Consulting firm Elixirr lifts expectations amid strong trading

Challenger consultancy firm Elixirr International said on Wednesday that trading in the five months to 31 May was “strong”, with revenue increasing by more than 75% year-on-year.

The AIM-traded firm, which was holding its annual general meeting, said that included the impact of the acquisition of Coast Digital and the Retearn Group.

As a result, the board said it now expected revenue and adjusted EBITDA for the year ending 31 December to be towards the upper end of the range it had previously indicated.

That would mean revenue in the upper range of £44m to £47m, with an adjusted EBITDA margin of about 29%.

“The board looks forward to providing a more detailed update, including on its expectations for the full year, to shareholders in September with its half-year results.”

At 1149 BST, shares in Elixirr International were up 5.5% at 575p.