23 May, 2023
ELKO Group Interim Report January-March 2023
ELKO Group has been able to rapidly reorient itself after divestment of Russian operations in April 2022, and on the first quarter shows stable and positive results.
Riga, 2023-05-23 12:46 CEST -- January – March 2023 highlights
- Revenue USD 328.2 million (EUR 306.2 million), a decrease of 15.7% year-on-year
- Gross profitability 6.8%, a decrease compared to 8.8% in 2022
- Gross profit USD 22.4 million (EUR 20.9 million), down by 34.5% year-on-year
- Net profit USD 4.7 million (EUR 4.4 million), down by 54% year-on-year
About ELKO Group
The ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions, representing 350 world-leading manufacturers. The company provides a wide range of products and services to more than 10 000 retailers, local computer manufacturers, system integrators and enterprises within various sectors in 12 countries in Europe and Central Asia.