UK's Elixirr H1 revenue rises 25%, aided by AI demand
UK's Elixirr H1 revenue rises 25%, aided by AI demand
Overview
UK consulting firm's H1 2026 revenue grew 25% yr/yr, adjusted diluted EPS rose 18%
Company's AI-related revenue increased 185% yr/yr to £8.1m
Free cash flow declined due to acquisition payments and seasonal factors
Outlook
Elixirr expects FY 26 adjusted EBITDA to be in line with company-compiled market expectations
Firm expects FY 26 revenue to be broadly in line with company-compiled market expectations
Company sees significant growth opportunity from AI-related consulting demand
Result Drivers
AI-RELATED GROWTH - Co said AI-related revenue rose 185% yr/yr to £8.1m, driven by larger client engagements and focus on embedding AI into operations
CLIENT EXPANSION - Co deepened relationships with major clients, with more clients generating over £1m and £2m in revenue
ACQUISITIONS & CROSS-SELL - Acquisitions and increased cross-sell revenue contributed to growth, including new presence in Nordics and expanded offerings
Company press release: ID:nRSU4222Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EPS |
| GBP 0.342 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Elixirr International PLC is GBp1,100.00, about 76.8% above its September 18 closing price of GBp622.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)