Netcall PLC Trading Update and Notice of Results (3204O)
29 Enero 2019 - 1:00AM
UK Regulatory
TIDMNET
RNS Number : 3204O
Netcall PLC
29 January 2019
29 January 2019
NETCALL PLC
("Netcall", the "Company", or the "Group")
Half Year Trading Update and Notice of Results
Netcall plc (AIM: NET), a leading provider of Low-code and
customer engagement software, today announces its trading update
for the six month period ended 31 December 2018.
The Board anticipates first-half revenues of approximately
GBP11.4m (H1 2017: GBP10.7m) and adjusted EBITDA(1) of
approximately GBP2.0m.
Cloud and product bookings(2) in the period increased by 96%
year over year to GBP5.2m of which cloud alone increased by 818% to
GBP4.0m. As a result, the Group, in line with its strategy, reached
an inflection point where the Annual Contract Value ('ACV')(3) of
new cloud bookings exceeded product sales for the first time in a
six month reporting period.
Total Low-code ACV as at 31 December 2018 increased by 40% year
over year to GBP4.2m (H1 2017: GBP3.0m) and the total ACV increased
by 10% year over year to GBP15.1m (H1 2017: GBP13.7m).
The Group held cash of GBP5.8m and net debt was GBP0.8m as at 31
December 2018.
Henrik Bang, Chief Executive, said:
"We have seen double-digit growth in our key financial measures
of order bookings and Annual Contract Value. This was driven by
strong growth in Low-code sales, increasing the forward visibility
of our revenue.
"Accelerated investment into our cloud Low-code offering is
further enhancing our ability to address considerable and growing
demand for our full range of customer engagement solutions. We have
seen substantial growth in our cloud business over the period and
signed a number of notable multi-year contracts.
"We are trading in line with our expectations for the year. As a
result of the transition to a cloud-based recurring revenue model,
and the timing of product sales, the Board expects revenues for the
year to be more weighted toward the second half."
Notice of Results
Netcall will be announcing interim results for the six-month
period ended 31 December 2018 on 5 March 2019.
(1) Profit before interest, tax, depreciations and amortisation
adjusted to exclude the effects of acquisition, impairment,
contingent consideration and non-recurring transaction costs. The
forecast is based on unaudited management accounts for the 6 months
ended 31 December 2018.
(2) Cloud and product bookings is the total of all new orders
received classified as cloud subscription and support, product and
first year support contract revenues.
(3) ACV, as of a given date, is the total of the value of each
cloud and support contract divided by the total number of years of
the contract.
For further enquiries, please contact:
Netcall plc Tel. +44 (0) 330
333 6100
Henrik Bang, CEO
Michael Jackson, Chairman
James Ormondroyd, Group Finance Director
finnCap Limited (Nominated Adviser and Broker) Tel. +44 (0) 20
7220 0500
Stuart Andrews / James Thompson, Corporate
Finance
Tim Redfern, Corporate Broking
Alma PR Tel. +44 (0) 20
3405 0212
Caroline Forde / Hilary Buchanan / Helena
Bogle
About Netcall plc
Netcall is a UK company quoted on the AIM market of the London
Stock Exchange. Netcall helps organisations transform their
customer engagement activities and enable digital transformation
faster and more efficiently, thereby improving customer experiences
and operational efficiencies. Netcall's software product portfolio
comprises Liberty, a customer engagement platform, incorporating
omnichannel contact centre and workforce optimisation, and MATS, a
market leading Low-code platform.
Netcall's customers span enterprise, healthcare and government
sectors. These include two-thirds of the NHS Acute Health Trusts,
major telecoms operators such as BT, and leading organisations
including Lloyds Banking Group, ITV and Nationwide Building
Society.
For further information, please go to www.netcall.com.
Prior to publication the information communicated in this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No 596/2014 ('MAR') With the publication of this announcement, this
information is now considered to be in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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