Anexo Group Plc (GB:ANX) has released an update.
Anexo Group PLC reports a revenue increase of 8.0% to £149.3 million and an adjusted operating profit rise of 31.5% for FY2023, marking a solid year with strong performance across all divisions. Despite a challenging judicial environment causing delays, the company’s focused investment in legal services, particularly in its Bond Turner division, has led to improved cash collections and a robust outlook. Anexo also successfully concluded a significant agreement in the VW Emissions Case, which contributed to a positive net cash position and continues to pursue claims against other manufacturers.
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