Saas CRM and billing provider expects revenues to be around £7.5m for the first half
Companies: Cerillion Plc
Shares in Cerillion opened up 2% on Monday after the CRM and billing software provider told investors it was pleased with the progress made in the first half, and anticipated results to be in-line with expectations in its full-year results.
In trading for the first six months ending 31 March, the AIM-listed micro cap said it expected revenues to be around £7.5m, with EBITDA coming in at about £1.5m, 9% and 36% ahead YoY respectively. Its consensus expectations for the full-year are £15.8m in sales and £2.53m in net profit.
2013 | 2014 | 2015 | 2016 | 2017E | |
Revenue | 13.3 | 13.3 | 14 | 8.36 | 15.8 |
Operating Profit | 2.37 | 2.63 | 2.14 | 0.43 | |
Net Profit | 2.08 | 2.47 | 2.06 | 0.31 | 2.53 |
CEO Louis Hall said he was pleased with the progress the business was making, including some significant contract wins.
Since listing last year, Cerillion shares have increased 70%. The firm is currently trading around 136p after coming off slightly since highs of 150p in January. Its forward P/E of about 16x is roughly in line with its sector.