Exclusive Networks has talked about its first financial numbers since going public.
The distie revealed that in its third quarter, gross sales were up by 21.9 percent to €804.9 million with revenues of €578.4 million compared to the same period in 2020, accelerating the trend recorded in the first half of the year.
In the EMEA region, gross sales climbed by 22.3 percent to €608.3 million, compared to the same period last year and the firm reported positive growth in the enterprise sector. Elsewhere, it saw sales improve by 21.2 percent in APAC and 20.1 percent in the American region.
Jesper Trolle, CEO of Exclusive Networks, claimed the first results since the September IPO showed the business was taking the right approach.
“This third-quarter performance is testimony to the relevance of the strategy in place. Our competitive positioning through our portfolio of leading cyber security 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.”
The firm has employed M&A tacts having bought out Ignition in July. It is in discussions with Networks Unlimited.
The trading update also included a nod to the X-OD (Exclusive-On-Demand) platform that was launched in August to provide more consumption options for customers. There was also an acceptance that the component shortage affecting the entire industry “impacted only the availability of few products in few regions”.
“We now focus our efforts on the last quarter of the year, for which we remain confident to achieve the targets announced”, Trolle said.
