Exclusive Networks has announced a record-breaking quarter in its fourth-quarter and full-year results, which ended December 31, 2021.
The distribution giant logged gross sales of €1 billion, a spike of 31.4 percent year on year. For its FY2021, the group’s gross sales were also up double-digits rising 29.5 percent to €3.3 billion.
CEO Jesper Trolle said the distributor’s latest financials amounted to a “symbolic milestone” for the channel firm. “For the first time in its history, Exclusive Networks exceeded €1 billion of gross sales in a quarter”, he said.
“This is not just a symbolic milestone in our journey and demonstrates our success addressing the compelling demand for cybersecurity solutions and offering the optimal go to market platform to guide customers in the ever-changing environment with best-in-class solutions. “
The French distributor said that 46 percent of its fourth-quarter growth was attributable to existing vendor portfolios; 31 percent to vendors who’d expanded their portfolio, six percent to new vendors for the distributor, and 23 percent to the firm’s own acquisitions.
Focusing on its acquisition of Ignition Technology in July contributed €18 million of gross sales in fourth quarter, while its December purchase of Networks Unlimited accounted for €7.1m.
Exclusive’s EMEA operations saw a healthy quarter, with gross sales growing 30.6 percent to €817.9 million.
It explained the robust market dynamism post-pandemic and the sustained enterprise momentum that continued to drive growth, as well as the expansion of F5 and Netskope to some new territories.
Trolle said the firm’s latest financials means the distributor is on track to meet current short and medium targets.
“We foresee the strong momentum in the market to continue short term and mid-term. We are reconfirming our full-year 2021 profitability and medium-term targets.”
