UK's Elixirr jumps on robust FY outlook
27/02/2023 11:54
** Shares of consultancy firm Elixirr International ELIX.L
up as much as 23.2% at 518p
** Stock set to record its best day in over three years, if
gains hold
** Company expects FY22 revenue to rise ~40% to 70.7 million
pounds ($84.73 million), helped by strong demand for its
solutions unit that offers boardroom solutions to clients for
their business
** Clients are seeking more consultancy services for their
businesses amid challenging macroeconomic conditions - ELIX
** ELIX expects adjusted core profit for the year at 20.5
mln pounds compared with 15.7 mln pounds a year earlier
** Company also says 2023 has started strongly with organic
growth accelerating in Q1
** Sees FY23 revenue at 85-87 million pounds
** Including session's gains, stock up 1.5% YTD
($1 = 0.8344 pounds)
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))