ASBIS brakes another record with a 30% revenue growth in October

November 22, 2023


ASBIS brakes another record with a 30% revenue growth in October

Press release. Limassol, Cyprus. 22 November 2023

ASBISC Enterprises PLC, a leading Value Add Distributor, developer, and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), according to the preliminary estimations, in October 2023 had consolidated revenues at the level of approx. USD 261 million, compared to USD 200 million in October 2022, an increase of approx. 30%.

Siarhei Kostevitch, CEO of ASBIS Group, commented: “This year's October was very strong, the best one of our long history. We achieved a 30% increase in revenues year-on-year which give us great satisfaction. As we already declared, we are in the last, most intensive and most profitable quarter of the year for our industry, so all our efforts are focused on fulfilling customer orders and delivering the expected results for our shareholders. We are already experiencing very good revenue streams from the new Apple models in our markets; it was the top-selling brand in October. Revenues from  laptops, primarily MacBooks, and processors were among the strongest in sales structure of October”.

Siarhei Kostevitch, added:When it comes to our sales in October 2023, we didn't observe significant changes among the sales leaders. The top-performing countries were: Kazakhstan, Slovakia, United Arab Emirates Ukraine. Poland also did very well in October and achieved a more than 50% revenue growth.”


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