Netgem 4th Quarter 2014 Revenues Down 11%

Neuilly-sur-Seine, France, January 15, 2014--For the quarter ended December 31, 2014, consolidated home entertainment solutions provider Netgem announced a consolidated revenue of € 14.3 million, bringing total consolidated revenue for 2014 to € 72.5 million, down 11% compared to 2013.

Over 2014, Netgem Group's development in Europe, Latin America and Asia did not offset the termination of decoders delivery in Australia in the last quarter, as announced in early October 2014. However, the group will continue to provide software maintenance for the decoders base in Australia (currently more than 700,000).

EE TV, the latest commercial launch by the Group in the UK, received an excellent reception from the specialized press towards year-end 2014. To ensure the success of this offering in 2015, the Group builds a local team dedicated to the British market.

In 2015, the Group will continue to adjust its cost structure in light of changes in its markets while maintaining a policy of innovative R & D investment as close as possible to the needs of its customers, within its NetBox and Netgem TV activities, according to the company.