21 Aug, 2023
ELKO Group Interim Report January–June
After exceptionally high-performing years of pandemic-driven demand for IT goods, and despite a volume drop after the divestment of Russian operations in April 2022, ELKO Group's financial figures in the first 6 months of 2023 have normalized and are even higher than in the pre-pandemic year (2019) for comparison.
January – June 2023 highlights
- Revenue USD 577.5 million (EUR 534.5 million), a decrease of 25.2% year-on-year
- Gross profitability 7.3%, a decrease compared to 10.2% in 2022
- Gross profit USD 42 million (EUR 38.9 million), down by 46.8% year-on-year
- Net profit USD 6.5 million (EUR 5.9 million), down by 66.7% year-on-year
More comments on results in the Management report of the attached Financial Statement.