Broadpeak, a developer of software for video streaming, disappointed investors on Tuesday evening by presenting unsurprising half-year results and confirming its targets.

The Rennes-based group reported a 12.5% increase in sales to 18.1 million euros over the first six months of the year, including 11% growth at constant exchange rates.

It claims to have benefited in particular from the very significant strengthening of its positions in APAC (Asia-Pacific), where sales rose by 176% to 3.2 million euros over the period.

Its Ebitda was -4.3 million euros, compared with -4.4 million euros a year earlier, a loss which the company attributes to the seasonality of sales (less than 40% of which are traditionally realized over the period) combined with a linear cost structure over the full year.

Net income came to -3.7 million euros at June 30, compared with -3.8 million a year earlier.

For the second half of 2023, Broadpeak says it is aiming for sales growth higher than in the first six months of the year, which should lead to an increase in Ebitda over the full year.

In the longer term, Broadpeak confirms that it is targeting sales of 100 million euros, with an Ebitda margin of 20% by 2026 (compared with 9% in 2021).

On the Paris Bourse, the share lost over 13% following this publication, posting one of the biggest falls on the Paris market by mid-morning.

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