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ELKO Group reports record high fourth quarter results for 2005

12.01.2006

ELKO Group announced today a record high revenue of 225,9 Mio $ for the fourth quarter in 2005. As usual the fourth quarter was the strongest quarter of the year with 36% increase compared to the previous quarter and 59% increase compared to fourth quarter in 2004. Operating income and net profits are also expected to be higher than originally planned.

“Our immense sales power in our territories is delivering extraordinary achievements as demonstrated by company’s fourth quarter results. We continued to generate industry’s leading growth and therefore underscoring our position as a leading IT distributor in the CEE and CIS countries,” stated Jens Hartmann, Chief Executive Officer, CEO, of the ELKO Group today. “We are very pleased with the development of our business as we are growing three times faster as the markets we are in.

With this fourth quarter performance ELKO Group expects also far better year’s results as planned. Company will report preliminary numbers for year 2005 in mid February.