ASBIS’ December revenues were up 8% y-o-y

07:21 - 23 January 2024

Technology

ASBISC Enterprises PLC had consolidated revenues of approximately $328m in December 2023, recording a year-over-year increase of 8% compared with its €303m revenues in December of the previous year.

“This signifies that the financial forecast for 2023 at the revenue level has been achieved,” it said in a press release.

Siarhei Kostevitch, CEO of ASBIS Group, commented: “"December was intense for ASBIS. Our revenue forecast at the revenue level has been realised. However, we do not slow down. As always, we set ambitious plans for ourselves. We are actively expanding sales not only in Central and Eastern Europe and Asia but also in Africa and Western Europe, where we invest and expect significant business. We are also strengthening our capabilities, not only in terms of products but also in logistics. This will enable us to meet the increasing demand from our customers. Despite the market slowdown, this year may be another year of intensive development for ASBIS and the strengthening of our market position."

Siarhei Kostevitch,added: “In December 2023, we saw virtually no significant changes among sales leaders. They were: Kazakhstan, Slovakia, Ukraine and the United Arab Emirates. Poland was one of the leaders in the growth of our sales, generating over 70%. year-on-year revenue growth.”

Cyprus-based ASBIS 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).

ASBIS’ December revenues were up 8% y-o-y

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