(BFM Bourse) – The IT security software distributor Exclusive Networks recently published gross revenues exceeding one billion euros for its second quarter. The Franco-British group operates in a booming cybersecurity market and confirms its 2022 objectives.
The IT security software distributor Exclusive Networks published in early August gross billings exceeding one billion euros for its second quarter. Gross revenue amounted to exactly 1.027 billion euros, an increase of 42.5% compared to the 2nd quarter of 2021 in published data, and 39.3% at constant exchange rates.
Exclusive Networks claims consistent growth in all geographies in which it operates. The Europe-Middle East-Africa (EMEA) zone, which accounts for 78% of total quarterly gross sales, recorded growth of 43% compared to the second quarter of the previous financial year. Growth amounted to 46.1% in the Americas and 36.3% in Asia-Pacific (APAC) over the period.
The Franco-British group operates in a booming cybersecurity market. Cybersecurity spending remains a growing priority for companies and public institutions of all sizes, as evidenced by the recent cyberattack on the servers of the Damart site of the Damartex group.
During the past quarter, Exclusive Networks’ growth was notably fueled by all of the group’s main cybersecurity segments, as well as those in which it has more recently positioned itself, such as security via the cloud. and DevSecOps [méthodologie qui intègre la sécurité tout au long du cycle de vie du développement logiciel, NDLR].
The cybersecurity specialist thus confirms its objectives for the current year. It is counting on a turnover of more than 3.8 billion euros in 2022 after 3.2 billion euros in 2021. As for the gross operating surplus, it is expected between 133 and 138 million euros. euros this year.
Exclusive Networks considers itself to be ideally positioned to benefit from the dynamism and continued growth of the market over the coming quarters. Owned by the British fund Permira since 2018 but based in Boulogne-Billancourt, the IT security software distributor Exclusive Networks presents itself as one of the world leaders in a “very attractive market”, that of cybersecurity, “whose value is estimated at 58 billion euros in 2020 and whose compound annual growth rate (CAGR) is expected to be 9% between 2020 and 2026”.
Intermediary between solution publishers and resellers
In terms of business model, Exclusive Networks acts as a wholesaler between cybersecurity solution providers and specialist resellers. The group is “the partner of choice for more than 240 leading suppliers” and supports their growth and expansion plans “by providing them with local support to enable them to reach more than 18,000 resellers across the world” and ultimately more than 110,000 end customers. Its distribution partners include value-added resellers, systems integrators, telecommunications operators and other managed service providers.
Exclusive Networks’ approach “enables vendors to adopt a simple and agile go-to-market model for their cybersecurity and digital infrastructure solutions, while benefiting from local expertise and knowledge of the Exclusive Networks market in each jurisdiction of operation” explains the group. With offices in 46 countries and the ability to serve customers in 170 countries, Exclusive Networks, headquartered in France, claims a “global scale, local sales” model.
Exclusive Networks listed on Compartment A of Euronext in relative anonymity at the end of September 2021. Euronext specifies that this was the 78th listing of a technology company on the pan-European market in 2021, and the 3rd “large cap” (valued at more than one billion euros) technology introduced on Euronext Paris in 2021, after Believe and OVH Cloud. The title gains more than 3% to 16.66 euros on Monday around 4:40 p.m. (and around +3.8% since the publication of the results on August 2) but is still evolving below its introductory price of 20 euros.
Sabrina Sadgui – ©2022 BFM Bourse
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