Business
Half-year Report
Half-year Report.
About this update from Cerillion Plc
[{"type":"text","content":"\n\nAIM: CER\nCerillion plc\n(\"Cerillion\", the \"Company\" or the \"Group\")\n \nInterim results\nfor the six months ended 31 March 2023\n \nRecord Six-month Period and Strong Prospects\nCerillion plc, the billing, charging and customer relationship management software solutions provider, today issues its interim results for the six months ended 31 March 2023.\n\n\n\n\nResults\n\n\nH1 2023\n\n\nH1 2022\n\n\nChange\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£20.5m\n\n\n£16.1m\n\n\n+27%\n\n\n\n\nAnnualised recurring revenue1\n\n\n£13.1m\n\n\n£9.8m\n\n\n+34%\n\n\n\n\nAdjusted EBITDA3\n\n\n£10.0m\n\n\n£7.2m\n\n\n+38%\n\n\n\n\nStatutory EBITDA\n\n\n£9.9m\n\n\n£7.1m\n\n\n+39%\n\n\n\n\nAdjusted EBITDA margin\n\n\n48.9%\n\n\n44.9%\n\n\n+400bps\n\n\n\n\nAdjusted profit before tax4\n\n\n£9.2m\n\n\n£6.3m\n\n\n+46%\n\n\n\n\nStatutory profit before tax\n\n\n£8.6m\n\n\n£5.7m\n\n\n+52%\n\n\n\n\nAdjusted basic earnings per share5\n\n\n25.5p\n\n\n18.6p\n\n\n+37%\n\n\n\n\nStatutory basic earnings per share\n\n\n23.5p\n\n\n16.4p\n\n\n+43%\n\n\n\n\nDividend per share\n\n\n3.3p\n\n\n2.6p\n\n\n+27%\n\n\n\n\nNet cash\n\n\n£23.6m\n\n\n£16.5m\n\n\n+43%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial\n· Revenue up 27% to £20.5m (H1 2022: £16.1m), reflecting ongoing major implementation projects for new customers and new orders from existing customers\n· Annualised recurring revenue1 at 31 March 2023 up 34% to £13.1m (H1 2022: £9.8m), mainly driven by increased uptake of managed services\n· Adjusted EBITDA3 up 38% to £10.0m (H1 2022: £7.2m)\n· Adjusted profit before tax4 up 46% to £9.2m (H1 2022: £6.3m)\n· Adjusted earnings per share5 up 37% to 25.5p (H1 2022: 18.6p)\n· Back-order book2 up 8% to £43.0m (H1 2022: £39.7m)\n· Total new orders up 40% to £15.3m (H1 2022: £10.9m)\n· New customer pipeline up 23% to a record £212.0m (H1 2022: £172.0m)\n· Net cash up 43% to £23.6m (31 March 2022: £16.5m)\n· Interim dividend up 27% to 3.3p (H1 2022: 2.6p)\nOperational\n· Continuing to build teams at new offices in Sofia, Bulgaria and in Ahmedabad and Indore, India\n· Two major new contracts signed in the period with existing cust...