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ELKO Group Interim Report September – December, 2018

Growth continues. Turnover in the 12 months increased by 11% over the corresponding period in 2017.
  • Revenue USD 1 769 million, up by 11% year-on-year
  • Gross profitability 4.7%, a slight decrease comparing to 5.1% in 2017, 12 months.
  • Gross profit USD 83 million, up by 6% year-on-year
  • Net profit USD 9.4 million, decrease of 32% year-on-year
  • CEE – down by 23%, reaching USD 1 112 million
  • CIS – up by 27%, reaching USD 383 million
  • Baltic States – up by 51%, reaching USD 178 million
  • Nordic countries* – reached USD 96 million in turnover
*The revenues of the Nordic region are included in the report since July 2017 after the acquisition of 85% shareholding in Gandalf Distribution AB.
The ELKO Group is one of the region's largest distributors of IT products and solutions, representing 400 IT manufacturers, and providing 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 2017 amounted to USD 1 593 million.
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  2. ELKO Group Interim Report September – December, 2018