Netcall PLC Trading Update (5097V)

TIDMNET

RNS Number : 5097V

Netcall PLC

24 July 2018

24 July 2018

Netcall plc

("Netcall" or the "Company")

Trading Update

Netcall plc (AIM: NET), a leading provider of low-code and customer engagement software, today announces the following trading update for the 12 months ended 30 June 2018:

The Board is pleased to report on a transformational year, driven by the successful acquisition and integration of the market leading low-code platform provider, MatsSoft. Strong order inflow and the ongoing transition to a higher proportion of SaaS-based contracts, means adjusted EBITDA for the year is expected to be approximately 20% higher than the prior year at GBP5.4m (FY17: GBP4.5m).

The strategic fit between the MatsSoft and Netcall offerings has been demonstrated through initial cross and up-sales, alongside new international sales and partnership deals. This has resulted in significant revenue growth for MatsSoft compared to the prior period and a return to revenue growth of the Netcall business. Other highlights of the year include MatsSoft being the only UK vendor recognised in the newly published Gartner Magic Quadrant for high productivity platforms and the renewal of MatsSoft's largest customer in a four-year contract worth a minimum of GBP3.7m.

At 30 June 2018 net debt was GBP0.7m comprising GBP5.8m of cash less GBP6.5m of loan notes.

Henrik Bang, CEO of Netcall, commented: "We are delighted with the success of MatsSoft which, in the year of its acquisition and integration, performed well. Low-code is accelerating digital transformation by putting the power of software creation into the hands of business users and organisations are still in the early stages of adopting this technology. With the current strong sales pipeline, the Board believe Netcall is well positioned for ongoing success."

For further enquiries, please contact:

 
Netcall plc                                 Tel. [phone] 
                                             6100 
Henrik Bang, CEO 
 Michael Jackson, Chairman 
 James Ormondroyd, Group Finance Director 
 
 
finnCap Limited (Nominated Adviser          Tel. [phone] 
 and Broker)                                 0500 
Stuart Andrews / James Thompson, Corporate 
 Finance 
Tim Redfern, Corporate Broking 
 
 
Alma PR                                     Tel. [phone] 
                                             4218 
Caroline Forde / Josh Royston / Robyn 
 Fisher 
 

About Netcall plc

Netcall is a UK company quoted on the AIM market of the London Stock Exchange. Netcall helps organisations transform their customer engagement activities and enable digital transformation faster and more efficiently, thereby improving customer experiences and operational efficiencies. Netcall's software product portfolio comprises Liberty, a customer engagement platform, incorporating omnichannel contact centre and workforce optimisation, and a leading low-code platform MATS.

Netcall has over 700 customers in both the private and public sectors. These include two-thirds of the NHS Acute Health Trusts, major telecoms operators such as BT and Vodafone, and leading organisations including Interflora, Lloyds Banking Group, ITV and Nationwide Building Society.

For further information, please consult the Netcall website: www.netcall.com.

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July 24, 2018 02:00 ET (06:00 GMT)