REG - Cerillion PLC - Half-year Trading Update

CerillionAnnouncement

14/04/2025 07:00

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RNS Number : 7799E  Cerillion PLC  14 April 2025

AIM: CER

Cerillion plc

("Cerillion" or the "Company")

 

Half-year Trading Update

 

Cerillion plc, the billing, charging and customer relationship management
software solutions provider, is pleased to announce an update on trading for
the first six months of its current financial year ending 30 September 2025.

 

Revenue is expected to be c. £20.9m (H1 2024: £22.5m), with the difference
reflecting the anticipated higher weighting of software licence
renewals/extensions to the second half of FY 2025, compared to FY 2024 when
the majority of renewals/extensions occurred in the first half. Adjusted
EBITDA is expected to be c.£10.0m (H1 2024: £11.0m). Net cash at 31 March
2025 has increased to approximately £31.0m (31 March 2024: £26.6m), further
strengthening the Company's balance sheet. Cerillion's new customer pipeline
remains very strong and a little ahead of last year's record level.

 

The Company remains very well-placed to meet market expectations for the
current financial year and beyond. This is supported by a number of factors,
including January's major new contract win worth $11.4m, a term renewal worth
£5.4m agreed in March with a major European customer, as well as another
significant European customer recently confirming its intention to use
Cerillion's BSS/OSS software as the platform to support a substantial, tier-1
customer base it recently acquired in its home market. This major migration
programme is expected to benefit revenues in both the  current and next
financial year.

 

The Board expects to announce interim results around mid-May when it will also
provide a further update on current trading.

 

Enquiries:

 Cerillion plc                                     c/o KTZ Communications
 Louis Hall, CEO                                   T: 020 3178 6378
 Andrew Dickson, CFO

 Panmure Liberum Limited (Nomad and Joint Broker)  T: 020 3100 2000
 Bidhi Bhoma, Edward Mansfield, Freddie Wooding

 Singer Capital Markets (Joint Broker)             T: 020 7496 3000
 Rick Thompson, James Fischer

 KTZ Communications                                T: 020 3178 6378
 Katie Tzouliadis, Robert Morton

 

About Cerillion

www.cerillion.com

Cerillion has a 25-year track record in providing mission-critical software
for billing, charging and customer relationship management ("CRM"), mainly to
the telecommunications sector but also to other markets, including utilities
and financial services. The Company has c. 80 customer installations across c.
45 countries.

 

Headquartered in London, Cerillion also has operations in India and Bulgaria
as well as a sales presence in the USA, Singapore and Australia.

 

The business was originally part of Logica plc before its management buyout,
led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

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