Brief: Exclusive Networks Sas - FY GROSS SALES EUR 5.145BN, Up 14%

Exclusive Networks SAS

29/02/2024 06:21

Feb 29 (Reuters) - Exclusive Networks SAS  EXN.PA :

    * FY GROSS SALES EUR 5.145 BLN, +14% REPORTED
    * FY NET MARGIN GREW STRONGLY TO EUR 468 MLN, +14%
    * FY ADJUSTED EBIT CLOSE TO 40% NET MARGIN AT EUR 186MLN,
+21%
    * FY ADJUSTED OPERATING FCF UP SHARPLY AT EUR 254M
    * LOOKING AHEAD TO FY-24, WE REMAIN OPTIMISTIC ABOUT OUR
PROSPECTS, WHILE ENVIRONMENT IS EXPECTED TO REMAIN SOFT IN FIRST
HALF
    * OUTLOOK 2024: GROSS SALES GROWTH IN A RANGE BETWEEN 10%
AND 12%
AT CONSTANT CURRENCY
    * OUTLOOK 2024: NET MARGIN IN RANGE BETWEEN EUR 500 MLN AND
EUR
515 MLN
    * OUTLOOK 2024: EBIT IN RANGE OF EUR 200 MLN AND EUR 210 MLN
    * OUTLOOK 2024: OPERATING FCF ABOVE 80% OF ADJUSTED EBITDA
    * OUTLOOK 2024: BOARD OF DIRECTORS DECIDED TO PROPOSE TO
SHAREHOLDERS NOT TO DISTRIBUTE A DIVIDEND

Source text for Eikon:  ID:nBwb3Y4Qja 
Further company coverage:  EXN.PA 

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