Published: 2021-11-24 11:53:27 CET
ELKO Grupa
Interim information

ELKO Group Interim Report January–September, 2021

A complicated environment is beneficial for distributors.

Rīga, 2021-11-24 11:53 CET -- 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

Instagram: elko_group

 

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


2021_Jan-Sep_ELKO Group_InterimReport_consolidated.pdf