Elixirr International Delivers Strong FY 2024 Performance
Why we think this is good
The trading update from Elixirr International plc indicates a strong financial performance in the year ended 31 December 2024. The company exceeded its guidance on revenue and adjusted EBITDA, while also reducing debt and maintaining a healthy cash position. These positive financial metrics, along with the absence of any negative sentiment indicators, suggest the company is in a good position going forward.
Key Points
- Revenue exceeded guidance range, coming in at over £111 million
- Adjusted EBITDA margin was in the middle of the guidance range at around 28%
- Adjusted EBITDA of approximately £31 million
- Fully repaid debt drawn under £45 million revolving credit facility
- Ended the year with cash balances of approximately £7.5 million
Summary
Elixirr International plc, the global consulting firm, has reported strong financial results for the year ended 31 December 2024. The company's revenue exceeded the guidance range, coming in at over £111 million, while adjusted EBITDA margin was in the middle of the guidance range at around 28%. Elixirr also fully repaid the debt drawn under its £45 million revolving credit facility, ending the year with cash balances of approximately £7.5 million. The company's performance continues its track record of achieving the 'Rule of 40', with the sum of its revenue growth and adjusted EBITDA margin exceeding 40% in every year since its IPO.