ASBIS published financial forecast for 2019 and dividend recommendation for 2018

The Group also announced that the Board of Directors of ASBISc Enterprises has decided to recommend to the upcoming Annual General Meeting of Shareholders the payment of a final dividend of USD 0.05 per share, what will mean a payment in the amount of USD 2,775,000 out of the 2018 net profit after tax.

On December 20, 2018, the Company paid shareholders an interim dividend of USD 0.05 per share, with the amount of USD 2,775,000.00 from net profit for 2018. If today's recommendation of the Board of Directors of ASBISc Enterprises is accepted by the Annual General Meeting of Shareholders, the total dividend from the profit for 2018 may amount to USD 0.10 per share, which will mean a total payment of USD 5,550,000 from net profit after tax for 2018.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “According to our earlier announcement, we have published today the financial forecast for 2019 and recommendation on the dividend from 2018 net profit. The Financial forecast represents the strength of the company and the strategy we decided to follow . More focus is placed on stabilizing the company and provide a robust profitability to shareholders. Asbis is currently working on developing higher margins, which in our opinion will be supported by the products we are currently working on. When it comes to the dividend, we are very satisfied with the result and we decided to honor the shareholders and investors who have believed and supported the company throughout the last years. In ASBIS we want to share profits and success with our shareholders.”

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 we operate.

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, currently 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, Multi-boards etc.), Canyon (MP3 players, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).}

^{ASBIS has subsidiaries in 28 countries, about 1,780 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 www.asbis.com or investor.asbis.com}