ELKO Grupa
Interim information

CORRECTION: ELKO Group Interim Report January–September, 2021

A complicated environment is beneficial for distributors.

Rīga, 2021-11-26 09:35 CET -- CORRECTION: Corrected Consolidated cash flows statement's figures on page 9: Proceeds from bank overdrafts, net; Net cash flows (used in) / from financing activities; Net decrease in cash and cash equivalents; Cash and cash equivalents at end of the period.

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.

January – September 2021 highlights

Revenue USD 1,487 million (EUR 1,243 million), decrease of 0.6% year-on-year

Gross profitability 6.5%, an increase comparing 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), increase of 16.9% year-on-year

About ELKO Group

The ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions, representing 400 IT manufacturers. The company 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 11 countries in Europe.

More information:

www.elkogroup.com

LinkedIn: https://www.linkedin.com/company/elko-group

Facebook: https://www.facebook.com/elkogroup/

Twitter: @ELKO_Group

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         Janis Kirsis
         Head of Treasury
         ELKO Grupa AS
         4, Toma Street, Riga, LV-1003, Latvia
         + 371 6709 2357
         janis.kirsis@elkogroup.com