ELKO Group Interim Report January–March 2016

The year has begun successfully, ELKO Group shows a stable growth in the first quarter, reaching planned sales and gross profit figures.

Read more

Audited Financial Statement 2015

Despite challenging market conditions in the CIS region, ELKO group has announced significant profit increase, reaching 21.8 million USD (19.7 million EUR) profit in 2015.

Read more

Nasdaq Welcomes ELKO Grupa AS to Baltic Market

Tallinn/Riga/Vilnius, Nasdaq Baltic Market, March 10, 2016 – Nasdaq (Nasdaq: NDAQ) announces that bonds of ELKO Grupa AS (short name: ELG), the Latvian IT products and services wholesale company, will be listed on the Nasdaq Baltic Bond List by Nasdaq Riga as of March 21, 2016. It is the first company to be listed on Nasdaq’s Baltic Bond market in 2016, and the 21st new bond issue to be listed on the Baltic Bond List during the last 12 months.

Read more

ELKO Group reports a substantial net profit of 21.8 million USD for 2015

ELKO Group, one of the largest IT product wholesalers and IT solutions and services distributors in Eastern Europe, has announced the unaudited results for fiscal year 2015. Despite challenging market conditions ELKO Group managed to sustain sales at the same level comparing to prior year and rise net profit up to 21.8 million USD, which is considered as excellent result, comparing loss in 2014 caused by currency fluctuation and general turbulence in CIS region’s economy.

Read more

AS ELKO Group attracts financing via bond issue

The bond offering of AS ELKO Group was successfully completed on October 14, 2015. Bonds in the amount of EUR 8 million were issued with an annual interest rate of 8%. The minimum subscription offer for investors was EUR 100,000.

Read more
next page