PRESS RELEASE - 22 March 2022; Limassol, Cyprus, and Warsaw, Poland

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 February 2022 had consolidated revenues at the level of approx. USD 244 million, compared to USD 241 million in February 2021, representing an increase of approx. 1% YoY. 

Costas Tziamalis, Deputy CEO of ASBIS Group, commented: “Revenues in February 2022 were at a very high level, exceeding the very good February last year. We achieved this result despite the fact that we lost 4 days of sales due to the invasion of Russia in Ukraine. The end of February was also a period of intense work for us to ensure the safety of both our Ukrainian employees and their families. Some of our employees decided to leave Ukraine with their families, which we made possible and financed. Now they are safe in countries such as Cyprus, Poland and Slovakia. We also launched a special humanitarian aid fund called UkraineHelpFund, for which we allocated USD 1 million. Our trucks with the most needed medical, industrial and food products reach Ukraine day after day. 

Costas Tziamalis added: “As always, ASBIS has a very flexible approach to market conditions, so the main focus now is the strengthening our sales in Central Europe, selected conflict-free FSU countries, and countries in the Middle East and Africa. We are already seeing a good increase in sales in these regions. Kazakhstan is doing extremely well, Poland and Slovakia sold more in February than a year ago. The most important thing is that after the record-breaking 2021 we are very strong as the company, we have a very strong cash position and, above all, determination to overcome crises and further develop the company.”

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992

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.      Aeno (small home appliances).
    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).
    d.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
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 2021, the Group delivered sales of close to USD 3.1 billion. 

The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS). 

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