ASBIS ended the year with one of the most profitable quarters in its history

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), generated from Q1 to Q4 2024 sales revenues of USD 3.0 billion. In the same period, the Group’s net profit amounted to USD 54.2 million.

To sum up, despite revenues generated in 2024 being 2% lower than in 2023, the Group’s net profit increased by 2%.

In Q4 2024 stand-alone, which was the most profitable in the Group’s history, ASBIS generated USD 926.9 million in revenues and USD 24.6 million in net profit.

Serhei Kostevitch, CEO of ASBIS Group, commented: “We have finished Q4 and the whole 2024, marking one of the most profitable quarters in our history. Despite the difficulties in our largest markets, such as Kazakhstan and Ukraine, I consider last year’s performance to be very satisfactory.

The revenues were by a fraction lower than a year ago, but we managed to generate a net profit of USD 54.2 million, which allows us once again to deliver on our promises to the market. These are the results that were achieved, among others, due to the large geographical coverage and wide product portfolio.

The leaders of growth were South Africa, Poland, and Azerbaijan. In all these countries, we are growing dynamically through our operations and penetrate all addressable segments. We have also significantly developed projects that can give us growth potential this year. As usual, we confirmed that we are well prepared to weather any difficulties and take all these steps to adapt to the new realities in our markets.“

Serhei Kostevitch added: “In conclusion, looking at all the challenges we faced in 2024, we ended the year in a good style, full of confidence and ideas for 2025. We sincerely hope the geopolitical situation stabilizes and the inflationary pressure will be lower in order for the consumer sentiment to improve. We have many areas of growth in ASBIS. Our goal is clear and it is organic growth through operational excellence, but also through appropriate acquisitions.”