Exclusive Networks delivered a 20% increase in gross sales for the half-year ended June 30, reporting a record €2.3bn.
For Q2, gross sales were €1,152m, an increase of 12% year over year. Most of this growth (8%) was driven by business with existing vendors, with an addition 4% spurred by vendor expansion.
The cybersecurity distributor’s net margin also grew by 18% in H1, up to €222m. Adjusted EBIT followed this trend, at €84m up 26% at 37.8% of Net margin.
CEO Jesper Trolle said: “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 c.40% with high cash generation.”