Riga, 2018-08-22 14:08 CEST (GLOBE NEWSWIRE) --
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
