ELKO Group Interim Report January-September 2023 After exceptionally high-performing years of pandemic-driven demand for IT goods, and despite a volume drop after the divestment of Russian operations in April 2022, ELKO Group's profitability and profit in the first 9 months of 2023 have normalized and are even higher than in the pre-pandemic year (2019) for comparison.Riga, 2023-11-17 12:47 CET --
January – September 2023 highlights
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Revenue USD 845.4 million (EUR 780.6 million), a decrease of 24% year-on-year
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Gross profitability 6.9%, a decrease compared to 9.8% in 2022
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Gross profit USD 58.2 million (EUR 53.7 million), down by 46.4% year-on-year
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Net profit USD 8.2 million (EUR 7.5 million), down by 71.8% year-on-year
More comments on results in the Management report of the attached Financial Statement.
About ELKO Group
The ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions, representing 350 world-leading 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 13 countries in Europe and Central Asia.
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
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