Longo Group is included in Financial Times TOP 1000 list of fastest-growing European companies
Longo Group has been included in the prestigious business media Financial Times list of fastest-growing companies, the FT 1000, and recognized as the fastest-growing company in Latvia. The company is ranked 550th in this list, achieving the highest result among Latvian companies, and ranked 10th in the automotive sector.
The FT 1000, published by the British business newspaper Financial Times, is prepared annually in collaboration with the independent market research company Statista, compiling one thousand European companies that have achieved the highest overall revenue and CAGR growth over a four-year period.
Link to the ranking: https://www.ft.com/ft1000-2024
Since its establishment, Longo Group has sold cars totaling EUR 170 million over six years. The company conducts trade in Riga, Vilnius, Panevėžys, Klaipėda, Tallinn, Narva, and the Polish city of Białystok. "Our successful collaboration with 16 thousand clients has resulted not only in rapid growth but also in the intention to work in both the used and new car segments in the future. I believe this approach will ensure greater affordability than currently available, so I am confident that the company's development will continue," says E. Cērps.
The group provides full-cycle purchase and sales processes for used cars. Cars are mainly purchased through subsidiaries in the Netherlands, Belgium, and Germany, while vehicle inspection, quality assurance, on-site or online sales, and after-sales warranty are carried out in the Baltic States and Poland. The company is working towards achieving its environmental goals by introducing cars intended for sale in the Baltic States and Poland with lower CO2 emissions than the market average.
Dārta Keršule
Group CFO
Tel. +371 2957 8094
darta.kersule@longo.group
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