ASBIS PUBLISHED REVENUES FOR JUNE 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 June 2024 had consolidated revenues at the level of approx. USD 226 million, compared to USD 267 million in June 2023, a decrease of approx. 15%. 

Analyzing revenues from June 2024, the very high comparative base from last year should be taken into account. When comparing June 2024 with previous successful years, this year’s result was higher by almost 10% from June 2022. 

Siarhei Kostevitch, CEO of ASBIS Group, commented: “In our opinion, given the extremely tough major markets conditions June was a month of quite stable sales, although of course its results were overshadowed by a very high comparative base from last year. What is important to us is that our sales have prospects for further growth in the coming months, which is also reflected in our financial forecast. The countries with the highest sales impact in June were our main markets; Kazakhstan and Ukraine. On the flip of the coin, the United Arab Emirates and Poland, were the countries with the highest monthly sales dynamics giving us strong positive signals for the periods to come. With the addon of revenues from South African markets, we consider our forecast well achievable.”

Siarhei Kostevitch, added: "Looking at product categories, the most popular in June were smartphones, processors, servers and laptops”. 

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992
E-mail iwona.mojsiuszko@8sensepr.pl

About ASBIS Group (WSE: ASB)

ASBIS Group is 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) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa.

<sup>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.      Aeno (small home appliances).
    b.     Canyon (smart watches, power banks, accessories for computers and mobile devices)
    c.     Cron Robotics  (building own solutions in the robotics segment, including cobots).
    d.     Lorgar (accessories for gaming and streaming)
    e.     Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
    f.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
    d.     Prestigio Solutions (innovative technological solutions for business and education)
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers.</sup> 

^{ASBIS was founded in 1990 in Belarus, since 1995 operates from Cyprus. Company has 2 main distribution centers in the world located in the Czech Republic and the United Arab Emirates and 2 regional distribution centers (Georgia, South Africa), subsidiaries in 28 countries, more than 2,200 employees and about, 20 000 active customers in 60 countries worldwide. In 2022, the Group delivered sales of close to USD 2.7 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}