ELKO Group Interim Report January–March 2024

Continued solid profitability even in a stagnant market environment.

January – March 2024 highlights

• Revenue USD 251.2 million (EUR 231.3 million), a decrease of 23.5% year-on-year
• Gross profitability 7.6%, an increase compared to 6.8% in the same period in 2023
• Gross profit USD 19.1 million (EUR 17.6 million), down by 14.4% year-on-year
• Net profit USD 2.0 million (EUR 1.9 million), down by 56.4% 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 IT 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 13 countries in Europe and Central Asia.