial sector 930 - 83 OKO Bank Plc. 100%
75 Järvakandi Klaas, AS glass industry 926 483 73 OI Finnsh Holdings Oy 100%
76 Sokotel, AS hotels 926 302 65

Suomen Osuuskauppojen K

eskus-kunta 100%
77 Liviko, AS food industry 920 504 48 OÜ NG Investeeringud 100%
78 Nitrofert, AS chemical industry 916 834 37

Balmat Holding Limited

(Cyprus) 100%
79 Espak, AS commerce 913 839 58 Arvi Liivik 22.7%;
Maris Johannes 22.7%
80 Amserv Grupi AS commerce 907 1882 62

R.R. Varad OÜ 49.9%,

Raivo Kütt 25%,
Raivo Aavisto 25%
81 Prisma Peremarket, AS commerce 903 1516 52

Suomen Osuuskauppojen

Keskuskunta 100%
82 Teede REV-2, AS
(TREV-2 Grupp, AS)		 construction 901 1126 58 TREV Capital AS 67%
83 Starman, AS tele- communications 899 235 44 Royalton Capital Investors 33.4%;
OÜ Constock 19.1%;
OÜ Com Holding 17.8%
84 Mainor, AS immovable property 867 241 170

AS Maskello 26.4%;
Thominvest OY 13.1%;

Ülo Pärnits 11.7%
85 TTP, AS immovable property 852 468 205 Tiit Aava 80%
86 Skinest Grupp, AS commerce 844 638 104 Oleg Ossinovski 100%
87 Stora Enso Timber, AS timber industry 840 1799 -117 Stora Enso Timber Oy Ltd. 100%
88 Ehitus Service, OÜ commerce 825 805 52 Askembla Growth Fund 58%
89 Levadia Group, OÜ metal industry 819 1592 167 Viktor Levada 90%
90 Wendre, AS textile industry 809 688 60

Trading House Scandinavia

AB 100%
91 RDS Hotelli AS hotels 799 184 58

Pontos Development Ltd. 46.7%;
Finnish Fund for Industrial

Cooperation Ltd. 25.9%
92 Talter, AS construction 795 784 49 Lemminkäinen Oyj 99.4%
93 Leibur, AS food industry 776 293 41 Vaasan & Vaasan Oy
94 T.R. Tamme Auto, OÜ chemical industry 766 378 104

Toomas Tamm 60%;

Raivo Tamm 40%
95 Rudus Eesti, AS

production of

building materials

 759 543 73 Rudus AB OY 100%
96 Eesti AGA, AS chemical industry 758 190 64 OY AGA Ab 100%
97 Tartu Maja Betoontooted, AS

production of

building materials

 756 443 75 AS Merko Ehitus 25%;
AS Skanska EMV 25%;
AS YIT Ehitus 25%;
Jaan Luts 12.5%;
Vallot Mangus 12.5%
98 Manutent, OÜ immovable property 754 303 78 Harustemos OÜ 50%
99 Kolle, AS

production of

building materials

 753 753 119 Kai Konstruktor AS 70.2%
100 E.O.S., AS transport 750 767 268

Intercross Investments

AB 48.6%