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BROADPEAK SA: Publication by Broadpeak of its third-quarter 2022 revenue
15 Nov 2022 17:45 CET
Issuer
BROADPEAK S.A.
BROADPEAK SA
Publication by Broadpeak of its third-quarter 2022 revenue
Cesson-Sévigné (France), 15 November 2022 Broadpeak (ISIN: FR001400AJZ7 – Ticker: ALBPK), a leading provider of video streaming software solutions, is reporting its third-quarter and 9-month 2022 revenue.
In the year to 30 September, the Group made revenue of €25.7 million, an increase of 32%, achieved entirely through organic growth. The foreign exchange effect from the appreciation of the dollar was positive at €1.7m. At constant exchange rates, business growth reached 24%. Sales were up in all geographical areas covered by Broadpeak with growth over the first nine months reaching 26% in the Americas (continent of America), 35% in EMEA (Europe, Middle East & Africa) and 59% in APAC (Asia-Pacific). The third quarter contributed fully to this positive momentum. During that period, Broadpeak registered its highest level of activity for the year, with revenue of €9.7m (+21%), after €7.7m and €8.3m respectively in the first and second quarters of 2022. This trend is in line with the highly seasonal nature of its activity, which is traditionally higher in the second half of the year. In terms of the revenue mix, the third quarter was also in line with expectations, with a very positive trend in licence and service revenues, which more than doubled, and in maintenance and SaaS revenues. The contribution from equipment sales (servers, routers and storage systems), which had been exceptionally high in the first half of 2022, returned to a more normative level, representing 24.1% of the Group's total revenue in the third quarter. These positive changes in the sales mix are expected to be confirmed in the fourth quarter. They will fuel the sharp increase in gross margin expected in the second half of 2022, compared with the level seen in the first half of the year (70.6%).
Financial targets confirmed for 2022 and beyond
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CONTACTS
Broadpeak, S.A. - Zone des champs blancs, 15 rue Claude Chappe, 35510 Cesson-Sévigné, France VAT Number FR49 524 473 063 - SIREN 524 473 063 00054 with a share capital of 249,825 euros Tel: +33 (0) 2 22 74 03 50
About Broadpeak Since its creation, Broadpeak has grown with a sole purpose in mind: to roll out software solutions worldwide streaming content that people love with a compelling quality of experience. These solutions target the world's leading players, including large TV and telecom operators and global broadcasting platforms (OTTs), as well as new media in the corporate, sports and entertainment segments. At the end of 2021, Broadpeak had 125 customers across 50 countries, representing 200 million spectators worldwide These include leading players such as Bouygues Telecom, Orange, Telecom Italia, Deutsche Telekom, HBO, Mola TV, StarHub TV+ and Megacableò. Broadpeak has more than 240 employees in 21 countries. The company is mainly based in France (head office in Cesson Sévigné near Rennes) but is also present in the United States (Denver), Canada (Ottawa), Brazil (Sao Paulo), Singapore and Dubai. In 2021, Broadpeak generated nearly 90% of its revenue outside France. Since 2015, it has generated average annual growth of around 40%. The company delivered a very strong year in 2021 with revenue increasing by 38% to €33.1m and EBITDA totalling nearly €3m, representing 9% of revenue. Broadpeak grew its revenue 40% to €7.7m in first-quarter 2022. The company aims to top the mark of €100m in annual revenue in 2026, over three times higher than in 2021, with an EBITDA margin of over 20%.
249 825 Regulatory filing PDF file File: Publication by Broadpeak of its third-quarter 2022 revenue |
Language: | English |
Company: | BROADPEAK SA |
15 rue Claude Chappe | |
35510 CESSON SEVIGNE | |
France | |
Phone: | 02 22 74 03 50 |
Internet: | https://broadpeak.tv/ |
ISIN: | FR001400AJZ7 |
Euronext Ticker: | ALBPK |
AMF Category: | Additional regulated information to be pubicly disclosed under the legislation of a Member State / Third quarter financial report |
EQS News ID: | 1488541 |
End of Announcement | EQS News Service |
1488541 15-Nov-2022 CET/CEST
Source
BROADPEAK SA
Provider
EQS Group
Company Name
BROADPEAK
ISIN
FR001400AJZ7
Symbol
ALBPK
Market
Euronext Growth