August was the third best sales month of 2024

September 23, 2024

August was the third best sales month of 2024

ASBIS Group (WSE: ASB) - 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 preliminary estimates, in August 2024 had consolidated revenues at the level of approx. USD 233 million, compared to USD 245 million in August 2023.

August was the third-highest sales month of the year, following March and February. The countries with the highest revenues were , Kazakhstan, Ukraine and the United Arab Emirates with Slovakia following steadily in fourth place.

Sales in Poland remain at a very high level, and in August, the Polish company was growing by a significant 30% when compared to same month of last year.

Siarhei Kostevitch, CEO of ASBIS Group, commented: “ASBIS is working very hard on developing its sales, resulting in the third-best sales month this year. This is very important for us, as we still see the impact of the 'grey zone' on our results in Kazakhstan. However, based on our over 30 years of experience and extensive geographical coverage, we are able to minimize this impact. We are also significantly growing sales in South Africa and the operations of the Breezy company, which recently signed a very important contract in Poland, starting cooperation with the leader in the sale of electronics and household appliances in Poland – RTV EURO AGD. We are very pleased with this partnership, which will allow more people in Poland to take advantage of the opportunity to exchange their old devices for new ones, not only saving specific amounts but, most importantly, supporting a sustainable approach to consumer electronics and the circular economy. This is currently a very important global trend, and we are proud that ASBIS is participating in it”.

“The new iPhone models recently debuted, which went on sale in September in four of our markets: Ukraine, Georgia, Azerbaijan, and Moldova. It will debut on our other markets in the coming weeks” added Serhei Kostevitch.

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