ASBIS'S REVENUES INCREASED ALMOST 50-PERC. IN NOVEMBER

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 November 2020 had consolidated revenues at the level of approx. USD 302 million, compared to USD 202 million in November 2020, representing an increase of approx. 49%.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented:“November of this year has been the first ever month, in ASBIS history, to exceed the USD 300 million revenue mark, and the Management Team is extremely happy with this result. The whole end of this year looks very good. ASBIS has met the market expectations and has delivered to the markets what has been promised.  I can confidently say that our already upgraded forecast for 2020 is quite prudent.

Siarhei Kostevitch added: “The products that were the biggest drivers of our revenue growth in December were smartphones and accessories such as AirPods, which recorded more than 100% growth compared to December 2019. In addition, processors and other accessories were among the best sellers. In line with our expectations, one of the success factors of our sales is currently the latest iPhone model, which has been very well received in the markets where we are its main distributor.”

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 (tablets, external storage, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices) and Perenio („IoT”).}

^{ASBIS has subsidiaries in 27 countries, more than 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}