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