Cerillion PLC Trading Update (9870V)
April 22 2016 - 1:00AM
UK Regulatory
TIDMCER
RNS Number : 9870V
Cerillion PLC
22 April 2016
22 April 2016
AIM: CER
Cerillion plc
("Cerillion" or "the Company" or "the Group")
Trading Update
Cerillion, the billing, charging and customer relationship
management software solutions provider, is pleased to provide an
update on trading for the first six months, ending 31 March, of its
current financial year.
The first half of the year has progressed well and results are
anticipated to be in line with management expectations, with
revenues of c. GBP6.9m and EBITDA of c. GBP1.1m, an increase of 11%
and 21% respectively compared with the same period in the previous
financial year.
The Board expects to announce interim results for the half year
in late May, when it will provide a further update on trading.
Louis Hall, Chief Executive Officer of Cerillion, commented:
"We are pleased with the progress Cerillion has made in the
first half, which included the Company's successful admission to
AIM. The business has continued to trade well and we look forward
to updating the market on our continuing progress when we present
our first set of results in May."
For further information please contact:
Cerillion plc c/o KTZ Communications
Louis Hall, CEO T: 020 3178 6378
Shore Capital (Nomad and T: 020 7408 4090
Broker)
Bidhi Bhoma
Toby Gibbs
KTZ Communications T: 020 3178 6378
Katie Tzouliadis
Viktoria Langley
Emma Pearson
About Cerillion
Cerillion is a leading provider of mission critical software for
billing, charging and CRM, with a 16 year track record in providing
comprehensive revenue and customer management solutions. The
Company has 75 customer installations across 40 countries,
principally serving the telecommunications market but also
utilities and financial services.
Led by a highly experienced management team, the Company is
headquartered in London and also has operations in Cambridge, Miami
and Pune, India where its Global Solutions Centre is located.
Cerillion's CEO, Louis Hall, led the management buyout from Logica
plc in 1999. The Company has a clear growth strategy, which
includes exploring potential acquisitions, expansion in the US and
Australia and leveraging its recently launched, real-time
convergent charging solution and its SaaS-based billing solution,
Cerillion Skyline.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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