A GREAT BEGINNING OF THE YEAR FOR ASBIS – YOY REVENUE UP 32% IN JANUARY

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 January 2021 had consolidated revenues at the level of approx. USD 231 million, compared to USD 175 million in January 2020, representing an increase of approx. 32%. 

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “We are starting this year very well, in January we recorded 32 percent. increase in revenues compared to the same month a year earlier. Last year was the best year for ASBIS, but we have ambitious plans for this year as well. As you can see, we are not slowing down, we are working at full capacity, we are launching new business projects, such as Breezy. Through this new investment, we will manage the market of used Apple and other brand’s products, giving them a second life. We have a strong position in our distribution markets, so the start of this project will be easier. We will soon inform you about our next ideas for diversifying the IT distribution business. 

Siarhei Kostevitch added: “In January, all our product lines recorded high increases in revenues. The products that were the biggest growth drivers were smartphones, processors and accessories. The sales hit in January was yet again CPUs due to high demand in high capacity computing. 

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, more than 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}