Elixirr International (ELIX)

Sector:

Support

Index:

FTSE AIM 100

565.00p
   
  • Change Today:
    -17.50p
  • 52 Week High: 630.00
  • 52 Week Low: 420.00
  • Currency: UK Pounds
  • Shares Issued: 47.27m
  • Volume: 53,810
  • Market Cap: £267.09m
  • RiskGrade: 251

Elixirr raises expectations again after strong first half

By Josh White

Date: Monday 27 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Business management consultancy Elixirr International reported a 77% increase in revenue in its first half on Monday to £24m, with record revenue reported for five of the six months in the period.
The AIM-traded firm said it saw "strong" organic revenue growth of 45% in the six months ended 30 June, including growth of over 100% in its United States business, and material contributions from the two acquisitions it had made in the second half of 2020 and the first half of 2021.

Adjusted EBITDA grew by 78% year-on-year to £8.1m, as the company maintained its "strong track record" of profitability, with an adjusted EBITDA margin of 33.8%.

Profit before tax rocketed 145% year-on-year to £6.4m, as the board described the balance sheet as "robust and healthy", with net cash totalling £21.1m, and nil debt.

It said it had a "strong" pipeline for the remainder of the year, leading to its second upgrade in expectations for 2021 to between £47m and £50m of revenue, with an adjusted EBITDA margin in the 30% to 32% range.

"After a hugely successful 2020 supported by our admission to the AIM market of the London Stock Exchange, I am delighted with our progress in the first six months of 2021," said chief executive officer Stephen Newton.

"We have continued to demonstrate a proven growth formula that positions us very strongly in a competitive market - highlighted by our strong financial results.

"Our clients remain at the core of what we do, and we are uncompromising in the service we provide to them as we continue to help them navigate their toughest business challenges - something that truly differentiates us in the consulting market."

Newton said the progress across the "four pillars" of the firm's growth strategy was strong in the first half, with a "particular highlight" being its US growth, which was a key market for the business.

"Our inorganic growth has also been immensely successful as we have continued to prove the significance of our unique 'house of brands' model, which continues to be value enhancing across the entire spectrum of our business.

"Overall, our growing team across the globe from entry level, through to partner grade has never been more aligned with the vision of the company."

At 1011 BST, shares in Elixirr International were up 16.59% at 612.1p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ELIX Market Data

Currency UK Pounds
Share Price 565.00p
Change Today -17.50p
% Change -3.00 %
52 Week High 630.00
52 Week Low 420.00
Volume 53,810
Shares Issued 47.27m
Market Cap £267.09m
RiskGrade 251

ELIX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.58% below the market average79.58% below the market average79.58% below the market average79.58% below the market average79.58% below the market average
64.44% below the sector average64.44% below the sector average64.44% below the sector average64.44% below the sector average64.44% below the sector average
Price Trend
42.74% above the market average42.74% above the market average42.74% above the market average42.74% above the market average42.74% above the market average
22.77% above the sector average22.77% above the sector average22.77% above the sector average22.77% above the sector average22.77% above the sector average
Income
7.07% below the market average7.07% below the market average7.07% below the market average7.07% below the market average7.07% below the market average
32.31% below the sector average32.31% below the sector average32.31% below the sector average32.31% below the sector average32.31% below the sector average
Growth
89.65% above the market average89.65% above the market average89.65% above the market average89.65% above the market average89.65% above the market average
92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average

ELIX Dividends

  Latest Previous
  Interim Final
Ex-Div 18-Jan-24 20-Jul-23
Paid 15-Feb-24 18-Aug-23
Amount 5.30p 10.80p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 4,273 @ 565.00p
16:35 273 @ 565.00p
16:35 4,000 @ 565.00p
16:23 1 @ 565.00p
15:51 750 @ 572.60p

ELIX Key Personnel

CEO Stephen Alexander Newton
CFO Graham Edward Busby

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