Professional
Added to YB: 2026-04-03
Pitch date: 2026-04-02
CER.L [neutral]
Cerillion Plc
Author Info
Norbury Capital manages a concentrated Europe-focused investment fund, focused on entrepreneurial small and midcap companies. Sign up for the newsletter.
Company Info
Cerillion Plc engages in the provision of software for billing, charging, and customer relationship management to the telecommunications sector in the United Kingdom, Europe, the Middle East and Africa, the Americas, and the Asia Pacific.
Market Cap
GBP 379.6M
Pitch Price
N/A
Price Target
N/A
Dividend
1.20%
EV/EBITDA
15.95
P/E
22.86
EV/Sales
7.68
Sector
Software
Category
growth
Norbury Capital – March‘26 update - Cerillion (CER.L)
CER.L (holding update): Telecom software vendor offering cost-effective SaaS vs pricey legacy systems (Amdocs, Netcracker). Won £47M Omantel contract (>FY rev), pipeline shows 5+ larger tenders upcoming. Trades 11x EV/EBITDA '27E despite scaling to bigger deals. Illiquid UK small-cap, lumpy renewals. CEO Louis Hall largest holder since '90s MBO.
Read full article (2 min)