Elixirr International shares rise as eyes to beat market expectations

(Alliance News) - Elixirr International PLC on Tuesday said it anticipates to announce revenue and earnings that beat market expectations, with momentum continuing into the new year.

The London-based business consultancy said its expects to report 2024 revenue higher than GBP111 million, beating the market expectation which has a range of GBP108 million to GBP111 million, and up from GBP85.9 million in 2023.

It expects adjusted earnings before interest, tax, depreciation and amortisation of around GBP31 million for 2024, up 22% from GBP25.4 million in 2023.

Elixirr anticipates an adjusted Ebitda margin of around 28% for 2024, in the middle of the guidance range of 27% to 29% and down from 30% in 2023.

"Momentum has continued into 2025 with record revenue for January," the firm said.

It expects to release 2024 results on April 28.

Elixirr shares rose 5.8% to 818.75 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

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