ASBIS TO PAY A TOTAL OF USD 11.1 MILLION IN INTERIM DIVIDEND TO SHAREHOLDERS
ASBIS Group (WSE: ASB) - a leading Value Add Distributor, developer, and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), continues to pay an interim dividend to its shareholders. The Company informed that on 6 November 2024, the Board of Directors of the Company adopted a resolution to pay shareholders an interim dividend from the Company's profit for 2024 in the amount of USD 0.20 per share, a total of USD 11.1 million payout. The interim dividend will cover all shares of the company - i.e., 55,500,000 shares. The record date for the shareholders to receive this dividend was set on 25 November 2024 and the payment date on 5 December 2024.
Serhei Kostevitch, CEO of ASBIS Group, commented: “We continue our policy of paying ASBIS shareholders an interim dividend. This year is full of challenges, but our Company remains strong and has solid foundations, which gives us great confidence in the Company's future. Despite major difficulties in our major markets, our expected net profit should be good enough, while the Company's investment needs are under control and cash flow is at healthy levels. The above allow us to pay part of the dividend before the end of the current financial year.”
For additional information, please contact:
Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992
E-mail iwona.mojsiuszko@8sensepr.pl
About ASBIS Group (WSE: ASB)
ASBIS Group is a leading Value Add Distributor, developer, and provider of ICT, 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. Cron Robotics (building own solutions in the robotics segment, including cobots)
d. Lorgar (accessories for gaming and streaming)
e. Prestigio (smart premium devices and accessories)
f. Prestigio Solutions (innovative technological solutions for business and education)
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 main distribution centers in the world located in the Czech Republic and the United Arab Emirates and two regional distribution centers (Georgia, South Africa), subsidiaries in 34 countries, around 2,800 employees and about, 20 000 active customers in 60 countries worldwide. In 2023, 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).
For more news and information visit: www.asbis.com
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