ASBISc Enterprises : STEADY REVENUES OF ASBIS IN FEBRUARY

STEADY REVENUES OF ASBIS IN FEBRUARY Press release. Limassol, Cyprus. 22 March 2024

ASBIS Group (WSE: ASB) - 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), according to preliminary estimates, in February 2024 had consolidated revenues at the level of approx. USD 236 million, compared to USD 230 million in February 2023, an increase of approx. 2%. February 2024 also showed about 5% improvement in revenues, compared to January 2024.

Siarhei Kostevitch, CEO of ASBIS Group, commented: "In February 2024, we assess the month as stable in terms of revenue. Following a very strong last year during which we experienced a very dynamic sales growth, February has delivered revenues according to expectations year on year. Our aim is to generate sales growth in 2024, which will also translate into a stronger foundation for the future. Currently, we are working on forecasting the financial results for 2024, which we will publish as soon as we have a clearer picture of market factors, that may impact our results."

Siarhei Kostevitch, added: "In February 2024, we practically did not observe any significant changes among the sales leaders. These were Kazakhstan, Slovakia the United Arab Emirates and Ukraine. Poland once again found itself at the forefront of monthly revenue growth, ranking in TOP10 countries of year-on-year in February. The best-selling products in February 2024 were smartphones, processors, and laptops."

For additional information, please contact:

Iwona Mojsiuszko
8Sense Public Relations
Tel. [phone]
E-mail [e-mail]

^{About ASBIS Group}

^{ASBIS Group 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) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa.}

<sup>The business of ASBIS is based on three pillars:
1. Distribution of hardware and software for Client Computing and Data Centers, consumer electronics thru:
a. Retail chains and e-tailers
b. Resellers to small and medium business
c. Large enterprises.
2. Full stack in creation of world class products. From scientific research and development to design and engineering, firmware and software, production and marketing of IT and IoT products and solutions via own brands:
a. Aeno (small home appliances).
b. Canyon (smart watches, power banks, accessories for computers and mobile devices)
c. Cron Robotics (building own solutions in the robotics segment, including cobots).
d. Lorgar (accessories for gaming and streaming)
e. Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
f. Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
d. Prestigio Solutions (innovative technological solutions for business and education)
3. Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers.</sup>

^{ASBIS was founded in 1990 in Belarus, since 1995 operates from Cyprus. Company has 2 main distribution centers in the world located in the Czech Republic and the United Arab Emirates and 2 regional distribution centers (Georgia, South Africa), subsidiaries in 34 countries, more than 2,200 employees and about, 20 000 active customers in 60 countries worldwide. In 2022, the Group delivered sales of close to USD 2.7 billion.}

^{The Company's stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol "ASB" (ASBIS).}

^{For more news and information visit:www.asbis.com}