Report
Nicolas Thorez

Netgem : Year-end trading update in line with expectations, earnings still on a clear and promising upward trajectory

>FY 2023 revenues and gross profit close to expectations, moving in the right direction - Netgem reported this morning H2 2023 revenues and gross profit in line with our expectations. H2 revenues stood at € 17.5m (vs ODDO BHF € 17.5m) and H2 gross profit was up by almost 15% YoY to € 12m (vs ODDO BHF € 11.4m), with sequential acceleration compared with H1 2023. Overall, for FY 2023, revenues came in at € 35.6m, down 2% YoY, due to the sale of the Fibre business (conso...
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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