ASBIS increases the net profit forecast for 2019 by 40% from the high end of the original forecast

ASBIS increases the net profit forecast for 2019 by 40% from the high end of the original forecast

PRESS RELEASE - 18 November 2019; Limassol, Cyprus; Warsaw, Poland

ASBISc Enterprises Plc, a leading distributor of IT products in the emerging markets of Europe, the Middle East and Africa, increased the net profit forecast for 2019 published in March this year. According to the new financial forecast, net profit after tax will be between USD 13.0 million and USD 14.0 million, which means that it could reach 40% higher than originally assumed. Sales revenues remain at the level of the original forecast, i.e. between USD 1.7 billion and USD 1.9 billion.

The Group published its financial forecast for 2019 on 27 March 2019. It called for revenues between USD 1.7 and 1.9 billion and net profit after taxation between USD 8.5 and 10 million.

We announced that we would concentrate this year on profitability, and we are consistently achieving our goal,” said Siarhei Kostevitch, CEO and Chairman of ASBISc Enterprises Plc. The increase in the net profit forecast for 2019 is a result of the persistent efforts from the management team to increase gross profit margins. Our sales of higher-margin products and solutions in both value added distribution (VAD) and consumer products have made significant impact on our results. Our higher profitability has also been affected by lower than expected financial and operating costs. This proves the ability of the company to generate more profits for its shareholders. This year is very good for us, and we are well prepared to continue the positive trend in our results. We remain very confident and strong for the periods to come. "

The significant assumptions of the forecasted results are the following:

  • the situation in our major markets of Russia, Ukraine, Kazakhstan, Belarus and Slovakia will not deteriorate, as compared to 2018;
  • there will not be any major devaluations of the currencies of Russia, Belarus, Kazakhstan and Ukraine, and therefore it will not negatively affect demand on those markets;
  • there would be no significant disturbance in the general economic environment in other markets where the Company operates;
  • competition in all major segments will remain similar to that of 2018, with no new significant market entrants;
  • Group will continue enjoying favorable terms from its key suppliers;
  • smartphones segment will not deteriorate more than 10% in the markets the Group operates.


For additional information, please contact:

Iwona Mojsiuszko

8Sense Public Relations

Tel. +48 502 344 992



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 and currently selling to 60 countries worldwide.

The Group distributes products of many vendors, and manufactures and sells own brands products: Prestigio (smartphones, tablets, external storage,, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).

ASBIS has subsidiaries in 26 countries, more than 1,700 employees and about 30,000 customers. In 2018, sales reached almost USD 2.1 billion.

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

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

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