(Tiper Stock Exchange) – Understanding has confirmed The target price (18 euros per share) and the recommendation (Buy) on the stock Alkemya company specialized in the evolution of the business model of large and medium-sized companies and listed on Euronext STAR Milan.
Analysts said i results for the first quarter of 2023 were in line with expectations in terms of revenues and EBITDA, while below expectations regarding the bottom line, influenced by higher D&A, non-recurring costs and financial charges. The EBITDA margin decreased slightly compared to the previous year, mainly due to the growing weight of personnel costs.
Intesa now expects that Alkemy will close 2023 with revenues equal to 119 million euros (+3.5% on previous estimates), a Adjusted EBITDA equal to 13.6 million euros (+0.3%) and a Net income equal to 6 million euros (-11.2%).
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