Brief: Exclusive Networks Eyes 2023 Gross Sales Above EUR 5,150 Million

Exclusive Networks SAS

28/02/2023 06:08

Feb 28 (Reuters) - Exclusive Networks SAS  EXN.PA :
    * FY GROSS SALES AT EUR 4,528 MILLION, AN INCREASE OF 38%
YEAR ON
YEAR ON A REPORTED BASIS
    * FY ADJUSTED EBIT ROSE TO EUR 154 MILLION, UP 29% YEAR OVER
YEAR
    * FY ADJUSTED NET INCOME REACHED EUR 100 MILLION, AN
INCREASE UP
39% YEAR OVER YEAR,
    * OUTLOOK 2023: GROSS SALES ABOVE EUR 5,150 MILLION
    * OUTLOOK 2023: NET MARGIN IN RANGE OF EUR 450 MILLION TO
EUR 465
MILLION
    * OUTLOOK 2023: ADJUSTED. EBIT IN RANGE OF EUR 172 MILLION
TO EUR
178 MILLION
    * OUTLOOK 2023: ADJUSTED. OPERATING FCF ABOVE 80% OF
ADJUSTED.
EBITDA
    * DECIDED TO PROPOSE TO SHAREHOLDERS NOT TO DISTRIBUTE A
DIVIDEND.
    * DECIDED TO LAUNCH A SHARE BUYBACK PROGRAM
    * MAXIMUM AMOUNT OF SBB IN RANGE OF EUR 25 MILLION.
    * PRICE OF SHARES PURCHASED UNDER THIS MANDATE SHALL NOT
EXCEED
LIMIT OF EUR 30

Source text for Eikon:  ID:nBw6PWntha 
Further company coverage:  EXN.PA 

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