# Cerillion plc: Strong order backlog, robust pipeline and telecom drivers underpin confidence (LON:CER)

- Link: https://www.directorstalkinterviews.com/cerillion-plc-strong-order-backlog-robust-pipeline-and-telecom-drivers-underpin-confidence-loncer/4121062897
- Published: 2022-05-03T14:01:41+01:00
- Author: Darren Turgel

**[Cerillion plc](https://www.directorstalkinterviews.com/company/cerillion-plc/cer.l)**(
[LON:CER](https://www.directorstalkinterviews.com/company/cerillion-plc/cer.l)) 
is the topic of conversation when Darren Turgel MD at DirectorsTalk caught up with
Ciaran Donnelly Technology & Media Analyst at Liberum Equity Research.

**What stood out in Cerillion’s H1 2022 trading update?**

Cerillion, for the second consecutive year, has reported its strongest ever six-
month trading period for H1’22. Sales were +26% yoy. The H1 adjusted EBITDA of c.
£7.1m was +48% yoy, representing a margin of c.44%.

This positive trading update, the strong order backlog and the robust pipeline underpins
our confidence in the business. Cerillion’s strong balance sheet, underpinned by
its net cash position of £16.5m provides the business with the cash to continue 
to re-invest in the business to support long term growth and opportunistically look
at M&A should management choose to, in order to add either talent or technological
capabilities to further support / accelerate growth.

**What is your view on Cerillion’s future earnings profile and what’s driving it?**

The strong performance in H1 suggests good momentum in the business and is reflective
of the on-going work on new customer implementation projects and strong demand from
existing customers. This is against a wider back drop of continuing strength in 
demand for telecoms services and substantial on-going investment in 5G and fibre
rollout.

[**Cerillion plc**](http://www.cerillion.com/) ([LON:CER](https://www.directorstalkinterviews.com/cerillion-plc/cer.l))
is a leading provider of billing, charging and customer management systems with 
more than 20 years’ experience delivering its solutions across a broad range of 
industries including the telecommunications, finance, utilities and transportation
sectors.

It has established a reputation within the global telecoms market for being a leading
supplier of carrier-grade, enterprise billing and CRM software, supporting fixed
wire, mobile, broadband and TV communications service providers.

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