Full Year Reported Gross Sales at €3.3 billion up 15.1%* year over year
Full Year Adjusted EBITA €119.2 million up 10.0%* year over year
Full Year Adjusted Net Income €72.6 million up 85.1% year over year
- Successful execution against the strategy as outlined at IPO
- Delivered on 2021 sales growth and earnings and upgrading 2022 outlook
- Strongly positioned to capitalise on the growth opportunities in the cybersecurity market
- Proposed dividend: €0.20 per share payable in cash
BOULOGNE-BILLANCOURT – March 30 2022, at 07:00 A.M. CET – Exclusive Networks (Euronext Paris: EXN) today announced its financial results for the full year ended December 31, 2021, which release has been approved by the Board of Directors on 29 March 2022.
Jesper Trolle, Chief Executive Officer, commented: “We are pleased to present strong results for 2021 and deliver on the strategy we presented at the time of our IPO. We successfully delivered on growth and profitability targets and demonstrated our operational excellence, successfully navigating market challenges. Our unique positioning at the centre of the ecosystem and the compelling demand for cybersecurity solutions drove this strong performance in 2021 and reinforces our confidence in our strategy and outlook for the future.
2021 was a milestone year for the Group, as it transitioned from a private into a listed company after its successful IPO on Euronext Paris in September 2021.
We have many exciting growth opportunities and continue to take advantage of our strong market position and cybersecurity demand globally. In 2021, we signed more than 1,250 new resellers (growth of 7%) and expanded with existing vendors into 21 new countries, increasing the number of end customers that we service through our channels by 4,000 to a total of 110,000. Also, we added 22 new vendors into our portfolio, which include fast-growing cloud-native software companies like Diamanti, Hashicorp, Salt Security and Sonatype. At the same time, we continued to use M&A to accelerate our growth through the successful acquisitions of Ignition Technology and Networks Unlimited.
The cybersecurity market is now more prominent than ever as the environment becomes more complex. New legislation, remote working, geopolitics and an increasing adoption of cloud contribute to an acceleration of the growth of the cybersecurity market, and Exclusive Networks is uniquely positioned to capitalise from the structural growth in the market by being the key player at the centre of the highly fragmented and increasingly complex cybersecurity ecosystem.
Whilst as a business we have no staff or offices in Russia and have not been affected by any direct exposure to local market disruption, our first priority is the safety of our people closer to the conflict (Poland, Romania, Hungary, Slovakia…) and welfare of all who are impacted by this crisis.
In this ever-changing world, one thing remains clear and simple: our partners constantly rely on our strengths which are our global footprint, our speed to market, our deep network of vendors and resellers and our deep cybersecurity expertise. Our teams are fully dedicated to these challenges and a big thank you to all of them.”
* Including Veracomp in 2020. Veracomp acquired on December 30, 2020 but considered as if acquired on January 1, 2020 for comparison purposes.