Elko Grupa

ELKO Grupa AS (ELKO Group) is a Latvian-based distributor of IT products in

ELKO Grupa AS
Europe and Central Asia.[1] The company acts as a consultant to partners and a
wholesaler of computer and electronic products.[2]ELKO operates in 30 countries,
with sales offices in 12 countries - Latvia, Estonia, Lithuania, Russia, Ukraine,
Romania, Slovenia, Slovakia, Czech Republic, Sweden, Poland and Kazakhstan.
Type Public
The headquarter of ELKO is located inRiga, Latvia.[3][4]
Industry IT product
Elko was the largest IT and computer technology company in Latvia in 2016. The distribution
company turned over EUR 381.963 million.[5] Founded 1993
Headquarters Riga, Latvia
History Key people Egons Mednis -
In 1993, four young entrepreneurs from Latvia founded a business with the intention
President, Svens
[6] Dinsdorfs - CEO
to provide local retailers with new and upcoming IT products.
Products Computer
The next year ELKO expanded in Baltics and opens subsidiary companies in hardware, software,
Lithuania (ELKO Kaunas) and in Estonia (ELKO Eesti). In further years ELKO services
continues its expansion by entering Russian market (office in Moscow), Ukrainian Revenue US$ 1460 million
market (office in Kiev), opening subsidiary companies in Romania (Bucharest) – (2016)
ELKOTech Romania, and Slovenia (Ljubljana) – ELKOTex Slovenia. Further Website www.elkogroup
expansion takes place also in Russia, with the foundation of a new subsidiary in St. .com,
Petersburg. In 2000 the new subsidiary company was open in Slovakia (Bratislava)
and ELKO Latvia Ltd. is founded in Latvia.

In order to reorganize the Group's structure and improve corporate governance, ELKO creates holding company ELKO Grupa AS
(ELKO Group).

In 2005 ELKO Group becomes the largest company in Latvia (by turnover). In 2007 ELKO Group becomes the first Latvian
company to reach 1 billion USD turnover.[7]

References
1. "ELKO CEO interview for The CEO Magazine"(http://www.theceomagazine.com/business/svens-dinsdorfs/).
2. "ELKO Group at delfi.lv"(http://www.delfi.lv/temas/elko-grupa/).
3. "Lursoft" (http://company.lursoft.lv/elko-grupa/40003129564).
4. "Unaudited Consolidated Financial Statements For 12 months ended 31 December 2017"
(http://www.nasdaqbaltic.c
om/upload/reports/elg/2017_q4_en_uni_con_ias.pdf)(PDF).
5. курс, The Baltic Course - Балтийский."Elko Grupa the largest company in Latvian IT and computer technology
industry in 2016" (http://www.baltic-course.com/eng/analytics/?doc=134121). The Baltic Course | Baltic States news
& analytics. Retrieved 2018-06-26.
6. "ELKO CEO interview for The CEO Magazine"(http://www.theceomagazine.com/business/svens-dinsdorfs/).
7. курс, The Baltic Course - Балтийский."Elko Grupa the largest company in Latvian IT and computer technology
industry in 2016" (http://www.baltic-course.com/eng/analytics/?doc=134121). The Baltic Course | Baltic States news
& analytics. Retrieved 2018-05-28.

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