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Berkem Group, a leading player in plant chemistry (ISIN code: FR00140069V2 – ticker: ALKEM), announces, as part of the review of its 2024 budgets, the postponement of one year of its financial objectives, initially planned for financial year 2024.
On the occasion of its IPO in 2021, the Company initially announced a turnover target of at least 65 million euros in 2024, which could be increased to at least 85 million euros in the event of completion of operations. external growth. Over the same horizon, the Group’s objective was to achieve an EBITDA margin of around 25%.
However, due to a deteriorated economic and geopolitical context since the conflict in Ukraine, the Group experienced on the one hand a general increase in its operating expenses due to inflation, and on the other hand suffered a strong slowdown in its “Construction & Materials” and “Hygiene and Protection” business lines impacted by a construction market that has been in sharp decline for several months, also linked to inflationary pressures.