Growth continues. Turnover in the first quarter increased by 31%

1–3/2018 highlights

•   Revenue USD 325 million (EUR 265 million), up by 31% year-on-year

•   Gross profitability 5.7%, a slight decrease comparing to 6.6% in 2017, 3 months.

•   Gross profit USD 18.5 million (EUR 15 million), up by 13% year-on-year

•   Net profit USD 1.7 million (EUR 1.4 million), up by 9% year-on-year

Turnover breakdown by regions

CEE – down by 5.3%, reaching USD 98 million (EUR 80 million)

CIS – up by 26%, reaching USD 150 million (EUR 122 million)

Baltic States – up by 106%, reaching USD 52 million (EUR 42 million)

Nordic countries* – reached USD 25 million (EUR 21 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 30 countries across Europe and Central Asia. The Group’s turnover in 2017 amounted to USD 1 593 million.

More information:

www.elkogroup.com

LinkedIn: https://www.linkedin.com/company/elko-group

Facebook: https://www.facebook.com/elkogroup/

Twitter: @ELKO_Group

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