Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, today provides the following pre-close trading update for the year ended 31 December 2018.
FY-2018 was a year of excellent progress for the Group and since Anexo’s AIM IPO in June, its strategy continues to be delivered and trading has been robust. The Board is therefore pleased to announce that it expects to report adjusted* profit before tax of not less than £16.0 million, which is slightly ahead of current market expectations of £15.8 million.
FY-2019 has started strongly with continued investment into the Group’s credit hire fleet. In addition, positive momentum is being made at Bond Turner, the Group’s legal services division, in particular at their new regional office in Bolton. Recruitment at this office continues to be a key focus and it is anticipated that the current 25-strong team of solicitors, qualified legal executives and litigation specialists will double in the coming months allowing the Group to process an increasing volume of cases. With Anexo’s strategy being implemented to plan, the Board remains confident in the future outlook for the Group.
Notice of Results
The Group will be announcing its Final Results on Tuesday, 9 April 2018. An analyst briefing will be held at 09.30hrs at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.