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  ATEME company press release from 05/11/2018

  05/11/2018 - 18:00

THIRD QUARTER REVENUES 2018


  • THIRD QUARTER REVENUES UP 37%
  • IMROVED PRODUCT MIX LEADING TO MARGIN RECOVERY IN H2
  • MEDIUM TERM FINANCIAL OBJECTIVES CONFIRMED
Revenue in € thousands 2017 2018 Change
First Half 20,937 23,236 +11%
Third Quarter 11,108 15,169 +37%
Nine Months 32,045 38,404 +20%

 

Revenue in € thousands 9M 2017 9M 2018 Change
EMEA 11,705 12,598 +8%
USA / Canada 10,109 15,383 +52%
Latin America 6,012 4,477 -26%
Asia Pacific 4,219 5,946 +41%
TOTAL 32,045 38,404 +20%

Q3 figures are unaudited. H1 figures underwent a limited review by auditors.


Paris, November 5, 2018 - ATEME (ISIN: FR0011992700), the emerging leader in video delivery infrastructure, generated revenues of €15.2 million for the Third Quarter of 2018, up by 35.5% at constant exchange rates and by 36.6% on a reported basis.

Revenues for the First Nine Months stood at €38.4 million, up by 24% (vs + 17% at end of June) at constant exchange rates and by 20% on a reported basis, driven notably by a robust performance in North America and Asia Pacific.

  • Revenues rose by 52% in the USA/Canada region, representing 40% of the group total, while the EMEA revenues are now contributing to 33% of the group total with an 8% year-to-date increase;
  • Revenues rose by 41% in Asia Pacific;
  • Revenues in Latin America decreased by 26%, still reflecting the reference base, with 171% growth over the first nine months of 2017.


Outlook

In the Third Quarter, ATEME delivered superior growth with a more favorable product mix than in the First Half. The same mix is expected in Q4, confirming the rebound in TITAN software sales and leading to a recovery in margins in the Second Half.


Michel Artières, CEO and President of ATEME, commented: "The first nine months of 2018 have been very positive in establishing ATEME's reputation as a supplier to the world's largest media and video distribution platforms. This is translating into a fast-growing volume of identified future revenues streams. This potential business is more concentrated on fewer and larger deals, which should contribute to creating a higher portion of recurring and predictable revenues over the longer term”.



Next publication:

January 31st, 2019: Full Year 2018 revenues


About ATEME: the emerging leader of video delivery infrastructure, servicing the world greatest content and service providers.

ATEME was founded in 1991 as a design house with a focus on video processing. In the 2000s, ATEME specialized in video compression and shortly afterwards introduced a complete video delivery solution. In 2014 ATEME announced its initial public offering at Euronext Paris.

ATEME has and will continue to transform video delivery. ATEME was the first to market with a 10-bit 4:2:2 solution, the first production ready HEVC & HDR, and recently, the first true video delivery NFV software solution, designed to lead and win the service providers transition to video datacenter. To complement our cutting-edge technology, ATEME has partnered with leaders such as Intel, Apple and Microsoft to create the best in class video delivery solutions.

ATEME is a leading member of forums, and organizations, such as the DVB and SMPTE. ATEME actively participated at the ITU in the standardization of HEVC in 2013. In June 2014 ATEME joined the Alliance for Open Media to help develop the AV1 open and royalty-free video codec.

ATEME headquarters are Vélizy-Paris, with worldwide support and R&D offices in Rennes, Denver, Sao-Paulo and Singapore. With a commercial presence in 14 countries, ATEME is 220 employees strong, including 100 of the world finest R&D video experts. In 2017 ATEME served close to 350 clients worldwide, generated 30% of year on year growth with revenues of €48.6 million, 91% of which was from overseas, and 8% net profit.

Name: ATEME - ISIN Code: FR0011992700 - Ticker: ATEME - Compartment: B

ATEME INVESTOR RELATIONS PRESS RELATIONS
  Michel Artières 
President and CEO
Caroline Lesage
Tel: +33 (0)1 53 67 36 79
ateme@actus.fr
Anne-Catherine Bonjour
Tel: +33 (0)1 53 67 36 93
acbonjour@actus.fr
       


DISCLAIMER

This press release does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer to buy any securities of ATEME, nor should it, or any part of it, form the basis of or be relied on in connection with any contract or commitment whatsoever concerning ATEME's assets, activities or shares.

All statements other than historical facts included in this presentation, including without limitations, those regarding ATEMEs' position, business strategy, plans and objectives are forward-looking statements.

The forward-looking statements included herein are for illustrative purposes only and are based on management's current views and assumptions. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to impact of external events on customers and suppliers; the effects of competing technologies competition generally in main markets; profitability of the expansion strategy; litigation; ability to establish and maintain strategic relationships in major businesses; and the effect of future acquisitions and investments.

ATEME expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this presentation to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based, unless so required by applicable law. These materials are supplied to you solely for your information and may not be copied or distributed to any other person (whether in or outside your organization) or published, in whole or in part, for any purpose.