Anexo Group PLC Trading Update and Notice of Results (5913O)
January 31 2019 - 2:00AM
UK Regulatory
TIDMANX
RNS Number : 5913O
Anexo Group PLC
31 January 2019
For immediate release 31 January 2019
Anexo Group plc
('Anexo' or the 'Group')
FY-2018 Trading Update
Notice of Results
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').
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 GBP16.0 million, which is slightly ahead of current market
expectations of GBP15.8 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.
- Ends -
Notes
*Adjusted for IPO costs and share based payments
For further enquiries:
Anexo Group plc +44 (0) 151 227 3008
www.anexo-group.com
Alan Sellers, Executive Chairman
Mark Bringloe, Chief Financial Officer
Arden Partners plc
(Nominated Adviser and Broker)
John Llewellyn-Lloyd / Benjamin Cryer +44 (0) 20 7614 5900
/ Alex Penney www.arden-partners.co.uk
Buchanan
(Financial Communications)
Henry Harrison-Topham / Steph Watson +44 (0) 20 7466 5000
Anexo@buchanan.uk.com
Notes to Editors:
Anexo is a specialist integrated credit hire and legal services
provider founded by Executive Chairman, Alan Sellers. The Group has
created a unique business model by combining a direct capture
Credit Hire business with a wholly owned Legal Services firm.
The integrated business targets the impecunious not at fault
motorist, referring to those who do not have the financial means or
access to a replacement vehicle. Through its dedicated sales team
and network of 1,000 active referrers around the UK, Anexo provides
customers with an end-to-end service including the provision of
Credit Hire vehicles, assistance with repair and recovery, the
management and recovery of costs, and the processing of any
associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the
ticker ANX.
For additional information please visit:
www.anexo-group.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCCKKDQABKDADN
(END) Dow Jones Newswires
January 31, 2019 02:00 ET (07:00 GMT)
Anexo (LSE:ANX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Anexo (LSE:ANX)
Historical Stock Chart
From Oct 2023 to Oct 2024