{"id":49981,"date":"2024-09-24T08:58:15","date_gmt":"2024-09-24T07:58:15","guid":{"rendered":"https:\/\/www.elixirr.com\/en-gb\/?p=49981"},"modified":"2025-10-31T11:17:11","modified_gmt":"2025-10-31T11:17:11","slug":"elixirr-announces-record-results-for-h1-2024","status":"publish","type":"post","link":"https:\/\/www.elixirr.com\/en-gb\/elixirr-announces-record-results-for-h1-2024\/","title":{"rendered":"Elixirr announces record results for H1 2024\u00a0"},"content":{"rendered":"\n

The first half of 2024 saw Elixirr maintain its strong growth trajectory, consistently outperforming the consulting market. The Elixirr Group has reported record-breaking financial results, with an impressive 28% year-on-year revenue growth, reaching \u00a353.0 million. With four record-breaking months, the firm has experienced increasing demand for its services, driven by its commitment to innovation and the successful integration of strategic acquisitions. These results highlight Elixirr\u2019s ongoing momentum and robust growth. <\/p>\n\n\n\n

Financial Highlights<\/strong> <\/h2>\n\n\n\n

\u2022 <\/strong>H1 24 revenue increased by +28% compared to H1 23 to \u00a353.0m (H1 23: \u00a341.6m) <\/p>\n\n\n\n

\u2022 <\/strong>Adjusted EBITDA margin of 29% (H1 23: 30%) <\/p>\n\n\n\n

\u2022 <\/strong>Adjusted EBITDA increased by +23% to \u00a315.1m (H1 23: \u00a312.3m) <\/p>\n\n\n\n

\u2022<\/strong> Organic growth of +14% from previous comparable period  <\/p>\n\n\n\n

\u2022 <\/strong>Adjusted diluted EPS increased +16% to 21.5p (H1 23: 18.5p) <\/p>\n\n\n\n

\u2022<\/strong> Free cash flow doubled from previous comparable period to \u00a37.0m <\/p>\n\n\n\n

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Strategic Acquisitions and Integration Success<\/strong> <\/h2>\n\n\n\n

Elixirr\u2019s recent acquisitions have been instrumental to its continued success. Having successfully integrated Insigniam and Elixirr AI (formerly Responsum), both have demonstrated impressive performance. <\/p>\n\n\n\n

The rebranding of iOLAP to Elixirr Digital further strengthened the firm\u2019s digital capabilities, enhancing its service offering to clients. Cross-sell revenue surged by 82%, reaching \u00a38+ million, demonstrating the success of Elixirr\u2019s strategic acquisitions. <\/p>\n\n\n\n

The firm has not only focused on expanding its service offering but also deepening relationships with key clients. Elixirr\u2019s number of \u00a31 million+ clients increased from 18 in H1 2023 to 22 in H1 2024, exemplifying its ability to deliver consistent value across multiple sectors. <\/p>\n\n\n\n

Industry Recognition and Key Milestones<\/strong> <\/h2>\n\n\n\n

Elixirr was also recently recognised for the first time on Forbes\u2019 2024 World\u2019s Best Management Consulting Firms list. This accolade affirms Elixirr\u2019s position as a leader in the consulting industry and serves as a testament to the innovative business model and talented team. <\/p>\n\n\n\n

Additionally, the firm reached an important employee milestone with the first vesting of share options for team members who joined prior to its IPO. This reflects the company\u2019s commitment to rewarding its employees and sharing in the success of its rapid growth.  <\/p>\n\n\n\n

Leadership and Strategic Appointments<\/strong> <\/h2>\n\n\n\n

Elixirr continues to build a diverse and experienced leadership team. The firm welcomed tech entrepreneur Nicola Hartland as a new Partner, who has already secured over fifty new sales opportunities. In addition, the promotion of Portia Thornhill<\/a> to General Counsel reflects the firm’s commitment to nurturing internal talent. The team also expanded with the addition of two new Partners to lead the growth of its cybersecurity and financial services practices.\u00a0<\/p>\n\n\n\n

Strong Outlook for FY 2024 and Beyond<\/strong> <\/h2>\n\n\n\n

The outlook for the rest of 2024 remains strong, with Elixirr reaffirming its revenue guidance of \u00a3104 – \u00a3110 million and maintaining an adjusted EBITDA margin of 27% – 29%. The firm\u2019s clear four-pillar growth strategy\u2014stretching existing partners, promoting from within, hiring new partners and acquiring businesses\u2014continues to deliver outstanding results. <\/p>\n\n\n\n

Stephen Newton, Founder and CEO, commented: <\/p>\n\n\n\n

\n

“This record-breaking earnings cycle demonstrates that our four-pillar growth strategy continues to deliver. Our entrepreneurial mindset and ambition to push the boundaries of what\u2019s possible have led to a year of impressive \u2018firsts.\u2019 Being recognised on Forbes\u2019 2024 list of the World\u2019s Best Management Consulting Firms is further testament to our talented team as we work towards becoming a $1 billion company in the next few years.” <\/p>\n<\/blockquote>\n\n\n\n

With a strong foundation laid in the first half of 2024, Elixirr is poised for continued success. The firm remains committed to delivering value to its shareholders, clients and employees as it continues to innovate and expand in the global consulting landscape.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

The first half of 2024 saw Elixirr maintain its strong growth trajectory, consistently outperforming the consulting market. 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class=\"wp-component-card edwp-component wp-component-card--resource wp-component-card--link js-card-link\n edwp-fade-in\">\n <figure class=\"wp-component-card__image-wrapper\">\n <img width=\"2400\" height=\"1440\" src=\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24.jpg\" class=\"wp-component-card__image\" alt=\"\" decoding=\"async\" srcset=\"https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24.jpg 2400w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24-300x180.jpg 300w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24-1024x614.jpg 1024w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24-768x461.jpg 768w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24-1536x922.jpg 1536w, https:\/\/www.elixirr.com\/en-gb\/wp-content\/uploads\/2024\/09\/interim-24-2048x1229.jpg 2048w, 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height=\"47\" viewBox=\"0 0 47 47\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g>\n<path d=\"M23.4141 0.539062C36.1232 0.539183 46.4258 10.8416 46.4258 23.5508C46.4257 36.2599 36.1231 46.5624 23.4141 46.5625C10.7049 46.5625 0.402465 36.2599 0.402344 23.5508C0.402344 10.8415 10.7048 0.539062 23.4141 0.539062ZM23.4141 1.68945C11.3606 1.68945 1.55273 11.4974 1.55273 23.5508C1.55286 35.6041 11.3607 45.4111 23.4141 45.4111C35.4673 45.411 45.2743 35.604 45.2744 23.5508C45.2744 11.4974 35.4674 1.68957 23.4141 1.68945Z\" fill=\"currentColor\"\/>\n<path d=\"M19.2841 33.6992C18.9579 33.6986 18.6374 33.6111 18.3543 33.4454C17.7167 33.0759 17.3203 32.3585 17.3203 31.5797V15.8189C17.3203 15.0379 17.7167 14.3227 18.3543 13.9531C18.6442 13.7827 18.9735 13.6951 19.3078 13.6994C19.6421 13.7037 19.9692 13.7998 20.2548 13.9776L33.4237 22.0406C33.6981 22.2166 33.9244 22.461 34.0812 22.751C34.238 23.0409 34.3203 23.3668 34.3203 23.6982C34.3203 24.0295 34.238 24.3555 34.0812 24.6454C33.9244 24.9353 33.6981 25.1798 33.4237 25.3558L20.2527 33.421C19.9604 33.6017 19.6256 33.6979 19.2841 33.6992Z\" fill=\"currentColor\"\/>\n<\/g>\n<\/svg>\n<\/span> <\/div>\n <\/figure>\n <div class=\"wp-component-card__content edwp-row-load\">\n <p class=\"wp-component-card__eyebrow\">\n News <\/p>\n <a href='https:\/\/www.elixirr.com\/en-gb\/elixirr-announces-record-results-for-h1-2024\/' class='wp-component-card__title'>\n <h2>\n Elixirr announces record results for H1 2024\u00a0\n <\/h2>\n <\/a> <div class=\"wp-component-card__description\">\n The first half of 2024 saw Elixirr maintain its strong growth trajectory, consistently outperforming the consulting market. The Elixirr Group has reported record-breaking financial results, with an impressive 28% year-on-year… <\/div>\n <div class=\"wp-component-card__meta\">\n <p class=\"wp-component-card__date\">\n 24 September 2024 <\/p>\n <\/div>\n <div class=\"wp-component-card__button-wrapper\">\n <button class=\"btn btn--link arrow wp-component-card__button\">\n Read more <span class='edwp-svg '><svg width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g id=\"Lg\">\n<path id=\"Vector\" d=\"M1.12509 9.50162H15.8648L9.43259 3.06941C9.374 3.0113 9.3275 2.94216 9.29576 2.86599C9.26403 2.78981 9.24769 2.70811 9.24769 2.62559C9.24769 2.54307 9.26403 2.46137 9.29576 2.38519C9.3275 2.30902 9.374 2.23988 9.43259 2.18177C9.54971 2.06535 9.70814 2 9.87328 2C10.0384 2 10.1969 2.06535 10.314 2.18177L17.8151 9.6829C17.8737 9.74101 17.9202 9.81014 17.9519 9.88632C17.9837 9.96249 18 10.0442 18 10.1267C18 10.2092 17.9837 10.2909 17.9519 10.3671C17.9202 10.4433 17.8737 10.5124 17.8151 10.5705L10.314 18.0717C10.1975 18.1871 10.0404 18.2522 9.87641 18.2529C9.79414 18.2534 9.71259 18.2376 9.63643 18.2065C9.56027 18.1754 9.491 18.1296 9.43259 18.0717C9.374 18.0135 9.3275 17.9444 9.29576 17.8682C9.26403 17.7921 9.24769 17.7104 9.24769 17.6278C9.24769 17.5453 9.26403 17.4636 9.29576 17.3874C9.3275 17.3113 9.374 17.2421 9.43259 17.184L15.8711 10.7518H1.12509C0.959309 10.7518 0.800312 10.686 0.683084 10.5687C0.565857 10.4515 0.5 10.2925 0.5 10.1267C0.5 9.96093 0.565857 9.80193 0.683084 9.68471C0.800312 9.56748 0.959309 9.50162 1.12509 9.50162Z\" fill=\"#1D0F25\"\/>\n<\/g>\n<\/svg>\n<\/span> <\/button>\n <\/div>\n <\/div>\n<\/article>\n","_links":{"self":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts\/49981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/comments?post=49981"}],"version-history":[{"count":3,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts\/49981\/revisions"}],"predecessor-version":[{"id":56031,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/posts\/49981\/revisions\/56031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/media\/49986"}],"wp:attachment":[{"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/media?parent=49981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/categories?post=49981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/tags?post=49981"},{"taxonomy":"related_service","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/related_service?post=49981"},{"taxonomy":"related_industry","embeddable":true,"href":"https:\/\/www.elixirr.com\/en-gb\/wp-json\/wp\/v2\/related_industry?post=49981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}