Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Elixirr International posts solid set of final results
(Sharecast News) - Challenger consultancy Elixirr International reported a solid financial upswing in its final results on Monday, with revenue up 20% year-on-year at £85.9m. The AIM-traded firm said adjusted EBITDA added 24% to £25.4m, with a margin of 30%.
Profit before tax soared 40% to £22.1m for the 12 months ended 31 December, while adjusted diluted earnings per share rose 22% to 37.2p.
Despite a slight dip in year-end net cash to £18.1m, Elixirr announced a substantial 37% increase in the total dividend to 14.8p per share.
Looking ahead, the company said it anticipated sustaining its momentum throughout the 2024 financial year, supported by a strong pipeline and three record revenue months in the first quarter.
Revenue for the year was projected to range between £104m and £110m, with an adjusted EBITDA margin expected to fall within 27% to 29%, accounting for Insigniam's acquisition impact.
Operationally, Elixirr continued its strategic growth initiatives, including enhancing revenue per partner by 7% to £3.9m, and bolstering its partner ranks through successful hires and internal promotions.
The acquisition strategy remained pivotal, with notable acquisitions such as Responsum and Insigniam positioning the company well in the realms of technological innovation and organisational transformation.
"2023 highlighted Elixirr's ability to thrive, outperforming both competitors and the global consulting market," said founder and chief executive officer Stephen Newton.
"Our continued growth is a testament to the quality of our team, and the value we deliver to our clients."
Newton said the company continued to invest in its four-pillar growth strategy, further diversifying its offering and enabling it to solve "new and interesting challenges" for clients.
"Our equity incentive model continues to disrupt the market, solidifying our reputation as the challenger consultancy and setting us up for continued success."
At 1402 BST, shares in Elixirr International were up 1.55% at 589p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.