Close to 40-perc. increase in ASBIS revenues in September 2020

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 September 2020 had consolidated revenues at the level of approx. USD 231 million, compared to USD 166 million in September 2019, representing an increase of approx. 39%.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented:“September was the month in which we generated the highest monthly revenues this year. ASBIS sales has been growing dynamically in line with our assumptions and confirms the correctness of our strategy. We experienced revenue increases almost all of our markets. Traditionally, the highest sales was recorded in Russia, while the highest monthly dynamics of revenue growth was recorded in Slovakia and the ME operation in Dubai. We also experience high growth in multiple markets like Romania, Poland and the Adriatic Region.

Siarhei Kostevitch added: “The products that were the biggest drivers of our revenue growth in September were smartphones, CPUs and accessories, among which the AirPods headphones were the best sellers. Sales emanating from Accessories  increased by 70% compared to September last year. The new iPhone 12 models were recently introduced on the markets by Apple. We expect to start selling it to our markets at the turn of October and November. This is expected to be another factor in our revenue growth this year.”

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, close to 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}