Locked content ABC Data reports sales down in December

IT hardware and consumer electronics distributor ABC Data reported in a press release on Monday that its consolidated sales in December were PLN 535 million. This was a decrease from PLN 578 million in November. However, it also reported that its overall sales, y/y, had improved in 2016. During the ...

Locked content Polish company becomes Xiaomi’s first distributor in EU

Polish firm ABC Data has become the first official distributor of Chinese electronics producer Xiaomi in the European Union, Ilona Weiss, CEO of the company informed.  “Xiaomi is one of the fastest growing manufacturers in the world. I am convinced that the products of our partner will enjoy g...

Locked content ABC Data acquires 81.3% stake in S4E

IT hardware distributor ABC Data will buy an 81.3 percent stake in S4E, paying between PLN 19.8 million and PLN 25.4 million, depending on fulfillment of business targets set in the investment agreement, the company informed. The acquisition should enable ABC Data to increase its VAD segment revenue...

Locked content ABC Data wants to be number 1 in CEE by 2018

IT hardware distributor ABC Data wants to be a leader in CEE and be valued at PLN 1 billion by 2018, said Ilona Weiss, CEO of the company, at the presentation of its strategy for 2016-2018. The strategy is to be realized by organic growth, as well as through acquisitions. The company plans to win...

Locked content ABC Data gets green light for PLN 100 million bond issue

The shareholders of WSE-listed IT distributor ABC Data agreed to a bond issue worth PLN 100 million at an EGM with 86.4 percent of votes in favor of the issue. The five-year bonds can be issued within the next two years. The stockholders did not agree, however, to a rights issue of 1.13 million J-se...

Locked content ABC Data to have new CEO

Ilona Weiss will be the new chief executive if IT distributor ABC Data, the company said in a statement on Monday.  She will assume the position on January 1, 2015. Weiss has so far been the company’s deputy CEO. She will replace Norbert Biedrzycki, whose contract expires on December 31, 2014. “Our ...