Telecomunicazioni
NETGEM : Consolidated full year results 2012
Neuilly-sur-Seine, March 26 , 2013
Results and financial situation
Netgem's current operating profit for 2012 amounted to EUR12.3 million (-3% compared to 2011) or 15% of full-year revenue of EUR81.2 million (-4% compared to 2011).
G ross margin for 2012 amounted to EUR30.2 million (37% of revenue) as compared to EUR32.4 million in 2011 (38% of revenue).
Operating expenses decreased 9% to EUR17 .9 million in 2012, compared to EUR19.8 million in 2011, while the number of active customers increased, reflecting the control over operational costs and risks without any impact on the R&D effort.
Netgem recorded a net profit of EUR9.3 million in 2012, which included a one-off loss of EUR0.8 million, financial products of EUR0.6 million and EUR2.8 million of corporate income tax. The Group's net cash position amounted to EUR55.2 million at the end of the year, up EUR5.2 million from the previous year-end, and included the payment for the acquisition of PlugnSurf, dividend payments (EUR4.8 million) and the repurchase of shares (EUR2.5 million).
Since its share-buyback program was activated at the end of 2011, the Group has bought back 1.7 million of its own shares, equivalent to 4.5% of its capital, of which 531,000 have been used for the free shares granted to employees.
Strategy and outlook, operations and significant events
I n France, Netgem has set itself the target of returning to growth by addressing the opportunity represented by connected television. The public tender offer on Videofutur fits into this approach.
At the international level, the Group will continue to support the deployment and penetration of its customers' offerings in their respective markets, notably by providing and integrating new services.
The Group has intensified its R&D effort in order to grow its range of products quickly, particularly in the areas of Internet access and multi-screen content distribution in the home.
Financial Calendar (subject to possible changes)
Selected financial information (Consolidated IFRS data, audited)
About Netgem
Netgem provides Connected Home Entertainment Solutions to Multiservice Operators to help them solidify end-user relationships and revenue growth. With Netgem's hardware and software technologies, operators are able to develop innovative convergent services and a unique TV experience enriched by the power of internet. Netgem is present in more than fifteen countries around the world with an installed base of more than 4 million. Netgem is listed on Compartment C of NYSE Euronext Paris.
Website : www.netgem.com Twitter http://www.twitter.com/netgem/
ISIN : FR0004154060 , Reuters : ETGM.PA , Bloomberg : NTG FP
Investor contact : Charles-Henri Dutray, CFO
Tel: +33 (0) 1 55 62 55 62
Email : chd@netgem.com
Press contact : Beatriz Ledesma, Netgem Communications
Tel: +33 6 25 69 22 44
Email : ble@netgem.com
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