Netgem 2024 mid-annual review: increase in recurring revenue and improvement in profitability

Paris, July 31, 2024. The Netgem Board of Directors approved the accounts for the first half of 2024. Mathias Hautefort, Managing Director, highlights the improvement in the company's main economic indicators.

Recurring turnover reached 11.7 million euros, up 16% compared to 2023. However, total turnover decreased by 8% due to the end of hardware activities. The gross margin increased by 17%, reaching 70% of turnover.

Controlled operating costs, including restructuring charges, allowed an increase in EBITDA of 5%, reaching 4 million euros. Net income, group share, increases from -0.1 million euros in 2023 to 0.8 million euros in 2024.