Share Prices & Company Research

Market News

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
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.