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Trading Update

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RNS Number : 8055T
ECSC Group PLC
19 November 2019
 

                            19 November 2019

ECSC Group plc

('ECSC' or the 'Company' or the 'Group')

Trading Update

 

ECSC Group plc (AIM: ECSC), a leading provider of cyber security services, is pleased to announce a trading update.

Highlights

·      Continued strong growth in Consulting sales since interim period end of June 2019

·      Record levels of Consulting, Managed Services and Incident Response revenue in Q3, with organic growth circa 25%

·      Record levels of Consulting bookings in Q4 to-date

·      Cash of £0.45m as at 31 October 2019 (£0.19m at 30 June 2019), with an unused banking facility of £0.5m

·      Continued recruitment of sales partners, with 87 partners to-date generating over 100 new sales opportunities

·      2019 results likely to be broadly in line with current market expectations

 

Ian Mann, CEO of ECSC, commented:

"We are delighted to report such strong return to growth, and positive cash-flows since our interims for H1.  Despite some challenging UK economic conditions, the team has continued to win new clients, and deliver outstanding levels of client service, reflected in improved financial performance across the Group.

 

The increasing levels of cyber breaches, and strong demand across all ECSC cyber security services, positions ECSC very well moving into 2020."

 

Enquiries:

ECSC Group plc
David Mathewson (Non-Executive Chairman)
Ian Mann (Chief Executive Officer)

+44 (0) 1274 736 223

Allenby Capital (Nominated Adviser and Broker)
David Hart
Nicholas Chambers

+44 (0) 203 3285 656

Alma PR (Financial PR)
Josh Royston
Hilary Buchanan
Susie Hudson

+44 (0) 203 4050 205

For more information please visit the following: https://investor.ecsc.co.uk


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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