Exclusive Networks starts the new year with solid results in the first quarter

Boulogne-Billancourt, 2 May 2024 – Exclusive Networks, a global cybersecurity provider, achieved solid gross revenue growth of 7 percent* to EUR 1,255 million in the first quarter of 2024. Acquisitions and the cloud and software business area are important growth factors here.

While gross revenue had already grown by 28 per cent in the first quarter of 2023, the first quarter of this year saw a further increase of seven per cent to EUR 1,255 million. These figures confirm the VAD’s positive forecasts. Growth is mainly driven by the EMEA region.

“Exclusive Networks has made a solid start to the year, mainly thanks to the continued momentum in our EMEA business. This is a pleasing result given the macroeconomic environment and the exceptional impact on the supply chain in the first quarter of 2023,” comments Jesper Trolle, Chief Executive Officer of Exclusive Networks.

Continuing the growth strategy

Acquisitions remain an important growth driver for Exclusive Networks and have been completed more than 20 times in the last decade. This quarter saw the completion of the strategic acquisition of NextGen, which will strengthen the company’s presence in Australia and New Zealand and expand Exclusive Networks’ services globally thanks to its broad spectrum, particularly with regard to digital channel services.

Cloud and software licences dominate revenue mix

The first quarter saw a significant increase in the cloud and software business. Software licences now account for 50% of gross sales, while sales from support and maintenance account for 26%. The cloud-based business has also continued to develop and accounted for 34 per cent of Group sales in the first quarter, six percentage points more than in the same quarter last year. These developments are in line with Exclusive Networks’ digital growth strategy.

“As expected, this first quarter broadly continues the logical sequence of the third and fourth quarters of the previous year 2023 – also in the DACH region,” confirms Marcus Adä, General Manager of Exclusive Networks Germany and Regional Manager DACH. “The constantly evolving threat environment continues to position cybersecurity as one of the top priorities for companies worldwide. Last but not least, the continued demand for our scalable model confirms our confidence that our positive forecasts for 2024 will be confirmed and that growth will continue to develop in the second half of the year.”

More information: http://www.exclusive-networks.com/ch-fr or https://ir.exclusive-networks.com

Further details can also be found here.

* The variation in constant currencies is calculated using the exchange rates of the first quarter of 2023 on the gross sales of the first quarter of 2024. The USD, GBP and PLN developed as follows: 1EUR: 1.086 USD; 1EUR: 0.856 GBP; 1EUR: PLN 4.332 corresponding to the first quarter of 2024 and 1EUR: 1.073 USD; 1EUR: 0.883 GBP; 1EUR: PLN 4.709 corresponding to the first quarter of 2023