Report
Nicolas Thorez

Netgem : Forte contraction de l’activité au T1 – Nouveau DG groupe – OC ajusté à 1.2 € vs 1.4 €

>MB T1 : -32% yoy à 3.6 M€ (vs 4.7 M€e) soit 55% CA - Netgem vient de publier ce matin son CA et sa marge brute au titre du T1, qui ressortent nettement en-deçà de nos attentes. Malgré un effet de base plutôt favorable (CA T1 2018 : -25% yoy), et une transition Saas maintenant engagée depuis plusieurs trimestres, l’activité enregistre une forte contraction sur ce début d’année. Le CA T1 ressort à 6.6 M€, soit une baisse yoy de 40% tandis que la marge brute s’établit à...
Underlying
Netgem SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas Thorez

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