Netcall forecasts weaker first-half earnings despite rising sales

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 09:26

Customer-engagement software provider Netcall forecast a fall in first-half earnings, despite a rise in sales.

Ebitda for the six months through December was expected at £2.0m, the company said.

Netcall didn't provide a comparative figure, though last year it booked first-half adjusted Ebitda of £2.7m.

On Tuesday, it said its sales had risen to around £11.4m, up from £10.7m on-year.

'We have seen double-digit growth in our key financial measures of order bookings and annual contract value,' chief executive Henrik Bang said.

'This was driven by strong growth in low-code sales, increasing the forward visibility of our revenue.'

'We are trading in line with our expectations for the year.'

'As a result of the transition to a cloud-based recurring revenue model, and the timing of product sales, the board expects revenues for the year to be more weighted toward the second half.'

At 9:26am: (LON:NET) Netcall PLC share price was 0p at 31.5p

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