Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Anexo Group Plc ( (GB:ANX) ) has shared an announcement.
Anexo Group plc reported its final results for FY2024, highlighting a 1% decrease in group revenue to £141.9 million, primarily due to the absence of the Volkswagen Emissions Claim impact seen in FY2023. Despite this, the Credit Hire division saw a 22.9% revenue increase, while Legal Services revenue fell by 16.9%. The group’s profit before tax decreased by 35.7% to £14.8 million, reflecting previous year’s exceptional gains and increased investment in staffing and infrastructure. Anexo’s strategic focus on diversification and investment in claims against multiple manufacturers is expected to enhance future revenue and profitability, although the timing and outcome of these claims remain uncertain.
More about Anexo Group Plc
Anexo Group plc is a specialist provider of integrated credit hire and legal services. The company focuses on credit hire, legal services, and class actions, including emissions claims, with a market focus on driving performance and shareholder value through strategic investments.
Average Trading Volume: 233,454
Technical Sentiment Signal: Sell
Current Market Cap: £71.97M
See more insights into ANX stock on TipRanks’ Stock Analysis page.