Anexo YTD trading in line with management expectations

Anexo Group

71.00p

13:50 15/11/24

2.90%

2.00p

Credit hire and legal services provider Anexo Group said on Wednesday that overall trading had continued to perform in line with management expectations.

Anexo stated that within its legal services division, Bond Turner, cash collections for the first four months of 2021 were in line with management forecasts and 11.8% higher year-on-year, something the company stated was "particularly pleasing" given that the court system has yet to return to full operational capacity.

The AIM-listed group also stated that EDGE, its credit hire division, had seen an increase in average vehicle hire numbers following the relaxation of UK-wide lockdown measures, with the number of vehicles on hire for the first four months of 2021 up 8.5% on the same period in 2020.

Anexo stated it would provide further details in regards to recent trading at the time of its interim results.

As of 1120 BST, Anexo shares were up 0.66% at 137.40p.