Cerillion has announced a positive update for the the second half of the financial year following record first-half revenue and adjusted pre-tax profit. Revenue for the year is expected to be approximately £43.8m (2023: £39.2m) with profit before tax expected to be comfortably ahead of the consensus market forecast of £17.9m (2023: £16.8m). The balance sheet remains strong, with net cash at the financial year-end increased to £29.8m (30 September 2023: £24.7m).

Total new orders signed in the year were significantly greater than in any previous year, reflecting new customer wins as well as the growing value of the installed base. The full benefit of these new orders is still to come through.

Management say the company has entered the new financial year with a robust back-order book and a strong sales pipeline, which includes some large opportunities.

We interviewed CEO Louis Hall, who outlines the reasons behind the Group’s record results and why there is more to come