SME Times is powered by   
Search News
Just in:   • Chips, smartphones help Samsung deliver strong Q3 results  • Agridex's rally likely to continue on bullish demand for food items  • Non-central employees now under LTC cash voucher scheme  • Tech Mahindra bags Rs 400 cr contract from HAL  • Solar power in Africa is set to surge: Report 
Last updated: 26 Oct, 2017  

Exclusive Group Posts Hard-Core Financial Results

Business Wire India | 26 Oct, 2017
Exclusive Group, the value-added services and technologies (VAST) group, today announced record half-year revenues of 731m€ - up more than 19% on H1 2016. Core vendor revenues continue to grow at above market rates as Exclusive Group increases its share of each vendor’s respective business. The pattern is repeated across international territories worldwide, with profits continuing in line with expectations. The figures do not include revenues from the Q2 acquisition of Fine Tec in the US.
 

“While we continue to rapidly accelerate the growth of new, emerging vendors with triple-digit increases, this period has also once again seen strong performance among our most established vendor partners,” said Olivier Breittmayer, CEO of Exclusive Group. “All benefit equally from our unique business model, comprehensive technical and professional services, global/local execution and proven go-to-market expertise. This makes us different, not only in terms of approach but also results.”
 

Other highlights:
 

    In EMEA, revenues were particularly strong in large, established territories such as Southern Europe (Italy, Spain and Portugal) which grew 36%. Results in the UK and France also stood out with annual growth of 28% and 30%, respectively.
    Strong performance across the board was also the story in APAC, with the Asia region posting annual growth of 22% while the Pacific region grew 29%.
    BigTec, the datacentre transformation VAD, continues to grow very aggressively in line with further geographic expansion and increased traction for disruptive vendors. BigTec now accounts for over 100m€ of annualised Group revenues; almost double the size of one year ago.


“More and more business is now made up of international cross-border projects, leveraging our global logistics and project management capabilities to support our value to global SI, service provider and vendor partners, and reflect the success of our VAST strategy,” said Barrie Desmond, COO of Exclusive Group. “This is being boosted further via the successful integration of our US operation, which is already delivering significant opportunities, keeping us on track for unprecedented long-term growth.”
 

-ends-
 

 

View source version on businesswire.com: http://www.businesswire.com/news/home/20171026005086/en/

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 30 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Turkey criticises Russia for attack on rebels in Idlib(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter