Paris, May 25, 2023,
The Group continues to execute on its growth strategy in the connected entertainment market:
The total number of subscribers to the Group's services amounts to 609.000 at the end of April 2023, i.e. a growth rate of more than 30% over 12 months.
The group is raising its ARR growth target and is now aiming for more than 25% compared to 2022.
The Group's gross cash to date stands at nearly 10 M€ and supporting the group's ability to seize growth opportunities and to pursue its dividend policy.
For Mathias Hautefort, CEO of Netgem,“Our strategy is to turn our Netgem platform into a key value-adding intermediary between publishers of content (movies, TV, games...) and distributors, in particular Telecom operators. The first months of 2023 confort us in our ambitions.”
Governance
The governance of the Group is evolving with the replacement of Ms. Catherine Haddad by Ms. Laura Wilner, as permanent representative of J.2.H., and the cooptation of Mr. Jean Mizrahi to the Board of Directors.
Member of the Haddad family, Mrs.Laura Wilner is a graduate of ESCP Business School. After an entrepreneurial experience (Frichti, Wild & The Moon), she is today project leader at the Boston Consulting Group.
Former student of the Ecole Polytechnique and graduate of the ENPC, then banker at Lazard Frères, former Managing Director of Eclair group, Jean Mizrahi is an entrepreneur and business creator (JMS, Ymagis, Decoralia).
These two new members will bring to the Board their expertise and experience in entrepreneurial, strategic, financial and audiovisual business matters.
Financial communication calendar 2023
(*) before market opening.
Contacts
Investor and Analyst Relations Bertrand Soleil bertrand.soleil@double-digit.com +33 (0)6.23.31.06.53 |
Relations Presse Patricia Ouaki patricia.ouaki@forcemedia.fr +33 (0)1.44.40.24.01 |
About Netgem
Netgem operates the netgem.tv platform of services around digital video entertainment, integrating all live, on-demand or subscription content available on the market, and accessible by all family members on mobile screens, PCs or TV.
The netgem.tv product is distributed, through a network of fixed telecom operators in Europe, under the operator's brand (B2B2C model) to more than 600,000 subscriber households.
Netgem is listed on Euronext Growth.
(ISIN : FR0004154060, Reuters : ETGM.PA, Bloomberg: ALNTG FP)
[1] includes any end-user subscriber of Netgem platform services, subject to direct or indirect billing (B2B and B2B2C modes).
[2] annual recurring revenue or recurring annual income.
Regulated information:
Quarterly financial reporting:
- First quarter financial report
Full and original press release in PDF: https://www.actusnews.com/news/80118-2023-05-25-pr-cp-netgem-_-point-d_activite-eng.pdf