Limassol, Cyprus, 31
st
March 2022
CONSOLIDATED
NON
-FINANCIAL
REPORT FOR 2021
ASBISC ENTERPRISES PLC
Table of Contents
Consolidated Non-financial Report of ASBISc Enterprises Plc for 2021
3
Letter from the CEO
Excelling in ESG
criteria is
important for
ASBIS.
Dear Stakeholders,
I have a great pleasure to present you with ASBIS
fifth Consolidated Non-financial Report.
2021 has been another challenging year globally.
It was the second year of COVID-19 pandemics
impacting both businesses and individuals. During
the year, we also had to tackle supply chain and
logistics problems from the Far East. On top, the
end of the year brought rising tentions on the
Ukrainian/Russian/Belarussian boarders which
turned into a full scale conflict in February 2022.
Despite unfavourable external environment, in
2021 ASBIS further strengthen its business
operations, geographical presence and
competences, enhanced product offering and took
over new businesses. Growing revenues and
margin expansion have translated into a strong
cash position and best ever results in ASBIS
history. ASBIS has weathered many storms and is
thus prepared for future changes within the
demanding IT distribution industry as well as
potential further turbulences on markets and
economies.
For our shareholders we have delivered share
price growth and highest ever dividend payment.
As a result of a 5-year dividend payment history,
ASBIS has entered the WIGdiv index. We have
also focused on other stakeholders, assuring the
wellbeing of our employees, supporting our local
community on Cyprus, maintaining strong relations
with our business partners, delivering quality
products to our customers at affordable prices and
assuring all our social charges and taxes are fully
paid.
Changes taking place globally have increased the
weight of ESG (environmental, social and
governance) criteria in financial decision making.
At ASBIS we are taking sustainability seriously and
continue to work on increasing the scale of our
disclosures. For 2021, we continue to report non-
financial information under the internationally
recognized SASB Standards on top of meeting the
EU requirements. We have also added climate-
related TCFD disclosures into our report for 2021.
At the same time, step-by-step we continued to
fulfill our obligations and targets from our 2020-22
CSR Strategy. Our actions have been awarded by
obtaining the title of Climate Aware Company listed
in Poland and by entry into WIG-ESG index.
We promise to continue our actions for the benefit
of all our stakeholders in 2022.
Siarhei Kostevitch
Chairman & CEO
Consolidated Non-financial Report of ASBISc Enterprises Plc for 2021
4
KEY 2021 NON-FINANCIAL INDICATORS
20,000
active customers
in 56 countries
23,000
products in portfolio
60%
transactions on-line
Subsidiaries
in 27countries
4 key
regions
of operations
240+
vendors
2,079
employees
2
distribution centers
5
private label brands
Consolidated Non-financial Report of ASBISc Enterprises Plc for 2021
5
About the Report
Internationally
recognized SASB
Standards and
climate-related
TCFD
recommendations
applied.
This Non-financial Report has been prepared by
ASBIS based on 2021 data for the whole Group.
The report also encompasses comparable
consolidated data for 2020.
As ASBIS’ shares are listed on the Warsaw Stock
Exchange in Poland, the Report has been created
in accordance with the Polish Bill of Accounting
(which implements the 2014/95/EU Directive into
Polish law) requirements. The Report has been
prepared on the Group level, as on the
consolidated level ASBIS meets the criteria of
article 55.2b. Both in 2021 and in 2020 the Group
employed more than 500 employees on average,
its assets exceeded PLN 102m and turnover
exceeded PLN 204m. Similar disclosure
requirements are also mandatory in Cyprus, where
ASBIS headquarters are located.
The Report is published together with the ASBIS
Consolidated Financial Report for 2021 along with
the Polish Ministry of Finance Bill on current and
periodical reports. The Report is compliant with the
requirement of the Polish Bill of Accounting listed
in articles 49b points 2-8.
The Report has been prepared based on policies
present in the Group as well as long-standing
practices. ASBIS has used own methodology to
prepare the Report, though it has been
supplemented by applying the internationally
recognized SASB (Sustainability Accounting
Standards Board) Standards. Following SASB’s
Sustainable Industry Classification System® we
have chosen to report within Consumer Goods
sector and Multiline and Specialty Retailers &
Distributors industry. ASBIS believes these
standards point to all financially material non-
financial aspects of its operations. On top, from
2021 ASBIS also applied TCFD’s climate-related
disclosure recommendations. The Board of
Directors confirmed that the stakeholder
materiality assessment conducted a year earlier is
valid and that are material topics are addressed in
the Report.
While preparing the report the Board of Directors
took into consideration also the non-binding EU:
(1) guidelines on non-financial reporting:
methodology for reporting non-financial
information (2017/C215/01) as well as the (2)
guidelines on non-financial reporting: supplement
on reporting climate-related information
(2019/C209/01). The Report has been created with
due diligence and care, yet it has not been audited
by any external third party.
Consolidated Non-financial Report of ASBISc Enterprises Plc for 2021
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Business model
ASBIS is one of
the leading IT
distributors in
EMEA Emerging
Markets.
OVERVIEW
ASBISc Enterprises Plc is one of the leading
distributors of Information Technology ("IT")
products in Europe, Middle East and Africa
(“EMEA”) Emerging Markets: Central and Eastern
Europe, the Baltic States, the Former Soviet
Union, the Middle East and Africa, combining a
broad geographical reach with a wide range of
products distributed on a "one-stop-shop" basis.
Our main focus is on the following countries:
Slovakia, Poland, Czech Republic, Romania,
Croatia, Slovenia, Bulgaria, Serbia, Hungary,
Middle East countries (i.e., United Arab Emirates,
Qatar and other Gulf states), Russia, Belarus,
Kazakhstan, Ukraine and Latvia.
The Group distributes IT components (to
assemblers, system integrators, local brands and
retail) as well as A-branded finished products like
desktop PCs, laptops, servers, and networking to
SMB and retail. Our IT product portfolio
encompasses a wide range of IT components,
blocks and peripherals, and mobile IT systems. We
currently purchase most of our products from
leading international manufacturers, including
Apple, Intel, Advanced Micro Devices ("AMD"),
Seagate, Western Digital, Samsung, Microsoft,
Toshiba, Dell, Acer, Lenovo and Hitachi. In
addition, a part of our revenues is comprised of
sales of IT products under our private labels:
Prestigio, Canyon, Perenio, AENO and LORGAR.
ASBIS commenced business in 1990 in Minsk and
in 1995 we incorporated our holding Company in
Cyprus and moved our headquarters to Limassol
together with all key management of the Company.
Our Cypriot headquarters support, through two
master distribution centres (located in the Czech
Republic and the United Arab Emirates), our
network of 31 warehouses located in 27 countries.
This network supplies products to the Group's in-
country operations and directly to its customers in
approximately 56 countries.
ASBIS operates in
“one-
stop-shop” model.
Consolidated Non-financial Report of ASBISc Enterprises Plc for 2021
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ASBIS OPERATIONS
FSU (Former Soviet Union)
MEA (Middle East and Africa)
CEE (Central and Eastern Europe)
LIMASSOL, CYPRUS
(HEADQUARTERS)
PRAGUE, CZECH
REPUBLIC
(DISTRIBUTION
CENTRE)
DUBAI, UAE
(DISTRIBUTION
CENTRE)
SHENZEN, CHINA
(OFFICE)