Cerillion H1 results expected to set new highs for revenue and adjusted EBITDA

Cerillion

Cerillion plc (LON:CER), the billing, charging and customer relationship management software solutions provider, has announced an update on trading for the first six months of its current financial year ending 30 September 2024.

Results for the six-months ended 31 March 2024 are expected to set new highs for revenue and adjusted EBITDA. Revenue is expected to be approximately £22.5m (H1 2023: £20.5m) and adjusted EBITDA approximately £10.9m (H1 2023: £9.9m), both 10% higher year-on-year. Net cash at 31 March 2024 has increased to approximately £26.6m (31 March 2023: £23.6m), providing a very firm underpinning to the Company’s strong balance sheet.  

The first half performance reflects ongoing strong demand from customers and the trading backdrop remains favourable. Telco digital transformation, the transition to Software-as-a-Service solutions and investment in enterprise software to achieve revenue and efficiency gains remain key features of the market, and consequently the Company’s sales pipeline is strong. It includes a number of substantial potential new contracts, which are at various stages of the negotiation process. The Board believes that Cerillion remains well-placed to meet market expectations for the current financial year and beyond.

Notice of results

The Board expects to announce interim results on 13 May 2024, and will provide a further update on current trading at that time. 

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Is Wi-Fi becoming the telecoms industry’s forgotten network?

Wi-Fi is no longer simply the final step between a broadband router and a customer's device, and telecoms operators have an opportunity to make it a more central part of how connectivity is delivered and managed.

Telecoms BSS and OSS projects need wider business focus

Cerillion argues that BSS and OSS transformation works best when technology, commercial and operational teams are aligned around the wider business changes required to modernise telecoms systems.

Cerillion completes major Telesur billing software upgrade

Cerillion has completed the implementation of its latest BSS/OSS suite for Suriname-based telecoms provider Telesur, adding new promotions, AI-powered automation, enhanced customer data management and expanded integration capabilities.

Why Romania’s telecom network is ahead of the UK

Romania’s experience shows how regulation, competition and infrastructure costs can directly influence the quality and investment potential of a telecom market.

Starlink’s telecoms expansion could reshape network economics

Starlink’s expansion into a hybrid telecoms model highlights growing network complexity and the need for flexible telecoms software platforms.

Cerillion targets new telecom revenue opportunities as network APIs expand

Cerillion is positioning its BSS/OSS platform to help telecom operators monetise network APIs as authentication and fraud-prevention services evolve.

Search