Cerillion PLC Trading Update (9870V)

TIDMCER

RNS Number : 9870V

Cerillion PLC

22 April 2016

22 April 2016

AIM: CER

Cerillion plc

("Cerillion" or "the Company" or "the Group")

Trading Update

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to provide an update on trading for the first six months, ending 31 March, of its current financial year.

The first half of the year has progressed well and results are anticipated to be in line with management expectations, with revenues of c. GBP6.9m and EBITDA of c. GBP1.1m, an increase of 11% and 21% respectively compared with the same period in the previous financial year.

The Board expects to announce interim results for the half year in late May, when it will provide a further update on trading.

Louis Hall, Chief Executive Officer of Cerillion, commented:

"We are pleased with the progress Cerillion has made in the first half, which included the Company's successful admission to AIM. The business has continued to trade well and we look forward to updating the market on our continuing progress when we present our first set of results in May."

For further information please contact:

 
 Cerillion plc                c/o KTZ Communications 
  Louis Hall, CEO              T: 020 3178 6378 
 
 Shore Capital (Nomad and     T: 020 7408 4090 
  Broker) 
 Bidhi Bhoma 
  Toby Gibbs 
 
 KTZ Communications           T: 020 3178 6378 
 Katie Tzouliadis 
  Viktoria Langley 
  Emma Pearson 
 
 

About Cerillion

Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has 75 customer installations across 40 countries, principally serving the telecommunications market but also utilities and financial services.

Led by a highly experienced management team, the Company is headquartered in London and also has operations in Cambridge, Miami and Pune, India where its Global Solutions Centre is located. Cerillion's CEO, Louis Hall, led the management buyout from Logica plc in 1999. The Company has a clear growth strategy, which includes exploring potential acquisitions, expansion in the US and Australia and leveraging its recently launched, real-time convergent charging solution and its SaaS-based billing solution, Cerillion Skyline.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 22, 2016 02:00 ET (06:00 GMT)