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Title: Netgem 2010 Third Quarter Revenues Post by: RealWire on October 12, 2010, 02:24:11 AM Revenues and activity
For the quarter ending September 30th, 2010, Netgem announces consolidated revenues of € 32.9 million, taking nine-month sales to € 107.1 million, up 6% on a like-for-like basis . Over the quarter, international sales reached € 20.3 million (i.e. 14.1 times Q3 2009 sales). This evolution reflects Netgem’s international development momentum, as illustrated by the successful launch of the T-Box in Australia. in € millions IFRS Datas Q3 2010 Q3 2009 Change Nine-month 2010 Nine-month 2009 Change Revenues 32.9 30.6 +2.3 +7% 107.1 101.0 +6.1 +6% - France 12.6 29.2 -16.6 -57% 74.6 98.7 -24.1 -24% - International 20.3 1.4 +18.9 X14.1 32.5 2.3 +30.2 X14.4 Outlook 2010 Full Year Group Revenues should be close to 2009’s revenues[1]. International revenues increase strongly: they will represent circa 30% of 2010 consolidated revenues vs. 4% in 2009, confirming the success of the Group’s expansion. Financial situation and results The Group continues to develop profitably, generating a high capacity for investment. Operations and key events The Group consolidated perimeter has not changed during the quarter. About Netgem Leader of IPTV solutions, Netgem enables operators around the world to deliver the Future of TV in the digital home. Based upon Netgem’s hardware and software technologies, operators are able to develop innovative convergent services and a unique broadcast TV experience, enriched by the power of Internet and the connected home content. Installed in over 3 million homes around the world, Netgem’s set-top-boxes and software are deployed by customers such as: SFR in France, Telstra in Australia, Monaco Telecom, Telekom Slovenia, Elisa in Finland, Spec-Com for Algeria Telecom, Melita Telecom in Malta, FetchTV in the UK, and Toshiba. Netgem is listed on Compartment C of Euronext Paris Eurolist. Website: www.netgem.com/ Twitter http://www.twitter.com/netgem/ ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: NTG FP |