ASBIS finishes third quarter 2018 with strong double-digit revenues growth

October 22, 2018


ASBIS finishes third quarter 2018 with strong double-digit revenues growth

ASBISc Enterprises Plc, a leading distributor of IT products on emerging markets of Europe, the Middle East and Africa, according to the preliminary estimations, in September 2018 had consolidated revenues at the level of approx. USD 199 million, compared to USD 145 million in September 2017, which is an increase by approx. 37%. During three quarters of 2018 the consolidated revenues amounted to an approximate USD 1 511 million, compared to USD 943 million in the same period of 2017, which is an increase by approx. 60%.

Limassol, Cyprus, Warsaw, Poland, 22 October 2018 - Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “ During the first three quarters of 2018 we have recorded a significantly high, double-digit increase in our revenues. This is a result of higher sales in all major product lines the group delivers. These revenues are constituting a payout of the group’s efforts to differentiate and gain significant market share in the countries we operate. Both the results of September and the precedent nine months of 2018, constitute a success of chosen strategy on the very competitive landscape we operate. We have achieved the highest sales in the main markets of our activity, i.e. the countries of the Former Soviet Union with Central European countries delivering a significant growth as well. We are satisfied with the results and we expect that the group will continue delivering good results throughout the remainder of 2018”.


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Iwona Mojsiuszko

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About ASBISc Enterprises Plc

ASBISc Enterprises Plc is one of the leading distributors of IT industry products in the emerging markets of Europe, the Middle East and Africa (EMEA): Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa, combining a wide range geographical operations with a wide portfolio of products distributed in the "one-stop-shop" model.

ASBISc Enterprises Plc is based in Cyprus and specializes in the distribution of computer hardware and software, mobile solutions, IT components and peripherals, and a wide range of IT products and digital equipment. The Company was established in 1990, selling to 60 countries worldwide currently.

The Group distributes products of many vendors, and manufactures and sells private-label products: Prestigio (smartphones, tablets, external storage, leather-coated USB accessories, GPS devices, Car-DVRs, Multi-boards etc.), Canyon (MP3 players, networking products and other peripheral devices) and Perenio („IoT”).

ASBIS has subsidiaries in 24 countries, about 1,300 employees and 30,000 customers.

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

For more information, also visit the Company’s website at or

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