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Private company

Elko Grupa

Logo: ELKO Grupa AS, Public domain, via Wikimedia Commons4

Company based in Riga, Latvia

ELKO Group (ELKO Grupa AS) is an international, Latvian-based distributor of information technology (IT) and consumer electronics products in Europe and Central Asia. The company acts as a consultant to partners and as a wholesaler of computer and electronic products. ELKO operates in 31 countries, with sales offices in 13 countries: Latvia, Estonia, Lithuania, Ukraine, Romania, Slovenia, Slovakia, Czech Republic, Hungary, Croatia, Sweden, Poland, and Kazakhstan.2 It is headquartered in Riga.1 It employed 273 people in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

May 14, 1993Founded1
  • IndustryWholesale of computers, computer peripheral equipment and software, Wholesale of electrical household appliances, Wholesale of information and communication equipment1
  • HeadquartersRiga1
  • Websitewww.elko.lv
  • Legal formakciju sabiedrība1
  • LEI549300TNFQRZUIMUKG023
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressToma iela 4, LV-1003 Riga, Latvia3
  • Registered withRegister of Enterprises of the Republic of Latvia, 400031295643

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ELKO Group (ELKO Grupa AS) is an international, Latvian-based distributor of information technology (IT) and consumer electronics products in Europe and Central Asia.2

Corporate structure

Elko Grupa sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Elko Grupa Riga, Latvia
    • ELKOTECH ROMANIA SRL Subsidiary · 100% · Bucharest, Romania
    • Gandalf Distribution AB Subsidiary · 100% · Lund, Sweden

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

The story

In 1993, four young entrepreneurs from Latvia founded ELKO Group. In order to reorganize the governance, ELKO created a holding company, ELKO Grupa AS.

In 2005, ELKO Group became the largest company in Latvia by turnover. In 2007, ELKO Group became the first Latvian company to reach US$1 billion in turnover. In 2017, ELKO entered the Nordic-region market by acquiring Gandalf, a distributor of computers and peripheral products in Sweden. In 2018, ELKO acquired Absolut Trading Company, a Russian distributor of household appliances and electronics. In 2019, the ELKO Group company WESTech, a distributor of IT products in Slovakia, completed the acquisition of ARAŠID.

The company was listed among the finalists for Distributor of the Year in the European IT and Software Excellence Awards 2020. In 2020, ELKO Group's turnover exceeded US$2 billion.

From Wikipedia’s article on Elko Grupa, shared under CC BY-SA 4.0.5

Products and brands

  • computer hardware

Listed on Wikidata.1

Employees over time

Elko Grupa employees by year1273 in 2023−73% since 2018
02505007501.0K2018: 1.0K1.0K20182022: 2832832022−72%2023: 2732732023−4%
  • 20232731
  • 20222831
  • 20181,0001

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Elko Grupa revenue by year1541.4M EUR in 2023−64% since 2018
0500.0M EUR1.0B EUR1.5B EUR2018: 1.5B EUR1.5B EUR20182022: 594.8M EUR594.8M EUR2022−60%2023: 541.4M EUR541.4M EUR2023−9%
  • 2023541.4M EUR1
  • 2022594.8M EUR1
  • 20181.5B EUR1

Net income

Elko Grupa net income by year16.6M EUR in 2023−17% since 2018
020.0M EUR40.0M EUR60.0M EUR2018: 7.9M EUR7.9M EUR20182022: 57.5M EUR57.5M EUR2022+628%2023: 6.6M EUR6.6M EUR2023−89%
  • 20236.6M EUR1
  • 202257.5M EUR1
  • 20187.9M EUR1

Timeline

  1. May 14, 1993Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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