Elixirr International plc (AIM:ELIX), an established, global award-winning challenger consultancy, is pleased to provide an update on current trading.
Trading since 30 June 2020 has continued to be strong with the Group recording another record revenue month in September 2020, following previous record revenue months in June and July 2020.
As a result, Adjusted EBITDA for the year ending 31 December 2020 is now expected to be in excess of £9.25m on an IFRS 16 basis. On an IAS 17 basis, Adjusted EBITDA is expected to be in excess of £8.75m compared to a market expectation of £7.8m.
As at 30 September 2020, the Group had no debt with cash balances totalling £16.8m.