ASBIS published revenues for July 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 July 2024 had consolidated revenues at the level of approx. USD 223 million, compared to USD 222 million in July 2023.
July revenues confirm that despite the still difficult situation in in its major markets, the company is able to generate higher results in other countries of its operations. In July, the leading countries in revenues were Kazakhstan, Slovakia and the United Arab Emirates.
Siarhei Kostevitch, CEO of ASBIS Group,commented: “ASBIS was able to make up for the revenue lost in Kazakhstan with sales growth in other countries. We recorded the largest growth in countries such as Ukraine, the United Arab Emirates and Poland. The latter country has been systematically increasing its sales, advancing to 5th place in our sales structure in Q2 2024. We are also currently working hard on increasing sales in South Africa and developing our Breezy's operations. We have solid grounds to believe that market trend will improve, in our way, in the second half of 2024, which will allow us to meet our financial forecast for this year.”
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