KERLINK (EPA:ALKLK) - Third-quarter 2019 revenue: €2.9m

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22/10/2019 17:45

Third-quarter 2019 revenue: EUR2.9m
Stable business volumes on like-for-like (-3%)

PRESS RELEASE
Thorigné-Fouillard, 22 October 2019, 5.45 p.m.

Thorigné-Fouillard, France - Kerlink (ALKLK - FR0013156007), specialising in
network and IoT solutions, published its third-quarter 2019 revenue today.

                                                   At 30      At 30
Revenue by activity         Q3      Q3           September  September
In thousands of euros      2019    2018   Change   2019       2018     Change

Historic and
alternative telecom
operators                   692     831     -17%     1,795      4,218   -57%
Private operators         2,186   2,150      +2%     7,366      7,090    +4%
Reference design             49      50      -4%       227        243    -7%
Total                     2,927   3,031      -3%     9,389     11,551   -19%

IFRS ? Unaudited figures

Revenue in the third quarter of 2019 totalled EUR2.9 million compared with
EUR3.0 million in the third quarter of 2018. Business with historical telecoms
operators generated EUR0.7 million in revenue, a decline of 17% (compared with
24% over the first six months of the year). In the private operators segment,
revenues increased 2% to EUR2.2 million.

Sharp growth in revenue in Europe

Revenue by geographical                            At 30      At 30
regoin                      Q3      Q3           September  September
In thousands of euros      2019    2018   Change   2019       2018     Change

NCSA (Americas)              98     116     -15%       210        299   -30%
APAC (Asia-Pacific)         287     840     -66%       629      2,429   -74%
EMEA, excl. France          892     548     +63%     2,878      1,992   +44%
International             1,277   1,504     -15%     3,717      4,720   -21%
France                    1,650   1,527      +8%     5,672      6,831   -17%
Total                     2,927   3,031      -3%     9,389     11,551   -19%

IFRS - Unaudited figures

In the APAC region, Kerlink had been gaining from the major contract signed
with top tier operator Tata Communications. The delivery of this contract in
2018, and the absence of equivalent projects in 2019, explains the decline in
revenue in this region.
In the EMEA region excl. France (30.5% of revenue over the period), revenue
grew at a robust pace, notably thanks to the various partnerships and new
distribution contracts signed in recent months. These are aimed at extending
the Group's access to the market to support redeployment in the private
operator segment.

In France, Group revenues were up 8%, highlighting Kerlink's solid foothold in
the zone and despite a demanding comparison base (substantial revenues
generated from national French operator in 2018).

Increase in Services revenue
Contributions from the Services business (network administration software,
Reference Design expertise and profession services solutions) continue to rise,
consistent with the Group's business model, reaching 25.8% of total sales, up
from 19.1% at 30 September 2018.

About Kerlink
Kerlink Group is a front-ranking international provider of end-to-end solutions
for the Internet of Things (IoT), addressing telecom carriers, businesses, and
public authorities worldwide. Its growing range of turnkey IoT services,
covering everything from network planning to design and operations management,
enhances its offer of carrier-grade, market leading infrastructures. Widely
recognised for its expertise in IoT, the Group regularly unveils high
value-added, innovative services, such as geolocation from the network, remote
management of connected equipment, and energy-efficient IoT reference designs,
enabling its clients to rapidly launch IoT devices on the market and devise
innovative business models for monetizing their deployments. Kerlink has been
listed on the Euronext Growth Paris market since May 2016 and in 2017 was
listed on the EnterNext PEA-PME 150 index of 150 fast-growing French SMEs. In
April 2018, Kerlink joined the Tech 40 index, which recognises the
top-performing tech SMEs on the Euronext markets in Amsterdam, Brussels, Lisbon
and Paris.

For more information, go to www.kerlink.fr and follow us on Twitter
@kerlink_news

Upcoming event - Annual 2019 revenue on 12 February 2020

Financial Press contact:
Actifin
Benjamin Lehari - Isabelle DRAY
blehari@actifin.fr - idray@actifin.fr
+33 (0)1 56 88 11 25 - +33 (0)1 56 88 11 29

Press and Market Analysts contact:
Mahoney Lyle
Sarah Lyle
+33 6 75 85 60 42
slyle@mahoneylyle.com

www.kerlink.com
fr.linkedin.com/company/kerlink
Twitter @kerlink_news

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KERLINK (EPA:ALKLK) - Third-quarter 2019 revenue: €2.9m

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