Strong, 15-proc. increase of revenue in February 2020

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 February 2020 had consolidated revenues at the level of approx. USD 176 million, compared to USD 153 million in February 2019, which is an increase by approx. 15%.

Siarhei Kostevitch, CEO and Chairman of the Board of Directors ASBISc Enterprises Plc, commented: “February was another month of good sales for ASBIS. Despite the extremely difficult enivironment, the company has managed to beat the already high sales of February last year. The market itself has grown much less and this proves our ability to outperform the trends. Since the beginning of February, when this new virus reached our markets, companies and institutions have been struggling to make things work however ASBIS has managed to get stronger. We have noticed a stronger demand for remote work equipment such as laptops and monitors. This, coupled with the project business, which has not been affected has given ASBIS the growth in its revenues. It is our belief that the IT sector will be the one which will be less affected, since we are living in the information era where the need for both hardware and software is highest than ever.”

Siarhei Kostevitch added: “We closely observe the current market situation and carefully analyze it. We don't see a slowdown in our operations yet, quite the opposite. However, we expect that it can reach us due to the closing borders of individual countries. We are convinced that it will be felt in the short term. However, we decided to move our financial forecast to May, because we want to be sure that the data presented to the market will be accurate, as it has been until now.”

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,, GPS devices, car-DVRs, multi-boards etc.), Canyon (power banks, networking products and other peripheral devices), Perenio („IoT”) and Atlantech (servers, data storage, data center solutions).}

^{ASBIS has subsidiaries in 26 countries, more than 1,800 employees and about 30,000 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}