ASBIS satisfied with July, works on margins

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, Perenio and Atlantech, according to preliminary estimations, in July 2019 had consolidated revenues at the level of approx. USD 138 million, as compared to USD 158 million in July 2018. ASBIS revenues are in line with Company's expectations.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors of ASBISc Enterprises Plc, commented: “At ASBIS, we look into our revenues in a few years' perspective observing trends and adopting to the new realities of our industry. We are pleased that revenues have been growing for several years but we are also satisfied with our current revenue levels. Last year was a record-breaking one in the history of ASBIS, driven by multiple non-repetitive factors. The comparison between the current and last year is inevitable, however does not fully reflect the situation of our Company. Following our announcements, we are currently focusing on generating higher margins, which are expected to be influenced by factors such as the development of our own product portfolio and strengthening of ASBIS competencies in promising sectors, i.e., solutions and other IT services for corporate clients"

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 60 countries worldwide.}

^{The Group distributes products of many vendors, and manufactures and sells own brands products: Prestigio (smartphones, tablets, external storage, leather-coated USB accessories, GPS devices, Car-DVRs, Multi-boards etc.), Canyon (MP3 players, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).}

^{ASBIS has subsidiaries in 26 countries, close to 1,500 employees and about 30,000 customers. In 2018, sales reached almost USD 2.1 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}