Friday, 23 October Cyprus Nicosia +20°
News

Asbis sets monthly sales record as September revenues reach $1.05 billion

Cyprus-based Asbis reported estimated September 2026 revenues of $1.05 billion, up 216 per cent year on year, with Kazakhstan, the UAE and Ukraine leading sales.

Asbis sets monthly sales record as September revenues reach $1.05 billion
Photo: illustrative photo

Limassol, Cyprus. Technology distributor Asbis announced on Wednesday that its estimated consolidated revenues for September 2026 reached $1.05 billion, taking monthly sales above $1 billion for the first time. The Limassol-headquartered company reported growth of 216 per cent against September 2025.


Record revenues from regular operations

Asbis said the result exceeded the $332 million recorded in September 2025 and established records both for September and for any month in the group’s history.

Serhei Kostevitch, chief executive officer of Asbis Group, said the revenue total and annual growth demonstrated the company’s potential, operational scale and opportunities arising from its presence in multiple markets.

He attributed the record to normal business operations, saying it reflected a strong business model, a wide-ranging product offering and ties with global manufacturers and trading partners.

Technology demand supports growth

The company said rising demand across its international markets for artificial intelligence solutions, computing infrastructure and other advanced technologies had contributed to the performance.

Kostevitch said this demand was opening opportunities throughout the industry. He added that the group had good visibility and that its project pipeline indicated continued AI development.

According to Asbis, Kazakhstan, the United Arab Emirates and Ukraine contributed the largest portions of September revenues. Slovakia and Poland followed, with Poland continuing to represent a significant share of group sales.

Breaking Cyprus news on Telegram Subscribe to be the first to know about the island's key events.
Subscribe
How this material was prepared

This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →

Leave a comment

Latest news