Share Name Share Symbol Market Type Share ISIN Share Description
Netcall Plc LSE:NET London Ordinary Share GB0000060532 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 83.50 82.00 85.00 84.00 83.50 84.00 53,781 08:00:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 27.2 1.0 0.7 126.5 124

Netcall PLC Trading Update and Notice of Results

19/07/2021 7:00am

UK Regulatory (RNS & others)

Netcall (LSE:NET)
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RNS Number : 5763F

Netcall PLC

19 July 2021

19 July 2021


("Netcall", the "Company" or the "Group")

Trading Update and Notice of Results

Strong growth in profitability driven by uptake of cloud services

Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, today announces its trading update for the year ended 30 June 2021.

The Board anticipates full year results to be in line with market expectations, which were updated at the interim results, with revenue growth of approximately 8% to GBP27.2m (FY20: GBP25.1m) and adjusted EBITDA growth of approximately 20% to GBP5.3m (FY20: GBP4.4m).

Cloud services annual contract value ('ACV')(1) increased 25% to GBP9.4m (FY20: GBP7.5m), and now represents more than half of total ACV which increased 10% to GBP18.5m (FY20: GBP16.8m).

The Group's cash position at 30 June 2021 was GBP14.5m (31 December 2020: GBP12.9m). The normalised cash position increased to GBP13.1m (31 December 2020: GBP10.7m), excluding deferred VAT, which exceeds borrowings of GBP6.9m (31 December 2020: GBP6.8m).

The Group intends to announce audited results for the year ended 30 June 2021 on 6 October 2021.

Henrik Bang, CEO of Netcall, commented :

"Netcall delivered another strong performance with increased uptake of our Liberty platform and I am pleased to report good growth in both revenue and profitability.

"Sales momentum was particularly robust for our cloud solutions which experienced good demand across our key markets. As a result, Cloud recurring revenue exited the period as the Group's biggest revenue stream growing 26% during the year.

"We enter the new year with a strong pipeline and a substantial market opportunity, supported by an extensive customer base and expanding product offering. This, combined with a healthy balance sheet and high levels of recurring revenue, provide the Board with confidence in the Group's continued success."

(1) ACV, as of a given date, is the total of the value of each cloud and support contract divided by the total number of years of the contract.

For further enquiries, please contact:

 Netcall plc                                Tel. +44 (0) 330 333 6100 
 Henrik Bang, CEO 
 Michael Jackson, Chairman 
 James Ormondroyd, Group Finance Director 
 Canaccord Genuity Limited (Nominated       Tel. +44 (0) 20 7523 8000 
  Adviser and Broker) 
 Simon Bridges / Andrew Potts 
 Alma PR                                    Tel. +44 (0) 20 3405 0205 
 Caroline Forde / Hilary Buchanan 
  / Robyn Fisher 

About Netcall

Netcall's Liberty software platform with Intelligent Automation and Customer Engagement solutions helps organisations transform their businesses faster and more efficiently, empowering them to create a leaner, more customer-centric organisation.

Netcall's customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts and leading corporates such as Legal and General, Lloyds Banking Group, ITV and Nationwide Building Society.

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

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(END) Dow Jones Newswires

July 19, 2021 02:00 ET (06:00 GMT)

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