(August 2nd 2018)
Résultats du 1er semestre 2018
Total active user base which reached:
Q2 - 2018: 2,100,000 (+107,000 over the semester)
Q4 - 2017: 1,993,000
The growth in the number of active users:
Q1 2018: +34,000 (over the quarter)
Q2 2018: +73,000 (over the quarter)
"(...)
Activity in the first half of 2018 was marked by the growth of the total active user base which reached 2.1
million at the end of June 2018, a gain of 107,000 subscribers over the semester, and by a slowdown
much more pronounced than expected on traditional IPTV business.
Many operators appear to be more
cautious about their IPTV investments, especially in countries where ARPUs (revenue per subscriber) are
the lowest and for which returns on investment are longer.
For the six months ended June 30, 2018, Netgem achieved a consolidated revenue of € 23.0 million,
down 30% compared to the first half of 2017.
The Group does not see this trend improving, which
legitimizes the strategy of switching to the OTT
undertaken for several years.
The rapid slowdown in IPTV activity could delay the moment when the
contribution of OTT activity will offset this decline.
Net revenue declined more slowly than revenue, due to recurring revenue from software maintenance
and services calculated on the active user base (SaaS effect). It reached € 11.0 million in the first half of
2018, down 15% compared to the previous year period.
Operating expenses decreased by 14%, from € 10.0 million in the first half of 2017 to € 8.6 million in the
first half of 2018,
with no decrease in R&D.
(...)"
"Significant events, strategy and outlook
Given the slowdown in IPTV business, the company will continue to rationalize its cost, started in the first semester, by focusing its investments on its most strategic markets.
In the first half, the company launched its OTT service on the UK market. This service offers a new generation TV experience and is the only one to offer in a unified interface, voice-controlled via Alexa, live and replay channels and the most popular OTT services such as Amazon Video, Youtube, Hayu or Rakuten, on all the screens of the home.
As a first step, this service is marketed as part of a "bundle" with the sale of connected equipment (smartTV adapter or smart soundbar). The distribution of the service is done through networks of Service Providers, and will, before the end of the year, be licensed in the "retail" networks.
The service and associated equipment have won several awards: "Most innovative in home device" at TV Connect 2018, The Connies 2018's "Best user experience beyond tv & video" and "Content Innovation Awards 2017" for "Consumer Equipment Innovation". The Group intends to continue to expand the range of devices compatible with its service.
The geographical extension of OTT activity beyond the UK is under study.
Revenue and gross profit for Q3’2018: October 18th, 2018, before market opening "
Sources:
https://www.netgem.com/investors/investors/press-releases-and-news
(Q1 2018 revenue)
* * *
NETGEM (Euronext Paris)
Par courrier reçu le 9 octobre 2018, la société FMR LLC1 (The Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, Etats-Unis), a déclaré avoir franchi en hausse, le 5 octobre 2018, indirectement par l’intermédiaire de la société FMR Co., Inc. qu’elle contrôle, le seuil de 5% des droits de vote de la société NETGEM et détenir indirectement 2 076 342 actions NETGEM représentant autant de droits de vote, soit 7,00% du capital et 5,36% des droits de vote de cette société2.
Ce franchissement de seuil résulte d’une acquisition d’actions NETGEM sur le marché.
SOURCE: www.amf-france.org
Document AMF n° 218C1654 du 9 octobre 2018
Déclarations de participation, de franchissement de seuil, d'intention, etc.
FMR LLC est une société holding d’une groupe indépendant de sociétés, agissant pour le compte de fonds, communément dénommé Fidelity Investments (cf. communiqué du 24 avril 2008)
