ECSC Group PLC Trading Update, Notice of Results and Board Change (9903E)
13 Julio 2021 - 01:00AM
UK Regulatory
TIDMECSC
RNS Number : 9903E
ECSC Group PLC
13 July 2021
13 July 2021
ECSC Group plc
('ECSC' or the 'Company' or the 'Group')
Trading Update, Notice of Results and Board Change
Strong growth in Assurance and MDR divisions
ECSC (AIM: ECSC), the provider of cyber security services, is
pleased to announce a trading update for the six months ended 30
June 2021.
Highlights*:
-- Managed Detection and Response (MDR) revenue up 17% to GBP1.45m (H1 2020: GBP1.24m)
-- Assurance revenue up 20% to GBP1.49m (H1 2020: GBP1.24m)
-- Group revenue up 15% to GBP3.01m (H1 2020: GBP2.61m)
-- Cash of GBP591k at period end - including GBP142k of Covid-19
related government support (30 June 2020: GBP1.26m - including
GBP0.77m of Covid-19 support). The Group's bank facility of GBP0.5m
remains unutilised.
* All figures unaudited
Final results for the period will be announced on Wednesday, 22
September 2021.
The Company also announces that, after overcoming a recent
health condition, Ian Castle has decided to step down from the
Board with immediate effect. Ian will continue his role as Chief
Technology Officer on a part-time basis.
Ian Mann, Chief Executive Officer of ECSC, commented:
"We are pleased to report that ECSC's momentum has continued
into the first half of this year, with strong growth across both
our MDR and Assurance divisions, owing in part to our focus on
converting increasing numbers of Assurance clients and those with
incident response retainers to long-term MDR clients.
"Following the relatively short-term impact of Covid-19 in 2020,
the teams have adapted well to new ways of working within both our
sales and delivery functions, and the Group is well positioned to
maximise opportunities in a recovering economy.
"On behalf of the Board, I would like to thank Ian Castle for
his commitment and look forward to his continuing contribution to
the Company."
- Ends -
Enquiries:
ECSC Group plc
David Mathewson (Non-Executive
Chairman)
Ian Mann (Chief Executive Officer) +44 (0) 1274 736 223
Allenby Capital Limited (NOMAD
and Broker)
David Hart / Piers Shimwell
(Corporate Finance)
Tony Quirke (Equity Sales and
Corporate Broking) +44 (0) 203 3285 656
Yellow Jersey (PR and IR)
Sarah Hollins
Annabel Atkins
Matthew McHale +44 (0) 203 004 9512
Notes to Editors:
Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest
running full-service cyber security service provider. With an
extensive range of in-house developed proprietary technologies,
including advanced Artificial Intelligence (AI) systems, ECSC
provides expert security breach prevention and advisory support to
organisations across all sectors.
ECSC operates from two Security Operations Centres (SOCs): one
in Yorkshire, UK, and the other in Brisbane, Australia. ECSC offers
flexible 24/7/365 cyber security monitoring, detection, and
response support to its clients, either as a fully managed service
or to enhance an organisation's existing cyber security systems. In
addition, ECSC's Assurance division provides guidance,
certification to industry standards, and extensive testing services
to allow organisations to assess their cyber security
protection.
ECSC is led by a highly experienced senior management team with
over 80 years' combined experience within the company, and has
delivered consecutive organic growth for the last 20 years.
The Company's broad client base ranges from e-commerce start-ups
to global blue-chip organisations, including 10% of the FTSE
100.
For more information please visit the following:
https://investor.ecsc.co.uk/
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END
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