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Formiko Hydraulics SIA (Latvia)

Main Activities: Turbine and Turbine Generator Set Units Manufacturing
Full name: Formiko Hydraulics SIA Profile Updated: December 24, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English & Russian Download a sample report

Formiko Hydraulics SIA is a company in Latvia, with a head office in Riga. The enterprise currently operates in the Turbine and Turbine Generator Set Units Manufacturing sector. The company was established on December 05, 2012. The total number of employees is currently 69 (2023). From the latest financial highlights, Formiko Hydraulics SIA reported a net sales revenue drop of 21.67% in 2024. Its’ total assets recorded a growth of 10.6%. Formiko Hydraulics SIA’s net profit margin decreased by 3.23% in 2024.

Headquarters
Dzirciema iela 119 k-1
Riga; Riga; Postal Code: 1055

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Basic Information
Total Employees:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 05, 2012
Key Executives
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Member of Management Board
Ownership Details
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73.81%
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26.19%
Company Performance
Financial values in the chart are available after Formiko Hydraulics SIA report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EUR. Absolute financial data is included in the purchased report.
Net sales revenue
-21.67%
Total operating revenue
-20.74%
Operating profit (EBIT)
-31.3%
EBITDA
-31.3%
Net Profit (Loss) for the Period
-28.25%
Total Assets
10.6%
Total Equity
-42.79%
Operating Profit Margin (ROS)
-3.02%
Net Profit Margin
-3.23%
Return on Equity (ROE)
-41.44%
Quick Ratio
-0.04%
Cash Ratio
-0.02%

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