ASBIS GAINES GOOD REVENUES IN DECEMBER AND MEETS FORECAST

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 December 2022 had consolidated revenues at the level of approx. USD 303 million, compared to USD 396 million in December 2021, which means that the company met the increased financial forecast for 2022 at the revenue level.

On November 7, 2022, ASBIS raised its financial forecast for 2022. According to the new forecast, revenues should be in the range of USD 2.6 billion to USD 2.8 billion, and net profit after tax between USD 70 million and USD 74 million. 

Costas Tziamalis, Deputy CEO of ASBIS Group, commented: “ASBIS is implementing its plans, so we are pleased to announce that our financial forecast at the level of revenues has been met. We are in the process of closing 2022, and we are very confident about the implementation of the forecast at the level of net profit. We have already started 2023, in which we anticipate growth, especially since we are strongly developing our presence on promising  markets and starting operations in Africa, which we are also optimistic about.” 

Costas Tziamalis added: “When it comes to our sales in December, Kazakhstan was the clear leader in sales, followed by Ukraine, Slovakia and UAE. The best-selling product category in December was smartphones, processors, laptops and accessories.”

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992
E-mail iwona.mojsiuszko@8sensepr.pl

^{About ASBISc Enterprises Plc} 

^{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.} 

<sup>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.)
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers.</sup> 

^{ASBIS was founded in 1990, 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 2,200 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).} 

^{For more news and information visit: www.asbis.com}