Anexo Group Plc (GB:ANX) has released an update.
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Anexo Group plc has reported a rise in Credit Hire revenues by 21.8% and a robust performance in legal services, leading to an 8.1% increase in cash collections from settled cases in the first half of 2024. Despite these gains, overall revenue fell by 11.7% and profit before tax decreased by 61.2% compared to the previous year, influenced by the exceptional results in H1 2023 due to the Volkswagen emissions settlement. The company continues to invest in growth, with an increase in new vehicle claims and legal staff, which is expected to positively impact future cash collections and performance.
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