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 2023.
Trading has been very strong, with the six-month period ended 31 March 2023 setting new records for both revenue and adjusted EBITDA. Revenue is expected to be 27% higher year-on-year at approximately £20.5m (H1 2022: £16.1m) and adjusted EBITDA is expected to be 38% higher at approximately £9.9m (H1 2022: £7.2m). Net cash at 31 March 2023 is up by 43% to approximately £23.6m (31 March 2022: £16.5m), further underpinning the Company’s strong balance sheet.
The excellent performance in the first half reflects strong demand from customers, against a wider back-drop of continuing strength in demand for telecoms services and substantial on-going investment in 5G and fibre rollout.
Cerillion’s sales pipeline remains strong and this, together with the record performance in the first half of the year, underpins the Board’s confidence that trading for the full year will be in line with consensus market forecasts.
Notice of results
The Board intends to announce interim results for the six months to 31 March 2023 in mid-May 2023, when the Cerillion Plc will provide a further update on current trading.
