Last checked at 16 Jun 2021 07:00
ELIXIRR INTERNATIONAL PLC
("Elixirr", the "Company" or the "Group")
AGM Statement
Elixirr International plc, an established, global award-winning challenger consultancy, today issues a trading update ahead of its Annual General Meeting to be held later today.
Trading in the five months ended 31 May 2021 has been strong with revenue increasing by more than 75% (including the impact of the acquisition of Coast Digital Limited and The Retearn Group Limited) compared with the same period in 2020. Consequently the Board now expects revenue and Adjusted EBITDA for the year ending 31 December 2021 to be towards the upper end of the range previously indicated to the market, i.e. revenue in the upper range of £44-47 million with an Adjusted EBITDA margin of approximately 29%.
The Board looks forward to providing a more detailed update, including on its expectations for the full year, to shareholders in September 2021 with its half year results.
For further information, please contact:
Elixirr International plc Stephen Newton, CEO Graham Busby, CFO
Public and Investor Relations contacts: Caroline Pitt
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investor-relations@elixirr.com
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finnCap Ltd (Nominated Adviser & Sole Broker) Christopher Raggett, Simon Hicks, Kate Bannatyne (Corporate Finance) Alice Lane, Sunila De Silva (ECM)
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+44 (0)20 7220 0500 |
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About Elixirr International plc
Elixirr is an established global award-winning management consultancy, challenging the larger consultancies by delivering innovative and bespoke solutions to a repeat, globally-recognised client base.
Elixirr was founded in 2009, by Stephen Newton, Graham Busby, Ian Ferguson, Andy Curtis and Mark Goodyear, experienced business advisors who identified a market opportunity to provide bespoke, personal services as a 'challenger' to the traditional consultancy businesses in the market. Elixirr guides its clients to overcome challenges such as: future-proofing against technological disruption; development and roll-out of new propositions, products and services; incubating new businesses; navigating a more complex and multinational regulatory environment; and project management and implementation of major change programmes.