Increase in ASBIS revenues by 9% in June, despite difficult market conditions

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 June 2020 had consolidated revenues at the level of approx. USD 168 million, compared to USD 155 million in June 2019, representing an increase of approx. 9%.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “The second quarter of this very difficult year was better for us than last year. In June alone, we recorded 9% higher revenues than in June 2019. We are very pleased with these results, especially if considering the market conditions. This proves the maturity of our organization and, despite the large scale of operations, the ability to quickly respond to market changes. Once again ASBIS has proved that thanks to an effective strategy it can quickly adapt to the market and generate good results.”

Siarhei Kostevitch added: “We have been indicating for some time that the Information Technology industry in which ASBIS operates will be one of the sectors that will be less affected by the crisis due to the high demand for systems related to the creation, transmission and sharing of information. The group has enjoyed growth in multiple product lines in Q2, thanks to which ASBIS revenues exceeded our expectations. The most growing lines were those related to remote work and networking.”

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 (smartphones, tablets, external storage,, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices), 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}