Netcall PLC Trading Update and Notice of Results (5149A)
22 Enero 2020 - 1:00AM
UK Regulatory
TIDMNET
RNS Number : 5149A
Netcall PLC
22 January 2020
22 January 2020
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 solutions, today announces its trading update
for the six month period ended 31 December 2019.
Trading in the six-month period was in line with management
expectations and the Board anticipates first-half revenue growth of
8% to approximately GBP12.3m (H1 FY19: GBP11.4m) and adjusted
EBITDA(1) growth of 5% to approximately GBP2.1m (H1 FY19:
GBP2.0m).
Total annual contract value(2) ('ACV') increased 9% year over
year to GBP16.6m (H1 FY19: GBP15.1m) and within that, cloud ACV
increased 22% year over year to GBP6.7m (H1 FY19: GBP5.5m),
providing the Group with high levels of revenue visibility.
Netcall continues to benefit from the growing demand for
Low-code platforms, with Low-code ACV growing 21% year over year to
GBP5.1m (H1 FY19: GBP4.2m).
Group cash at 31 December 2019 was GBP6.5m (30 June 2019:
GBP7.8m), after the final payment of GBP1.7m to the former
shareholders of MatsSoft Limited acquired in 2017, offsetting debt
of GBP6.7m (30 June 2019: GBP6.6m).
Henrik Bang, Chief Executive, said:
"Netcall delivered a solid performance in the first half of the
year, driven by double-digit growth in cloud ACV as we continue the
transition to a growing digital cloud business. In addition, we saw
increased revenue from product sales and professional services,
reflecting a broad demand for our solutions.
"During the period we continued the investments in the Group's
Low-code offering and integration with our customer engagement
solutions to provide customers with a complete customer engagement
solution suite.
"We are currently trading in line with our full year
expectations, underpinned by our key sales metrics and a solid
pipeline. The strength of our solution portfolio, our high levels
of recurring revenue and strong balance sheet, provide the Board
with confidence in the continued success of Netcall."
Notice of Results
Netcall will be announcing interim results for the six-month
period ended 31 December 2019 on 27 February 2020.
(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 six months ended 31 December 2019.
(2) 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 0205
Caroline Forde / Josh Royston / Helena Bogle
About Netcall
Netcall helps organisations transform their customer engagement
activities and enable digital transformation faster and more
efficiently, empowering them to improve customer experiences and
operational efficiencies.
We achieve this by delivering powerful and intuitive software
that addresses the core elements of best-in-class customer
experience and digital process automation. Our industry leading
Liberty platform is a suite of Low-code, customer engagement and
contact centre solutions which empowers business users and IT
developers to collaboratively develop products and systems that
create a leaner, more customer-centric organisation.
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 corporates
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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