Cerillion plc (LON:CER) continues to shine as a standout player in the technology sector, demonstrating robust performance and sustained growth. The company recently unveiled its full-year results, which exceeded expectations and highlighted its ability to navigate challenges and capitalise on opportunities.
According to Harold Evans, contributing analyst at Singer Capital Markets, the company’s adjusted profit before tax (PBT) surged by an impressive 18% year-on-year to £19.8 million. This result was not only 15% higher than Singer Capital Markets’ forecasts but also 8% above consensus expectations—despite headwinds from foreign exchange. Evans described this as “a very strong performance,” with revenue climbing 12% to £43.8 million (14% at constant currency), fuelled by major implementations and new wins.
Cerillion also achieved record-breaking new orders, totalling £38.1 million (a 21% year-on-year increase), while its year-end order book reached £46.9 million, providing encouraging visibility for FY25. “In summary – another very strong year, while the long-term growth opportunity remains very much in play,” noted Evans.
