ASBIS Board recommends record high 2023 dividend

ASBIS Group’s Board of Directors has decided to recommend a record €27.75m dividend payout for the year 2023 at the company’s upcoming AGM of Shareholders, it announced.

Based in Limassol, 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). In a press release, it said this may be a record dividend payout for the company.

“The Board of Directors of ASBISc Enterprises decided today to recommend to the upcoming Annual General Meeting of Shareholders the payment of the final dividend from profits for 2023 in the amount of USD 0.30 per share,” it said. “This means that, together with the interim dividend paid in December, the amount of dividend from profits for 2023 may amount to USD 0.50 per share. In total, the company may pay out USD 27.75 million to investors. This may be a record dividend paid to the company's shareholders in the history of ASBIS.”

On December 7, 2023, the Company paid shareholders an interim dividend of USD 0.20 per share from 2023 net profit.

Serhei Kostevitch, CEO of ASBIS Group, commented: “For the past 7 years, ASBIS has consistently shared its profits with shareholders. The company is in a very strong financial position, and our profits have been at very high levels for several years, which is why we have decided to recommend dividend payouts at a record level. The remaining profit will be allocated to further development of the ASBIS Group, including new investments in Africa, Central Asia, further development of Breezy and AROS, our robotics division. All these actions will undoubtedly help ASBIS strengthen its market position across all segments it operates and will addon value to shareholders for many years to come.”

(Main photo: Siarhei Kostevitch, CEO and Chairman of the Board of Directors at ASBIS)