Published: 2018-08-22 14:08:48 CEST
ELKO Grupa
Half Year financial report

ELKO Group Interim Report January–June, 2018

Riga, 2018-08-22 14:08 CEST --  

Growth continues. Turnover in the first 6 months increased by 18%.

January – June 2018 highlights

  • Revenue USD 749 million (EUR 619 million), up by 18% year-on-year
  • Gross profitability 4.6%, a slight decrease comparing to 5.1% in 2017, 6 months.
  • Gross profit USD 35 million (EUR 29 million), up by 7% year-on-year
  • Net profit USD 3.8 million (EUR 3 million), decrease of 28% year-on-year

Turnover breakdown by regions

CEE – down by 16%, reaching USD 231 million (EUR 191 million)
CIS – up by 25%, reaching USD 390 million (EUR 322 million)
Baltic States – up by 69%, reaching USD 81 million (EUR 67 million)
Nordic countries* – reached USD 47 million (EUR 39 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.

About ELKO Group

The ELKO Group is one of the region's largest distributors of IT products and solutions, representing 210 IT manufacturers, and providing a wide range of products and services to more than 7 700 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.\

More information:

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

www.elkogroup.com
LinkedIn: https://www.linkedin.com/company/elko-group
Facebook: https://www.facebook.com/elkogroup/
Twitter: @ELKO_Group

 

 

 

         Elīna Junolainena, Corporate Marketing Manager, 67092361


2018_Jan-Jun_ELKO Group_InterimReport_consolidated_ENG.pdf