Announcement • Mar 21
Exclusive Networks SA(ENXTPA:EXN) dropped from CAC AllShares Index Exclusive Networks SA has been dropped from the CAC All Share Index Announcement • Mar 07
Exclusive Networks SA(ENXTPA:EXN) dropped from S&P Global BMI Index Exclusive Networks SA(ENXTPA:EXN) dropped from S&P Global BMI Index Announcement • Nov 22
Exclusive Networks SA (ENXTPA:EXN) acquired Cloudrise, Inc. Exclusive Networks SA (ENXTPA:EXN) acquired Cloudrise, Inc. on November 21, 2024. As part of the transaction, Rob Eggebrecht, Cloudrise's Chief Executive Officer and the team would join Exclusive.
Exclusive Networks SA (ENXTPA:EXN) completed the acquisition of Cloudrise, Inc. on November 21, 2024. Announcement • Jul 26
CD&R, Permira Plan to Take Exclusive Networks Private US private equity firm Clayton, Dubilier & Rice (CD&R) and London-based investment company Permira have submitted a binding offer to take Exclusive Networks SA private in a deal valuing the French cybersecurity firm at EUR 2.2 billion (USD 2.4 billion), according to a statement published on July 24, 2024. Exclusive Networks is currently 66.7% held by Permira’s entity Everest UK HoldCo and founder Olivier Breittmayer. In an initial step, CD&R and Permira will form a consortium that will acquire the 66.7% shareholding at a price of EUR 18.96 per share. An exceptional distribution of EUR 5.29 per share will also be paid, bringing the total consideration to EUR 24.25 per share. After that, the consortium will launch a tender offer to purchase the remaining shares at the same price. Eventually, Exclusive Networks will be squeezed out. The payment of EUR 24.25 per share represents a 34.4% premium to the undisturbed share price of EUR 18.04 as of March 13, the last trading day before rumours on a potential deal emerged. The board of directors of the cybersecurity firm welcomed the proposed transaction, which will also help the company to refinance its existing indebtedness. The deal hinges on customary regulatory approvals and the authorisation of the exceptional distribution by Exclusive Networks’ shareholders. Reported Earnings • Jul 25
First half 2024 earnings released: EPS: €0.15 (vs €0.17 in 1H 2023) First half 2024 results: EPS: €0.15 (down from €0.17 in 1H 2023). Revenue: €723.0m (down 59% from 1H 2023). Net income: €14.0m (down 13% from 1H 2023). Profit margin: 1.9% (up from 0.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in France. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.85, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the IT industry in France. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €21.27 per share. Announcement • Apr 30
Exclusive Networks SA Provides Revenue Guidance for the Fiscal Year 2024 Exclusive Networks SA provided revenue guidance for the fiscal year 2024. for the year, the company expects that its gross sales growth in a range between 10% and 12% at constant currency. Announcement • Apr 14
Exclusive Networks SA to Report Q1, 2024 Results on Apr 29, 2024 Exclusive Networks SA announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Mar 30
Exclusive Networks SA (ENXTPA:EXN) agreed to acquire NEXTGEN Group Pty Limited. Exclusive Networks SA (ENXTPA:EXN) agreed to acquire NEXTGEN Group Pty Limited on March 28, 2024. As of June 30, 2023, NEXTGEN Group Pty Limited generated revenue if AUD 266 million. The transaction is expected to be finalized during the second quarter of 2024. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €21.35, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the IT industry in France. Total returns to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €39.75 per share. Major Estimate Revision • Mar 11
Consensus revenue estimates decrease by 60%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €4.26b to €1.73b. EPS estimate increased from €0.742 to €0.765 per share. Net income forecast to grow 55% next year vs 24% growth forecast for IT industry in France. Consensus price target broadly unchanged at €23.19. Share price was steady at €18.18 over the past week. Major Estimate Revision • Mar 07
Consensus revenue estimates decrease by 11%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €4.31b to €3.85b. EPS estimate increased from €0.752 to €0.765 per share. Net income forecast to grow 55% next year vs 35% growth forecast for IT industry in France. Consensus price target broadly unchanged at €23.19. Share price rose 4.3% to €18.50 over the past week. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €0.47 (vs €0.39 in FY 2022) Full year 2023 results: EPS: €0.47 (up from €0.39 in FY 2022). Revenue: €1.56b (down 54% from FY 2022). Net income: €43.0m (up 19% from FY 2022). Profit margin: 2.8% (up from 1.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the IT industry in France. Announcement • Mar 01
Exclusive Networks SA to Report First Half, 2024 Results on Aug 01, 2024 Exclusive Networks SA announced that they will report first half, 2024 results on Aug 01, 2024 Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.527 to €0.473 per share. Revenue forecast steady at €3.89b. Net income forecast to grow 38% next year vs 14% growth forecast for IT industry in France. Consensus price target of €22.94 unchanged from last update. Share price was steady at €19.10 over the past week. Buying Opportunity • Jan 15
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €24.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 87% in the next 2 years. Buying Opportunity • Dec 20
Now 21% undervalued Over the last 90 days, the stock is up 9.8%. The fair value is estimated to be €24.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 87% in the next 2 years. Reported Earnings • Aug 04
First half 2023 earnings released: EPS: €0.18 (vs €0.11 in 1H 2022) First half 2023 results: EPS: €0.18 (up from €0.11 in 1H 2022). Revenue: €1.78b (up 21% from 1H 2022). Net income: €16.0m (up 60% from 1H 2022). Profit margin: 0.9% (up from 0.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in France. Announcement • Aug 03
Exclusive Networks Provides Revenue Guidance for the Fiscal Year 2023 Exclusive Networks provided revenue guidance for the fiscal year 2023. for the year, the company expects that its gross sales will be above EUR 5,150 million. Announcement • Jun 09
Exclusive Networks Provides Revenue Guidance for the Fiscal Year 2023 Exclusive Networks provided revenue guidance for the fiscal year 2023. for the year, the company expects that its full gross sales will be above EUR 5.150 billion, which implies a growth rate of about 14% year-on-year. Board Change • May 29
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Chairwoman of the Board of Directors Barbara Thoralfsson is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 12
Exclusive Networks SA to Report First Half, 2023 Results on Aug 03, 2023 Exclusive Networks SA announced that they will report first half, 2023 results on Aug 03, 2023 Announcement • May 04
Exclusive Networks Sa Announces the Sales Guidance for 2023 Exclusive Networks SA announced the sales guidance for 2023. For the period, the company remain confident in meeting full year guidance of Gross Sales above €5,150 million. Reported Earnings • Mar 01
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €0.40 (up from €0.15 loss in FY 2021). Revenue: €3.40b (up 37% from FY 2021). Net income: €36.0m (up €49.5m from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in France. Buying Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €25.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Announcement • Feb 04
Exclusive Networks SA to Report Fiscal Year 2022 Results on Feb 28, 2023 Exclusive Networks SA announced that they will report fiscal year 2022 results on Feb 28, 2023 Announcement • Oct 11
Exclusive Networks Launches Academy to Train the Next Generation of Cyber Talent Exclusive Networks announced the launch of the Exclusive Academy, a global cybersecurity training programme. As an industry, cybersecurity suffers from a shortage of experts. Globally, Exclusive Networks estimates that three million cyber positions are currently vacant. This comes at a time when cyber threats are more and more numerous and sophisticated. To protect companies and governments' data and people against the ongoing cyber threat, will need to see a 65% increase in the global cybersecurity workforce.Exclusive Networks is launching the Exclusive Academy as a tangible and concrete step towards addressing this alarming talent and skills gap in the cybersecurity sector. As part of the Exclusive Academy, approximately 20 participants will benefit from specialised training over a three- year period, from highly qualified and operational cyber-experts who meet the needs of the job market. The Exclusive Academy will offer practical field experience as well as theoretical training, culminating in high level qualifications. The practical, hands-on experience in the field is a key differentiator for the programme. Students will spend 9 weeks working on technical projects in the field in the first year, 12 weeks in the second year and 14 weeks in the thirdyear. The programme will also offer 12 weeks of classes in the first year, 10 weeks in the second and then 8 weeks in the final year. The students will come from the partner schools Guardia (a cyber security school based in Paris and Lyon) and Oteria Cyber School (a cyber security school based in Paris), following interviews by Jean-Marc Muselli, Director of Servicesat Exclusive Networks France. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €15.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the IT industry in France. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €24.05 per share. Reported Earnings • Sep 15
First half 2022 earnings released: EPS: €0.11 (vs €0.52 loss in 1H 2021) First half 2022 results: EPS: €0.11 (up from €0.52 loss in 1H 2021). Revenue: €1.47b (up 33% from 1H 2021). Net income: €10.0m (up €42.8m from 1H 2021). Profit margin: 0.7% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in France. Announcement • Sep 14
Exclusive Networks SA Raises Earnings Guidance for the Year 2022 Exclusive Networks SA raised earnings guidance for the year 2022. On the back of the solid first half of 2022 performance and carrying into the second half, Exclusive Networks’ management team has decided to revise upwards its outlook for the full year of 2022 as follows: Gross sales are now expected to exceed €4.2 billion (vs above €3.8 billion previously expected); The net margin is now expected to be between €392 million and €400 million (vs €362 to 368 million before); The Adjusted EBITA is now expected to be between €146 million and €152 million (vs between €133 and 138 million earlier). Buying Opportunity • Jul 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €19.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Jun 16
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €19.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years, while earnings per share has been flat. Announcement • May 10
Exclusive Networks Sa Confirms Earnings Guidance for the Full Year 2022 Exclusive Networks SA confirmed earnings guidance for the full year 2022. for the full year, the company confirmed Gross Sales and profitability outlook. Announcement • Feb 21
Exclusive Networks Provides Earnings Guidance for the Full Year 2021 Exclusive Networks provided earnings guidance for the full year 2021. The company reconfirmed its full-year profitability and medium-term targets. Buying Opportunity • Jan 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be €19.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 128% over the last year. Announcement • Dec 03
Exclusive Networks SA (ENXTPA:EXN) acquired Network Unlimited (Pty) Ltd’s. Exclusive Networks SA (ENXTPA:EXN) acquired Network Unlimited (Pty) Ltd’s on December 2, 2021. Networks Unlimited will operate under the Exclusive Networks brand once integration work has completed which is expected in early 2022. The company’s Managing Director, Anton Jacobsz and the two co-Founders, Craig Copeland and Wayne Bird will remain shareholders and they will continue to manage the company together with The Love Trust, the companies Broad-Based Black Economic.
Exclusive Networks SA (ENXTPA:EXN) completed the acquisition of Network Unlimited (Pty) Ltd’s on December 2, 2021. Announcement • Sep 24
Exclusive Networks SA has completed an IPO in the amount of €365.90614 million. Exclusive Networks SA has completed an IPO in the amount of €365.90614 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,295,307
Price\Range: €20
Transaction Features: Regulation S; Rule 144A Board Change • Sep 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Olivier Breittmayer was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
