Positive growth is observed in all markets
In 9-month period ELKO Group has achieved revenue growth by 11% year-on-year, showing 920 million USD (824 million EUR) revenues compared to 842 million USD (756 million EUR) in 2015.
Positive growth is observed in all markets. The most rapid in Central and Eastern Europe, where ELKO Group turnover increased by 52%, reaching 371 million USD (332 million EUR). ELKO Group in Baltics achieved 12% growth, reaching 77 million USD (69 million EUR). In the third quarter in the CIS region, after a long and deep downturn in the IT industry, ELKO Group managed to increase its turnover by 15% compared to the same period in 2015, thereby reducing the total 9-month turnover difference over the previous year, respectively, reaching 490 million USD (439 million EUR), which is only about 7% less than in 2015, 9 months.
Achieved the planned gross profitability of 4% and a gross profit of 38 million USD (34 million EUR).
9-month period closed with 6.4 million USD (5.7 million EUR) in net profit, which is less compared to the exceptionally high profit in the 9-month of 2015, which amounted to 15.9 million USD (14.3 million EUR).
Link to INTERIM REPORT Q3, 2016
© ELKO 2017