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Alkemy Reports Decline in Revenue and Profitability
Alkemy reports a decline in revenue and profitability for the first nine months of 2024, attributing it to challenging market conditions and the performance of foreign subsidiaries.
- What is Alkemy's outlook for the remainder of 2024?
- Alkemy's net financial position improved to -€30 million at the end of September 2024 from -€31.8 million at the end of December 2023. The company anticipates slightly lower revenues in 2024 compared to 2023, with profitability expected to contract.
- What factors contributed to Alkemy's decreased profitability?
- The company's adjusted EBITDA decreased by 35.8% to €5.8 million due to a different sales mix, resulting in an adjusted EBITDA margin of 6.8%. Non-recurring expenses amounted to €2.3 million, largely due to extraordinary costs related to the takeover bid by Retex.
- What were Alkemy's financial results for the first nine months of 2024?
- Alkemy, a digital transformation company listed on Euronext STAR Milan, reported a 1.7% decrease in consolidated revenue to €84.5 million in the first nine months of 2024 compared to the same period in 2023. This decrease is mainly attributed to the performance of some foreign subsidiaries.
Cognitive Concepts
Framing Bias
The article frames Alkemy's financial results negatively, focusing on the decline in revenue and EBITDA. While this is factual, it could be balanced with more information on positive developments or strategic initiatives.
Language Bias
The language used is generally neutral and factual, reporting on the financial data without overt emotional language. However, the repeated emphasis on negative figures could subtly shape the reader's perception.
Bias by Omission
The article focuses heavily on the negative financial performance of Alkemy without providing much context on the broader market conditions or the company's long-term strategic goals. While it mentions "an extremely complex market moment," this isn't elaborated upon.
Sustainable Development Goals
The reported decrease in revenue and profitability directly impacts Alkemy's economic performance, affecting jobs, investments, and overall economic growth. A negative trend in a significant player in the digital transformation sector can affect the wider economy.