ASBIS YOY REVENUE UP 74% IN MARCH 2021

ASBISc Enterprises Plc, a leading distributor of IT and CE 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 March 2021 had consolidated revenues at the level of approx. USD 261 million, compared to USD 150 million in March 2020, representing an increase of approx. 74%. 

Serhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented:“March was a very good month for ASBIS. The same month last year was also a good month. Despite the fact that the lock down in Poland had already begun from mid-March 2020, our main markets were still open, which allowed us to generate strong revenues. The demand for IT products and consumer electronics is still very high, but the growth rates we achieve outperform the market significantly. Just like last year, our goal is not only turnover, but also high profitability, which is why we are expanding services for business. We are still working on expanding our VAD services for business. 

Serhei Kostevitch added: “In March, we saw very high demand in all of our markets. All product lines recorded high sales increases. The highest growth rates were recorded in accessories , processors, SSDs and smartphones. We're already at the second half of April which also looks good in terms of revenue.” 

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 28 countries, more than 1,800 employees and about 20,000 customers. In 2020, the Group recorded record sales of nearly USD 2.4 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}