Exclusive Networks has had a good first half of the year with a 33.3 percent increase in revenue to €1,473.7 million.
This is a 49 percent increase in adjusted net income to €47.4 million for the six months to 30 June 2022. The firm also reported first-half operating free cash flow before tax of €166 million.
More than 72 percent of growth was from existing partners while the the rest of the growth came from expanding relationships. The firm saw its retention rates with suppliers improve.
Exclusive has been extending the geographical coverage it has with vendors and distributors.
There were signs that its acquisitions of Ignition Technology and Networks Unlimited were also making positive contributions.
Performance in the Europe, Middle East and Africa (EMEA) region saw gross sales improve by 35 percent year-on-year to €1,528 million, with growth in all countries. The UK was highlighted for its large enterprise deals.
