Cerillion Regulatory News (CER)

16 April 2018

AIM: CER

Cerillion plc

("Cerillion" or "the Group")

Trading Update and Notice of Results

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, is pleased to provide a trading update on the first six months of its current financial year ending 30 September 2018.

Group revenue for the first half is expected to total c.£8.4m, an increase of 12% year-on-year (2017: £7.5m) and in line with management expectations. The mix of software revenue, services revenue and third party income returned to a more normalised weighting compared to the same period last year, which benefited from an exceptionally high level of software licence sales to existing customers. EBITDA in the first half is expected to be c.£1.4m (2017: £1.5m), with the difference mainly accounted for by adverse currency movements. On a constant currency basis, the Company estimates that EBITDA is approximately 13% ahead year-on-year.

The Group is in tender discussions for a number of significant contracts, which if successful, will underpin ongoing growth in the second half of the financial year and beyond. 

Notice of results

Cerillion will announce its interim results for the six months to 31 March 2018 on Monday 14 May 2018, when the Board will provide a further update on current trading. 

For further information please contact:

About Cerillion

www.cerillion.com

Cerillion is a leading provider of mission critical software for billing, charging and CRM, with an 18 year track record in providing comprehensive revenue and customer management solutions. The Company has approximately 80 customer installations across over 40 countries, principally serving the telecommunications market.

The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located, Miami and Sydney.