REG - Cerillion PLC - Trading Update

CerillionAnnouncement

22/04/2024 07:00

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RNS Number : 3269L  Cerillion PLC  22 April 2024

AIM: CER

 Cerillion plc

("Cerillion" or the "Company")

 

Half Year Trading Update

 

Record Six Months

 

Cerillion, 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 2024.

 

Results for the six-months ended 31 March 2024 are expected to set new highs
for revenue and adjusted EBITDA. Revenue is expected to be approximately
£22.5m (H1 2023: £20.5m) and adjusted EBITDA approximately £10.9m (H1 2023:
£9.9m), both 10% higher year-on-year. Net cash at 31 March 2024 has increased
to approximately £26.6m (31 March 2023: £23.6m), providing a very firm
underpinning to the Company's strong balance sheet.

 

The first half performance reflects ongoing strong demand from customers and
the trading backdrop remains favourable. Telco digital transformation, the
transition to Software-as-a-Service solutions and investment in enterprise
software to achieve revenue and efficiency gains remain key features of the
market, and consequently the Company's sales pipeline is strong. It includes a
number of substantial potential new contracts, which are at various stages of
the negotiation process. The Board believes that the Company remains
well-placed to meet market expectations for the current financial year and
beyond.

 

Notice of results

 

The Board expects to announce interim results on 13 May 2024, and will provide
a further update on current trading at that time.

 

 

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

 Liberum (Nomad and Broker)             T: 020 3100 2000
 Bidhi Bhoma, Ben Cryer, Matthew Hogg

 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 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 80 customer installations
across over 45 countries. Headquartered in London, Cerillion also has
operations in India and Bulgaria.

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