Cerillion PLC Half Year Trading Update
RNS Number : 7863V
19 April 2021
19 April 2021
("Cerillion" or "the Company")
Half Year Trading Update
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 2021.
Cerillion has experienced its strongest ever six-month trading
period, exceeding management expectations. Revenue for the first
half ended 31 March 2021 is expected to total approximately
GBP12.8m, a 25% increase on the same period last year (H1 2020:
GBP10.2m) and adjusted EBITDA is expected to be approximately
GBP4.8m, a 77% rise on the comparative period last year (H1 2020:
GBP2.7m). The Company's balance sheet remains strong, with net cash
at 31 March 2021 up by 60% to approximately GBP7.7m (31 March 2020:
This excellent performance reflects three major factors;
on-going work on new customer implementation projects, strong
demand from existing customers, and two major contract wins
totalling GBP18.4m, which were secured in March 2021.
Reflecting the strong momentum in the business, the Company has
added further resource. In addition, the Company completed
Cerillion 21.1 in the period. This is the latest version of its
Enterprise OSS/BSS suite for fixed, mobile, cable and multi-service
operators, and will be released this month. The new release
provides customers with enhanced B2B functionality, with a
particular focus on lead and opportunity management.
Cerillion's sales pipeline remains strong, and p rospects for
the remainder of the financial year are very positive.
Notice of results
The Board intends to announce interim results for the six months
to 31 March 2021 on 17 May 2021, when the Company will provide a
further update on current trading.
Louis Hall, Chief Executive of Cerillion, commented:
"The business has performed very strongly over the first half,
and new orders in the period have equalled total new orders for the
whole of the last financial year. Our last contract win represented
another major milestone for us, and reflects growing market
recognition of the quality of our solution and services.
"We have a strong pipeline of potential new business and remain
well-positioned for continuing growth this financial year and
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
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
KTZ Communications T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
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
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(END) Dow Jones Newswires
April 19, 2021 02:00 ET (06:00 GMT)
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