Kerlink joins Tech40 list of best-performing tech SMEs traded on Euronext markets
April 23, 2018
The listing, which recognizes the best-performing tech SMEs on Euronext markets in Amsterdam, Brussels, Lisbon and Paris, is based on companies’ business, financial and stock market performance. Since 2015, the 75 companies on the Tech40 have raised €2bn in capital increases, demonstrating their visibility and appeal among institutional investors.
The growing role of the Tech40 label is reflected in investors’ interest in the secondary markets, with Tech40 companies enjoying stronger liquidity upon joining the Tech40 index (+56 percent on average).
Kerlink has been listed on Euronext Growth Paris since its initial public offering in May 2016, and was added to the EnterNext PEA-PME 150, an index of 150 fast-growing French SMEs, in 2017. In 2017, Kerlink Group generated revenues of nearly €25 million, and has posted average annual growth of more than 62 percent.
“The Tech40 is good company to be in, because it validates not only the members’ financial performance, but also the appeal of their publicly traded shares. Kerlink’s broadening portfolio of IoT services, coupled with our industry-leading hardware, supports the company’s goal of playing a growing role in implementing LoRaWANTM networks globally and bringing the benefits of the Internet of Things to as many users as possible.”
Robert Clatham, Kerlink Deputy CEO