Asbis estimates approx. USD 267 mln revenue in September, down 12 pct y/y

Listed IT equipment distributor Asbis Enterprises estimates that it had consolidated revenues of approximately USD 267 million in September, down from USD 304 million in the prior year period, which translates into a decrease of 12 percent, the company said in a market filing.

"Last year's September was the best September in terms of sales in our entire 30-plus year history. Despite all the challenges we faced, our September revenues were the highest of any previous month in the year. The negative impact of the new realities in Kazakhstan, the continuation of the war in Ukraine and the escalation in the Middle East are the key issues we are currently facing," said Asbis Group's CEO Serhei Kostevitch, quoted in the press release.

"In addition, the expected debut of new Apple products did not have an impact on our revenues in September, as they only debuted in our markets in late September/early October and mid-October, so we expect a greater impact in November and December," he added.

Asbis Group is a leading value-added distributor, developer and provider of ICT and IoT products, solutions and services in the growing markets of Europe, the Middle East and Africa (EMEA).

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