Doxee: Doxee narrows loss in first six months; revenues up

(Alliance News) - Doxee Spa reported Thursday that it closed the first half of the year with a loss of EUR2.4 million from a liability of EUR3.2 million in the same period a year earlier. Sales revenues amounted to EUR12.5 million, up 3.2 percent from EUR12.1 million in the first half of 2023. Production value was ERU14.0 million from EUR13.8 million as of June 30, 2023. Contribution margin stood at EUR7.5 million, up 17 percent from EUR6.4 million in H1 2023. The group recorded positive Ebitda of EUR500,000, a marked improvement from the negative EUR500,000 recorded in H1 2023. After depreciation and amortization of EUR2.5 million, largely related to investments in technology development, Ebit was negative and amounted to EUR2.0 million from a liability of EUR2.6 million in H1 2023. Doxee Group's net financial debt was approximately EUR17.0 million from EUR21.6 million as of Dec. 31, 2023. Doxee's stock closed Thursday down 2.7 percent at EUR1.80 per share. By Chiara Bruschi, Alliance News reporter Comments and questions to redazione@alliancenews.com Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.