The weekly Eesti Ekspress has published a list of 100 Estonian companies of the highest market value drawn up by Gild Bankers, with the Eesti Energia power utility at the top.
The Gild list puts Eesti Energia’s market value at 7.4 billion kroons (EUR 473 mln), 26% higher than last year.
On year, the total market value of the 100 most valuable Estonian companies has fallen from 304 billion kroons to nearly 138 billion kroons or by nearly 55%.
Swedbank, top of the list last year, is now in the second place and worth 15.2 billion kroons, only one fifth of its last year’s value. Eesti Telekom is third at 8.4 billion kroons, half of its last year’s value.
Starting from the fourth place the company values are considerably smaller. The market value of Tele2 Eesti is 4.7 b, that of BLRT Grupp 4.6 b, Tallink Grupp 4 b, SEB Pank nearly 4 b, Elisa Eesti 3.5 b, Tallinna Sadam 3.4 b and Tallinna Vesi 2.8 billion kroons.
The value of all the companies in the top ten has contracted by 25-79%.
Last year Swedbank stood at the top of Gild’s list, followed by Eesti Energia, SEB Pank and Eesti Telekom.
Source: Estonian Review