Netcall PLC Trading Update (5097V)
24 July 2018 - 4:00PM
UK Regulatory
TIDMNET
RNS Number : 5097V
Netcall PLC
24 July 2018
24 July 2018
Netcall plc
("Netcall" or the "Company")
Trading Update
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 2018:
The Board is pleased to report on a transformational year,
driven by the successful acquisition and integration of the market
leading low-code platform provider, MatsSoft. Strong order inflow
and the ongoing transition to a higher proportion of SaaS-based
contracts, means adjusted EBITDA for the year is expected to be
approximately 20% higher than the prior year at GBP5.4m (FY17:
GBP4.5m).
The strategic fit between the MatsSoft and Netcall offerings has
been demonstrated through initial cross and up-sales, alongside new
international sales and partnership deals. This has resulted in
significant revenue growth for MatsSoft compared to the prior
period and a return to revenue growth of the Netcall business.
Other highlights of the year include MatsSoft being the only UK
vendor recognised in the newly published Gartner Magic Quadrant for
high productivity platforms and the renewal of MatsSoft's largest
customer in a four-year contract worth a minimum of GBP3.7m.
At 30 June 2018 net debt was GBP0.7m comprising GBP5.8m of cash
less GBP6.5m of loan notes.
Henrik Bang, CEO of Netcall, commented: "We are delighted with
the success of MatsSoft which, in the year of its acquisition and
integration, performed well. Low-code is accelerating digital
transformation by putting the power of software creation into the
hands of business users and organisations are still in the early
stages of adopting this technology. With the current strong sales
pipeline, the Board believe Netcall is well positioned for ongoing
success."
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 Tel. +44 (0) 20 7220
and Broker) 0500
Stuart Andrews / James Thompson, Corporate
Finance
Tim Redfern, Corporate Broking
Alma PR Tel. +44 (0) 20 8004
4218
Caroline Forde / Josh Royston / Robyn
Fisher
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 a
leading low-code platform MATS.
Netcall has over 700 customers in both the private and public
sectors. These include two-thirds of the NHS Acute Health Trusts,
major telecoms operators such as BT and Vodafone, and leading
organisations including Interflora, Lloyds Banking Group, ITV and
Nationwide Building Society.
For further information, please consult the Netcall website:
www.netcall.com.
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END
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