ASB Asbisc

RNS Number:1720Q
ASBISc Enterprises PLC
26 January 2007

Embargoed for 7.00am, 26 January 2007



                             Asbisc Enterprises Plc
                           Period-End Trading Update



Asbisc Enterprises Plc ("Asbisc" or the "Company"), a leading distributor of
computer components in high growth emerging markets in Central and Eastern
Europe and the Former Soviet Union, announces a period-end update on trading for
the year to 31 December 2006.



Asbisc has completed a successful year of trading and expects revenues for the
year to 31 December 2006 to have reached a record level in excess of US$1
billion.  As a result, profits for the year are expected to be slightly ahead of
market expectations.



The growth in revenues over the prior year was underpinned by the Company's
continued strong relationships with its supplier base including industry leading
manufacturers such as Intel, AMD, Hitachi, Seagate, Samsung, and the addition of
new suppliers across its key geographic markets.  In addition, the Company has
seen encouraging growth in the percentage of Group sales achieved from its two
higher margin, own brand products lines, Prestigio (flat panel displays and LCD
technologies) and Canyon (consumer electronic peripherals and accessories).



Siarhei Kostevitch, Chief Executive of Asbisc, commented:



"We are very pleased to see revenues for the year at record levels with the
continued growth of our core distribution and own brand businesses.  In
addition, we are encouraged by the growth in contribution from our own brand
products, in line with our stated strategy, which has helped drive a strong
Group performance for the year."



Asbisc will announce its full-year results for the year ended 31 December 2006
in mid April 2007.



For further information, please contact:


Asbisc Enterprises Plc                            00 357 25 857 000
Marios Christou, Chief Financial Officer
Costas Tziamalis, Investor Relations

Financial Dynamics                                020 7831 3113
Harriet Keen / Richard Mountain



Notes to Editors



Asbisc is based in Cyprus and specialises in the distribution of IT components,
Blocks and Peripherals and a growing range of own brand IT and digital
equipment.  Established in 1995, its operations extend to Central and Eastern
Europe, the Baltic States, the former Soviet Union, the Middle East and North
Africa.



In addition to distributing products from IT industry manufacturers, the Group
has also developed, and is selling, products via two own brands, Prestigio,
which supplies laptops, LCD TVs and monitors, digital media centres, storage
devices and subsystems and Canyon which primarily targets retail chains with IT
and consumer electronic peripherals and accessories such as networking products,
MP3 players, speakers and other products.



Gartner estimates the size of the Eastern European and former Soviet Union
market, measured in amounts spent by end customers, was US$11.4 billion in 2005
and it is estimated to rise by 14% to US$13 billion by 2007.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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