ASBIS revenues exploded in July

THE GROUP RECORDS 32-PERC. INCREASE OF REVENUES – IT IS THE HIGHEST MONTHLY SALES IN THIS YEAR SO FAR

ASBISc Enterprises Plc, a leading distributor of IT products on emerging markets of Europe, the Middle East and Africa, and producer of brands: Prestigio, Canyon and Perenio, according to the preliminary estimations, in July 2020 had consolidated revenues at the level of approx. USD 182 million, compared to USD 138 million in July 2019, representing an increase of approx. 32%.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “We started the third quarter of this year very well and recorded approximately 32 percent year on year revenues growth. Our team does their best to satisfy the increased demand for IT equipment from our customers. Several tenders for the purchase of equipment have been fulfilled and we observe further positive developments in the markets we operate. We also do not see any stagnation in supply from our partners. All product lines recorded increases this month. The highest increase was recorded by smartphones and CPUs  which increased by 120% and 39% respectively, compared to July last year. We are very pleased with the July results, and this is only the beginning of the second half of the year. We are looking forward to the results of the coming months.

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 and currently selling to 56 countries worldwide.}

^{The Group distributes products of many vendors, and manufactures and sells own brands products: Prestigio (smartphones, tablets, external storage,, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices), Perenio („IoT”).}

^{ASBIS has subsidiaries in 27 countries, close to 1,800 employees and about 20,000 customers. In 2019, sales exceeded USD 1.9 billion.}

^{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}