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ASBIS Group Published Interim Report for Q4'07

March 04, 2008

Investors, financial results

ASBIS Group Published Interim Report for Q4'07

The company's revenues increased by 38.5% to U.S.$ 1.4bn from U.S.$ 1bn in 2006.

Warsaw Stock Exchange

The quarterly report contains ASBIS Group's interim consolidated financial statements for the three months ended 31 December 2007.

The principal events of the three months ended 31 December 2007, were as follows (figures in thousand U.S. dollars):

  • Revenue from sale of central processing units (“CPUs”) increased by 34.3% comparing to the corresponding period of 2006, increasing sales of CPUs to U.S. $ 140,484.
  • Revenues increased by 35.7% to U.S.$ 464,221 from U.S.$ 342,146 in the corresponding period of 2006.
  • Revenues from ASBIS' private labels, Canyon and Prestigio, increased by 19.4% to U.S. $ 35,586 from U.S. $ 29,736 in the corresponding period of 2006.
  • Gross profit increased by 43.7% to U.S.$ 25,651 from U.S.$ 17,856 in the corresponding period of 2006. Our gross profit margin increased to 5.5% compared to 5.2% in the corresponding period of 2006.
  • EBITDA increased by 47.7% to U.S.$ 12,434 from U.S.$ 8,418 in the corresponding period of 2006. The EBITDA margin was 2.7% compared to 2.5% in 2006.
  • Net profit after taxation and before deduction of flotation expenses increased by 51.9% to U.S.$ 9,366 from U.S.$ 6,164 in the corresponding period of 2006.
  • ASBIS' earnings per share increased by 85.8% to U.S. $ 0.18 from U.S. $ 0.10 in the corresponding period of 2006.
  • ASBIS debuted on the Warsaw Stock Exchange on 30 October 2007.

 

The principal events of the year ended 31 December 2007, were as follows (figures in thousand U.S.$):

  • Revenue from sale of central processing units (“CPUs”) increased by 19.6% comparing to 2006, increasing sales of CPUs to U.S. $ 402,843
  • Revenue from sale of hard disk drives (“HDDs”) increased by 21.4% comparing to 2006, increasing the sales of HDDs to U.S. $ 265,967.
  • Revenues increased by 38.5% to U.S.$ 1,397,349 from U.S.$ 1,008,795 in 2006.
  • Revenues from our private labels, Canyon and Prestigio, increased by 34.8% to U.S. $ 102,937 from U.S. $ 76,466 in 2006.
  • Our gross profit increased by 42.5% to U.S.$ 67,939 from U.S.$ 47,693 in 2006. Our gross profit margin increased to 4.9% compared to 4.7% in 2006.
  • Our EBITDA increased by 54.2% to U.S.$ 27,636 from U.S.$ 17,927 in 2006. Our EBITDA margin was 2.0% compared to 1.8% in 2006.
  • Our net profit after taxation and before deduction of flotation expenses increased by 68.8% to U.S.$ 18,686 from U.S.$ 11,070 in 2006.
  • Our earnings per share increased by 92.2% to U.S. $ 0.38 from U.S. $ 0.20 in 2006.

 

The complete report in English and Polish is available for download on Financial Reports page.

 

Disclaimer: The information contained in each press release posted on this site was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.