Anevia's revenue amounted to EUR12.6 million in 2017, a 9% increase compared to
2016. Since 2015, Anevia has posted annual average growth (CAGR) in revenue of
ACCELERATION OF GROWTH IN TELECOM BUSINESS IN H2 2017: +53%
The strong performance posted in the first half by the Telecom business
accelerated in the second half with a +53% growth in revenue for the period. In
total, the Telecom business was up +37% to EUR9.5 million in 2017 - a
particularly strong performance given that Anevia had already achieved
double-digit growth in 2016.
Business was very strong in the second half of the year, marked by new
contracts with several leading operators internationally, in the United States,
Europe and Asia. Capitalizing on the success of the project deployed for
Cablevisión Argentina, Anevia also signed with two new operators to deploy its
solutions in several countries in South America.
The period also saw the signing of new project extensions under multi-year
contracts with existing customers who wish to remain partners during their
transition to OTT.
RENEWED SALES MOMENTUM FOR THE ENTERPRISE BUSINESS
In the second half of the year, Anevia reported a stabilization of revenues for
the Enterprise business compared to the first half.
The second half was characterized by the strategic recruitment of Ivonne
Prugnaud as VP Sales Worldwide Enterprise, to revive business momentum with her
experience in the software industry, particularly within the Hoist group, and
with her understanding of the challenges and needs of end customers. The
initial effects of this addition to the company were felt as early as the
fourth quarter, with good momentum compared to the third quarter.
Additionally, at the end of the year Anevia signed the deployment of its
head-end Flamingo in several 5* luxury hotels and palaces in Paris and on the
All things considered, although the Enterprise business was down over the year,
the steps taken at the end of the year should positively impact business in
CASH POSITION AT DECEMBER 31, 2017
At December 31, 2017, Anevia had EUR2.3 million in cash compared with EUR2.09
million at December 31, 2016. Cash includes funds raised through the capital
increase with preferential subscription rights, which was carried out in
February for an amount, net of costs, of close to EUR1.9 million. Cash also
includes a EUR0.5 million BPI loan and the repayment of the 2016 research tax
credit of EUR0.56 million, recorded in December.
Financial liabilities at December 31, 2017 stood at EUR3.2 million compared
with EUR3.03 million at December 31, 2016.
Next publication: March 28, 2018, results for the 2017 financial year
Anevia is a leading OTT and IPTV software vendor that specialises in delivering
innovative solutions for live TV, near-live, video on demand (VOD) and
multi-screen. Anevia was founded in 2003 by the developers of the well-known
VLC media player, and since then the company has pioneered unique solutions
across several fields, including cloud DVR and multi-screen. Anevia's mission
is to deliver innovative technologies that enable viewers to enjoy a
next-generation TV experience - wherever, whenever and on every screen.
Anevia's solutions have been adopted by globally-renowned TV broadcasters,
telecommunication and pay-TV operators, video service providers and many
private and public companies. Anevia is headquartered in France, with regional
offices in the USA and Dubai. Anevia is listed on the Paris Euronext Growth
market. For more information please visit www.anevia.com.
Sabine de Leissègues
Marketing & Communication Director
Tel: +33 1 81 94 50 95