Exclusive Networks – First Quarter 2024 Financial Update
Regulatory News:
Exclusive Networks (Paris:EXN):
SUSTAINED GROWTH |
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M&A FOCUS |
- NextGen Group strategic acquisition in APAC
- Strengthens Exclusive Networks’ position in the region and allows to expand and develop further our value proposition
Exclusive Networks (Euronext Paris: EXN), a leading global cybersecurity specialist, today announces its Gross sales and IFRS Revenue for the first quarter of 2024. Management will hold a conference call at 18:00 pm (CET) today, available via webcast (https://ir.exclusive-networks.com/). A replay will be available on our website. All figures relate to this period unless otherwise stated.12
Jesper Trolle, Chief Executive Officer, commented:
“Exclusive Networks has delivered a solid start to the year, with 7% growth1 in Gross sales in Q1-24, mostly driven by continued momentum in our EMEA business. This is a robust
outcome in light of the macroeconomic backdrop and the exceptional impact of the supply chain in the first quarter of 2023.
Acquisitions remain an important growth lever for Exclusive Networks, having completed more than 20 deals in the last decade. This quarter we announced the strategic acquisition of NextGen that will provide us critical mass in Australia and New Zealand, and strengthen our value proposition thanks to their wide array of services.
We remain committed to exploring ways of accelerating our growth and expanding our market potential through strategic acquisitions that broaden our portfolio and geographic footprint.
The evolving threat environment, influenced by geopolitical tensions, international conflicts, the adoption of generative AI, and regulatory demands for increased disclosure of cyberattacks, continues to position cybersecurity as a top priority for business leaders worldwide.
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As previously indicated, growth is expected to accelerate in the second half due to ongoing demand for cybersecurity and our scalable model supports our confidence in meeting our guidance for 2024.”
GROSS SALES AT GROUP AND REGIONAL LEVELS – HIGHLIGHTS
in € million |