Distributor AB Group has claimed another successful quarter with sales of €437.1m, a slight rise compared to the previous year.
EBITDA was €4.8m giving a net profit of €2.7m. It continues to add to its portfolio: Oppo phone products are expected to be introduced to the Polish market is the first half of 2019. Other rising areas are cloud-based software distribution (+94% y/y), digital signage (+46% y/y) and gaming (+52% y/y.) The VAD segment is also growing at a strong double-digit rate (+22% y/y in Poland, +31% y/y in Czechia), it says.
“The business model of AB Group differs from its competitors. That is why we are a safe bet and why we focus on long-term business relationships. Our safe business model enables us to build shareholder value not only through current cash flow surpluses, but also through the best starting position for the future,” says Andrzej Przybyło (pictured), Chairman of the Management Board of AB.
Franchise chains constitute an important part of the growth strategy, he says. For example, the Digimax chain (telco) has recorded a turnover growth of 40% y/y. The shop-in-shop formula with an offer of gaming products – X-Play – is also growing, recording a 29% growth in sales y/y.
The e-commerce area is crucial for the AB Group, it says, as it shows the growing importance of digital sales channels. In this area, AB Group claims dynamics that are many times higher than the broad market.
