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08 Feb 2021 | 08:49

Elixirr International sees demand for services remain elevated

(Sharecast News) - Consultancy firm Elixirr said on Monday that trading had continued to be "strong" since its last update in October, with demand for its digital transformation and innovation services remaining "high". Elixirr now expects to record revenues of approximately £30.0m for the year ended 31 December, ahead of the market expectation of £29.4m, while adjusted underlying earnings were projected to be approximately £9.0m on an IAS 17 basis, slightly ahead of expectations for a print of £8.9m.

The AIM-listed group, which said it had no debt and cash balances totalling £17.5m, also stated it has made "a strong start to 2021", recording another record revenue month in January, following three record revenue months during 2020.

Including the impact of its recent acquisition of Coast Digital, Elixirr anticipates that first-quarter revenues will increase by more than 50% compared year-on-year.

Chief executive Stephen Newton said: "We have delivered significant growth in revenue and profit against the backdrop of one of the most uncertain and challenging business environments many of us have experienced in our careers.

"As a result, we have a strong pipeline of exciting opportunities in 2021 and are confident of further growth in revenue and profit."

As of 0845 GMT, Elixirr shares were up 1.33% at 305.0p.
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