ASBIS publishes revenues for October 2024
ASBIS Group (WSE: ASB) - a leading Value Add Distributor, developer, and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), according to preliminary estimates, in October 2024 had consolidated revenues at the level of approx. USD 236 million, compared to USD 261 million in October 2023, which means that they were lower by about 9% compared to last year.
Serhei Kostevitch, CEO of ASBIS Group,commented: “October did not bring any significant changes in the situation on our main markets. Kazakhstan was the largest market in our sales structure, followed by Ukraine, where sales are growing dynamically compared to last year. Poland is one of the fastest growing markets in our sales, thanks to a very well-chosen product structure and a great team of specialists. The debut of the main new Apple products on our markets took place only in mid-October, so we expect a greater impact of these sales on our results in November and December.”
“As we announced, November sales will show us whether we will maintain our forecast for 2024. However, this does not affect the situation of ASBIS, and this is why we decided to pay an interim dividend from the expected profits for this year”, added Serhei Kostevitch.
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