17 Nov, 2023
ELKO Group Interim Report January–September 2023
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 profitability and profit in the first 9 months of 2023 have normalized and are even higher than in the pre-pandemic year (2019) for comparison.
January – September 2023 highlights
- Revenue USD 845.4 million (EUR 780.6 million), a decrease of 24% year-on-year
- Gross profitability 6.9%, a decrease compared to 9.8% in 2022
- Gross profit USD 58.2 million (EUR 53.7 million), down by 46.4% year-on-year
- Net profit USD 8.2 million (EUR 7.5 million), down by 71.8% year-on-year
More comments on results in the Management report of the attached Financial Statement.