Very good November for ASBIS

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 November 2019 had consolidated revenues at the level of approx. USD 202 million, as compared to USD 201 million in November 2018, which is an increase by approx. 1%.
 

Siarhei Kostevitch, CEO and Chairman of the Board of Directors of ASBISc Enterprises Plc, commented: “We are very pleased with the results achieved in November. Our revenues were slightly higher as generated in 2018 - the record-breaking year so far in our history. However, we should remember that we are currently focusing mainly on profitability, what was confirmed by our increased net profit forecast for 2019, which should be in the range between USD 13 million and USD 14 million. The most busy time for our industry is in progress, but I can already confirm that it has met our expectations. With the current revenue in November we are looking to achieve the higher end of our forecast.”

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,, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).}

^{ASBIS has subsidiaries in 26 countries, more than 1,700 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}