21.03.2025

Shareholders of the publicly listed IT distributor have approved a dividend of PLN 3.00 per share—a 50% year-over-year increase—based on the profit from the 2023/2024 financial year. Nearly PLN 48.6 million will be distributed to shareholders.

AB Group, the largest distributor of IT and consumer electronics in Poland and the broader CEE region—and ranked number 5 across Europe—continues to deliver strong financial results while balancing growth with regular profit sharing for its investors.

– As in previous years, we approached the dividend amount conservatively, with a primary focus on supporting business growth in light of favorable market prospects, including demand-driven spending such as allocations from the National Recovery Plan (KPO). We assessed the 2023/2024 financial year positively and see continued optimism for the coming quarters. That’s why the Management Board proposed a dividend of PLN 3.00 per share—a 50% increase compared to the previous year, and in real terms even more, considering that the fiscal year covered an extended period of five quarters – said Grzegorz Ochędzan, Vice President for Finance at AB Group.

The General Meeting approved the Management Board’s proposal, adopting a resolution to distribute nearly PLN 48.6 million in dividends (PLN 3.00 per share). The dividend record date is April 8, and payout is scheduled for April 15. In parallel, AB Group continues to return value to shareholders through a share buyback program of up to PLN 100 million.

In the 2023/2024 financial year (October 2023 – September 2024), AB Group generated PLN 14.7 billion in revenue, PLN 308.6 million in EBITDA, and PLN 174.7 million in net profit.

The outlook for electronics demand in Poland, Czechia, and Slovakia—AB Group’s core markets—is supported by favorable macroeconomic trends such as low unemployment, continued wage and consumption growth, and increased investment. Market experts also anticipate stronger ICT growth due to several factors, including the replacement of laptops and tablets ahead of Windows 10 end-of-support, growing adoption of AI-powered devices (computers, servers, smartphones), increased spending on digital transformation in both business and public sectors, the spread of WiFi 7, the shift from cloud to edge computing, rising cybersecurity budgets, and the natural replacement cycle of devices purchased during the pandemic-driven shift to remote and hybrid work.

Additionally, experts point to pent-up demand in Poland that will be released through the implementation of KPO funds—injecting billions of euros into digital transformation. The national digitization strategy, announced in October 2024, foresees PLN 100 billion in investments by 2030, with annual spending expected to grow significantly, reaching 5% of GDP by 2035. The ongoing technological race in artificial intelligence (AI) also supports hardware development and accelerates upgrade cycles, further benefiting AB Group.

All currently available brokerage recommendations for AB Group shares are positive, with target prices significantly above recent trading levels. The highest valuation, issued by Santander BM in November 2024, was PLN 145, while the latest target from Ipopema Securities, dated February 12, is PLN 137.20.

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AB Group is the CEE region’s leading distributor of modern technologies—and also the most recognized player in the industry. It has been awarded “Distributor of the Year” for the 10th consecutive time in the Context Channel Watch survey and has won the IT Reseller – IT Champions award, among numerous other accolades from global IT vendors.

According to EcoVadis, AB Group ranks among the top 12% of IT distributors globally based on ESG criteria. The company has also been honored with the “Socially Responsible Business” award by the Mayor of Wrocław.