PRESS RELEASE - 30 March 2022; Limassol, Cyprus, and Warsaw, Poland

ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and supplier of IT and IoT products, solutions and services in the growing markets of Europe, Middle East and Africa,announced that its Board of Directors decided to recommend the upcoming Annual General Meeting of Shareholders the payment of a final dividend of USD 0.10 per share. This means a payment of another USD 5,550,000 out of the 2021 net profit after tax.

On December 2nd, 2021, the Company paid the shareholders an interim dividend of USD 0.20 per share, an amount of USD 11,100,000 from 2021 profit. If today's recommendation of the Board of Directors of ASBISc Enterprises is accepted by the Annual General Meeting of Shareholders, the total dividend from 2021 profit will amount to USD 0.30 per share, a total payment of USD 16,650,000out of the 2021 net profit after tax. This dividend is at the level of the dividend paid in 2020, which was the highest dividend paid to shareholders in ASBIS history. 

Costas Tziamalis, Deputy CEO of ASBIS Group, commented:“ASBIS has been paying dividends continuously for 6 years, this is an important element of our policy of appreciating the company's shareholders. We have had a great and successful year behind us, so it is important to us that ASBIS shareholders are also part of this success. We recommended a dividend payment at the level of our record dividend for 2020, which was USD 0.30 per share. The current situation in Ukraine and Russia is difficult for all companies that have exposure to the countries involved. As we have said many times, we are prepared for conflict and secured, but we must also take into account difficult scenarios. We are also planning investments that will diversify our business, which will involve additional capital expenditure.” 

Costas Tziamalis, added: “We are constantly observing the events following Russia’s invasion in Ukraine and the sanctions imposed on Russia, which, as a company, registered in the EU and based in Cyprus, we will comply with 100%. Ukraine and Russia are important markets for us, so we decided to wait with the official announcement of the forecast until the situation in these markets is clearer and give us a better visibility on the overall situation.

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992

About ASBISc Enterprises Plc 

ASBIS Group is a leading Value Add Distributor, developer and provider of IT, IoT products, solutions and services to the markets of Europe, the Middle East and Africa (EMEA) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa. 

The business of ASBIS is based on three pillars:
1. Distribution of hardware and software for Client Computing and Data Centers, consumer electronics thru:
    a.   Retail chains and e-tailers
    b.   Resellers to small and medium business
    c.   Large enterprises.
2. Full stack in creation of world class products. From scientific research and development to design and engineering, firmware and software, production and marketing of IT and IoT products and solutions via own brands:
    a.      Aeno (small home appliances).
    b.     Canyon (smart watches, power banks, accessories for computers and mobile devices)
    c.     Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
    d.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers. 

ASBIS was founded in 1990 in Belarus, since 1995 operates from Cyprus. Company has two master distribution centers located in the Czech Republic and in the United Arab Emirates, subsidiaries in 27 countries, more than 2,000 employees and about, 20 000 active customers in 56 countries worldwide. In 2021, the Group delivered sales of close to USD 3.1 billion. 

The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS). 

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