Trading Statement

RNS Number : 4850X

ECSC Group PLC

22 February 2017

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

22^nd February 2017

ECSC Group plc 

("ECSC" or the "Company")

Trading Update

Trading for the fifteen months ended 31 December 2016 in line with expectations

Continuing favourable market conditions

ECSC Group plc (AIM: ECSC), a proven provider of cyber security services, is pleased to announce an update on trading for the fifteen months ended 31 December 2016. 

Trading throughout the financial period has been good. Both revenue and adjusted EBITDA for the fifteen months ended 31 December 2016 are expected to be in line with the Board's expectations at the time of the IPO. As at 31 December 2016, the Company had net cash of approximately £5.0 million providing the Company with a sound financial platform to support its investment plans.

Commenting on the results, Ian Mann, CEO of ECSC said:

"I am pleased to report a positive first trading update to the market for ECSC as a publicly listed company. The Group is already benefiting from its admission to AIM with a strengthened balance sheet and enhanced profile in the marketplace. Our listing has enabled us to execute the first phase of our detailed organic growth strategy and to start scaling up our business.

"We have already made good progress in this regard. We have recruited all the new sales and delivery employees targeted for this stage of our plan, yielding an additional 26 sales personnel, making 37 in total. The quality of our new staff members is excellent with all the new recruits having successfully completed the new Sales Academy training and assessments. Market conditions continue to be favourable and we look forward to the 2017 financial year with confidence."

The Company will be announcing its results for the fifteen months ended 31 December 2016 on 22 March 2017.

CONTACTS

ECSC Group plc  Ian Mann (Chief Executive Officer) Lucy Sharp (Chief Operating Officer) www.ecsc.co.uk	[phone]
Stockdale Securities (NOMAD and Broker)	[phone]
Robert Finlay Hanan Lee
Yellow Jersey PR (PR & IR) Felicity Winkles Alistair de Kare-Silver	[phone] [phone]

For more information please visit or contact the following: www.ecsc.co.uk   

Notes to Editors

ECSC is a proven provider of cyber security services with a blue-chip client base that offers a comprehensive range of solutions. 

The Company has over 15 years' experience in the design, implementation and management of cyber security solutions. ECSC's consultancy-led approach, and its combination of custom methodologies and in-house proprietary technologies, enables the Company to provide individually tailored services to its clients. The Company has significant intellectual property, including bespoke products delivering remotely managed cyber security services and custom-made internal support and delivery systems.

The Company listed on AIM in December 2016 to accelerate its growth strategy and to take advantage of the importance attached to cyber security by company boards as a result of the recent proliferation of high profile cyber security breaches.

 

END

 

 

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