Exclusive Networks reports good sales growth

Cyber security distributor Exclusive Networks saw a 12% annual increase in second quarter sales to €1.15 billion.

And for the first six months, Exclusive said sales jumped 20% year-on-year to €2.3 billion.

The net margin for the first half was €222m, an increase of 18%, and the adjusted EBIT increased to €84m, up 26%.

“Our momentum reflects the differentiation, resilience, and operational gearing of our model, combined with a laser focus on efficiency and cost control. As a result, we have moved closer to our long-term target of adjusted EBIT margins of around 40% with high cash generation,” said Jesper Trolle, CEO of Exclusive Networks.