Elixirr International (ELIX)

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Index:

FTSE AIM 100

568.57p
   
  • Change Today:
    -5.43p
  • 52 Week High: 632.00
  • 52 Week Low: 420.00
  • Currency: UK Pounds
  • Shares Issued: 47.27m
  • Volume: 10,316
  • Market Cap: £268.78m
  • RiskGrade: 251

Elixirr International posts solid set of final results

By Josh White

Date: Monday 22 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Challenger consultancy Elixirr International reported a solid financial upswing in its final results on Monday, with revenue up 20% year-on-year at £85.9m.
The AIM-traded firm said adjusted EBITDA added 24% to £25.4m, with a margin of 30%.

Profit before tax soared 40% to £22.1m for the 12 months ended 31 December, while adjusted diluted earnings per share rose 22% to 37.2p.

Despite a slight dip in year-end net cash to £18.1m, Elixirr announced a substantial 37% increase in the total dividend to 14.8p per share.

Looking ahead, the company said it anticipated sustaining its momentum throughout the 2024 financial year, supported by a strong pipeline and three record revenue months in the first quarter.

Revenue for the year was projected to range between £104m and £110m, with an adjusted EBITDA margin expected to fall within 27% to 29%, accounting for Insigniam's acquisition impact.

Operationally, Elixirr continued its strategic growth initiatives, including enhancing revenue per partner by 7% to £3.9m, and bolstering its partner ranks through successful hires and internal promotions.

The acquisition strategy remained pivotal, with notable acquisitions such as Responsum and Insigniam positioning the company well in the realms of technological innovation and organisational transformation.

"2023 highlighted Elixirr's ability to thrive, outperforming both competitors and the global consulting market," said founder and chief executive officer Stephen Newton.

"Our continued growth is a testament to the quality of our team, and the value we deliver to our clients."

Newton said the company continued to invest in its four-pillar growth strategy, further diversifying its offering and enabling it to solve "new and interesting challenges" for clients.

"Our equity incentive model continues to disrupt the market, solidifying our reputation as the challenger consultancy and setting us up for continued success."

At 1402 BST, shares in Elixirr International were up 1.55% at 589p.

Reporting by Josh White for Sharecast.com.

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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 568.57p
Change Today -5.43p
% Change -0.95 %
52 Week High 632.00
52 Week Low 420.00
Volume 10,316
Shares Issued 47.27m
Market Cap £268.78m
RiskGrade 251

ELIX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.69% below the market average62.69% below the market average62.69% below the market average62.69% below the market average62.69% below the market average
46.24% below the sector average46.24% below the sector average46.24% below the sector average46.24% below the sector average46.24% below the sector average
Price Trend
47.85% above the market average47.85% above the market average47.85% above the market average47.85% above the market average47.85% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
16.81% above the market average16.81% above the market average16.81% above the market average16.81% above the market average16.81% above the market average
17.46% below the sector average17.46% below the sector average17.46% below the sector average17.46% below the sector average17.46% below the sector average
Growth
81.88% above the market average81.88% above the market average81.88% above the market average81.88% above the market average81.88% above the market average
81.63% above the sector average81.63% above the sector average81.63% above the sector average81.63% above the sector average81.63% above the sector average

ELIX Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 18-Jan-24
Paid n/a 15-Feb-24
Amount 9.50p 5.30p

Trades for 18-Jun-2024

Time Volume / Share Price
11:44 2 @ 573.80p
11:40 897 @ 560.00p
11:30 1 @ 580.00p
11:30 48 @ 580.00p
11:00 20 @ 560.00p

ELIX Key Personnel

CEO Stephen Alexander Newton
CFO Graham Edward Busby

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