Alchimie achieves operational profitability

Photo credit © SunocciPictures

( — Alchemy achieves consolidated annual revenue for 2022 of 22 million euros, 10% higher than the objective. The company’s focus of resources on high-potential channels has paid off. This good level of activity is largely explained by the performance of the subscriber bases in France and Germany. In addition, Alchimie strengthened its positions in the FAST channel segment by signing a partnership with LG Channels.

Alchimie intends to expand its offer with the launch of new channels in France and Spain. The company recently signed agreements with FreeWheel and Goldbach, players specializing in the provision of advertising platforms in Europe, with the aim of increasing the monetization of its inventories.

Ebitda is positive by nearly 3 ME for a cash position of 6.2 ME as of December 31, 2022.

“Fiscal year 2022 was marked by a successful restructuring phase of the Company and the development of new growth drivers, the first revenues of which are expected in early 2023. We exceeded our initial revenue targets, and achieved operating profitability with an Ebitda close to 3 ME. In 2023, Alchimie will continue to diversify its offer, in particular via indirect distribution networks while remaining particularly vigilant to its cost structure”, comments Pauline Grimaldi d’Esdra, General Manager of Alchimie:

Outlook 2023

After the termination of the service on the Orange portal on January 31, 2023, Alchimie is aiming for a turnover of around 12 ME for the current financial year, generated for the most part by its subscriber bases for historical services. . Although declining, these subscriber bases will lead to the stabilization of turnover. The marketing of diversified offers will enable a return to revenue growth in 2024.

Alchimie will continue to manage its activities while maintaining rigorous management of its costs, and is aiming for a positive Ebitda at the end of 2023.

In terms of financial resources, Alchimie does not plan to call on the market given its cash position at 6.2 ME at the end of December 2022.


Source link -87