ASBIS achieved increased revenues in the first half of 2023

ASBISC Enterprises PLC (WSE: ASB), a leading Value Add Distributor, developer, and provider of ICT, IoT products, Robotic solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), despite the extremely difficult market environment, generated excellent financial results in the first half. Revenues in the first half of 2023 amounted to nearly USD 1.4 billion,15% higher than those generated in the same period of last year (USD 1.2 billion). The Group’s net profit amounted to USD 28.6 million, as compared to USD 27.1 million in the first half of 2022 (an increase of 6%). In Q2 2023, ASBIS generated USD 674.1 million in revenues and USD 11.2 million in net profit.

“After the most profitable first quarter in the Company’s history, we ended the second quarter of 2023 very strongly, generating high, double-digit sales growth from month to month,” said Serhei Kostevitch, CEO of ASBIS Group. “Thanks to the consistent implementation of our strategy and the great determination of our teams, we managed to achieve a strong increase in revenues, despite the fact that historically the second quarter is the weakest quarter of a calendar year in the IT industry.”

Serhei Kostevitch, added: “In the second quarter of 2023, we continued our strategy of investing in promising markets, such as the countries of Central Asia, the Caucasus and Africa, but also in Western Europe, building strong teams thanks to which we can dynamically increase our sales. We also continued to strengthen and develop our portfolio of IT products and services with technologically advanced solutions, including the robotics division – ASBIS Robotic Solutions (AROS)”.