ASBIS CONTINUES ITS DYNAMIC GROWTH OF REVENUE IN 2021 – YOY REVENUE UP 37% IN FEBRUARY

ASBISc Enterprises Plc, a leading distributor of IT products on emerging markets of Europe, the Middle East and Africa, and producer of brands: Prestigio, Canyon and Perenio, according to the preliminary estimations, in February 2021 had consolidated revenues at the level of approx. USD 240 million, compared to USD 176 million in February 2020, representing an increase of approx. 37%. 

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented:“We continue to increase our revenues and are full of optimism for the entire year 2021. The demand for IT equipment is still very high, which will also be reflected in our results. The company is able to satisfy the increased demand for digital transformation. The IT infrastructure itself is becoming more and more modern and efficient, and the technology is developing at a very fast pace, so in the next few years the investment needs for new technologies are expected to  continue to be high. ASBIS wants to play a significant role in this process, which is possible thanks to the wide range of products, strong market position, very good relations with vendors and the credibility that we have developed in our markets. 

Siarhei Kostevitch added: “In February, all our product lines recorded high sales increases. Sales in all our markets also increased. In addition to classic distribution, we support many large infrastructure projects and the building of data centers. . We are currently implementing projects in these sectors across all markets of ours including Russia, Romania, the Adriatic Region and Belarus. Our business in Poland is also developing very well and according to the plans we set from the beginning of the year.” 

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}

^{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 56 countries worldwide.}

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

^{ASBIS has subsidiaries in 27 countries, more than 1,800 employees and about 20,000 customers. In 2019, sales exceeded USD 1.9 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 www.asbis.com or investor.asbis.com}