Anexo Group: PBT significantly ahead of market expectations

Anexo, the specialist integrated credit hire and legal services provider, has
released a very upbeat 2021 trading statement, ahead of its 2021 full-year
results announcement on 11 May 2022. Revenue growth has exceeded the
company’s forecasts and profit before tax will be ahead of market
expectations. Anexo commented that sustained recovery in its core
business in 2021 has been supported by the easing of the second national
lockdown. We have made substantial uplifts to our 2021 and 2022 pre-tax
profit forecasts.

▪ Record vehicle numbers in Credit Hire Division. Vehicles on the road
reached record numbers in H2 2021 and peaked at 2,500 during
December 2021. This compares with our original year-end forecast of
2,100. Current vehicles on the road stand at 2,300.

Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.

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