Leading IT company ASBIS Enterprises exceeds $3bn in annual revenue

Leading IT company ASBIS Enterprises exceeds $3bn in annual revenue

Leading IT company ASBIS Enterprises has celebrated its highest annual revenue in its 30 year history.

The developer and supplier of It and IoT products, solutions and services recorded high sales in December 2021, and exceeded its annual revenue by $3billion.

The company works within growing markets in Europe, Middle East and Africa and increases its year on year revenue by 16%.

The group distributes A-branded finished products like tablets, smartphones, laptops, desktop computers, servers, networking equipment to retail, corporate clients, SMB and wholesale. It also provides products to its IT clients as well as offering services such as complete solutions, building blocks and peripherals.

Costas Tziamalis, Management Board Member and IR and Risk Director of ASBIS Enterprises Plc, commented: “We have just officially joined the prestigious group of companies with annual revenues of USD 3 billion. This is a great achievement for us that we are all proud of.

“The past year has been extraordinary for us. We not only achieved record high revenues, it was also the most remarkable in terms of profitability. We have strengthened our presence in all markets in which we operate, all product lines have grown significantly. We are also actively investing in alternative revenue streams and we are extremely confident for the years to come.”

Costas Tziamalis added: “We have started 2022 in a very strong manner and we are very optimistic about it. It is in our DNA to aim higher and predict growth during the beginning of every year and this is why we set ourselves ambitious plans. We want to be a leading IT distributor with added value and consumer electronics in the markets where we are already present and introduce a new quality for our valued customers.

“Despite the recent turmoil around our regions, we confirm that our company is strong and ready to weather any unlikely situation which might appear in our way. Our thirty year history has proven that we know how to manage crises and we are confident that our company is at its best to manage it once again.”