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Broadband

Netgem posts revenues of EUR 15.4 mln in H1, expects sequential growth in H2

Monday 3 August 2020 | 13:56 CET | News
Netgem generated revenues of EUR 15.4 million in the six months to June, compared with EUR 13.1 million in the year-earlier period. The increase reflects the consolidation of ISP subsidiary Vitis into Netgem's financial results, representing EUR 8.3 million worth of revenues. The company is guiding for sequential growth in the second half of the year, when the group should also benefit from the first positive consolidation effects expected from its improving fixed cost structure.

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Categories: Internet
Companies: Netgem
Countries: Europe / France
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