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Netgem wants to strengthen Videofutur business as STB sales continue to fall in Q4

Friday 25 January 2019 | 15:37 CET | News
Netgem has reported consolidated revenues of EUR 10.8 million for the fourth quarter, down 34 percent year-on-year (-36% in Q3). Net revenues (gross sales minus cost of hardware sold) contracted by 33 percent to EUR 4.7 million. In response to the ongoing slowdown of its set-top box (STB) business, the company has unveiled a strategic plan that will be submitted to shareholders at the next annual general meeting, on 14 May. Under this plan, Netgem intends to move its cloud-based multi-screen platform and digital recording business to Videofutur, the brand of fibre ISP Vitis in which Netgem

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Categories: Internet
Companies: Netgem / Videofutur / Vitis
Countries: France / World
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