February 22, 2024



Press release. Limassol, Cyprus. 22 February 2024

ASBIS Group (WSE: ASB), 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 January 2024 had consolidated revenues at the level of approx. USD 225 million, compared to USD 222 million in January 2023, an increase of approx. 1%. 

Siarhei Kostevitch, CEO of ASBIS Group, commented: "We assess January as satisfactory, but also exert every effort to ensure that the subsequent months are even better. In January markets were slow, but we managed to outperform last year’s result marginally. We are expanding sales in countries where we see the opportunity for further improvement in our results. Kazakhstan is currently the largest market, developing quite dynamically, which is why we have decided to build a new distribution center covering an area of 20,000 square meters, resulting in an increase in ASBIS's total warehouse space by over 30%. This year promises to be very interesting, and we will make sure that we raise the bar and deliver another excellent result for our shareholders." 

Siarhei Kostevitch, added: "In January 2024, we practically did not observe significant changes among the sales leaders. They were Kazakhstan, Ukraine, Slovakia, and the United Arab Emirates. Poland once again found itself at the forefront of monthly revenue growth, ranking fifth in terms of year-on-year sales dynamics in January. The best-selling products in January 2024 were smartphones, processors, and laptops."

For additional information, please contact:  

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

About ASBIS Group

ASBIS Group is 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) 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.     Cron Robotics (building own solutions in the robotics segment, including cobots).
    d.     Lorgar (accessories for gaming and streaming)
    e.     Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
    f.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
    d.     Prestigio Solutions (innovative technological solutions for business and education)
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 2 main distribution centers in the world located in the Czech Republic and the United Arab Emirates and 2 regional distribution centers (Georgia, South Africa), subsidiaries in 34 countries, more than 2,200 employees and about, 20 000 active customers in 60 countries worldwide. In 2022, the Group delivered sales of close to USD 2.7 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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