✓ Recurring revenues represent 90% of the activity, with 320,000 subscribers to the group's Content-as-a-service platform.
✓ Gross profit growth of 20% in the first half of 2021.
✓ This growth is accompanied by a return to profitability with EBITDA reaching € 2.0m (H1 2020: - € 0.3m) and a significant improvement in net cash (€ 4.3m at June 30, 2021 vs. € 1.8m at the end of 2020).
✓ The company raises its annual objectives, anticipating gross profit growth in 2021 of about 15%, compared to 10% as announced previously.
✓ "France Channels" => "...the commercial launch of France Channel is scheduled for mid-August 2021."
✓ In the United Kingdom, the Group is experiencing growing success, which it hopes to translate in the second half of the year into new partnerships with leading players, which would allow the Group to increase its visibility in 2022.
The Netgem Board of Directors of July 29, 2021 approved the accounts for the first half of 2021. For Mathias Hautefort, CEO of Netgem, “Our business model has stabilized. We are growing with our existing customers and discussions are underway with other telecom operators or publishers of video streaming services. We are revising our objectives upwards and are now aiming for organic annual gross profit growth of close to 15% in 2021.”
