Skip to main contentSkip to navigationSkip to search
Logotype

Exclusive Networks – Q3 2021 Financial Update

10 Nov, 2021
Gross Sales up 21.9%¹ in the third-quarter 2021, to €804.9 million. In the first nine months, Gross Sales rose €2,282 million up 15.5%¹. Good momentum over the quarter, fueled by all Regions. Full-Year 2021 and medium-term targets reconfirmed.

Boulogne-Billancourt, 10th November 2021 – In the third quarter, the Group recorded Gross Sales of €804.9 million, up 21.9%1 (+37.7% on a reported basis) and revenue of €578.4 million compared to the same period in 2020, accelerating the trend recorded in the first half of the year.

In the first nine months of 2021, the Group recorded Gross Sales of €2,282.3 million, up 15.5%1 (+28.6% on a reported basis) and revenue of €1,684.3 million, compared to the same period in 2020.

¹ Including Veracomp in 2020

Jesper Trolle, Chief Executive Officer, declared:

"This third quarter performance is the testimony to the relevance of the strategy in place. Our competitive positioning through our highly curated portfolio of leading cybersecurity vendors proves our capacity to address the growing demand. During the quarter, we have continued to increase our partner base, expanded into new countries with our existing vendors and onboarded new promising vendors to our platform, while maintaining a healthy pipeline for the upcoming quarters.On the M&A front, we acquired Ignition in July, which will help us establish a dedicated proposition for emerging vendors and we are currently in exclusive discussions with Networks Unlimited, which would expand our footprint into Sub-Saharan Africa.I would like to take this opportunity to thank our teams across the world for their strong commitment and our vendors and partners for their ongoing trust, which once again made the difference this quarter. We now focus our efforts on the last quarter of the year, for which we remain confident to achieve the targets announced.”