- 411,000 subscribers on the finish of June 2022, the results of the deployment of NetgemTV provides with telecom operators and video service suppliers.
- This stage of exercise, mixed with good management of prices and buyer margins regardless of the present inflationary context, is mirrored within the development in turnover (+11%), gross margin (+7%) and EBITDA (+60%) in comparison with 2021.
- In the UK, industrial launch of TalkTalk TV+ powered by Netgem , with the primary integration of the Tik Tok social community.
- In France, launch of Gaumont Classique and strengthening of the partnership with the Oceinde group with a view to offering ZeopTV powered by Netgem to its Very HighSpeed subscribers.
Paris, July 29, 2022
On July 28, 2022, Netgem’s Board of Administrators accepted the accounts for the primary half of 2022.
For Mathias Hautefort, CEO of Netgem, “Our Content material-as-a-service technique is paying off, semester after semester. All of the monetary indicators are rising, such because the variety of our partnerships with operators and writer. We affirm the target of half 1,000,000 subscribers in 2022.”
Exercise and Outlook
On the French market, the group signed an settlement strengthening its partnership with the Reunionese operator Zeop. From the 4th quarter of 2022, the Netgem group will function underneath the model ZeopTV powered by Netgem the tv provides supposed for Zeop’s 100,000 Very Excessive Pace ??subscribers. This settlement initially covers Reunion Island and is meant to increase to different territories within the Indian Ocean. Because of the synergies, this settlement will contribute to the Group as quickly as 2023.
This partnership illustrates Netgem’s means to take over the administration of present buyer bases, opening up prospects for different related operations in Europe.
In France, the Group has recognized the marketplace for video service suppliers as an space of ??improvement complementary to that of service to telecom operators. Its industrial conquest efforts have yielded preliminary outcomes with new reference clients equivalent to Gaumont Classique launched in Could 2022, and it’s finding out numerous choices for accelerating on this sector by way of natural or strategic development.
Within the Nordic area, deliveries to the operator Elisa for its Premium provide Elisa Viidhe in Finland will stay sturdy all year long.
In the UK, the Group anticipates an acceleration of the deployment of TalkTalk TV powered by Netgem, due to the opening of latest distribution channels and the advance of the content material provide with the launch of NowTV.
In these situations, Netgem is ready to affirm its goal of half 1,000,000 subscribers to its companies by the tip of 2022, resulting in the advance of its key monetary indicators.
The Group is little impacted by the Russo-Ukrainian battle. Within the world inflationary context which has repercussions on inner prices and the rise in sure transport prices, in addition to the damaging results of the greenback/euro parity, it has taken a collection of pricing measures with its clients. It additionally anticipated the acquisition of part shares to safe its provides for the entire of 2022 and the primary half of 2023, with an upward impression on the working capital requirement over the previous half-year.
Outcomes for the first half of 2022
in million of euros
|2022 S1||2021 S1||CHANGE|
|Present working earnings||(1.three)||(2.2)||+41%|
in million of euros
|2022 S1||2021 S1|
Rising subscriber base and income; enchancment in profitability
The entire variety of subscribers to the group’s companies stood at 411,000 on the finish of the previous half-year, up by 48,000 within the first half of 2022 and by 91,000 in comparison with the tip of June 2021, i.e. a rise of 28 % over a full yr.
Income for the primary half of 2022 was €16.three million (H1 2021: €14.7 million), a rise of 11% in comparison with the identical interval in 2021. This development is mirrored in a 7% improve in gross margin to €9.6 million. In comparison with the second half of 2021, the change is extra marked for each income (+20%) and gross margin (+12%) attributable to a powerful rebound in exercise initially of 2022.
Because of the management of working prices, this semester is mirrored in a 60% development in EBITDA, which stands at €three.2 million (H1 2021: €2.zero million).
Present working earnings amounted to €(1.three) million (H1 2021: €(2.2) million). The latter stays impacted by the depreciation of belongings recognized as a part of the entry of Vitis into the consolidated scope, most of which ends in 2022, in addition to the depreciation of apparatus supplied to new subscribers. Web earnings Group share additionally improved and amounted to €(zero.5) million in comparison with €(1) million for the primary half of 2021.
Money flows for the first half of 2022
in million of euros (unaudited)
|2022 S1||2021 S1|
|Money Stream from working actions (A) www.actusnews.com||three,three||three,three|
Money circulation earlier than tax cost
|Discount (improve) in WCR||zero,three||1,6|
|Money Stream from investments (B)||(three,6)||(three,6)|
|Working Money Stream (A+B) www.actusnews.com||(zero,three)||(zero,2)|
|Money Stream from financing (C) www.actusnews.com||(1,zero)||(2,three)|
|Web buy of treasury shares||zero,2||–|
|Issuance/Redemption of borrowings and monetary debt||(zero,three)||(2,four)|
|Web change in money (A+B+C)||(1,three)||(2,6)|
www.actusnews.com earlier than IFRS 16 impression
The Group’s exercise generated €three.three million in money within the first half of 2022 as in 2021 over the identical interval, regardless of the impression of a €1 million money advance made for the cost of parts in an effort to safe deliveries within the third quarter of 2022. Money circulation from investments amounting to €three.6 million primarily embody capitalized gear because of the development within the subscriber base. Money circulation from financing primarily displays the cost of the annual dividend in June 2022.
Fairness and debt, internet money
in million of euros
|Fairness and debt|
|Fairness, Group share||23,zero||24,zero|
|Present and non-current monetary liabilities||1,7||2,zero|
|B- Present monetary liabilities||1,6||1,eight|
|C- Present internet money (A) – (B)||three,6||four,6|
|D- Non-current monetary liabilities||zero,2||zero,2|
|E- Web money (C)-(D) earlier than IFRS 16 impression||three,four||four,four|
|F- IFRS 16 commonplace impression||zero,2||zero,four|
|G- Web money (E)-(F)||three,2||four,zero|
At June 30 2022, gross money stood at €5.1 million and internet money at €three.2 million.
Monetary communication calendar
- Buying and selling replace Thursday October 20, 2022, earlier than market
|Traders and Analysts Relations
With greater than 25 years of expertise within the digital leisure market, Netgem has gained recognition from the most important worldwide publishers for the safe distribution of their digital content material and has the know-how and legitimacy to function companies for main distributors equivalent to telecommunications operators.
Netgem provides its clients, gamers in digital video leisure, companies enabling them to reinforce the worth of their intangible belongings (content material, model and clients).
These companies are based mostly on the proprietary NetgemTV software program platform. They permit the whole “end-to-end” administration of the streaming video and tv provide accessible from all screens. On this, they reply to the Over The Prime evolution of shopper utilization.
Netgem deploys NetgemTV in response to a B2B mannequin operated within the cloud “as-a-Service”. This mannequin doesn’t require funding in infrastructure and generates recurring income over time, listed to the variety of finish lively subscribers.
Netgem is listed on Euronext Progress.
(ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: ALNTG FP)
 consists of any end-user subscriber of the companies of the Netgem platform, topic to invoicing, both not directly (B2B and B2B2C modes), which is the principle axis of improvement of the group, or straight (B2C mode).
 after taking into consideration minority pursuits (Caisse des Dépôts and Groupe Océinde) within the French subsidiary Vitis, 55% owned by Netgem as of June 30, 2022
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