Trading Update

RNS Number : 9876B

Cerillion PLC

10 April 2017

 

10 April 2017

AIM: CER

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 first six months, ending 31 March, of its current financial year.

The first half of the year has progressed well and results are anticipated to be in line with management expectations, with revenues of c. £7.5m (2015: £6.9m) and EBITDA of c. £1.5m (2015: £1.1m), increases of 9% and 36% respectively compared with the same period in the previous financial year.

The Board expects to announce interim results in mid-June, when it will provide a further update on trading.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"We are pleased with the progress Cerillion has made in the first half, which has included some important new contract wins, and look forward to providing an update on trading when we present our interim results in June.

For further information please contact:

Cerillion plc Louis Hall, CEO		c/o KTZ Communications T: 020 3178 6378
Shore Capital (Nomad and Broker)		T: 020 7408 4090
Bidhi Bhoma Toby Gibbs
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis Emma Pearson

About Cerillion

Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has 75 customer installations across 40 countries, principally serving the telecommunications market but also utilities and financial services.

Led by a highly experienced management team, the Company is headquartered in London and also has operations in Cambridge, Miami and Pune, India where its Global Solutions Centre is located. Cerillion's CEO, Louis Hall, led the management buyout from Logica plc in 1999. The Company has a clear growth strategy, which includes exploring potential acquisitions, expansion in the US and Australia and leveraging its recently launched, real-time convergent charging solution and its SaaS-based billing solution, Cerillion Skyline. 

 

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