ASBIS PREPARES TO THE REVISION OF THE ANNUAL FORECAST AFTER DELIVERING STRONG GROWTH IN REVENUE IN JULY 2021

ASBISc Enterprises Plc, a leading Value-Added Distributor, developer and supplier of IT and IoT products, solutions and services in the growing markets of Europe, Middle East and Africa, according to the preliminary estimations, in July 2021 had consolidated revenues at the level of approx. USD 230 million, compared to USD 182 million in July 2020, representing an increase of approx. 26%. 

Serhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “We are very pleased with the revenues generated in July this year. We have managed to generate solid growth, despite the already high base of last year. The months to follow are very important and they look in good shape, both in terms of revenues and profits. As promised, we are preparing an update to our financial forecast, which we will announce in the next few days. 

Serhei Kostevitch added: “July was another month in which virtually all product lines recorded very high sales increases. The best-selling products were, processors, HDDs and smartphones. The premiere of the new iPhone model will probably take place in the second half of September, or October and this is expected, once again, to boost the demand for Smartphones.”

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 IT, 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.} 

^{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.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
    b.     Canyon (smart watches, power banks, accessories for computers and mobile devices)
    c.      Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).}

^{3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers.} 

^{ASBIS was founded in 1990 in Belarus, 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 2,000 employees and about, 20 000 active customers in 56 countries worldwide. In 2020, the Group delivered sales of nearly USD 2.4 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}