Revenues in August 14% better than in July

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 August 2019 had consolidated revenues at the level of approx. USD 158 million, as compared to USD 188 million in August 2018. Estimated revenues generated in August 2019 were over 14% higher than revenues generated in July 2019, when they amounted to approx. USD 138 million. ASBIS revenues are in line with Company's expectations.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors of ASBISc Enterprises Plc, commented: “August was a better month for ASBIS in terms of revenues when compared to July, which is in line with our expectations. For us, however, what  we develop in the long perspective are more important. Therefore, at present it is significant for us to work on the implementation of our strategic focus areas, i.e. the development of the product portfolio of our own brands and strengthening of ASBIS competences in sectors that are promising, i.e. solutions and IT services for corporate clients. According to our expectations, this will increase margins, which is rather difficult when working only in the traditional IT distribution portfolio.

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, 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 26 countries, close to 1,500 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}