Netgem revenues down 4% in 2012, grows internationally

Pascale Paoli-Lebailly | 18-01-2013

Connected Home solution provider Netgem has posted a consolidated revenue of €22.9 million for the quarter ending 31 December, taking the full year consolidated revenue down 4% to €81.2 million, of which nearly two-thirds came from international sales (€53 million).

The group asserts it's maintaining its objective to double international revenue between 2011 and 2014 and has taken the decision to significantly increase its research and development effort. The company says its objective is to quickly extend its range of products, particularly within the area of access and multiscreen content distribution within the household.

Supporting the deployment and penetration of its customer's offers in their respective markets has also been identified as a top priority for 2013.

In France, Netgem intends to intensify its investments in the connected TV industry and related services.

To lead these projects, Netgem has decided to evolve its corporate governance: Christophe Aulnette has become president of Netgem International and Joseph Haddad has taken over as chief executive officer. In addition, Aulnette has also been appointed as a director within Netgem's board of directors.