Sergey Nivens - Fotolia
Global distributor Exclusive Group has revealed that Brexit had an impact on the firm's 2016 results but did not hamper overall growth.
The channel player has a track record of issuing financial updates that contain impressive growth figures and it was largely the same again for 2016.
Brexit did half UK growth to 14% but elsewhere the double-digit numbers were slightly higher with Southern Europe up by 34% and the Nordics by 41%.
Politics also had an influence on the performance of the business in the Middle East and Asian and Pacific regions but the numbers were still up year-on-year.
“To succeed in the face of extraordinary global challenges is testament to our Value Added Services and Technology (VAST) vision, delivering service-defined value through a good balance of geographies and continued expansion into new markets, both organically and through strategic acquisitions,” said Olivier Breittmayer, CEO at Exclusive Group.
“Our business divisions are consistently outperforming the market and complementing one another to provide compelling differentiators for our vendor, service provider, SI and specialist reseller partners," he added.
Overall the Group delivered revenues last year of €1.27bn, which was 22% up on the previous 12 months. There was a strong performance from the security and infrastructure business Exclusive Networks and the datacentre specialist BigTec now contributes €100m to Group revenues.
There has also been progress extending the reach of the Exclusive Capital offering and the services operation ITEC is also helping support larger deals.
“Our aim of becoming a VAST Group of service-defined companies has taken effect with the rapid maturity and global penetration of each complementary business unit,” added Breittmayer.
“Drilling deeper into our performance shows clearly that we have the right vendors in the right sectors, and that our disruptive, value-centric culture is our best weapon against macro-economic uncertainty," he added.