Trading Update

RNS Number : 3978C

Elixirr International PLC

19 October 2020

 

ELIXIRR INTERNATIONAL PLC

("Elixirr", the "Company" or the "Group")

Trading Update

Elixirr International plc (AIM:ELIX), an established, global award-winning challenger consultancy, is pleased to provide an update on current trading.

Trading since 30 June 2020 has continued to be strong with the Group recording another record revenue month in September 2020, following previous record revenue months in June and July 2020.

As a result, Adjusted EBITDA for the year ending 31 December 2020 is now expected to be in excess of £9.25m on an IFRS 16 basis. On an IAS 17 basis, Adjusted EBITDA is expected to be in excess of £8.75m compared to a market expectation of £7.8m.

As at 30 September 2020, the Group had no debt with cash balances totalling £16.8m.

For further Information please contact:

Elixirr International plc Stephen Newton, CEO Graham Busby, CFO
Public and Investor Relations contacts: Caroline Pitt Jazz Berry finnCap Ltd (Nominated Adviser & Sole Broker) Christopher Raggett, Simon Hicks, Kate Bannatyne (Corporate Finance) Andrew Burdis, Sunila De Silva (ECM)	[e-mail]   [phone]

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.

The information communicated in this announcement includes inside information for the purposes of Article 7 Regulation 596/2014.

 

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