Full Year Trading Update
Revenue guidance reduced to £46m-£48m, below consensus of £52.8m, due to delayed customer orders.
vs expectations: below
- Revenue estimate £46m - £48m
- Adjusted EBITDA margin estimate 43% - 45%
- Prior year revenue £45.4m
- Prior year adjusted EBITDA margin 50.9%
- Consensus revenue forecast £52.80m
- Consensus adjusted EBITDA margin 45.2%
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Cerillion, the billing, charging and customer relationship management software solutions provider, announces an update on trading for the current financial year ending 30 September 2026.
On 1 June 2026, the Company reported in its interim results statement that there was a significant second-half weighting to the current year's results. While the second-half results will be significantly ahead of the first-half, it is now apparent to the Board that the year's outturn will be behind consensus market forecasts*. Revenue is now estimated to be in the range of £46m - £48m, with adjusted EBITDA margin in the range of 43% - 45%. In the prior financial year, revenue was £45.4m and adjusted EBITDA margin was 50.9%.
The main reason for the shortfall is that some anticipated new and existing customer orders have been delayed or deferred. This included software licence expansions and upgrades. Major implementations are progressing, with the transformation project at UCom nearing completion and software installation having been completed at Omantel. The back-order book remains strong, the new customer pipeline remains healthy and the balance sheet is very robust.
Full year results are expected to be announced at the end of November 2026.
*The consensus revenue prior to this announcement was £52.80m and consensus adjusted EBITDA margin was 45.2%.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.