Growth of +30% in Annual Recurring Revenue
already guaranteed for 2023
Trading Update of 19 October 2023
"Confirmation of the ARR* growth objective of 30% in 2023:
✓ Strong commercial activity for Netgem’s “Immersive TV” offer integrating Content and Cloud Gaming for operators
✓ Continuing integration of the acquired Eclair subsidiaries to provide new offers from 2024, and an axis of profitability and complementary growth
✓ ESG Gold mark (score 73/100) attributed by Ethifinance for year 2022
The group is also continuing to grow its subscriber base in its different geographic markets, in particular with its customers Zeop in France, Elisa in Finland and TalkTalk in the United Kingdom. British telecom operator brsk also launched its new television service"Better.TV" with the Netgem TV platform.
France Channel launched its service on Amazon Channel. (...)"
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Revenue:
Revenue in 2021 = 28.3 MEur
Revenue in 2022 = 36.3 MEur (+28%)
Revenue in 2023 =~ ? MEur (+?%)
Revenue for H1 2023 amounts to €18.1M (H1 2022: €16.3M), up 11% on the same period in 2022. ARR H1 2023 was €10.1M (H1 2022: €6.1M), up 65%. This growth translates into a 4% increase in gross margin to €10M.
Continued control of operating costs combined with growth in gross margin resulted in a 21% increase in Ebitda H1 2023 to €3.8M (H1 2022: €3.2M).
https://www.netgem.com/en/investors/regulatory-press-releases
https://www.netgem.com/en/investors/regulatory-information
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