IXICO PLC’s (LON:IXI) April trading update was reassuring said broker Shore Capital, with a healthy order book and strong cash position.
“While 2021 and 2022 are likely to be more modest in terms of growth (and margin progression) for the business vs prior years, the market opportunity is compelling and IXICO’s underlying data analytics platform as truly differentiated.
“The focus on commercialisation and profitability by CEO Giulio Cerroni continues to deliver meaningful growth for the business and investors, and we would anticipate further positive momentum going forward.”
Shares rose 8% to 89.5p.