Netgem: ARR growth > 20% in 2023

  

NETGEM anticipates ARR* growth of more than 20% in 2023.

"(...)

Dividend

Renewing its confidence in Netgem’s strategy and its ability to generate cash, and in view of the exceptional resources freed up by the sale of the Fiber business, the Board of Directors will propose to the General Meeting to increase the dividend from 3 cents to 5 cents per share.

Perspectives for 2023

As announced at the end of January 2023, Netgem has decided to initiate the sale of its Fiber business, which has been effective as of April 1, 2023 with a positive net cash effect of €3 million. The resources freed up will enable the Company to increase its investments in innovation in order to strengthen its market position.

The rapid evolution of the market towards standardized set-top box terminals based on androidTV should also allow the Group to withdraw from the sale of access equipment.

These changes in scope will enable the company to reduce its operating costs despite the inflationary context.

The Company anticipates ARR* growth of more than 20% in 2023. The cash flows generated by the subscribers base will thus be progressing and will be sufficient to finance this growth. (...)"

2023/03/31 - Netgem turnover 2022 and Outlook 2023

* "Annual recurring revenue (ARR) refers to all ongoing revenue for a product or business, projected over one year. Companies that offer yearly subscriptions use this metric to determine how much revenue they can expect each year."

Source: https://www.netgem.com/en/investors