International sales compensate domestic revenue drop for Netgem

French set-top manufacturer Netgem has posted revenues of €32.9m for the quarter to September, up 7% year-on-year.

Sales in France amounted to €12.6m, down 57%, but international sales climbed to €20.3m, a 14-fold increase on the previous year.

Netgem said that 2010 full-year revenues should be close to the figure for 2009, with international revenues representing 30% of the total, as opposed to 4% in 2009.