ELKO Group Interim Report January–March, 2017
Riga, 2017-05-18 15:17 CEST --
• Revenue 248 million USD (233 million EUR), down by 1.5% year-on-year
• Gross profitability 6.6%, which is noticeable increase comparing to 4.8% in 2016, 3 months.
• Gross profit 16 million USD (15 million EUR), up by 36% year-on-year
• Net profit 1.6 million USD (1 million EUR), up by 53% year-on-year
In 3-month period ELKO Group’s revenues stood at nearly the same level as in 2016, showing 248 million USD (233 million EUR) revenues compared to 252 million USD (229 million EUR) in 2016.
Turnover breakdown by regions
CEE – up by 3.4%, reaching 104 million USD (97 million EUR)
CIS – down by 5.2%, reaching 119 million USD (112 million EUR)
Baltics – down by 2.8%, reaching 25 million USD (26 million EUR)
During the first quarter of the year, new or extended distribution contracts were signed with 12 manufacturers: Axiomtek (industrial automation), DellEMC (storage, servers, networking), Conteg (data centre accessories), Kramer (audio/video communication), ZTE (smartphones), Gigabyte (consumer electronics), Rayberry (multimedia), Hercules/Thrustmaster (multimedia), Mobile Action (wearables), Chieftec (cases), Philips LED (lighting), Ernest (smart home).
About ELKO Group
The ELKO Group is of the region's largest distributors of IT products and solutions, representing 160 IT manufacturers, and providing a wide range of products and services to more than 6 000 retailers, local computer manufacturers, system integrators and enterprises within various sectors in 24 countries in Europe and Central Asia. The Group’s turnover in 2016 amounted to 1 460 million US dollars.
Head of Treasury
ELKO Grupa AS
4, Toma Street, Riga, LV-1003, Latvia
+ 371 6709 2357