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AB posts first quarter figures

by Stuart Wilson, Wednesday 22 November 2017

Central & Eastern European distributor AB Group has reported after-tax profits of €3m (US$3.53m) on sales of €435m (US$511.2m) for its first quarter ending 30th September 2017. This represents an after-tax margin of 0.69%. Andrzej Przybyło, president of the board at AB, said: “We are satisfied with generated quarterly results. The AB Group is a stable and predictable entity whose business model and action strategy works in any market condition.”

In the last quarter, the Czech and Slovak markets stood out in the AB Group’s business, according to the distributor. AB believes that its size and scale represents a significant competitive advantage in the competitive distribution market. The company continues to achieve low operating costs compared to the industry average.

Grzegorz Ochędzan, board member for finance at AB, said: “We have our own distribution centre in Magnice, next to Wroclaw, adjusted to our own purposes and equipped with high-tech automation, which ensures high scalability together with an increase in the sale value.”

In the last quarter AB signed new distribution agreements with Logitech, Gembird and Eterio. In the home appliances space, AB has added Sharp products. The distributor is als reaching into the smart home segment through an agreement with Fibaro.

Sales highlights for AB in the first quarter included the growth of its cloud business as well as increased sales of gaming products. AB sells through a channel customer base of more than 16,000 companies and is listed on the Warsaw Stock Exchange.

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May, 2021

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