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
Cerillion, the billing, charging and
customer relationship management software solutions provider, is
pleased to provide an update on trading for the financial year
ended 30 September 2024.
The Company traded well over the
second half of the financial year, after record first-half revenue
and adjusted pre-tax profit. Revenue for the year is expected to be
approximately £43.8m (2023: £39.2m), and adjusted profit before tax
is expected to be comfortably ahead of the consensus market
forecast of £17.9m (2023: £16.8m). The balance sheet remains
strong, with net cash at the financial year-end increased to £29.8m
(30 September 2023: £24.7m).
Total new orders signed in the year
were significantly greater than in any previous year, reflecting
new customer wins as well as the growing value of the installed
base. The full benefit of these new orders is still to come
through. New orders secured in the period included two major new
customer agreements; a €12.4m win signed in early November 2023
with Virgin Media Ireland and an $11.1m contract signed in May 2024
with a leading provider of connectivity solutions in Southern
Africa. As part of its expanding commitment to near-shoring in
Bulgaria, the Company also moved to a new office in Sofia, in line
with its growth plans.
The Company has entered the new
financial year with a robust back-order book* and a strong sales
pipeline, which includes some large opportunities. The Board
continues to view growth prospects very positively.
Notice of Results
Full year results are due to be
reported in late November 2024, when the Company will also provide
a further update on current trading.
*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.
Enquiries:
|
Cerillion plc
|
c/o KTZ Communications
|
|
Louis Hall, CEO
|
T: 020 3178 6378
|
|
Andrew Dickson, CFO
|
|
|
|
|
|
Panmure Liberum (Nomad and Joint Broker)
|
T: 020 3100 2000
|
|
Bidhi Bhoma, Edward Mansfield,
Matthew Hogg, Freddie Wooding
|
|
|
|
|
|
Singer Capital Markets (Joint Broker)
|
T: 020 7496 3000
|
|
Rick Thompson, 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.45 countries. Headquartered in London,
Cerillion also has operations in India and Bulgaria, as well as
sales presence in the USA, Singapore and Australia.