Double-digit growth of ASBIS revenues in the first half of 2018

July 25, 2018


Double-digit growth of ASBIS revenues in the first half of 2018

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 June 2018 had consolidated revenues at the level of approx. USD 179 million, compared to USD 109 million in June 2017, which is an increase of approx. 64%. During the six months of 2018 the consolidated revenues amounted to an approximate USD 966 million, compared to USD 570 million in the same period of 2017, which is an increase by approx. 69%.

Limassol, Cyprus, 20 July 2018 - Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented:The first half of the year was very good for us in terms of revenue. Every month, we worked out high, double-digit growth of revenues which proves the strong ability of the company to deliver revenues. It makes this success much bigger when we consider the market conditions in the difficult markets we operate. Our revenue increases came across all markets of operations and this allows the management team to be optimistic for the quarters to come. In terms of products, our efforts to increase our portfolio is currently paying off and we see increase in revenues in all major product lines.”


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About ASBISc Enterprises Plc  

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. Established in 1990, the Company has a presence in Central and Eastern Europe, the Baltic States, the Former Soviet Union, the Middle East and North Africa, selling to 60 countries worldwide.

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, Multiboards etc.) and Canyon (MP3 players, networking products and other peripheral devices).

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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