Netgem : Improvement in 2023 results, close to expectations. The financial profile should continue to firm up in the next few years
>Improvement in 2023 results, close to our initial estimates - Netgem reported good 2023 results this morning. On 2023 revenues down a slight 2% to € 35.6m and a gross margin up 10% to € 22.0m, both already published, EBITDA grew 14% to € 7.8m, in line with our expectations (vs ODDO BHF € 7.7m). This margin improvement (+3.2 points) reflects the combined effect of gross margin growth and very good opex optimisation (limited growth of 7% in the year). After factoring i...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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