NACE class

NACE 73.11 Activities of advertising agencies

3,415 companies currently classified in this industry by CSP

This class includes: - provision of a full range of advertising services (i.e. through in-house capabilities or subcontracting), including advice, creative services, production of advertising material - planning and organising advertising and marketing campaigns - placing advertisements in the media - conceptual work on advertising messages - managing the course of advertising campaigns - creation and realisation of advertising campaigns: • creating and placing advertising, planning social media marketing campaigns in newspapers, periodicals, radio, television, over the internet and other media • creating and placing of outdoor advertising (e.g. billboards, panels, bulletins and frames, window dressing, showroom design, car and bus carding) • aerial advertising • distribution or delivery of advertising material or samples • design of stands and other display structures and sites - conducting marketing campaigns and other advertising services • promotion of products • merchandising • point-of-sale marketing • direct mail advertising • marketing consulting • influencer marketing

Industry indicators

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

Size

NACE 73.11 Activities of advertising agencies · 2025 · Size
Indicator25th percentileMedian75th percentileTotalCompanies
Net turnover Reported net turnover€3,564€27,402€106,252€510m1,757
Net profit or loss Reported net income-€918€603€9,649€10m1,757
Total assets Reported total assets€2,412€12,942€55,660€251m1,758
Employees Reported average employees0124,0111,760

Profitability

NACE 73.11 Activities of advertising agencies · 2025 · Profitability
Indicator25th percentileMedian75th percentileTotalCompanies
Revenue growth (Net turnover − previous year net turnover) ÷ previous year net turnover-24.1%4.2%37.1%—1,379
Gross profit margin Gross profit ÷ net turnover13.2%37.3%76.9%—1,397
Net profit margin Net profit ÷ net turnover-6.7%4.8%20.9%—1,492
Return on assets (ROA) Net profit ÷ total assets at year end-19.4%6.8%39.9%—1,692
Return on equity (ROE) Net profit ÷ equity at year end-2.8%23.3%68.8%—1,250

Liquidity

NACE 73.11 Activities of advertising agencies · 2025 · Liquidity
Indicator25th percentileMedian75th percentileTotalCompanies
Current ratio Current assets ÷ current liabilities0.54×1.79×5.82×—1,631
Quick ratio (Current assets − inventories) ÷ current liabilities0.41×1.63×5.39×—1,631
Cash ratio Cash ÷ current liabilities0.05×0.61×3.2×—1,631

Capital structure

NACE 73.11 Activities of advertising agencies · 2025 · Capital structure
Indicator25th percentileMedian75th percentileTotalCompanies
Equity ratio Equity ÷ total assets-6.2%61.3%89%—1,693
Debt-to-assets Liabilities ÷ total assets (liabilities = total equity and liabilities − equity)11%38.7%106.2%—1,693
Debt-to-equity Liabilities ÷ equity0.06×0.26×1.04×—1,251

Activity and efficiency

NACE 73.11 Activities of advertising agencies · 2025 · Activity and efficiency
Indicator25th percentileMedian75th percentileTotalCompanies
Asset turnover Net turnover ÷ total assets0.7×1.96×4.15×—1,692
Receivables collection period Accounts receivable ÷ net turnover × 3654 days25 days72 days—1,492
Revenue per employee Net turnover ÷ average employees€12,016€35,071€76,147—1,307

Cash generation

NACE 73.11 Activities of advertising agencies · 2025 · Cash generation
Indicator25th percentileMedian75th percentileTotalCompanies
Operating cash-flow margin Net operating cash flow ÷ net turnover0%1.5%23.3%—27

Taxes

NACE 73.11 Activities of advertising agencies · 2025 · Taxes
Indicator25th percentileMedian75th percentileTotalCompanies
Taxes paid VID published annual total€50€2,040€15,610€70m2,067
Taxes paid per employee Taxes paid ÷ VID average employees€2,500€7,453€16,850—1,156

Median Net turnover by year

Median Net turnover by year
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Median Net turnover by year
2019€19,615
2020€16,968
2021€18,122
2022€20,127
2023€22,972
2024€24,545
2025€27,402

Largest companies by net turnover

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

  1. 1.WhatDigital SIA€71,843,736 · 2025
  2. 2.AS "MIXD Performance"€36,843,374 · 2023
  3. 3.AS "RPH MARKETING LATVIA"€18,464,881 · 2025
  4. 4.Sabiedrība ar ierobežotu atbildību "Top Media"€15,369,886 · 2025
  5. 5.SIA MBD Latvia€13,635,688 · 2025
  6. 6."Inspired" SIA€13,396,925 · 2025
  7. 7.Sabiedrība ar ierobežotu atbildību "Trendmark"€13,139,455 · 2025
  8. 8.SIA "Intense Media Baltic"€12,239,619 · 2025
  9. 9.Sabiedrība ar ierobežotu atbildību "MMS COMMUNICATIONS LATVIA"€10,065,217 · 2025
  10. 10.SIA "BATTIKA"€8,009,079 · 2025
  11. 11."Nord Media Group" SIA€7,633,728 · 2025
  12. 12.SIA "Visual Media Group"€7,448,384 · 2025

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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