The official Tech Trendy Biznes Gala in Warsaw brought us an announcement of results of the annual plebiscite held by CRN Polska and Vademecum VAR-ów i Integratorów magazines. Representatives of AB S.A., the largest distributor in Poland, won in three categories thanks to the votes of resellers, integrators and producers: • Andrzej Przybyło, the creator of the company and the Chairman of the Management Board of AB S.A. was awarded the title of “IT Market Personality,” • Patrycja Gawarecka, Sales and Marketing Director, won the “Distributor Sales Director" category for another subsequent year, while • Łukasz Knap, Key Account Manager, was distinguished as the “Salesman of the Year.”
OPTIMUS – a brand owned by the AB Capital Group, the biggest distributor of IT, household appliances & audio/video devices and consumer electronic goods in Central & Eastern Europe – will present its offer to e-sport fans during two weekends of the Intel Extreme Masters EXPO 2018 fair.
On the 14th of December, the Wrocław Congress Centre at the Centennial Hall hosted a day-long "Made in Wroclaw” conference with start-up creators and business leaders from Wrocław. The list of speakers also included Andrzej Przybyło, founder and chairman of the board of AB S. A., who took part in a debate during one of panel discussions of the event.
AB Group, the largest distributor of IT solutions and consumer electronics in Poland and the CEE region, has concluded yet another successful quarter. Even in times of demanding market conditions, the Group generates stable turnover, solid profits and cash surplus, has an exemplary balance sheet structure and safe financial indicators. In the first quarter of FY2018/19 (July–September,) AB Group recorded revenues of EUR 437.1 million, which is a slight improvement compared to the results from the previous year. This enabled the Group to generate an EBITDA result of EUR 4.8 million and a net profit of EUR 2.7 million. Equity grew to more than EUR 173 million, exceeding the values seen on competitors’ balance sheets several times over. This manifestation of a responsible strategy led to a situation where, at the end of September this year, financial debt accounted for only 30% of equity, and the net debt to EBITDA ratio was at a safe 2.1x. Thanks to the exemplary quality of financial settlements, AB Group was also distinguished by financial institutions – the list of accolades includes the Golden Payer title awarded by Euler Hermes for the highest payment morality. High and stable liquidity ratios go hand in hand with the lowest SG&A ratio (only 2.7%) in the industry, which shows the efficiency of the distributor’s operations.more