Estonia Big Green Snowflakes

AS Merko Ehitus

Market Cap: €526.6m

Through its subsidiaries, engages in the construction and real estate development activities in the Republic of Estonia, Latvia, Lithuania, and Norway.

Hepsor

Market Cap: €25.4m

Engages in the real estate development business in Estonia, Latvia, and Canada.

TextMagic

Market Cap: €18.3m

Through its subsidiaries, development and management of software products in the United States, the United Kingdom, Australia, Canada, the European Union, and internationally.

TKM Grupp

Market Cap: €376.3m

Owns and operates supermarkets and department stores primarily in Estonia, Latvia, and Lithuania.

AS Ekspress Grupp

Market Cap: €31.7m

Provides digital content and advertising solutions in the Estonia, Lithuania, Latvia, Rest of Europe, and internationally.

AS Tallinna Sadam

Market Cap: €313.0m

Provides port services in the Republic of Estonia, Canada, and Great Britain.

AS Trigon Property Development

Market Cap: €3.1m

Operates as a real estate development company.

AS Harju Elekter

Market Cap: €86.5m

Provides electrical power distribution solutions in Estonia, Finland, Sweden, Norway, Germany, the Netherlands, and internationally.

AS LHV Group

Market Cap: €1.1b

Provides various banking products and services to private and business customers in Estonia and United Kingdom.

Coop Pank

Market Cap: €199.2m

Provides banking and financing solutions to private and corporate clients in Estonia.

AS Infortar

Market Cap: €969.0m

Together with its subsidiaries operates in the maritime transportation, energy, and real estate sectors in Estonia, Finland, Lithuania, Latvia, rest of European Union, and internationally.

AS Tallinna Vesi

Market Cap: €213.0m

A water utility company, provides drinking water and wastewater services in Estonia.

AS Silvano Fashion Group

Market Cap: €46.1m

Through its subsidiaries, engages in the design, manufacturing, and distribution of women’s lingerie in Estonia, Russia, Belarus, Ukraine, the Baltics, Kazakhstan, Moldova, and internationally.

Arco Vara

Market Cap: €30.7m

Engages in the real estate development and services related to real estate in Estonia, Latvia, and Bulgaria.

aktsiaselts Linda Nektar

Market Cap: €8.9m

Engages in the production and fermentation of beverages.

Nordecon

Market Cap: €21.7m

Operates as a construction company in Estonia and Ukraine.

AS Tallink Grupp

Market Cap: €455.1m

Provides marine transportation services in the Baltic Sea.

Bercman Technologies

Market Cap: €1.8m

Engages in the development and sale of smart city and mobility-related technologies and products in Estonia, Finland, Greece, Croatia, Lithuania, Sweden, Singapore, the United States, Switzerland, the United Kingdom, Bosnia, Herzegovina, and Australia.

Saunum Group

Market Cap: €4.6m

Engages in the development, production, and sale of sauna heaters and indoor air conditioners in Estonia.

AS Pro Kapital Grupp

Market Cap: €77.7m

A real estate development company, purchases, develops, operates, manages, rents, and sells commercial and residential real estate properties in Estonia, Latvia, Germany, Lithuania, and Italy.

AS Modera

Market Cap: €9.6m

Provides software as a service solution to companies involved in car sales, marketing, brokerage, manufacturing, and import in Estonia and internationally.

Baltic Horizon Fund

Market Cap: €34.6m

A regulated closed-end contractual investment fund registered in Estonia on 23 May 2016.

Nordic Fibreboard

Market Cap: €3.8m

Engages in the production and wholesale of building materials in the European Union, Africa, the Middle East, Asia, and internationally.

Airobot Technologies

Market Cap: €5.0m

An air technology company, provides ventilation systems in Estonia, and other Europe union countries.

Grab2Go

Market Cap: €1.4m

Engages in the development of autonomous, unmanned, and robotic convenience store technologies for retailers primarily in Estonia.

AS PRFoods

Market Cap: €2.2m

Engages in producing, processing, and selling fish and fish products in the United Kingdom, Estonia, and internationally.

Robus Group

Market Cap: €603.8k

Focuses on the production, development, and sale of sports equipment worldwide.

Punktid Technologies

Market Cap: €485.9k

A holding company, which through its subsidiaries develops and owns an online sales environment for video games, Nintendo, PlayStation, and Xbox digital codes in Estonia, rest of Europe, Asia, and the United States.

J. Molner

Market Cap: €43.8m

A pharmaceutical company, provides research and development services for pharmaceutical companies in the United States, Canada, and Europe.

Primostar Group

Market Cap: €7.8m

Provides waterproofing solutions for structures.

Hagen Bikes Holding

Market Cap: €170.3k

Hagen Bikes Holding AS engages in production, marketing, and sale of box cycles and their accessories in Estonia and Europe.