Cerillion PLC Trading Update (1049C)
October 15 2020 - 1:00AM
UK Regulatory
TIDMCER
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 GBP7.7m.
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 c/o KTZ Communications
Louis Hall, CEO T: 020 3178 6378
Oliver Gilchrist, CFO
Liberum (Nomad and Broker) T: 020 3100 2000
Bidhi Bhoma, Euan Brown, William Hall
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.
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END
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