ELKO Group Interim Report January–September, 2021

Akciju Sabiedrība ELKO Grupa
Unaudited Consolidated Financial Statements
For 9 months ended 30 September 2021
A complicated environment is beneficial for distributors.

Stretched supply chains, production disruptions, challenges in accessing energy for manufacturers complicate the environment and make IT and consumer electronics goods more expensive and deficient. The more complex the environment, the more services with higher added-value ELKO Group can provide to manufacturers, despite the lower turnover, resulting in higher profits.
  • Revenue USD 1,487 million (EUR 1,243 million), a decrease of 0.6% year-on-year
  • Gross profitability 6.5%, an increase compared to 5.6% in 2020, 9 months
  • Gross profit USD 97.3 million (EUR 81.4 million), up by 16.1% year-on-year
  • Net profit USD 25.5 million (EUR 21.3 million), an increase of 16.9% year-on-year
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  2. ELKO Group Interim Report January–September, 2021