NETGEM (EPA:ALNTG) - Q1 2019 activity - New CEO Appointment

Transparency directive : regulatory news

14/05/2019 07:00

PRESS RELEASE
Q1 2019 activity
New CEO Appointment

Paris, May 14th 2019

>   Q1 2019 Revenues demonstrates switch to Services

MEUR - non audited                            Q1'19    Q1'18     Var

Consolidated Sales                              6.6     11.0    -4.4   -40%
Consolidated net revenues                       3.6      5.3    -1.7   -32%
Videofutur (non consolidated net revenues)      3.0      2.1    +0.9   +42%

Consolidated revenue for Q1 2019 was EUR 6.6 million and net revenue EUR 3.6
million. Vitis (Videofutur) net revenue, not consolidated, was up 42% to EUR
3.0 million. For the first time, more than 50% of the net revenue for the
Group's extended scope came from services, reflecting the change initiated
several years ago.

>   New CEO appointment

In this context, Netgem's Board of Directors decided to separate the functions
of Chairman and Chief Executive Officer, appointing Mr. Mathias Hautefort as
its Chief Executive Officer, replacing Mr. Joseph Haddad who will remain
Chairman. Mr. Mathias Hautefort will assume his new position on July 1st, 2019,
and will remain President of Vitis (Videofutur). This evolution will not result
in an increase in compensation costs.

"Mathias Hautefort has demonstrated, in the Group and before, his ability to
develop service activities at the intersection of technology, media and
telecoms. His appointment significantly strengthens the transformed Group's
ability to return to growth" says Joseph Haddad, Chairman, CEO and co-founder
of Netgem

"Netgem can build on its proven expertiseexperience in Services, coupled with
an industrial capacity and innovation in Connected Devices, and a healthy
balance sheet. I look forward to contributing to its development", says Mathias
Hautefort, CEO nominated of Netgem

Mathias Hautefort Resume

Mathias Hautefort, 51, is President and Founder of Vitis, created in 2016 with
the support of three shareholders - Netgem, Caisse des Dépôts et
Consignations and Groupe Oceinde. Vitis, a player in France's Broadband Plan,
is dedicated to the development of very high- speed broadband internet in
Public Initiatives Areas (rural areas and medium-sized cities), bringing to
market innovative fiber offerings combining technology and content under the
trademark Videofutur.

He joined the Netgem Group in 2013. Previously, he began his career at the
Ministry of Economy, Finance and Industry, in the Auvergne region then at the
Treasury Department, before being technical adviser to the Minister. He then
joined Suez in 2000, where he was appointed Deputy Chief Executive Officer of
Lyonnaise Cable (Noos). In 2005 he was Chief Executive Officer of Viaccess
attached to the Content Division of the France Telecom Group. He was then
Deputy General Manager of Infogrames (Atari) in 2007 and President of Pace
Europe in 2008.

Mathias Hautefort is a graduate of Ecole Polytechnique and ENST (Corps des
Mines).

Finance Calendar
. Shareholder meeting           May 14th, 2019
. Half Year 2019 activity       August 1st, 2019, before stock market opening
. Q1 2019 activity         October 17, 2019, before stock market opening

Contacts
. Investor Relations :
  Charles-Henri Dutray
  chd@netgem.com +33 1 55 62 56 11
. Shareholders & press relations :
  Nicolas Castex
  nicolas.castex@equitystories.fr +33 6 09 58 07 72

About Netgem
NETGEM is the pioneer of the connected home, with the invention of the Box in
1996, and the co-creation of the  independent operator of services for the very
high-speed and Fiber in France, under the brand VideoFutur. Millions of homes
around the world today use the NETGEM Box, under brands of our distribution
partners, operators of telecommunications services and entertainment. NETGEM is
listed on Euronext Paris Compartment C (ISIN: FR0004154060, Reuters: ETGM.PA,
Bloomberg: NTG: FP)
www.netgem.com

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NETGEM (EPA:ALNTG) - Q1 2019 activity - New CEO Appointment

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