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NETGEM — Earnings Release 2013
Oct 3, 2013
1547_iss_2013-10-03_8d1d898a-5f1e-4c2f-9b51-fa84c32b8f14.pdf
Earnings Release
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Interim results for the first half of 2013 Third quarter 2013 revenue
Neuilly-sur-Seine, Octobre 3rd, 2013
Revenue and activity
| IFRS, in € millions Consolidated |
Q3 2013 | Q3 2012 | Change | 9-month 2013 |
9-month 2012 |
Change |
|---|---|---|---|---|---|---|
| Revenue | 24.1 | 20.1 | +20% | 57,9 | 58,2 | -1% |
| Of which international | 20.3 | 13.2 | +53% | 43,6 | 35,6 | +22% |
| Of which France | 3.9 | 6.8 | -44% | 14,2 | 22,6 | -37% |
For the quarter ending September 30th 2013, Netgem announces a consolidated1 revenue of € 24.1 million, taking its nine-month consolidated revenue to € 57.9 million, of which 75% from international sales. The growth in international sales stems from the successful launch of the new T-Box in Australia, as well as from the development of our clients' subscribers base in Europe and Latin America.
At IBC fair in September, Netgem showed the latest innovations on its two product lines, which allow multi-service operators to extend and increase the value of their subscribers base: DuoTV (end-toend low-cost connected TV offer) and TotalTV (premium multi-screens offer).
Netgem also announced the launch of the French version of DuoTV under the brand "La Box Videofutur". For € 10 per month, La Box Videofutur enables access to an enriched connected TV and SVOD offering, whatever the access provider and internet speed.
This offering is already being distributed in Videofutur shops and on the website videofutur.fr. The service will also be distributed from mid-November onwards through partner networks such as the Virgin Mobile national network, or the networks from local operators such as Ozone and Cityplay.
This original and competitive end-to-end offer, from the terminal to the content, is made available by Netgem to operator partners in a "TV as a service" mode, improving recurring business.
Financial situation and results
The Group continues to develop profitably and benefits from a high investment capacity which allows to maintain a strong effort in innovation on the connected TV value chain and to finance the growth of activity.
1 It includes the activity of Videofutur as of the date of its take-over by Netgem at the beginning of April 2013.
Operations and key events
As previously announced, Netgem merged with Videofutur Entertainment Group S.A. on August 1st 2013.
Pro forma data
The pro forma data includes the activity of Videofutur since January 1st, 2012
| IFRS, in € millionsPro forma | 9-month 2013 | 9-month 2012 | Change |
|---|---|---|---|
| Revenue | 59.8 | 63.5 | -6% |
Provisional calendar of financial communication
- Revenue for Q4 2013: week of January 13th, 2014
About Netgem
Netgem is a technology provider of innovative video solutions for the connected home entertainment market. Combining proven technology assets with expertise in content and new video usage, including on new companion screens, Netgem solutions give multi-service operators around the world an edge to enhance and deepen the relationship with their subscribers. Netgem is present in Europe, APAC and Latin America with over 4 million active households worldwide. Netgem is listed on NYSE Euronext Paris, Compartment C (ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: NTG FP)
Website : www.netgem.com Twitter http://www.twitter.com/netgem/
ISIN : FR0004154060, Reuters : ETGM.PA, Bloomberg : NTG FP
Investor contact : Charles-Henri Dutray, CFO Tel: +33 (0) 1 55 62 55 62 Email : [email protected]
Press contact : Beatriz Ledesma, Netgem Communications Tel: +33 6 25 69 22 44 Email : [email protected]