Cerillion logo

CER - Cerillion News Story

408p -6.0  -1.4%

Last Trade - 11:42am

Sector
Technology
Size
Small Cap
Market Cap £122.2m
Enterprise Value £120.1m
Revenue £20.8m
Position in Universe 948th / 1805

Cerillion PLC - Trading Update

Thu 15th October, 2020 7:00am
RNS Number : 1049C
Cerillion PLC
15 October 2020
 

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Trading Update and Notice of Results

 

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce an update on trading for the financial year ended 30 September 2020.

 

Trading Update

 

Trading over the remainder of the second half continued strongly and, as previously announced, the Company signed its largest ever contract in mid-September. This helped to take the back-order book* at the financial year end to a record high. As a result, management now expects revenue and adjusted EBITDA for the financial year to be slightly ahead of current market expectations. Net cash at the year-end is expected to be significantly ahead of market expectations at approximately £7.7m. 

 

The Company is well-positioned as it enters the new financial year. The new business pipeline remains strong, with opportunities across all regions, and, to date, the coronavirus pandemic has not affected the Company's sales processes, implementations or ability to support its customer base to any significant degree.

 

Notice of Results

 

The Company intends to announce its full year results on 23 November 2020, when a further update on trading will be provided.

 

*Back-order book consists of sales contracted but not yet recognised as revenue at the end of the reporting period plus annualised support and maintenance revenue.

 

 

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Oliver Gilchrist.

 

For further information please contact:

 

Cerillion plc

Louis Hall, CEO

Oliver Gilchrist, CFO

 

c/o KTZ Communications

T: 020 3178 6378

 

 

 

Liberum (Nomad and Broker)

Bidhi Bhoma, Euan Brown, William Hall

 

T: 020 3100 2000

 

 

 

KTZ Communications

 

T: 020 3178 6378

Katie Tzouliadis, Dan Mahoney

 

 

 

 

About Cerillion

www.cerillion.com

 

Cerillion is a leading provider of mission critical software for billing, charging and customer relationship management ("CRM"), mainly serving the telecommunications market but also other sectors such as utilities and financial services. The Company currently has over 90 customer installations across over 40 countries. Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami and Sydney.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTGPGWGUUPUGCC

Recent news on Cerillion

See all news
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.