Trading Update

RNS Number : 6325E

Cerillion PLC

22 October 2018

 

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Trading Update

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to provide a trading update for its financial year ended 30 September 2018. 

Results for the year are expected to be in line with current market expectations, with revenues up by 8% year-on-year to circa £17.4m and adjusted EBITDA up by 9% to circa £3.9m.

Trading in the second half of the financial year has been very encouraging, well supported by new orders. The Company is advancing with contract negotiations with major potential new customers, and its new business pipeline, including the range and quality of opportunities, remains very positive. 

The Company intends to announce full year results towards the end of November. 

Cerillion plc	c/o KTZ Communications
Louis Hall, CEO	T: 020 3178 6378
Oliver Gilchrist, CFO
Shore Capital (Nomad and broker)	T: 020 7408 4090
Toby Gibbs, Mark Percy
KTZ Communications	T: 020 3178 6378
Katie Tzouliadis, Emma Pearson

About Cerillion

www.cerillion.com

Cerillion is a leading provider of mission critical software for billing, charging and CRM. The Company has over 80 customer installations across over 40 countries, principally serving the telecommunications market.

Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami and Sydney.

 

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