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ELKO Group Interim Report January–June, 2019

Several internal development projects, system upgrades, expanding product portfolio and warehouses in Baltics, Russia and Romania, new contracts and vendors, integration of acquired companies and ambitious strategies – first half of 2019 shows focus on smarter operations and company.
  • Consolidated turnover USD 747 million (EUR 661 million), down by 0.31% year-on-year
  • Gross profitability 5.1%, a increase comparing to 4.6% in 2018, 6 months.
  • Gross profit USD 38.2 million (EUR 33.9 million), up by 9.9% year-on-year
  • Net profit USD 4.4 million (EUR 3.9 million), increase of 17% year-on-year
ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions representing 400 IT manufacturers. The Group 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 31 countries across Europe and Central Asia. The Group’s turnover in 2018 amounted to USD 1 768 million (EUR 1 497 million).
More information: elkogroup.com/investors

Janis Kirsis
Head of Treasury
4, Toma Street, Riga, LV-1003, Latvia
+ 371 6709 2357

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  2. ELKO Group Interim Report January–June, 2019