Alchimie Has Successfully Completed the First Phase of Its Transition and Announces 2022 Sales of €22 Million and the Achievement of Operational Profitability
January 31 2023 - 10:45AM
Business Wire
- 2022 sales amount to €22 million, 10% above target
- Positive EBITDA of nearly €3 million
- Cash position of €6.2 million as of December, 31
2022
Regulatory News:
ALCHIMIE (FR0014000JX7 - ALCHI - PEA-PME eligible)
(Paris:ALCHI), a video streaming platform also dedicated to the
creation of subscription video on demand (SVoD) or financed by
advertising (FAST1) for brands and companies as well as the general
public, announces its consolidated annual sales2.
Pauline Grimaldi d'Esdra, CEO of Alchimie, comments: "The
2022 fiscal year can be characterized by a successful phase of
restructuring of the Company and the development of new growth
drivers, which we expect to start generating revenues in early
2023. We have outperformed our initial sales targets and achieved
operational profitability with an EBITDA close to €3 million. In
2023, Alchimie will continue to diversify its offer, namely through
indirect distribution networks, while remaining particularly
cautious about its cost structure”.
The concentration of the Company's resources on high-potential
channels has been successful, allowing Alchimie to exceed its sales
target of €20 million. This positive level of activity can be
mainly explained by the performance of the subscriber bases in
France and Germany.
Continued development of diversified offerings
The year 2022 is marked by the development of the Company's
BtoBtoC activities with the signing of contracts at the end of
2022, which should generate the first incomes in the coming months.
Alchimie now provides its video platform offer to brands such as
Decathlon (launch of the Sportunivers.tv channel based on
Sport, Well-being and Discovery topics), Dekuple (launch of
the channel specializing in Edutainment, Humanity Junior, a
continuation of Humanity), or even Système U with the launch
of 17 channels in the Alchimie portfolio about Science, Passions,
History and Nature.
Besides, Alchimie has strengthened its position in the FAST
channels segment thanks to the signing of a partnership with LG
Channels. Likewise, its collaboration with Samsung TV Plus, several
million LG Smart TV users based in Germany, the United Kingdom,
France, Spain and Italy have free access to 23 channels edited by
Alchimie. Alchimie will expand its offering in this market with the
launch of new channels in France and Spain. The Company has
recently signed agreements with FreeWheel and Goldbach, players
specialized in the supply of advertising platforms in Europe, with
the aim of increasing the monetization of its content
catalogue.
Finally, the development of the channel publishing offer for
brands should demonstrate its potential over course of the first
half of the year in an uncertain global economic context.
2023 Strategy and Outlook
After the end of the service on Orange Portal on January 31,
2023, Alchimie aims to generate sales of approximately €12 million
for the current fiscal year, generated mainly by its historical
service subscriber bases.
Although declining, these subscriber bases will contribute to
the stabilization of the Company’s sales. The marketing of
diversified offers will enable the return to sales growth in
2024.
Indeed, the Company intends to accelerate the marketing of the
functionalities of its video hosting and streaming platform to meet
the challenges of corporate communication (internal and external),
customer experience extension, loyalty and information.
The Company will continue to manage its activities by
maintaining rigorous cost management and is targeting a positive
EBITDA at the end of 2023.
Regarding financial resources, Alchimie does not plan to call on
the market given its cash position of €6.2 million at the end of
December 2022.
***
Next financial release: 2022 annual results, on April 25,
2023 after market close
About Alchimie
Alchimie is a unique video streaming platform, which allows
companies and designers to create their own video channel. Alchimie
has a video content catalog established among 300 renowned partners
(Arte, France TV distribution, ZDF Entreprises or Zed). Alchimie
partners with talents (celebrities, influencers), brands and media
groups to create new channels (The Big Issue, Army Stories, Poisson
Fécond, Vaughan, Scène de Crime, Point de Vue) which are then
distributed on more than 20 distribution platforms (TVPlayer,
Amazon, Movistar, Samsung, LG, etc.) constantly expanding its
audience and consequently its revenues.
For more information: www.alchimie-finance.com /
www.alchimie.com
1 FAST: Free Ad-supported Streaming TV, linear OTT channels
financed by advertising 2 Data in line with the Company's
accounting policies, unchanged from fiscal year 2021; 2022 figures
are unaudited.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230131005822/en/
Alchimie Stéphane Taillefer CFO
investors@alchimie.com
NewCap Thomas Grojean/Louis-Victor Delouvrier Investor
Relations alchimie@newcap.eu 01 44 71 94 94
NewCap Nicolas Merigeau Media Relations
alchimie@newcap.eu 01 44 71 94 94
Alchimie (EU:ALCHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Alchimie (EU:ALCHI)
Historical Stock Chart
From Jul 2023 to Jul 2024