George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCerillion Regulatory News (CER)

Share Price Information for Cerillion (CER)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,550.00
Bid: 1,530.00
Ask: 1,570.00
Change: 25.00 (1.64%)
Spread: 40.00 (2.614%)
Open: 1,525.00
High: 1,550.00
Low: 1,525.00
Prev. Close: 1,525.00
CER Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Half Year Trading Update

20 Apr 2020 07:00

RNS Number : 0942K
Cerillion PLC
20 April 2020
 

20 April 2020

AIM: CER

 Cerillion plc

("Cerillion" or "the Company")

 

Half Year Trading Update

 

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce an update on trading for the first six months of its current financial year ending 30 September 2020, and comments on the impact of the coronavirus pandemic on the business.

 

The Company's primary focus is the safety and welfare of its staff and customers. Management is monitoring government guidance regarding the coronavirus pandemic and has taken action to ensure that all staff are able to operate safely while continuing to provide the full range of the Company's services to customers.

 

Trading Update

 

Cerillion has traded strongly in the six months to 31 March 2020, in line with management expectations. This reflects the four major new contracts signed from mid-June onwards in 2019 as well as continuing demand from existing customers. Prospects for the remainder of the financial year continue to look very positive.

 

Revenue for the first half is expected to total approximately £10.2m, an increase of 46% on the comparative period last year (H1 2019: £7.0m), although the timing of the closure of major contracts in 2019 resulted in that year being more second-half weighted than normal. Adjusted EBITDA is expected to be £2.7m (H1 2019: £0.4m), a record first half since the Company was admitted to AIM in 2016.

 

The Company's balance sheet remains strong, with net cash at 31 March 2020 of £4.8m (31 March 2019: £2.6m).

Reflecting the momentum in the business, the Company has added further resource, and its sales pipeline remains encouraging. In April, the Company agreed a major upgrade and a five year contract extension with Manx Telecom, a long-established customer, in which Manx Telecom moved to a new SaaS agreement.

 

In the period, the Company also released Cerillion 8.1, the latest version of its enterprise OSS/BSS suite for fixed, mobile, cable and multi-service operators. The new software provides customers with significant operational efficiencies, drives customer engagement through mobile devices, and opens new channels for customer growth including through Mobile App, which enables in-app purchases.

 

Coronavirus Pandemic

 

While additional precautions are being taken regarding staff safety, the Company has not experienced any slowdown in trading activity to date. Cerillion's customers are predominantly telecommunications operators providing critical infrastructure and services, and operators are currently typically seeing strong data traffic levels arising from national 'lockdowns' across the globe. The Board therefore believes that there is a substantial degree of resilience to Cerillion's business model.

 

Notice of results

 

The Board intends to announce interim results for the six months to 31 March 2020 in mid-May 2020, when the Company will provide a further update on current trading. 

 

Louis Hall, Chief Executive of Cerillion, commented:

 

"Trading continues to show strong momentum, reflecting last year's record level of major new orders, and we have recruited more staff to support ongoing growth. We remain confident about prospects for the remainder of the year, given the existing strong order book, and the pipeline of potential new business remains encouraging.

 

"Cerillion's long-term prospects remain very positive, underpinned by the quality and growing relevance of our product offering, which is gaining increasing market recognition, as well as the growth opportunities we see in our market."

 

 

 

Cerillion plc

c/o KTZ Communications

Louis Hall, CEO

T: 020 3178 6378

Oliver Gilchrist, CFO

Liberum (Nomad and Broker)

T: 020 3100 2000

Bidhi Bhoma, Euan Brown, William Hall

KTZ Communications

T: 020 3178 6378

Katie Tzouliadis, Dan Mahoney

 

 

 

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 over 90 customer installations across over 40 countries.

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTMZGMDKNLGGZM
Date   Source Headline
13th Mar 20247:00 amRNSShare Purchase
13th Feb 20245:27 pmRNSTR-1 Notification
13th Feb 20245:22 pmRNSTR-1
1st Feb 20243:30 pmRNSResult of AGM
15th Dec 20234:15 pmRNSPosting of Annual Report and Notice of AGM
21st Nov 20235:34 pmRNSPDMR Shareholding
20th Nov 20237:00 amRNSFinal Results
17th Nov 20237:00 amRNSNotice of Results and Online Presentation
7th Nov 20237:00 amRNSLatest product release incorporates Generative AI
2nd Nov 20237:00 amRNSMajor new customer win with Tier-1 Telco
16th Oct 20237:00 amRNSTrading Update
25th Sep 202311:53 amRNSHolding(s) in Company
6th Jul 20237:00 amRNSCompletion of Initial Implementation at Telesur
21st Jun 20237:00 amRNSMajor new contract
22nd May 20237:00 amRNSGartner Market Guide Reports
15th May 20237:00 amRNSHalf-year Report
4th May 20237:00 amRNSDate of Interim Results and Investor Presentation
17th Apr 20237:00 amRNSH1 2023 Trading Update
31st Mar 20237:00 amRNSMajor New Contract
23rd Mar 20234:35 pmRNSPrice Monitoring Extension
14th Mar 20232:32 pmRNSHolding(s) in Company
21st Feb 20237:00 amRNSCompletion of Major Implementation
2nd Feb 20232:19 pmRNSResult of AGM
20th Jan 20234:40 pmRNSSecond Price Monitoring Extn
20th Jan 20234:35 pmRNSPrice Monitoring Extension
28th Dec 20227:00 amRNSGrant of Options and PDMR Shareholding
15th Dec 20225:20 pmRNSHolding(s) in Company
2nd Dec 20222:35 pmRNSHolding(s) in Company
30th Nov 20226:29 pmRNSPDMR and PCA shareholding
30th Nov 202211:18 amRNSHolding(s) in Company
28th Nov 20227:00 amRNSFinal Results
23rd Nov 20227:00 amRNSNotice of Results and Investor Presentation
2nd Nov 20225:49 pmRNSHolding(s) in Company
2nd Nov 202212:40 pmRNSHolding(s) in Company
26th Oct 20227:00 amRNSRelease of latest version of flagship product set
24th Oct 20227:00 amRNSTrading Update
6th Oct 20227:00 amRNSAppointment of Joint Broker
25th Aug 20223:48 pmRNSGrant of Options
8th Aug 20223:08 pmRNSHolding(s) in Company
28th Jul 20224:35 pmRNSPrice Monitoring Extension
19th Jul 20227:00 amRNSHolding(s) in Company
6th Jul 20227:00 amRNSMajor Contract Win
13th May 20227:33 amRNSDirector Share Purchase
9th May 20227:00 amRNSInterim Results Presentation
9th May 20227:00 amRNSInterim Results
25th Apr 202210:13 amRNSHolding(s) in Company
19th Apr 20227:00 amRNSH1 2022 Trading Update
6th Apr 20227:00 amRNSCerillion Client MVN-X Reaches Million Subscribers
7th Mar 20227:00 amRNSWins Prestigious Megabuyte Performance Award
2nd Mar 20227:00 amRNSExercise of Options, PDMR Shareholding & TVR

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.