Report
Exclusive Networks : Solid results, reassuring guidance, questions linger over financial/stock market profile in 2024
>Broadly solid 2023 results: good improvement in profitability - Exclusive Networks published yesterday solid 2023 results, exceeding guidance on several levels. Reminder: Gross sales at € 5,145m, up 14%, o/w 15% organically, in line with expectations (ODDO BHF: € 5,148m; consensus: € 5,150m). In terms of profitability, EXN exceeded its forecasts for net margin (equivalent to gross margin) at € 468m (vs. € 450-465m, 1% above consensus) and adjusted EBIT at € 186m (“up...
Underlying
EXCLUSIVE NETWORKS SA
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Nicolas Thorez
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