Netcall PLC Trading Update and Notice of Results (5246A)
23 Janeiro 2024 - 4:00AM
UK Regulatory
TIDMNET
RNS Number : 5246A
Netcall PLC
23 January 2024
23 January 2024
NETCALL PLC
("Netcall", the "Company" or the "Group")
Trading Update and Notice of Results
Cloud momentum driving double-digit growth in ACV
Netcall plc (AIM:NET), a leading provider of intelligent
automation and customer engagement software, today provides the
following update on trading for the six months ended 31 December
2023 (H1 FY24).
The Board is pleased to confirm that the Group experienced good
trading in H1 FY24 with results expected to be in line with
management expectations. Revenue is anticipated to increase by 8%
to GBP18.9m (H1 FY23: GBP17.5m) with adjusted EBITDA(1) growth of
9% to GBP4.8m (H1 FY23: GBP4.4m).
Cloud annual contract value ('ACV')(2) has grown 19% to
GBP20.3m, contributing to total ACV growth of 14% to GBP30.1m. On
an underlying basis, these growth rates are 28% and 18%
respectively, excluding the effect of the significant contract win
announced in June 2022 and renewed in July 2023.
In order to service a growing pipeline and deliver an improved
proposition, the Group's investment programme into its cloud
Customer Engagement offering has commenced as planned.
The Group generated strong cash flow in the period, resulting in
a period end cash position of GBP28.6m (30 June 2023: GBP24.8m).
The Group has no debt.
James Ormondroyd, Chief Executive, commented:
"The positive trading momentum has continued through the first
half period with demand for our Cloud offerings continuing to grow
at pace, including particularly strong uptake from new customers.
This continues to drive double-digit growth in annual contract
value, an increasing base of recurring revenues and good
cashflows.
"We remain well positioned as we enter the second half, with our
innovative product roadmap continuing to unlock new opportunities
in a structurally growing market. Underpinned by a robust balance
sheet, healthy orderbook and clear investment strategy, we remain
confident in the Group's long-term growth prospects."
Notice of Results
Netcall expects to announce interim results for the six-month
period ended 31 December 2023 on 6 March 2024.
(1) Profit before interest, tax, depreciation and amortisation
adjusted to exclude the effects of share-based payments,
acquisition, impairment, profit or loss on disposals, contingent
consideration and non-recurring transaction costs.
(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 (save that the contract renewal announced on 20 July
2023 is included in FY23 ACV at the new annual amount of $4m).
For further enquiries, please contact:
Netcall plc Tel. +44 (0) 330
333 6100
James Ormondroyd, CEO
Henrik Bang, Non-Executive Chair
Richard Hughes, CFO
Canaccord Genuity Limited (Nominated Adviser Tel. +44 (0) 20 7523
and Broker) 8000
Simon Bridges / Andrew Potts
Singer Capital Markets (Joint Broker) Tel. +44 (0) 20 7496
3000
Harry Gooden / Asha Chotai
Alma Strategic Communications Tel. +44 (0) 20 3405
0205
Caroline Forde / Hilary Buchanan / Matthew
Young
About Netcall
Netcall's Liberty software platform with Intelligent Automation
and Customer Engagement solutions helps organisations digitally
transform their businesses faster and more efficiently, empowering
them to 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
and leading corporates including Legal and General, Lloyds Banking
Group, Aon and Santander.
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 for the purposes of article 7 of the Market Abuse
Regulations (EU) No 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations No 2019/310 ('MAR').
With the publication of this announcement, this information is now
considered to be in the public domain.
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END
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