NACE division

NACE 02 Forestry and logging

4,167 companies currently classified in this industry by CSP

This division includes silviculture and the production of roundwood as well as the extraction and gathering of wild-growing non-wood forest products. Besides the production of timber, forestry activities result in products that undergo little processing, for example, firewood, charcoal or roundwood used in an unprocessed form (such as pit-props or pulpwood). These activities can be carried out in natural, semi-natural or planted forests.

Industry indicators

Median, 25th and 75th percentile across companies in the industry for the selected year.

Size

NACE 02 Forestry and logging · 2025 · Size
Indicator25th percentileMedian75th percentileTotalCompanies
Net turnover Reported net turnover€11,666€77,048€294,271€1 880m2,234
Net profit or loss Reported net income-€4,283€1,122€17,671€273m2,234
Total assets Reported total assets€12,260€65,988€287,415€3 559m2,236
Employees Reported average employees12310,8292,241

Profitability

NACE 02 Forestry and logging · 2025 · Profitability
Indicator25th percentileMedian75th percentileTotalCompanies
Revenue growth (Net turnover − previous year net turnover) ÷ previous year net turnover-34.5%-4.3%33.5%—1,806
Gross profit margin Gross profit ÷ net turnover-0.3%13.7%36.8%—1,756
Net profit margin Net profit ÷ net turnover-8.2%2.9%16%—1,922
Return on assets (ROA) Net profit ÷ total assets at year end-12.2%1.2%18.6%—2,193
Return on equity (ROE) Net profit ÷ equity at year end-7.6%6.2%35.7%—1,802

Liquidity

NACE 02 Forestry and logging · 2025 · Liquidity
Indicator25th percentileMedian75th percentileTotalCompanies
Current ratio Current assets ÷ current liabilities0.64×1.99×7.29×—2,081
Quick ratio (Current assets − inventories) ÷ current liabilities0.36×1.48×5.73×—2,081
Cash ratio Cash ÷ current liabilities0.05×0.54×3.36×—2,081

Capital structure

NACE 02 Forestry and logging · 2025 · Capital structure
Indicator25th percentileMedian75th percentileTotalCompanies
Equity ratio Equity ÷ total assets19.9%63.3%89.5%—2,195
Debt-to-assets Liabilities ÷ total assets (liabilities = total equity and liabilities − equity)10.5%36.7%80.1%—2,195
Debt-to-equity Liabilities ÷ equity0.08×0.35×1.12×—1,803

Activity and efficiency

NACE 02 Forestry and logging · 2025 · Activity and efficiency
Indicator25th percentileMedian75th percentileTotalCompanies
Asset turnover Net turnover ÷ total assets0.24×1.13×2.51×—2,193
Receivables collection period Accounts receivable ÷ net turnover × 3656 days21 days56 days—1,922
Revenue per employee Net turnover ÷ average employees€20,428€50,306€106,938—1,872

Cash generation

NACE 02 Forestry and logging · 2025 · Cash generation
Indicator25th percentileMedian75th percentileTotalCompanies
Operating cash-flow margin Net operating cash flow ÷ net turnover0%4.2%15.4%—65

Taxes

NACE 02 Forestry and logging · 2025 · Taxes
Indicator25th percentileMedian75th percentileTotalCompanies
Taxes paid VID published annual total€0€1,350€12,610€97m2,627
Taxes paid per employee Taxes paid ÷ VID average employees€241€3,300€8,271—1,724

Median Net turnover by year

Median Net turnover by year
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Median Net turnover by year
2019€39,728
2020€37,400
2021€44,873
2022€70,882
2023€67,650
2024€69,914
2025€77,048

Largest companies by net turnover

Active companies, by net turnover in their latest annual report.

  1. 1.Akciju sabiedrība "Latvijas valsts meži"€604,585,145 · 2025
  2. 2.SIA Timbro€46,158,320 · 2025
  3. 3.SIA Ingka Investments Timber€44,576,635 · 2025
  4. 4."BILLERUD Latvia" SIA€40,959,880 · 2025
  5. 5.SIA "R GRUPA"€39,490,250 · 2024
  6. 6.SIA "KRAUZERS"€34,448,081 · 2025
  7. 7.SIA "JUBERGS"€29,524,339 · 2025
  8. 8.Akciju sabiedrība "PATA Strenči"€27,873,217 · 2025
  9. 9.SIA "LIVO mežs"€24,298,554 · 2025
  10. 10.SIA "Niedrāji MR"€23,936,590 · 2025
  11. 11.SIA "Rīgas meži"€21,497,564 · 2025
  12. 12.Sabiedrība ar ierobežotu atbildību "INDĀRES"€19,185,949 · 2025

Classes in this division

Sources and method

Methodology, sample and formulas
Population and report selection
Each company contributes at most one value per year and indicator. Current CSP NACE 2.1 classification is applied to all historical years. FTM selects a non-annulled, non-removed annual DUF report by latest period end, then registration date and record ID. Monetary comparisons use EUR reports with the filed rounding unit applied.
Median and quartiles
P25, median (P50) and P75 use continuous percentiles with linear interpolation between ordered observations. The shaded range spans P25–P75, the middle half of company values. Companies have equal weight; figures are not revenue-weighted.
Outliers
No trimming, winsorisation or outlier exclusion is applied. Extreme reported values remain in the distribution. The interquartile band reduces their visual influence but does not remove them.
Minimum sample
At least 5 valid company values are required separately for each year, indicator and group. The displayed company count is that indicator’s sample, not every company in the industry. Smaller samples are not published.
Periods and annualisation
The last seven completed calendar years are published. Ratios use closing balance-sheet values, not average balances. Results are not annualised or inflation-adjusted; short or long reporting periods can affect comparisons. Receivable days use a fixed 365-day convention.
Missing or invalid inputs
Missing inputs and zero or negative denominators produce no ratio, not zero. Quick ratio requires reported inventories. Growth requires the preceding calendar year. Liabilities use total equity and liabilities minus equity, otherwise current plus non-current liabilities and reported provisions.
Above, below or close
“Close” means within 10% of the P75–P25 range around the median (an exact match if the range is zero). Above and below describe position, not good or bad performance. No company percentile rank or credit score is inferred.
Derived annual taxes
For completed years with all four quarters, tax amounts are summed and average employees are the four-quarter average rounded down. Published quarterly values in thousands of EUR are converted to EUR. These derived years take precedence in comparisons. Missing quarters are not extrapolated.

How these indicators are calculated

Net turnover
Reported net turnover
Net profit or loss
Reported net income
Total assets
Reported total assets
Employees
Reported average employees
Revenue growth
(Net turnover − previous year net turnover) ÷ previous year net turnover
Gross profit margin
Gross profit ÷ net turnover
Net profit margin
Net profit ÷ net turnover
Return on assets (ROA)
Net profit ÷ total assets at year end
Return on equity (ROE)
Net profit ÷ equity at year end
Current ratio
Current assets ÷ current liabilities
Quick ratio
(Current assets − inventories) ÷ current liabilities
Cash ratio
Cash ÷ current liabilities
Equity ratio
Equity ÷ total assets
Debt-to-assets
Liabilities ÷ total assets (liabilities = total equity and liabilities − equity)
Debt-to-equity
Liabilities ÷ equity
Asset turnover
Net turnover ÷ total assets
Receivables collection period
Accounts receivable ÷ net turnover × 365
Revenue per employee
Net turnover ÷ average employees
Operating cash-flow margin
Net operating cash flow ÷ net turnover
Taxes paid
VID published annual total
Taxes paid per employee
Taxes paid ÷ VID average employees

Distributions are calculated by FTM from published annual reports and VID tax payments, grouped by each company’s current CSP NACE Rev. 2.1 class. Ratios use year-end balances. Groups with fewer than 5 companies are not shown. “Close to median” means within 10% of the interquartile range of the median.

Earlier years are grouped by the company’s current classification. VID publishes tax debts per company only, so there is no industry tax-debt statistic.

Benchmarks published 2026-10-19.

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