NETGEM (EPA:ALNTG) - Activity 3rd Quarter 2019 : Pursuing the development strategy of Services operator activities
Transparency directive : regulatory news
17/10/2019 07:00
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Press Release
Activity 3rd Quarter 2019: Pursuing the development strategy of Services
operator activities
Paris-La Défense, 17 October 2019
Netgem outlines the main characteristics of its activity for the third quarter
of 2019:
- The managed Services activities have taken over the traditional Box
activities
- Continuing growth for Vitis, whose Vic and Victoria new Fiber offers are
marketed to 1.5 million passed connected homes
- Strong financial position with 7.8 M euros of cash at the end of September
For Mathias Hautefort, CEO of Netgem and President of Vitis, "the Netgem Group
continues its transformation to a service operator model addressing the fixed
and mobile broadband market. The satisfying results of Vitis on the French
Fiber market in France in 2020 will enrich our offerings for operators in
Europe."
Revenue and Net Revenue (*) (in millions of euros, IFRS, unaudited)
group Netgem Q3 Q2 Q3 Change Change 1st 9 1st 9
2019 2019 2018 Q3 /Q2 Q3 / Q3 months months Change
2019 2018
Revenue 5.7 6.8 7.9 -1.1 -2.2 18.8 31.0 -12.2
Net Revenue 3.2 3.4 4.0 -0.2 -0.8 9.9 15.0 -5.1
Net Revenue,
excluding
Platform
activity (**) 3.2 3.4 3.7 -0.2 -0.5 9.9 14.3 - 4.4
Vitis (as it is consolidated with the equity method, its Net Revenue below is
not included in the group Net Revenue above; Net Revenue for Vitis in 2019
includes the Platform activity carried over by Netgem to Vitis):
Net Revenue 3.9 3.5 2.4 0.4 1.5 10.9 6.3 4.6
(*) defined as revenue less cost of equipment sold.
(**) As the Platform activity was carried over to Vitis in 2019, this
information is provided for the purpose of comparing Net Revenues for different
periods of time with the same scope of activity.
Over the quarter, Netgem's revenue decreases by 16% (-EUR 1.1m) and Net Revenue
by 5% (-EUR 0.2 million) due to lower deliveries of hardware products and the
stability of services revenues.
The Net Revenue for Vitis (not consolidated) increases it by 11% (+EUR 0.4
million) due to the net increase in the number of subscribers.
The Group's cash position was EUR 7.8 million as at the end of September 2019.
The Netgem Group confirms its focus on managed services, with its multi-screen
platform combined with high-end connected devices.
The myVIDEOFUTUR cloud offer, which allows the provision of a multi-screen
service with or without a Box, is now being marketed by Vitis in
Fibre-connected areas in France. The expansion of its distribution via partner
operators will start in 2020.
In addition, the launch of the connected soundbar co-developed in partnership
with Sharp and including Amazon Alexa has confirmed the Group's high-end
positioning, which aims to enable Ultra-fast broadband operators to grow their
revenue per user and improve customer retention.
Financial communications calendar
- Revenue and Net Revenue Q4 2019 23 January 2020, before market
- Results 2019 20 March 20, before market
- Revenue and Net Revenue Q1 2020 14 May 2020, before market
- Annual General Meeting 14 May 2020
- Results H1 2020 31 July 2020, before market
-Revenue and Net Revenue Q3 2020 21 October 2020, before market
Contacts
Investors and Analysts Relations
Bertrand Soleil
bertrand.soleil@double-digit.com
Tel: +33 (0)6.23.31.06.53
Press Relations
Patricia Ouaki
patricia.ouaki@forcemedia.fr
Tel: +33 (0)1.44.40.24.01
About Netgem
Netgem, is the pioneer of the connected home in France, with the invention of
the Box and the co-creation of the independent operator of services for
ultra-fast broadband in France, under the Videofutur brand. Millions of homes
around the world today use the Netgem Box, under the brand names of its
distribution partners, telecom and entertainment operators.
Netgem is listed on Euronext Paris Compartment C
(ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: NTG FP) www.netgem.com