News
26 May, 2025
ELKO Group Interim Report January-March 2025
Focused execution delivered growth despite market headwinds, with signs of recovery emerging toward quarter-end.
January – March 2025 highlights
- Revenue USD 253 million (EUR 241 million), an increase of 0.8% year-on-year
- Gross profitability 8.1%, an increase compared to 7.6% in the 1st quarter of 2024
- Gross profit USD 20.6 million (EUR 19.6 million), an increase of 7.5% year-on-year
- Net profit USD 1.4 million (EUR 1.3 million), a decrease of 30.3% 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 13 countries in Central Eastern Europe and the Nordics. Established in 1993, Latvia.
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