Exclusive Networks – Fourth Quarter 2021 Financial Update

Fourth Quarter 2021 Reported Gross Sales at €1.0 billion up 14.1%1 year over year Full year Reported Gross Sales at €3.3 billion up 15.1%1 year over year, target outperformed

• For the first time in its history reaching €1bn of Gross Sales in a quarter
• Strong growth momentum across regions with further acceleration in Americas
• Full-year 2021 profitability and medium-term targets confirmed

BOULOGNE-BILLANCOURT – February 21 2022, at 07:00 A.M. CET – Exclusive Networks (Euronext Paris: EXN) today announced its Gross Sales and IFRS Revenue for the fourth quarter and full year ended December 31, 2021. 

Fourth Quarter 2021 

Reported Gross Sales: €1.0 billion, up 31.4% year over year and up 14.1% including Veracomp in 2020
IFRS Revenue: €799.1 million, up 37.5% year over year. 

Full Year 2021 

Reported Gross Sales: €3.3 billion, up 29.5% year over year and up 15.1% including Veracomp in 2020
IFRS Revenue: €2.5 billion, up 31.3% year over year. 

Jesper Trolle, Chief Executive Officer, declared: “For the first time in its history, Exclusive Networks exceeded one billion euros of Gross Sales in a quarter. This is not just a symbolic milestone in our journey but also again demonstrates our success addressing the compelling demand for cybersecurity solutions and offering the optimal go to market platform to guide customers in the ever-changing environment with best-in-class solutions. The migration to cloud and its associated complexity represents a great growth opportunity as it allows us to get even closer to vendors, partners and end customers.” 

“During the quarter and in continuity with our third quarter 2021, demand was strong in the enterprise market and with a higher number of large contracts, notably in the Americas and EMEA. Over the year, we increased our global partner network by 12% and expanded our geographical presence with strategic vendors, such as Fortinet, F5, Juniper, Netskope and Palo Alto. Within the quarter, we also added the solutions of the new vendors Security Score Card, Docker, Salt Security and Entrust to enrich our portfolio of cybersecurity offering. And in December 2021, we successfully closed the acquisition of Networks Unlimited, a major Sub-Saharan value-added distributor that enables us to get a deep footprint in 38 African markets with cybersecurity and infrastructure solutions. This performance demonstrates the relevance of our strategy in place.” 

“First, I would like to thank our vendors for their exceptional collaboration and efforts to overcome the challenging supply chain environment and all our operations teams for their relentless dedication to help get supply to our partners. Finally, I would like to thank all our employees for their outstanding contribution which allowed Exclusive Networks to achieve this record quarter.” 

Read the full press release

1 Including Veracomp in 2020.