Top-line revenue up 91 percent as Group adds major new services and expands worldwide presence
Exclusive Group has surpassed expectations by posting 627m€ in revenue for 2014. The value-added services company has expanded its presence in new and existing territories as well as developing new service capabilities. The result has seen year on year revenue almost double bringing it to within striking distance of its stated 2017 target of 1bn€. Organic growth with both established and emerging vendors has continued to be extremely strong at 36 percent.
“These are outstanding results, but we remain fully focused on making 2015 another record breaking year as we strive for more organic growth and bring on stream substantial new capabilities in financing, leasing and global services support,” said Olivier Breittmayer, CEO of Exclusive Group. “Our world class team asks the highest expectations of itself, as do our many leading vendor partners and the 8,000 resellers we regularly transact with. We anticipate more growth in 2015, and good uptake of new services across the Group.”
Exclusive Group made significant inroads into new markets in 2014 with the purchases of value-added distributors Bilişimcim in Turkey (January) and WhiteGold in Australia/NZ (August), and expanded existing Italian operations through the acquisition of Sidin (October). February saw the launch of Exclusive Networks operations in Denmark.
The acquisition of ITEC Intelligent Services in December has further enhanced the Group’s global services capabilities and reach into 90+ countries worldwide and bringing in-country presence into the United States and mainland Asia for the first time. The Group’s latest acquisition of Fibail System and subsequent launch of Exclusive Capital, a new IT asset financing/leasing division fell outside of this reporting period, but will have a major impact on future service revenue growth.
Among the other highlights of Exclusive Group’s 2014 financial performance is the first full year of its Big Technology value added distribution division, focused on datacentre transformation opportunities. BigTec Germany, Spain and Benelux have all set up in recent months alongside the UK and France, with the combined entity posting nearly 40m€ in revenue for the year. Elsewhere, revenue for Exclusive Group’s Passport brand of professional services, 24/7 local language support and training has also performed well, with double-digit growth for the period.