2013-01-16 18:04:14 -
Fourth Quarter 2012 Revenue
Neuilly-sur-Seine, January 16(th), 2013
Revenue and activity
For the quarter ending December 31(st), 2012, Netgem has announced consolidated
revenue of € 22.9 million. This takes the full year 2012 consolidated revenue to
€ 81.2 million, of which nearly two thirds come from international sales.
In €M, IFRS data Q4 2012 Q4 2011 Change Year 2012 Year 2011 Change
Revenue 22,9 25,3 -9% 81,2 84,7 -4%
- France 5,4 9,3 -41% 28,1 38,3 -27%
- International 17,5 16,0 +9% 53,0 46,3 +14%
Strategy, outlook and corporate governance evolution
Following its international development in 15 countries over 3 years, the Group
has identified supporting the deployment and penetration of its customer's
offers in their respective markets as top priority for 2013, mainly by providing
and integrating new services. The Group maintains its objective to double
international revenue between 2011 and 2014.
In France, the Group intends to intensify its investments in the Connected TV
industry and related services, a sector which, in an environment of increased
competition between operators, now offers real prospects.
Besides this, the Group has taken the decision to significantly increase its
Research & Development effort in order to quickly extend its range of products,
particularly in the area of access and multi-screen content distribution within
the household.
In order to lead these projects optimally, the Group has decided to evolve its
corporate governance: Christophe Aulnette becomes President of Netgem
International, and will thus continue to guide the international development of
the Group, and Joseph Haddad takes over as Chief Executive Officer.
Moreover, Christophe Aulnette has been appointed as Director within Netgem's
Board of Directors, succeeding Charles Berdugo who has resigned for personal
reasons. The Board warmly thanks Mr. Berdugo for his contribution over the last
years.
Financial situation and results
The Group continues to develop profitably, generating a high capacity for
investment.
Since its share buyback program was activated at the end of 2011, the Group has
bought 1.4 million of its own shares, of which nearly 500,000 have been used for
the vesting of free shares already granted.
Key events
The Group's consolidated perimeter has not changed during the quarter, except
for the merger of the entities NMS (a 100% holding of Netgem, that holds 50% of
Digitime, a company focusing in IPTV audience measurement) and PlugnSurf
(inventors of the Wobe, acquired recently) within Netgem as of 31(st) December
2012.
Financial Calendar (subject to possible change)
- 2012 Results: week of March 25(th), 2013
About Netgem
Netgem provides Connected Home Entertainment Solutions to Multiservice Operators
to help them strengthen their end-customer relationship and drive revenue
growth. Based upon Netgem's hardware and software technologies, operators are
able to develop innovative convergent services and a unique broadcast TV
experience, enriched by the power of Internet. Netgem is present in more than
fifteen countries around the world with an install base of more than 4 million.
Netgem is listed on Compartment C of Euronext Paris Eurolist.
Website : www.netgem.com Twitter
www.twitter.com/netgem/
ISIN : FR0004154060, Reuters : ETGM.PA, Bloomberg : NTG FP
Investor contact: Charles-Henri Dutray, Tel: +33 (0) 1 55 62 55 62 E:
CFO
chd@netgem.com
Press contact: Beatriz Ledesma, Netgem Tel: +33 6 25 69 22 44, E:
Communications
ble@netgem.com
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Source: NETGEM via Thomson Reuters ONE
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