(Alliance News) - The board of directors of Alkemy Spa on Wednesday approved the report

interim report as of March 31, showing a profit of EUR200,000 down 63 percent from EUR700,000 in the same period of 2023.

Revenues were EUR28.4 million up slightly from EUR28.0 million in the first quarter of 2023.

Adjusted Ebitda for the first quarter is EUR2.3 million, down 7.8% from EUR2.5 million as of March 31, 2023.

Ebit for the period amounted to EUR900,000, down 33% from EUR1.3 million in the first quarter of 2023 due mainly to higher depreciation and amortization expenses during the period as a result of investments made from the second half of 2023.

The Group's Net Financial Position as of March 31 was negative by EUR28.7 million, an improvement from the negative NFP of EUR31.8 million as of December 31, 2023, mainly due to the repayment of outstanding bank loans, as per the amortization schedules.

Alkemy's stock closed Wednesday in the red by 0.5 percent at EUR10.05 per share.

By Chiara Bruschi, Alliance News reporter

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