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ALNTG - Netgem SA News Story

€1.68 0.1  3.4%

Last Trade - 12:30pm

Sector
Technology
Size
Micro Cap
Market Cap £40.0m
Enterprise Value £38.7m
Revenue £25.1m
Position in Universe 630th / 845

BRIEF-Netgem Q1 Consolidated Net Revenue Up At 6.8 Million Euros

Thu 14th May, 2020 6:55am
May 14 (Reuters) - NETGEM SA  ETGM.PA :
    * SUSTAINED ACTIVITY IN THE 1ST QUARTER OF 2020
    * GOOD RESILIENCE TO THE COVID-19 CRISIS
    * Q1 NET REVENUE, WHICH IS UP 106% COMPARED TO Q1 2019,
TAKES INTO
ACCOUNT THE CONSOLIDATION OF VITIS IN LINE WITH THE NEW GROWTH
STRATEGY FOCUSED ON THE BUSINESS OF VERY HIGH SPEED INTERNET
ACCESS PROVIDER
    * GROUP’S BOARD OF DIRECTORS PROPOSAL TO SUSPEND THE 2020
DIVIDEND
FOR THE 2019 FINANCIAL YEAR
    * GROUP HAD SOLID CASH POSITION OF € 11 MILLION AT END OF
MARCH
2020, AND REMAINS CONFIDENT ABOUT ITS ANNUAL OUTLOOK, WITH 75%
OF RECURRING SERVICE REVENUES
    * HOLDS THE NECESSARY ASSETS TO EMERGE STRONGER FROM THIS
ECONOMIC
AND HEALTH CRISIS
    * Q1 CONSOLIDATED NET REVENUE EUR 6.8 MILLION VERSUS EUR 3.3
MILLION YEAR AGO
    * GROWTH IN TURNOVER IN Q1 ILLUSTRATES RESILIENT NATURE OF
OUR
ACTIVITY AND RELEVANCE OF OUR POSITIONING ON VERY HIGH SPEED
INTERNET ACCESS AND ENTERTAINMENT MARKET
    * SUSPENDED 2020 DIVIDEND FOR 2019 FINANCIAL YEAR
    * TEMPORARY DROP IN THE CEO’S COMPENSATION DURING THE PERIOD
OF
PARTIAL UNEMPLOYMENT OF PART OF THE EMPLOYEES
    * HOLDS THE NECESSARY ASSETS TO EMERGE STRONGER FROM THIS
ECONOMIC
AND HEALTH CRISIS BECAUSE OF ITS AGILE ORGANIZATION AND ITS
MARKET POSITIONING

Source text: https://bit.ly/2yUv9jW
Further company coverage:  ETGM.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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