Netcall PLC Trading Update and Notice of Results
RNS Number : 4876G
24 July 2019
24 July 2019
("Netcall", the "Company", or the "Group")
Trading Update and Notice of Results
Netcall plc (AIM: NET), a leading provider of Low-code and
customer engagement software, today announces the following trading
update for the 12 months ended 30 June 2019.
The Board anticipates full year revenues of GBP22.9m (FY18:
GBP21.9m) and adjusted EBITDA(1) of GBP3.4m.
Cloud services bookings(2) increased by 197% to GBP7.6m
illustrating strong momentum in our cloud business.
Total Low-code Annual Contract Value ('ACV')(3) has continued
its growth and is up 36% year over year to GBP4.5m and the total
ACV increased 10% year over year to GBP15.7m.
Cash generation has been strong and at 30 June 2019 the Group's
cash position was GBP7.8m, ahead of the Board's expectations and
more than offsetting the existing debt of GBP6.6m.
Henrik Bang, CEO of Netcall plc, commented,
"We have seen strong growth in our key financial metrics of
Cloud services bookings and ACV as we continue to transition from a
traditional software business to a growing digital cloud
"The Group's cloud services bookings exceeded traditional
product sales for the full year which was mainly driven by strong
Low-code sales to both new and existing customers. The combination
of our powerful customer engagement software and our leading
Low-code platform is a clear differentiator for Netcall in its
"As we continue to execute our Low-code investment plan, the
Liberty business provides strong cash-flow for the Group. As a
result, the Group's cash position increased significantly in the
period which combined with high recurring revenues and a strong
product portfolio, gives the Board confidence in the prospects for
Notice of Results
Netcall will be announcing Final Results for the year ended 30
June 2019 on 25 September 2019.
(1) Profit before interest, tax, depreciation and amortisation
adjusted to exclude the effects of acquisition, impairment,
contingent consideration and non-recurring transaction costs. The
trading performance is based on unaudited management accounts for
the year ended 30 June 2019.
(2) Cloud services bookings is the total of all new orders
received classified as cloud subscription and support contract
(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
For further enquiries, please contact:
Netcall plc Tel. +44 (0) 330
Henrik Bang, CEO
Michael Jackson, Chairman
James Ormondroyd, Group Finance Director
finnCap Limited (Nominated Adviser and Broker) Tel. +44 (0) 20
Stuart Andrews / James Thompson, Corporate
Tim Redfern, Corporate Broking
Alma PR Tel. +44 (0) 20
Caroline Forde / Hilary Buchanan / Helena
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
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.
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(END) Dow Jones Newswires
July 24, 2019 02:00 ET (06:00 GMT)
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