NETGEM (EPA:ALNTG) - 2020 turnover and net revenue: Confirmed rebond in net revenue

Transparency directive : regulatory news

22/01/2021 07:30

Press release

      2020 turnover and net revenue: Confirmed rebond in net revenue

Paris, January 22, 2021,

The NETGEM Group continued in 2020 on its growth path, despite the global
health crisis. The rebound is based on the confirmed appeal of very high speed
internet access, and the Group's business model, based on recurring revenues
which now represent more than 90% of activity. The growth in consolidated net
revenue is confirmed.

NETGEM's activity was marked in 2020 by the commercial momentum of its activity
with operators (B2B and B2B2C) and with its direct customers (B2C):
- The continued growth in Finland of the new premium 4K offer of the Fiber
operator Elisa;
- the positive dynamics of the very high speed internet access market in Great
Britain with in particular the launch of new operator customers; the last two
to date are Community Fiber in the greater London area and POP Telecom at the
national level in January 2021;
- In addition to the growth of the VOD activity, driven by confinements, the
French market has seen the launch of a new offer integrating a SuperWifi option
based on the Mesh technology developed by the Group.

For Mathias Hautefort, CEO of NETGEM, "The second half of 2020 confirms  the
group's rebound, as announced with the half-year results. Our technological
platform    in SaaS mode, our know-how and the Content-as-a-service model
demonstrate the economic robustness and growth potential of the group, with
expanding offers"

Turnover and net revenue (*) (in millions of euros, IFRS, unaudited)

                                            Var.     Var.
Groupe Netgem  Q4 2020  Q3 2020  Q4 2019  T4 / T3  Q4 / Q4  2020  2019 Change

Turnover         8.3      6.6      6.4     + 26%    + 30%   30.3  25.3   + 20%
Net revenue      7.3      6.4      3.6     + 15%    +103%   26.8  13.5   + 99%

(*) defined as turnover less the cost of equipment sold.

Given the change of perimeter effect, the Net revenue for 2020 grewn by 99%
compared to 2019 ; the consolidation of Vitis brought EUR 16.0m out of the
consolidated Group total of EUR 26.8m.

In the second half of 2020, net income is up 5% compared to the previous half.

Over the year 2021, the Group estimates that this growth should be confirmed
from half-year to half-year, both in terms of net revenue and gross margin,
thanks to the expansion of the total subscribers base addressed by the Group's
offers in its three main markets. The tight management of expenses, initiated
several years ago, will continue to bear fruit with a significant improvement
in EBITDA.

The group's gross cash position amounted to EUR 10.2 million at the end of
December.

Euronext Growth transfer

Following the decision of the general meeting of October 20, 2020 authorizing
the transfer of the listing to Euronext Growth, it is expected that the
conditions necessary for this transfer will be met in the first quarter of
2021.

Financial communications calendar

- Results 2020                         March 19, 2021, before market
- Turnover and net revenue Q1 2021     April 21, 2021, before market
- Annual General Meeting               May 26, 2021
- Results S1 2021                      July 30, 2021, before market
- Turnover and net revenue Q3 2021     October 20, 2021, before market

Contacts

Investor and Analyst 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 an independent provider of ultra-broadband consumer services. The
customers managed by the Group are located in Europe, mainly in France, Great
Britain and Finland. They are managed for Netgem's own account (in France) and
for the account of third-party operators. In France, the Group operates in
rural areas in conjunction with infrastructure investments underwritten by
public authorities aiming to reduce the digital divide and improve regional
planning.
The Group stands out thanks to its end-to-end technological mastery of its
digital TV, video and music streaming offer with a unified and unique
experience on TV, mobile and voice control, including the biggest brands of
local and global content.
Netgem is listed on Euronext Paris Compartment C
(ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: NTG: FP) www.netgem.com

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30/04/2024 17:45

NETGEM (EPA:ALNTG) - 2020 turnover and net revenue: Confirmed rebond in net revenue

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