REG - Cerillion PLC - Trading Update & Notice of Results

CerillionAnnouncement

16/04/2018 07:30

RNS Number : 9457K
Cerillion PLC
16 April 2018
 

 
16 April 2018
AIM: CER
Cerillion plc
("Cerillion" or "the Group")
Trading Update and Notice of Results
 
Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to provide a trading update on the first six months of its current financial year ending 30 September 2018.
 
Group revenue for the first half is expected to total c.£8.4m, an increase of 12% year-on-year (2017: £7.5m) and in line with management expectations.  The mix of software revenue, services revenue and third party income returned to a more normalised weighting compared to the same period last year, which benefited from an exceptionally high level of software licence sales to existing customers. EBITDA in the first half is expected to be c.£1.4m (2017: £1.5m), with the difference mainly accounted for by adverse currency movements. On a constant currency basis, the Company estimates that EBITDA is approximately 13% ahead year-on-year.   
 
The Group is in tender discussions for a number of significant contracts, which if successful, will underpin ongoing growth in the second half of the financial year and beyond. 
 
Notice of results
 
Cerillion will announce its interim results for the six months to 31 March 2018 on Monday 14 May 2018, when the Board will provide a further update on current trading. 
 
 
For further information please contact:
 



Cerillion plc
Louis Hall, CEO
Oliver Gilchrist, CFO






c/o KTZ Communications
T: 020 3178 6378


















Shore Capital (Nomad and Broker)






T: 020 7408 4090




Toby Gibbs, Mark Percy


























KTZ Communications






T: 020 3178 6378




Katie Tzouliadis, Irene Bermont-Penn, Emma Pearson

























 
About Cerillion
www.cerillion.com
 
Cerillion is a leading provider of mission critical software for billing, charging and CRM, with an 18 year track record in providing comprehensive revenue and customer management solutions. The Company has approximately 80 customer installations across over 40 countries, principally serving the telecommunications market.
 
The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located, Miami and Sydney.



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTKMGMDMKDGRZM