(Alliance News) - Alkemy Spa reported Thursday that it ended 2023 with revenues of EUR119.2 million, up 12 percent from EUR106.6 million in 2022, mainly due to the expansion of the scope and organic growth of the group.

Ebitda rose to EUR13.1 million from EUR11.8 million, with margin unchanged at 11.0%, while operating income fell to EUR6.9 million from EUR7.5 million, due to higher depreciation and investment last year.

Pre-tax income fell to EUR4.8 million from EUR7.1 million and net income fell to EUR3.55 million from EUR5.6 million.

Net financial position improved by EUR2.4 million to an engative figure of EUR31.8 million as of Dec. 31, 2023, due to a decline in put option payables and growth in cash and cash equivalents.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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