ASBIS

ASBISC Enterprises PLC is a multinational corporate group that is engaged in distribution of IT-products (mobile devices, computer software and hardware) in Europe, Middle East and Africa (EMEA) emerging markets and is headquartered in Limassol (Cyprus).

ASBIS
TypePublic
WSE:ASB
IndustryElectronics
Founded1990 in Belarus. Holding founded in 1995 in Cyprus
FounderSergei Kostevitch
(Chairman) & (CEO)
Headquarters
Limassol
,
Cyprus
Number of locations
Local offices in 27 countries (2021)
Area served
EMEA[1]
ProductsComputers, Mobile gadgets, Computer software, Computer hardware, Accessories
BrandsPrestigio, Canyon, Perenio, AENO, Lorgar
RevenueIncrease US$3.1 billion (2021)
Increase US$113.75 million (2021)
Increase US$77.1 million (2021) [2]
Number of employees
2,000+ (2021)
Websitewww.asbis.com

ASBIS distributes a wide range of A-branded finished products and IT components to assemblers, system integrators, local brands, retail and wholesale companies. The company is an official distributor of world's leading brands such as Intel,[3] Advanced Micro Devices ("AMD"), Seagate Technology, Western Digital, Samsung, Microsoft, Toshiba, Dell, Acer, Hitachi, Gigabyte, Lenovo and Apple.

The company also generates a significant part of its revenue from the sales of IT and consumer electronics products under its own brands - Prestigio, Canyon, Perenio, AENO and Lorgar.

History

The company was founded in Belarus in 1990 and signed its first agreement with the global IT vendor, Seagate Technology in 1992. In 1995 the company was incorporated in Cyprus and its headquarters moved to Limassol.

As the business was growing, ASBIS was opening local offices across Europe, and in 2000 the company opened a distribution center in Prague to serve its subsidiaries and key customers in 10 countries of Central and Eastern Europe. [4]

In 2007 the company went public by completing a successful IPO at Warsaw Stock Exchange. 36.7% of the company shares were traded in 2011.[5]

In 2009 while coping with the consequences of the financial crisis of 2007–2008, ASBIS signed 25 new distribution agreements, including those with Apple for Georgia and 9 countries of the Commonwealth of Independent States (CIS).

In 2011 ASBIS started to sell tablets and in 2012 smartphones under its own brand Prestigio.[6]

ASBIS was acknowledged for its investment in the national economy of Cyprus in 2014 at the ‘CIPA International Investment Awards’ held under the auspices of the President of the Republic. [7]

Despite the challenges of the year 2014 when the demand in its two key markets (Russia and Ukraine) decreased due to political and economic turbulence, in 2015 ASBIS already achieved strong results and was included in the Top-10 IT distributors (by revenue) in the ‘Distributors in Europe – the top 500’ database report published by IT Europa. [8]

Operations

The company's headquarters are located in Cyprus and coordinate the work of 2 logistics centers in the Czech Republic and the United Arab Emirates. Local offices in 27 countries enable the company to supply more than 20,000 customers in 56 countries. [9]

ASBIS distributes mobile gadgets, computer software and hardware on the markets of the following countries:

In 2021 the company's sales were shared between the following markets: 57.66% – FSU, 21.25% – Central and Eastern Europe, 10.65% – Middle East & Africa, 8.66% – Western Europe, 1.77% – Other. [10]

Brands
MultiBoard 98"
Ultra high definition MultiBoard 98" with touch screen and Windows 10 Pro PC.

Prestigio
Prestigio Multiphone PAP5430

Yuri Antoshkin held the position of General Manager, Prestigio EMEA, from 2006 to October 2014. Over this decade the company's sales increased almost 30 times [11] followed by the established cooperation with the largest Russian electronic retailers (Euroset, Eldorado, M.video and others). The Prestigio brand has become the leader in the Russian market of GPS navigation devices[12] and has entered the top 3 of the tablet computers market in Russia.[13] In 2011 Prestigio navigation system was ranked first in sales in Russia with a market share 28.5%.

In 2013 Prestigio introduced the first two ranges of B2B products: MultiBoard (interactive flat panel displays with Windows PCs and supporting software for meeting rooms and education) and Digital Signage (public information screens).[14] In 2016 MultiBoard range extended with the biggest ultra high definition display with interactive touch features - MultiBoard 98" UHD.[15]

In April 2013 ASBIS in cooperation with Intel started to develop a new smartphone under the brand Prestigio. Smartphone Prestigio MultiPhone PAP5430 with the processor Intel Atom Z2420 went on sale in August 2013.[16]

On October 24, 2013 Prestigio and MediaTek introduced the new models of tablets based on MediaTek MT8389 processor.[17]

In 2019, the brand launched Prestigio Click&Touch – a keyboard based on Touch On Keys technology that enables a user to control a cursor, click, scroll and zoom directly on the keyboard surface like on a traditional touchpad. [18] The keyboard won Red Dot Awards 2020 in the Computer and Information Technology, TV and Home Entertainment, Smart Product, and Innovative Product categories. [19] A year later, the second generation of the keyboard – Prestigio Click&Touch 2, also won the Red Dot Awards in the Computer and Information Technology category.[20]

Canyon

The brand was established in 2003 in the Netherlands and focuses on computer and mobile accessories, gaming peripherals, and smart watches. It grew to have 16 offices across Europe and sold more than 762,000 devices in Eastern Europe in 2021. [21]

Perenio

Launched in 2018 and located in Czech Republic, Perenio specializes in the Internet of Things, Smart Home/Office, and Smart Health. In 2021 the brand has launched an innovative anti-virus device - Perenio Ionic Shield. The device was designed to prevent infectious diseases caused by known coronaviruses and their strains - including Sars-CoV-2. The ion complex emitted by the device has sufficient kinetic energy to destroy the positively charged outer membrane of coronaviruses and their negatively charged RNA. [22]

AENO

AENO is a brand of smart home appliances, created and manufactured in China. [23] ASBIS announced this brand at the end of 2021 and the first product categories were released shortly afterwards. [24]

Financial performance

In 2013 the company's revenues increased by 10.06% to reach $1.92 billion. Operating income reached $31.939 million and net income grew by 40.51% to reach $12.712 million. EBITDA increased by 50.95% to reach $34.84 million.[25] The company's revenue from the sales of private labels Prestigio and Canyon grew to a historical record of $468.988 million, and as a result of the own brand contribution, the total revenue growth was 24.42%.[25]

In 2021, ASBIS achieved record-breaking financial results both in the fourth quarter and throughout the year. Sales revenues in 2021 exceeded the threshold of USD 3 billion for the first time and amounted to nearly USD 3.1 billion, compared to USD 2.4 billion in 2020, an increase of 30%. Net profit during that time doubled to $ 77.1 million, compared to $ 36.5 million in 2020. [26]

References
  1. CME Awards 2013 honours channel champions, www.itp.net. Retrieved April 1, 2013.
  2. "ASBIS corporate update 2022" (PDF). Retrieved 2022-04-04.
  3. ASBIS wins two sub-regional awards at Intel DEC in Vienna, www.resellerme.com. Retrieved March 26, 2012.
  4. "ASBISC ENTERPRISES PLC, Agency Prague, organizační složka Říčany IČO 70106479 kontakty 06.06.2022 - Finance.cz". finance-rejstrik (in Czech). Retrieved 2022-06-06.
  5. Shares of ASBIS and Energoins companies will supplement WIG and WIG-PL indices, www.gpw.pl. Retrieved February 11, 2007.
  6. "Prestigio Plaza Ltd.: Private Company Information - Businessweek". www.bloomberg.com. Archived from the original on 2016-04-13.
  7. "ASBIS: Tιμήθηκε με το βραβείο «CIPA International Investment»". Digital Life! (in Greek). 2014-09-25. Retrieved 2022-06-20.
  8. "European distribution on the rebound with wider portfolios". ITEuropa. 2015-10-29. Retrieved 2022-06-20.
  9. "ASBIS Group Corporate Update 2022" (PDF).
  10. "Consolidated Interim Report for Q4 2021" (PDF). p. 21.
  11. Гендиректор Prestigio Юрий Антошкин покинул компанию, "Ведомости"
  12. Prestigio – лидер российского рынка GPS-навигации
  13. Prestigio стал третьим на рынке планшетов, "Ведомости"
  14. "Prestigio выходит на рынок интерактивных дисплеев | Статьи | Компьютерное Обозрение". ko.com.ua. Retrieved 2017-01-16.
  15. "ASBIS offers new just-launched unique interactive MultiBoard from Prestigio". investor.asbis.com. Retrieved 2017-01-16.
  16. "Prestigio MultiPhone 5430 With Intel Inside Hits The Market". Archived from the original on 2013-11-13. Retrieved 2013-11-14.
  17. MultiPad Diamond 7.85 and MultiPad 4 Diamond 7.85 3G Tablets Feature Fancy Designs
  18. Godet, Alain (2020-02-18). "ASBIS Invests in Clevetura". ITdistri. Retrieved 2022-04-18.
  19. "Prestigio Click&Touch keyboard wins four Red Dot Design awards". Business Tech Africa. 2020-04-10. Retrieved 2022-04-18.
  20. Solutions, BDigital Web. "Το έξυπνο πληκτρολόγιο Prestigio Click&Touch 2 κέρδισε το Red Dot Award: Product Design 2021". Kathimerini.com.cy. Retrieved 2022-04-18.
  21. Editors, EuropaWire PR. "Canyon strengthens its presence in the Eastern European market". EuropaWire.eu. Retrieved 2022-06-14. {{cite web}}: |last= has generic name (help)
  22. a.s, SITA Slovenská tlačová agentúra (2021-06-21). "Spoločnosť ASBIS uvádza na európske trhy inovatívne zariadenie na boj proti vírusom". Webnoviny.sk (in Slovak). Retrieved 2022-05-24.
  23. SigmaLive. ""Η ASBIS παρουσιάζει τις νέες «έξυπνες ηλεκτρικές σκούπες ατμού» - της ΑΕΝΟ" | News". www.sigmalive.com. Retrieved 2022-06-06.
  24. "ASBIS: Το νέο «έξυπνο» brand οικιακών συσκευών-η AENO". InBusiness. Retrieved 2022-06-06.
  25. "ASBIS published 2013 results". Archived from the original on 2016-03-03. Retrieved 2019-05-25.
  26. Wiadomości (2022-02-24). "ASBIS publikuje wyniki za 2021 r." StrefaInwestorow.pl (in Polish). Retrieved 2022-04-11.
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