THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS
AMENDED.
18 February 2025
ELIXIRR INTERNATIONAL
PLC
Trading
Update
The Board of Elixirr International
plc (AIM: ELIX) ("Elixirr", the "Company") the established,
global, award-winning, challenger consultancy, is pleased to
provide an update on trading.
The Group finished the financial
year ended 31 December 2024 ("FY 24") strongly.
Subject to audit, FY 24 results are
expected to be above market expectations with:
·
Revenue greater than £111 million, above the
guidance range of £108 - £111 million
·
Adjusted EBITDA margin of approximately 28%, in
the middle of the guidance range of 27-29%
·
Adjusted EBITDA of approximately £31
million
· Cash balances of approximately £7.5 million, having fully
repaid the debt drawn under the Company's £45 million
revolving credit facility to finance the acquisition of Hypothesis
Group, LLC
The Board is pleased to note that
the unaudited FY 24 results continue Elixirr's track record of
achievement of the Rule of 40. In every year since Elixirr's IPO,
the sum of its revenue growth and Adjusted EBITDA margin have
exceeded 40%.
Momentum has continued into 2025
with record revenue for January.
The Group will announce its full
year FY 24 results on 28 April 2025.
Enquiries:
For enquiries, please refer to our
Investor Contacts page:
https://www.elixirr.com/investors/investor-contacts
Elixirr International
plc
+44 (0)20 7220 5410
Stephen Newton, Chief Executive
Officer
Graham Busby, Deputy Chief Executive
Officer
Nick Willott, Chief Financial Officer
and Company Secretary
investor-relations@elixirr.com
Cavendish Capital Markets Ltd (Nominated Adviser & Joint
Broker)
+44 (0)20 7220 0500
Stephen Keys, Callum Davidson, Isaac
Hooper (Corporate Finance),
Sunila De Silva (Corporate
Broking)
Peel Hunt LLP (Joint
Broker)
+44 (0)20 7418 8900
Neil Patel, Ben Cryer, Alice Lane,
Kate Bannatyne
About Elixirr International plc
Elixirr is an award-winning global
consulting firm working with clients across a diverse range of
industries, markets and geographies.
Founded in 2009, the firm set out to
be the 'challenger consultancy' and do things differently than the
large corporate consultancies dominating the industry: working
openly and collaboratively with clients from start to finish,
delivering outcomes based on innovative thinking, not methodology,
and treating each client's business like their own. Elixirr has
been quoted on the AIM market of the London Stock Exchange since
2020. In addition to strong organic growth, Elixirr has acquired
seven boutique firms - Den Creative, Coast Digital, The Retearn
Group, iOLAP, Responsum, Insigniam and Hypothesis - to grow the
Group's capabilities, diversify the business, expand into new
geographies and access new clients.
General
This announcement is for information purposes only and does
not constitute or form part of any offer to issue or sell, or the
solicitation of an offer to acquire, purchase or subscribe for, any
securities in any jurisdiction and should not be relied upon in
connection with any decision to subscribe for or acquire ordinary
shares in the capital of the Company. In particular, this
announcement does not constitute or form part of any offer to issue
or sell, or the solicitation of an offer to acquire, purchase or
subscribe for, any securities in the United
States.
This announcement has been issued by, and is the sole
responsibility of, the Company. No person has been authorised
to give any information or to make any representations other than
those contained in this announcement and, if given or made, such
information or representations must not be relied on as having been
authorised by the Company.
No
statement in this announcement is intended to be a profit forecast
or profit estimate and no statement in this announcement should be
interpreted to mean that earnings per share of the Company for the
current or future financial years would necessarily match or exceed
the historical published earnings per share of the
Company.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will",
"would" or "should" or, in each case, their negative or other
variations or comparable terminology. These forward-looking
statements include matters that are not historical facts. They
appear in a number of places throughout this announcement and
include statements regarding the directors of the current Company's
intentions, beliefs or expectations concerning, among other things,
the Company's results of operations, financial condition,
liquidity, prospects, growth, strategies, and the Company's
markets. By their nature, forward-looking statements involve risk
and uncertainty because they relate to future events and
circumstances. Actual results and developments could differ
materially from those expressed or implied by the forward-looking
statements. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements in
this announcement are based on certain factors and assumptions,
including the directors of the Company's current view with respect
to future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to the
Company's operations, results of operations, growth strategy and
liquidity. Whilst the directors of the Company consider these
assumptions to be reasonable based upon information currently
available, they may prove to be incorrect. Save as required by
applicable law, the AIM Rules or the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
undertakes no obligation to release publicly the results of any
revisions to any forward-looking statements in this announcement
that may occur due to any change in the directors of the Company's
expectations or to reflect events or circumstances after the date
of this announcement.
Neither the content of the Company's website nor any website
accessible by hyperlinks to the Company's website is incorporated
in, or forms part of, this announcement.
Certain figures contained in this announcement, including
financial information, have been subject to rounding adjustments.
Accordingly, in certain instances, the sum or percentage change of
the numbers contained in this announcement may not conform exactly
with the total figure given.
All references to time in this announcement are to London
time, unless otherwise stated.
