Netgem : A stronger decline in Q2 – a persistently challenging refocusing on figures – good cash control
>Sharp decline in EBIT to -€ 0.1m (vs ODDO BHF’s estimate of € 0.7m) - Netgem this morning reported its H1 2019 results. These figures were broadly below our expectations. After Q1 sharply down (-40%), the sales decline increased in sequential terms, with a 46% drop to € 6.5m est. in Q2 (vs ODDO BHF -28%e to € 8.6m est.). Moreover, the gross margin in Q2 came in at € 3.1m, a decline equal to that in sales (-46%) while the fall in the gross margin has always been less ...Netgem is a provider of Internet services through television. Co.'s solution enables businesses and communities to build one-to-one Web-based relationships with their customers and members by providing access to online services. Co.'s technology operates on a Linux-based open software platform and a thin-client access device. Co.'s Netgem Solution is available for standard telephone connection at 56kbs, ISDN lines, Ethernet connection (ADSL modems) and broadband cable (DOCSIS standard) Co. offers the Netbox, which transforms every television set into an Internet-enriched television using only a standard telephone connection.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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