Netcall PLC Trading Update and Notice of Results (5763F)
July 19 2021 - 1:00AM
UK Regulatory
TIDMNET
RNS Number : 5763F
Netcall PLC
19 July 2021
19 July 2021
NETCALL PLC
("Netcall", the "Company" or the "Group")
Trading Update and Notice of Results
Strong growth in profitability driven by uptake of cloud
services
Netcall plc (AIM: NET), a leading provider of intelligent
automation and customer engagement software, today announces its
trading update for the year ended 30 June 2021.
The Board anticipates full year results to be in line with
market expectations, which were updated at the interim results,
with revenue growth of approximately 8% to GBP27.2m (FY20:
GBP25.1m) and adjusted EBITDA growth of approximately 20% to
GBP5.3m (FY20: GBP4.4m).
Cloud services annual contract value ('ACV')(1) increased 25% to
GBP9.4m (FY20: GBP7.5m), and now represents more than half of total
ACV which increased 10% to GBP18.5m (FY20: GBP16.8m).
The Group's cash position at 30 June 2021 was GBP14.5m (31
December 2020: GBP12.9m). The normalised cash position increased to
GBP13.1m (31 December 2020: GBP10.7m), excluding deferred VAT,
which exceeds borrowings of GBP6.9m (31 December 2020:
GBP6.8m).
The Group intends to announce audited results for the year ended
30 June 2021 on 6 October 2021.
Henrik Bang, CEO of Netcall, commented :
"Netcall delivered another strong performance with increased
uptake of our Liberty platform and I am pleased to report good
growth in both revenue and profitability.
"Sales momentum was particularly robust for our cloud solutions
which experienced good demand across our key markets. As a result,
Cloud recurring revenue exited the period as the Group's biggest
revenue stream growing 26% during the year.
"We enter the new year with a strong pipeline and a substantial
market opportunity, supported by an extensive customer base and
expanding product offering. This, combined with a healthy balance
sheet and high levels of recurring revenue, provide the Board with
confidence in the Group's continued success."
(1) ACV, as of a given date, is the total of the value of each
cloud and support contract divided by the total number of years of
the contract.
For further enquiries, please contact:
Netcall plc Tel. +44 (0) 330 333 6100
Henrik Bang, CEO
Michael Jackson, Chairman
James Ormondroyd, Group Finance Director
Canaccord Genuity Limited (Nominated Tel. +44 (0) 20 7523 8000
Adviser and Broker)
Simon Bridges / Andrew Potts
Alma PR Tel. +44 (0) 20 3405 0205
Caroline Forde / Hilary Buchanan
/ Robyn Fisher
About Netcall
Netcall's Liberty software platform with Intelligent Automation
and Customer Engagement solutions helps organisations transform
their businesses faster and more efficiently, empowering them to
create a leaner, more customer-centric organisation.
Netcall's customers span enterprise, healthcare and government
sectors. These include two-thirds of the NHS Acute Health Trusts
and leading corporates such as Legal and General, Lloyds Banking
Group, ITV and Nationwide Building Society.
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310. With the publication of this announcement,
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END
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