Lithuania’s highest-grossing companies

Lithuania’s highest-grossing companies

Lithuania, a Baltic nation with a rapidly growing economy, has developed a diverse range of industries, including technology, manufacturing, and financial services. The country’s highest-grossing companies showcase its economic dynamism and innovative capabilities.

1. Ignitis Group

Ignitis Group is a leading energy company in Lithuania and one of the largest in the Baltic region. It specializes in electricity and gas supply, renewable energy projects, and infrastructure development. With its focus on sustainability and green energy, Ignitis plays a critical role in Lithuania’s energy transition. The group operates internationally, contributing significantly to the Lithuanian economy.

2. Maxima Group

Maxima Group is a dominant player in the retail industry, operating a chain of supermarkets across Lithuania and other Baltic and European countries. Known for its extensive product range and competitive pricing, Maxima has become a household name in Lithuania. Its strong market presence and revenue generation make it one of the top contributors to Lithuania’s economy.

3. Telia Lietuva

Telia Lietuva, part of the Nordic telecom giant Telia Company, is a leading telecommunications and IT services provider in Lithuania. The company offers a wide range of services, including mobile, broadband, and TV services. Telia Lietuva’s commitment to technological innovation has made it a key player in Lithuania’s digital transformation.

4. Vilniaus Prekyba

Vilniaus Prekyba is the parent company of several major retail and real estate businesses, including Maxima Group. It manages investments in the retail and service sectors across Europe. With its diversified portfolio, Vilniaus Prekyba significantly impacts Lithuania’s business landscape and GDP.

5. Achema Group

Achema Group is a major industrial conglomerate specializing in fertilizers, chemicals, and logistics. It operates one of the largest chemical plants in the Baltic region and is a key exporter for Lithuania. The company’s contributions to the industrial and agricultural sectors have made it a cornerstone of Lithuania’s economy.

6. Orlen Lietuva

Orlen Lietuva is an oil refining company owned by the Polish multinational PKN Orlen. Based in Mažeikiai, it operates the only oil refinery in the Baltic States. The company is a major exporter of petroleum products and an essential contributor to Lithuania’s energy sector.

7. Švyturys-Utenos Alus

Švyturys-Utenos Alus is Lithuania’s largest beer producer and a subsidiary of the Carlsberg Group. Known for its traditional and modern brewing techniques, the company has a strong market presence locally and exports its products globally. It is a symbol of Lithuanian culture and craftsmanship.

8. Western Union Processing Lithuania

Lithuania is a hub for financial services, and Western Union Processing Lithuania is a testament to this. The company handles Western Union’s global financial operations and employs a large workforce in Vilnius. Its presence boosts Lithuania’s reputation as a fintech and outsourcing destination.

9. Lietuvos Geležinkeliai (LTG)

Lietuvos Geležinkeliai, or Lithuanian Railways, is a state-owned enterprise that manages the country’s rail transport. It is a key player in logistics and transportation, connecting Lithuania with neighboring countries and Europe. LTG’s operations are vital for trade and economic growth.

10. Girteka Logistics

Girteka Logistics is one of Europe’s largest logistics companies, headquartered in Lithuania. Specializing in full truckload (FTL) services, Girteka operates a vast fleet and employs thousands of people. Its focus on efficiency and innovation has made it a leader in the logistics industry.

These companies not only generate significant revenue but also play critical roles in employment, innovation, and international trade. Together, they reflect Lithuania’s economic resilience and its aspirations on the global stage.