Good February for ASBIS

PRESS RELEASE - 21 March 2019; Limassol, Cyprus; Warsaw, Poland

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “Despite the lower revenues compared to last year, we are very satisfied with the sales performance of the group for February 2019.The sale of smartphones was very strong in the first half of the previous year and starting from the second half of 2018, decreased significantly. As a result, sales in the first quarter of this year are lower than last year, but this is a situation that we have under control. We are have been expecting these results  and we are currently working not so much on the abrupt increase in sales as on the development of higher margins. This will also be influenced by the further development of our product portfolio, including all private label branded products. We are currently working on our financial forecast, which we will publish by the end of March” 

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, currently selling to 60 countries worldwide.} 

^{The Group distributes products of many vendors, and manufactures and sells private-label products: Prestigio (smartphones, tablets, external storage, leather-coated USB accessories, GPS devices, Car-DVRs, Multi-boards etc.), Canyon (MP3 players, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).}

^{ASBIS has subsidiaries in 28 countries, about 1,780 employees and 30,000 customers.}

^{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}