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Exclusive Group reports first half growth

Simon Quicke

Exclusive Networks Group has revealed that it is on track to hit its financial targets this year after it had a strong first half.

The group, which includes a couple of distributors in the UK, does not give a full break down of its financial performance but saw revenues increase by 35% in the first half of this year compared to the same period in 2011.

It added that margins had remained firm despite pressure from exchange rates and trading conditions and it was currently ahead of target.

Security sales continued to drive turnover along with data centre projects, which helped in the group's infrastructure and storage sections of the business.

“Exclusive Networks Group continues to report strong figures, despite tough trading conditions across the continent, especially in Southern Europe,” said Olivier Breittmayer, CEO of Exclusive Networks Group.

“The successful and seamless acquisitions of TLK Distribution in Germany and VADition in the UK, both of which were completed earlier this year, has been particularly pleasing with no negative impact on operations in both territories. To the contrary, performance of both business units has been above expectations," he added.


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