Asbis Enterprises PLC — Management Reports 2019

Mar 27, 2019

Title:

The financial forecast for Y2019

Legal Ground: Art. 17 ust.1 MAR - inside information

Message:

The Board of Directors of ASBISc Enterprises Plc ("the Company") herebyannounces the Company's financial forecast for Y2019.

The Company forecasts that for 2019 will reach the following:

- Sales revenue at the level between USD 1.7 billion and USD 1.9 billion,

- Net profit after tax at the level between USD 8.5 million and USD 10.0million

Forecasted values result from the Company's strategy including - but notlimited to - more focus on sales in the FSU and CEE regions, increase inthird-party brands' distribution and continuation of stable back-to-backown brands business.

The significant assumptions made on the forecasted results are thefollowing:

- The situation in our major markets of Russia, Ukraine, Kazakhstan,Belarus and Slovakia will not deteriorate, as compared to 2018

- There will not be any major devaluations of the currencies of Russia,Belarus, Kazakhstan and Ukraine, and therefore it will not negativelyaffect demand on those markets

- There would be no significant disturbance in the general economicenvironment in other markets where the Company operates

- Competition in all major segments will remain similar to that of 2018,with no new significant market entrants

- The Group will continue enjoying favourable terms from its keysuppliers

- Smartphones segment will not deteriorate more than 10% in the marketswe operate.

Realization of the forecasted results will be monitored by the Companyon a quarterly basis. The monitoring and evaluation criteria will be theachievement of budgeted revenues and net profit for each quarter of2019. In case of any significant variation between the actual andbudgeted results, the Company will amend this forecast through a currentreport.