Exclusive Networks
EXN
ISIN FR0014005DA7 / Valor 113743361
Exclusive Networks
UMushroom community rating:
About company
Exclusive Networks is a global cybersecurity specialist that focuses on driving the transition to a trusted digital world for individuals and organizations. With a services-first ideology, the company offers partners increased opportunities and customer relevance through its unique distribution approach. Exclusive Networks operates on a 'local sale, global scale' model, combining the focus and value of local independents with the service delivery of a worldwide distribution powerhouse. The company's global story is centered around harnessing innovation and disruption to exceed market growth, making it a trusted partner in the cybersecurity industry.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (06.08.2024):
Cloud-Based Business Growth
In Q1-24, Exclusive Networks's cloud-based business accounted for 34% of the Group's sales, marking an increase of 6 percentage points compared to Q1-23. This growth aligns with the company's digital growth strategy.
IFRS Revenue
Exclusive Networks reported IFRS Revenue of €393 million for Q1-24, which is a 1% decrease on a reported basis compared to Q1-23. This decline is attributed to a high basis of comparison from Q1-23 Hardware sales, with Hardware decreasing in the sales mix.
Regional Sales Performance
Exclusive Networks's EMEA region, which accounts for 80% of Q1-24 Gross sales, reported €1,009 million in gross sales, up 9% reported and 10% at constant currency. The Americas region saw a 1% increase in gross sales to €141 million, while the APAC region experienced a 9% decline to €105 million.
Vendor and Customer Retention
Exclusive Networks maintained vendor and customer retention rates above 100% in Q1-24, reflecting strong engagement from channel partners. The net vendor retention rate was 108%, and the net customer retention rate was also 108%, both on a rolling 12-month basis.
FY-24 Outlook
Amid macroeconomic volatility, Exclusive Networks aims to achieve gross sales growth between 10% and 12% at constant currency for FY-24. The company also targets a net margin between €500 million and €515 million, adjusted EBIT between €200 million and €210 million, and adjusted operating free cash flow above 80% of adjusted EBITDA.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2294 M
Market cap (USD)
295,617
Daily traded volume (Shares)
24.05 / 23.7
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
