The dividend of 1.25 PLN per individual share will be paid out to shareholders on the 16th of January. Shareholders attending the general meeting closing the 2021/2022 fiscal year also decided to allow the company to carry out share buybacks on an unprecedented scale in order to cancel them.

In the 2021/2022 financial year, the AB Group managed to set new records, with a net profit of more than 151 million PLN (+22% y/y) and the EBITDA result of 231 million PLN (+27% y/y) on a total of 14 billion PLN in sales – a result exceeding last year’s by 1 billion PLN. In the first quarter of the new financial year (July-September 2022), consolidated sales revenues increased by 22% year on year to a total of nearly 3.8 billion PLN, with EBITDA growing by more than 46% year on year to 58.6 million PLN, with net profit rising by 25% year on year to a total of 31.1 million PLN in spite of the market-wide cost increase linked with interest rates.

“We have had a very successful financial year and see continued positive market prospects. We are delivering on our promise of directly sharing our success with our shareholders, both in the form of dividends and continued share buybacks. At the same time, I would like to point out that securing our operations and growth remains our priority, which means that we are going to be cautious about cash expenditures ,” says Andrzej Przybyło, President of the Management Board of AB S.A., the largest IT and consumer electronics distributor in Poland and the CEE region.

On the 16th of January 2023, the AB Group is going to pay out a dividend of 1.25 PLN per share, which is 25% more than the dividend paid for the previous fiscal year. The record date falls on the 29th of December 2022. Additionally, the total fund for opportunistic share buyback with view of their cancellation was increased by 95 million PLN to a total of over 111 million PLN. Based on the resolutions adopted by the General Meetings to date, the Company has the ability to conduct share buybacks until the 20th of December 2023 in the price range of 1 to 79 PLN per share.