Business
Trading Update and Notice of Results
Trading Update and Notice of Results.
About this update from Cerillion Plc
[{"type":"text","content":"\n \nRNS Number : 8177X Cerillion PLC 02 May 2019 \n\n2 May 2019\nAIM: CER\nCerillion plc\n(\"Cerillion\" or \"the Group\") \nTrading Update and Notice of Results\n \nCerillion, the billing, charging and customer relationship management software solutions provider, provides a trading update on the first six months of its current financial year ending 30 September 2019.\n \nTrading in the first six months of the financial year has been encouraging, with a major new contract worth an initial USD 6.8 million signed in February and additional major contracts worth in excess of £10.0 million, progressing to final stages. Once signed, these contracts will make a substantial contribution to the second half, with profitability in particular benefiting from the significant high margin licence components. Accordingly, the Board anticipates that the Group's results for the current financial year will be significantly weighted towards the second half, and that the Company remains on track to meet current market forecasts for the full year. \n \nResults for the first half will be behind the same period last year, given the timing of contract closures, with revenue expected to be approximately £7.0m (2018: £8.4m) and adjusted EBITDA approximately £0.4m (2018: £1.6m). \n \nThe Group intends to publish interim results on 20 May 2019 and will provide a further update on current trading at that time.\n \n \nFor further information please contact:\n \n\n\n\nCerillion plc\nLouis Hall, CEO\nOliver Gilchrist, CFO\n\n\n\n\n\nc/o KTZ Communications\nT: 020 3178 6378\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShore Capital (Nomad and Broker)\n\n\n\n\n\nT: 020 7408 4090\n\n\n\n\nToby Gibbs, Mark Percy\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKTZ Communications\n\n\n\n\n\nT: 020 3178 6378\n\n\n\n\nKatie Tzouliadis, Dan Mahoney\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nAbout Cerillion\nwww.cerillion.com\n \nCerillion has a 19-year track record in providing mission-critical software for billing, charging and customer relationship management (\"CRM\"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has approximately 90 customer installations across 44 countries.\n \nHeadquartered in London, Cerillion has operations in Pune, ...