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.

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.