ASBIS in Q1 2025: record revenues, net profit impacted by adverse market conditions
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), closed a record quarter in terms of revenues.
ASBIS generated sales revenues of USD 736.4 million in Q1 2025. In the same period, the Group’s net profit amounted to USD 7.3 million.
Serhei Kostevitch, CEO of ASBIS Group, commented: “The first quarter of 2025 was very challenging for our Group. Despite ongoing difficulties in our key markets, we were able to generate record-high revenues. In Kazakhstan, we continue to face illegal imports of Apple products, while in Ukraine, the ongoing war is affecting our sales. It is worth noting that in February and March 2025, we managed to break our monthly sales records. However, we recorded a decline in gross profit margin, which, in addition to the factors already mentioned, was also impacted by lower prices from our main supplier and increased sales of business projects with lower margins. We expect an improvement in gross profit margin in the coming quarters of 2025.”
Serhei Kostevitch added: “For the eighth consecutive year, we are paying a dividend to our shareholders. ASBIS is in a stable financial position, which is why shareholders will receive a dividend at the same level as last year, the highest we have paid to date. We intend to continue our dividend policy in the coming years.”