Private company

Latvijas valsts meži

Logo: lvm.lv3

Latvian state-owned forestry company

Latvijas valsts meži (LVM; literally "Latvia's State Forests") is a Latvian state-owned forestry company. It manages and protects state-owned forest land in Latvia and is wholly owned by the Republic of Latvia, with the state's shares held by the Ministry of Agriculture.2 It employed 1,480 people in 2023.1 Its revenue was €626 million in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

Oct 28, 1999Founded1
  • Industryforestry1
  • HeadquartersRiga1
  • Websitewww.lvm.lv
  • Legal formakciju sabiedrība1

Latvijas valsts meži (LVM; literally "Latvia's State Forests") is a Latvian state-owned forestry company. It manages and protects state-owned forest land in Latvia and is wholly owned by the Republic of Latvia, with the state's shares held by the Ministry of Agriculture.2

Corporate structure

Latvijas valsts meži sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Latvijas valsts meži Riga
    • Latvijas vēja parki Stake · 20% · Latvia

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

Subsidiaries and ownership

Owners

Subsidiaries

  • Latvijas vēja parki

From Wikidata.1

Employees over time

  • 20231,4801

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Latvijas valsts meži revenue by year1626.0M EUR in 2023+10% since 2022
0200.0M EUR400.0M EUR600.0M EUR800.0M EUR2022: 566.6M EUR566.6M EUR20222023: 626.0M EUR626.0M EUR2023+10%
  • 2023626.0M EUR1
  • 2022566.6M EUR1

Net income

Latvijas valsts meži net income by year1220.8M EUR in 2023−9% since 2022
0100.0M EUR200.0M EUR300.0M EUR2022: 242.2M EUR242.2M EUR20222023: 220.8M EUR220.8M EUR2023−9%
  • 2023220.8M EUR1
  • 2022242.2M EUR1

Timeline

  1. Oct 28, 1999Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3