Cerillion PLC Trading Update and Notice of Results (8177X)
May 02 2019 - 1:00AM
UK Regulatory
TIDMCER
RNS Number : 8177X
Cerillion PLC
02 May 2019
2 May 2019
AIM: CER
Cerillion plc
("Cerillion" or "the Group")
Trading Update and Notice of Results
Cerillion, the billing, charging and customer relationship
management software solutions provider, provides a trading update
on the first six months of its current financial year ending 30
September 2019.
Trading in the first six months of the financial year has been
encouraging, with a major new contract worth an initial USD 6.8
million signed in February and additional major contracts worth in
excess of GBP10.0 million, progressing to final stages. Once
signed, these contracts will make a substantial contribution to the
second half, with profitability in particular benefiting from the
significant high margin licence components. Accordingly, the Board
anticipates that the Group's results for the current financial year
will be significantly weighted towards the second half, and that
the Company remains on track to meet current market forecasts for
the full year.
Results for the first half will be behind the same period last
year, given the timing of contract closures, with revenue expected
to be approximately GBP7.0m (2018: GBP8.4m) and adjusted EBITDA
approximately GBP0.4m (2018: GBP1.6m).
The Group intends to publish interim results on 20 May 2019 and
will provide a further update on current trading at that time.
For further information please contact:
Cerillion plc c/o KTZ Communications
Louis Hall, CEO T: 020 3178 6378
Oliver Gilchrist, CFO
Shore Capital (Nomad and Broker) T: 020 7408 4090
Toby Gibbs, Mark Percy
KTZ Communications T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
About Cerillion
www.cerillion.com
Cerillion has a 19-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 approximately 90 customer installations
across 44 countries.
Headquartered in London, Cerillion has operations in Pune,
India, where its Global Solutions Centre is located, and in Sydney
and Miami.
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END
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