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28 Oct 2019 | 08:07

Cerillion expects annual results to meet market expectations

Cerillion said it expected annual results to meet market expectations as momentum increased in the second half of the year.

For the financial year ended 30 September 2019, the company said it expected revenue to rise 8% to about £18.7m, and adjusted Ebitda up by 14% to about £4.5m.

The company's net cash position had grown strongly year-on-year and was expected to stand at about £5.0m, which was ahead of market forecasts, Cerillion said.

As anticipated, trading had been significantly second-half weighted due 'to the timing of contract closures,' it added.

Three major contracts were signed in the second half, with those new wins 'continuing the trend towards larger deal sizes.'

At 8:07am: (LON:CER) Cerillion Plc share price was +1.5p at 190p

Story provided by StockMarketWire.com
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