The French set-top box company Netgem has reaffirmed its objective to double international sales between 2011 and 2014 following the publication of its latest set of results.
These show that the company had consolidated revenues of €38.2 million in the first half of this year, a 12% fall on the same period in 2011 and reflecting a decrease of 33% in the French market.
However, the international segment rose by 15% over the same period. Netgem’s consolidated net profit in H1 meanwhile amounted to €3.5 million.
Commenting on its strategy and outlook, Netgem says: The connected television market continues to show high growth potential globally. Connected television technologies enable operators to deploy new innovative services, with a better control over investments compared to the first-generation of IPTV solutions. Netgem demonstrates a proven know-how for these new OTT solutions”.
It adds that it “enjoys a healthy financial position and continues to evaluate new growth opportunities. The recent acquisition of PlugnSurf (announced on June 18, 2012) fits into this strategy”.