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Exclusive Networks – first half 2022 financial results

* Outstanding growth.
* 2022 outlook raised.
* Half-year gross sales at €1.947.4 million, up 33.8%.
* Half-year adjusted EBITA at €66.5 million, up 39.3%.
* Half-year operating free cashflow before tax at €166 million.
* Leverage ratio of net debt over LTM adjusted EBITDA after leases of 1.8x.

Boulogne-Billancourt, France, 29 Sep 2022

Exclusive Networks (Paris:EXN) (Euronext Paris: EXN), a global leader in cyber security, on 14 September released financial results for the six months ended 30 June 2022.

Jesper Trolle, Chief Executive Officer, commented: “I am really proud of the excellent results we delivered in the first half of the year. As always, our teams around the world have been instrumental to this performance and I want to warmly thank them for their hard work. Not only did we deliver record half-year gross sales, but we also managed to grow our profitability faster than our top line, and generate cash faster than in the past. Market dynamics during the first half of the year have remained favourable and we continue seeing strong market trends given the critical importance for businesses and public entities of all sizes of an adequate cyber security infrastructure.

“Our positioning as the only global pure player in cyber security and our unparalleled execution capabilities enable us to deliver growth above the market, with our backlog remaining as strong as it has been.

“We recognise the increasingly challenging macroeconomic environment worldwide; however, our strong start to the year carrying on into the second half of the year, robust forward indicators and the growing strategic importance of cyber security provide us with good visibility for the rest of 2022. Therefore, and in the absence of any unforeseen events, we are confident in our capacity to deliver on the upward revision to the outlook we release today for the full year.”

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Exclusive Networks

Exclusive Networks is a global trusted cybersecurity specialist for digital infrastructure helping to drive the transition to a totally trusted digital future for all people and organisations.

Our distinctive approach to cybersecurity gives partners more opportunity and more customer relevance. Our specialism is their strength – equipping them to capitalise on rapidly evolving technologies and transformative business models.

The Exclusive Networks story is a global one with a services-first ideology at its core, harnessing innovation and disruption to deliver partner value. With offices in 46 countries and the ability to service customers in over 170 countries across five continents, Exclusive Networks has a unique ‘local sale, global scale’ model, combining the extreme focus and value of local independents with the scale and service delivery of a single worldwide cybersecurity powerhouse.

Exclusive Networks is listed on the Euronext Paris stock exchange (Ticker: EXN). For more information visit