Exclusive Networks: buoyant after its annual results

(CercleFinance.com) - Exclusive Networks has gained 5% after the cybersecurity specialist reported adjusted net income up 8% to 108 million euros, and adjusted EBIT up 21% to 186 million, for its 2023 financial year.


Its net margin rose by 14% to 468 million, reflecting 'a consistent evolution in geographical mix and transaction size', while gross sales, at 5.14 billion, were up 16% at constant exchange rates.

The Board of Directors has decided not to propose a dividend for 2023. For 2024, the company is targeting gross sales growth at constant exchange rates of between +10 and +12%, a net margin of between 500 and 515 million euros, and adjusted EBIT of between 200 and 210 million.

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