ECSC Group PLC Trading Update (8055T)
November 19 2019 - 1:00AM
UK Regulatory
TIDMECSC
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 GBP0.45m as at 31 October 2019 (GBP0.19m at 30 June
2019), with an unused banking facility of GBP0.5m
-- 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
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END
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