Good for Business, Latvia, Markets and Companies, Retail
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Friday, 19.04.2024, 10:52
Operator of Latvia's Elkor retail chain raises turnover 4.2% in 2018
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Last year, ETG generated EUR 46.287 mln in revenue from
non-specialized retail outlets and non-specialized wholesale brought in EUR
6.066 mln.
The company’s revenue in the Latvian market was EUR 49.601 mln,
in Lithuania EUR 1.145 mln, in Estonia EUR 836,960, in Poland EUR 320,178, in
Germany EUR 104,104 and in Italy EUR 79,955.
In 2018, ETG continued to sell sports goods, women’s and
men’s clothing and footwear, household equipment, electronic goods, children’s
goods and other goods in retail and wholesale. The company also continued to
sell food products and provide food services.
In 2017, ETG turned over EUR 50.239 mln, down 2 % from 2016,
and raised profit by 70.6 % on year to EUR 246,131.
ETG, established in 1994, has a share capital of EUR 2.276 mln.
The company belongs to Aleksandrs Popovs (99 %) and Plus Ipasums
company (1%).
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