AIM: CER
Cerillion plc
("Cerillion" or the "Company")
Half Year Trading Update
Record Six Months
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 2024.
Results for the six-months ended 31 March 2024 are expected to set new highs for revenue and adjusted EBITDA. Revenue is expected to be approximately £22.5m (H1 2023: £20.5m) and adjusted EBITDA approximately £10.9m (H1 2023: £9.9m), both 10% higher year-on-year. Net cash at 31 March 2024 has increased to approximately £26.6m (31 March 2023: £23.6m), providing a very firm underpinning to the Company's strong balance sheet.
The first half performance reflects ongoing strong demand from customers and the trading backdrop remains favourable. Telco digital transformation, the transition to Software-as-a-Service solutions and investment in enterprise software to achieve revenue and efficiency gains remain key features of the market, and consequently the Company's sales pipeline is strong. It includes a number of substantial potential new contracts, which are at various stages of the negotiation process. The Board believes that the Company remains well-placed to meet market expectations for the current financial year and beyond.
Notice of results
The Board expects to announce interim results on 13 May 2024, and will provide a further update on current trading at that time.
| Cerillion plc | c/o KTZ Communications |
| Louis Hall, CEO | T: 020 3178 6378 |
| Andrew Dickson, CFO | |
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| Liberum (Nomad and Broker) | T: 020 3100 2000 |
| Bidhi Bhoma, Ben Cryer, Matthew Hogg | |
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| Singer Capital Markets (Joint Broker) | T: 020 7496 3000 |
| Rick Thompson, James Fischer | |
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| 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 over 80 customer installations across over 45 countries. Headquartered in London, Cerillion also has operations in India and Bulgaria.
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