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.
  • 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.
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  2. ELKO Group Interim Report January–September 2023