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ASBIS’ January revenues up 1% y-o-y

ASBIS Group announced that its consolidated revenues increased by 1% in January compared with the same month last year, reaching approximately €225m compared to €222m, according to its preliminary estimations.

Siarhei Kostevitch, CEO of ASBIS Group, commented: "We assess January as satisfactory, but also exert every effort to ensure that the subsequent months are even better. In January markets were slow, but we managed to outperform last year’s result marginally. We are expanding sales in countries where we see the opportunity for further improvement in our results. Kazakhstan is currently the largest market, developing quite dynamically, which is why we have decided to build a new distribution centre covering an area of 20,000 square meters, resulting in an increase in ASBIS's total warehouse space by over 30%. This year promises to be very interesting, and we will make sure that we raise the bar and deliver another excellent result for our shareholders."

Kostevitch, added: "In January 2024, we practically did not observe significant changes among the sales leaders. They were Kazakhstan, Ukraine, Slovakia, and the United Arab Emirates. Poland once again found itself at the forefront of monthly revenue growth, ranking fifth in terms of year-on-year sales dynamics in January. The best-selling products in January 2024 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).

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