Netgem, a connected home solutions provider, yesterday unveiled its third quarter 2011 revenue.
For the quarter ended September 30, 2011, Netgem announces a consolidated turnover of 16.2 million euros. This represents a decrease of 51% compared to the same period in 2010. This figure brings the consolidated turnover for the first 9 months of 2011 to 59.4 million euros, of which nearly 51% was generated internationally .
France sales reached 29.0 million euros over the first 9 months of the year, down 61% compared to the comparable period of 2010. Netgem explains again this decline, recalling that the current operating income for the first half of 2010 included the exceptional income related to the transfer of license rights to SFR.
International turnover reached 30.4 million euros over the first 9 months of the year, a slight decrease of 7% compared to 2010. This fall would be linked to the delay of certain deliveries towards the fourth. trimester.
In addition, Netgem announces the launch of an IPTV offer with P&T Luxembourg, a major telecommunications operator in Luxembourg.