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Netgem grows revenue 12 percent in first half

Thursday 31 July 2014 | 09:27 CET | News

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French STB maker Netgem reported revenue up 12 percent to EUR 37.7 million in the first half, compared to EUR 33.6 million in the first half of 2013 as it continued its international expansion in Europe, the Asia-Pacific and Mexico. Netgem's gross profit was stable at EUR 14.9 million in the first half, compared to EUR 15 million a year earlier, reflecting a shift to a product mix favouring thin terminal clients, which are less costly for operators. A rise in expenses related to R&D, marketing efforts for the Box VideoFutur launch, reorganisation costs and provision for risks resulted in a

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Categories: Fixed
Companies: Netgem
Countries: France / World
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