Elixirr International PLC on Monday said it expects to meet market expectations for 2023 and announced an update to its dividend policy.

The London-based business consultancy said it expects revenue for 2023 to fall within the guidance range of £85 million and £90 million, up from £70.7 million in 2022.

Adjusted earnings before interest, tax, depreciation and amortisation is expected to be around £25.4 million, compared to £20.5 million a year ago.

Elixirr also said it would be declaring two dividends per year, and announced an interim dividend of 5.3 pence per share. It had paid out one final dividend of 10.8p for 2022.

Shares in Elixirr were down 5.6% at 585.60p each in London on Monday morning.

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