Cerillion expects to deliver £20.9m revenue in H1 (PY: £22.5m) and in this context, EBITDA margins have held up very well at 48% (PY: 49%) such achieving £10m EBITDA. This was partly thanks to improved Services day-rates, which compensated for lower licence sales, as this year renewals/expansions are expected to be H2 weighted (vs H1 weighted in the comp). One such opportunity is a major expansion with a European customer and in-so-doing, this highlights how revenue/growth is principally driven ....
