TIDMCER

RNS Number : 1520Q

Cerillion PLC

16 October 2023

AIM: CER

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

("Cerillion" or "the Company")

Trading Update and

Notice of Results and Capital Markets Event

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 2023.

After a very strong first six months, which set new records for revenue and adjusted pre-tax profit, Cerillion entered the second half of the financial year very well-placed, with both a strong back-order book* and buoyant sales pipeline. This positive trading picture has been maintained through the second half, including signing a GBP15.1 million new contract with an existing customer and completion of a major initial installation for Telesur, as announced in June and July respectively.

As a result of this continued strong progress, adjusted profit before tax is expected to be meaningfully ahead of the consensus market forecast of GBP14.3m. Revenue is expected to be approximately GBP39.0m, with sales to existing customers significantly greater than any previous year, reflecting the growing value of the installed base. Net cash at 30 September 2023 closed strongly at approximately GBP24.7m (30 September 2022: GBP20.2m).

As well as the demand the Company is experiencing from the existing customer base, the new customer sales pipeline grew again in the second half and includes some large opportunities. The Company therefore expects to make further encouraging progress over the course of the new financial year.

Notice of Results and Capital Markets Event

The Board intends to announce full year results in late November 2023, and will provide a further update on current trading at this point.

Cerillion will be hosting a Capital Markets Event for sell-side analysts and institutional investors on Tuesday, 28 November 2023 at 12.00pm. The event will feature presentations from senior management in marketing and product development within Cerillion as well as an opportunity for Q&A.

*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.

 
 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     T: 020 7496 3000 
  Broker) 
 Rick Thompson, George Tzimas, 
  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 c.80 customer installations across c.44 countries. Headquartered in London, Cerillion also has operations in India, where its Global Solutions Centre is located, and in Bulgaria.

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October 16, 2023 02:00 ET (06:00 GMT)

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