PRESS RELEASE - 20 October 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 September 2022 had consolidated revenues at the level of approx. USD 291 million, compared to USD 244 million in September 2021, representing an increase of approx. 19% YoY. 

Costas Tziamalis, Deputy CEO of ASBIS Group,commented:“We are extremely satisfied with the revenues generated in September 2022. Our strategy of focusing on eastern markets, including fast-growing Central Eura-Asian markets such as Kazakhstan, Uzbekistan and Caucasus countries like Azerbaijan, Armenia and Georgia brings tangible results. They, coupled with the strong success in the Middle East markets are leading our growth for September. In addition, we are constantly expanding our product portfolio and entering new market segments. We currently work intensively to bring all these markets new innovative products and solutions. Hope we can share the details with the market soon. Ukraine also generated very high revenues in September, a result which make us feel extremely proud for our colleagues in the country.” 

Costas Tziamalis added: “In September, the iPhone series 14 debuted on our markets with great success, which is why the best-selling product category this month were smartphones. Network products, accessories, laptops and tablets, i.e. everything that favors mobile and digital communication, were also popular. We have noticed such a trend for a long time and it looks that it is here to stay”.

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.)
    e.     Lorgar (accessories for gaming and streaming)
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers. 

ASBIS was founded in 1990, 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 2,200 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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