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Exclusive Group today broke out its financials for FY2015, confirming that it is has officially smashed the €1bn revenue barrier.
The self-proclaimed ‘Super VAD’ saw underlying organic growth of 31%, with total revenues of €1.04bn (£810m) for 2015.
“Since the start of this journey we have doubled revenue every two years with a strategy blending together accelerated organic growth with hand picked acquisitions that have supported our value and local knowledge qualities to deliver a unique proposition,” said Olivier Breittmayer, CEO of Exclusive Group, adding: “And people seem to like it!”
At a regional level, Africa was Exclusive’s fastest rising market, growing 63% year over year. This was followed by the UK (55%), the Southern Region - Iberia, Italy, Turkey – (41%), the Nordics & Baltics (40%), and its home territory - France (33%).
The VAD said that strong regional growth, despite macroeconomic challenges, emphasised the strength of the underlying business.
The billion-euro-barrier was breached ahead of schedule, thanks to the acquisition of Singapore-based Transition Systems. Removing Transition from the equation, the group saw revenues of €840m, up nearly €200m YoY. At that rate of growth, Exclusive would have hit the symbolic €1bn mark midway through 2016. Even then, the achievement would have been 18-months ahead of the original timetable.
The acquisition of Transition is a significant one. The pan-Asian cyber security VAD operates out of 18 offices across 8 countries, including India, Thailand, Vietnam and Indonesia, and gives Exclusive some significant clout in the APAC region.
"It is going to represent nearly 30% of the business by the midpoint of this year and plugs the gap between our Dubai and Sydney offices and gives us a much bigger footprint into high growth economies," Barrie Desmond, COO at Exclusive Group told MicroScope.
Breittmayer said that the firm would continue its focus on cyber security, datacentre transformation opportunities, and its tactical acquisition strategy in 2016.
“The strategy is to preserve our unique approach, continue to support the entrepreneurial style of our great people, invest in new services, and pursue acquisition opportunities that extend our global footprint, specialist focus, and disruptive approach,” Breittmayer said. “These are the fundamentals of our 20:20 vision, or what we call L’Esprit Exclusive, which we feel is unique and at the heart of aiming to continue doubling performance up to the year 2020!”