Cyprus-based ASBIS achieves record March revenues

Cyprus-based ASBISc Enterprises Plc said March 2023 has been the best March in the company’s history in terms of monthly sales.

ASBIS said it had consolidated revenues of $269 million in March 2023, based on preliminary estimates, compared with $209m in the same month of 2022 (up 29%). In comparison to February, the company’s revenue is estimated to be up 17%.

Costas Tziamalis, Deputy CEO of ASBIS Group, commented: “Our very high March revenues prove that the ASBIS strategy is right and its implementation is proceeding according to plan. Of course, March 2022 was the first month of the war in Ukraine, so last year's revenues were relatively low, but this year we not only topped that base, but also generated a record monthly revenue ever achieved in March. It is a great success that we are very happy about. So we continue our activities. We have a clear goal ahead of us, i.e. the implementation of an ambitious forecast for 2023.”

Costas Tziamalis added: “When it comes to our sales in March 2023, Kazakhstan was the clear leader in sales, followed by Ukraine, Slovakia and UAE. Ukraine recorded the largest increase in sales, but this is due to the very low comparison base last year. Poland also did very well in March, increasing sales compared to March 2022. The best-selling product categories in March were: smartphones, processors and laptops.”

ASBIS Group is 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) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa.

Its business is based on three pillars: Retail chains and e-tailers; Resellers to small and medium business; and Large enterprises.

ASBIS was founded in 1990 in Belarus and has operated in Cyprus since 1995. The company has two main distribution centres located in the Czech Republic and the United Arab Emirates, and two regional distribution centres (Georgia, South Africa), subsidiaries in 28 countries, more than 2,200 employees and about 20 000 active customers in 60 countries worldwide. In 2022, the Group delivered sales of close to $2.7 billion.

The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS).

For more news and information visit: www.asbis.com