(AOF) – Netgem published a turnover of 35.6 million euros for the 2023 financial year, down 2% compared to 2022. The digital video entertainment platform for families generated a gross margin of 22 million euros compared to 20.1 million a year earlier. Netgem ends 2023 with a base of 677,000 netgem.tv subscribers, managed on behalf of around twenty fixed telecommunications operators in Europe, representing annual growth of 33%.
At the end of December, the group’s gross cash flow amounted to 6.6 million euros.
In terms of prospects, Netgem anticipates growth of around 10% in its recurring revenues in 2024. This growth will be supported by all of the group’s activities, in France and internationally and in particular by the prospects of gaining new operator customers thanks to new products launched in 2023 in the areas of cloud gaming and FAST channels.
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.