NCC Group PLC Trading Update
RNS Number : 1885H
NCC Group PLC
02 December 2020
2 December 2020
NCC Group plc
NCC Group plc ("the Group"), the global experts in cyber and
software resilience, today publishes a trading update, based on
unaudited financial information, for the six months to 30 November
Trading has remained resilient since the Group's AGM trading
statement and, compared to the same period last year, revenue is
expected to be slightly ahead.
The Board now believes Adjusted EBIT for the full year will be
around the upper end of market expectations,(1) although the
ongoing challenges of the pandemic mean that there is still a range
of possible outcomes for the full financial year.
The Group will report its interim results for the six months to
30 November 2020 on 4 February 2021.
Adam Palser, CEO, commented:
"Achieving revenue growth in the first six months of the year is
a tribute to the inspirational work and dedication shown by my NCC
Group colleagues across the world. We are proud to have continued
delivering exceptional work for our clients despite the logistical
challenges of Covid-19 restrictions. We continue to be excited
about the future growth potential of the cyber services market and
the opportunity for NCC Group to play a full part in keeping our
customers safe and secure."
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
NCC Group (www.nccgroupplc.com) +44 (0)161 209 5432
Adam Palser, CEO/Tim Kowalski, CFO
Maitland/AMO +44 (0)20 7379 5151
(1) Market consensus range for Adjusted EBIT FY2021 (Pre-IFRS16)
as at 2 December 2020 is GBP24.5m to GBP33.3m (Consensus GBP27.9m).
Going forward, Adjusted EBIT will be reported on a post IFRS 16
About NCC Group plc
NCC Group exists to make the world safer and more secure. As the
leading independent global cyber security and resilience advisor,
NCC Group is trusted by over 15,000 clients worldwide to protect
their most critical assets from the ever-changing threat landscape.
With the company's knowledge, experience and global footprint, it
is best placed to help businesses identify, assess, mitigate and
respond to the evolving cyber risks they face. To support its
mission, NCC Group continually invests in research and innovation,
and is passionate about developing the next generation of cyber
scientists. With around 2,000 colleagues in 12 countries, NCC Group
has a significant market presence in North America, continental
Europe and the UK, and a rapidly growing footprint in Asia Pacific
with offices in Australia, Japan and Singapore.
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 firstname.lastname@example.org or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
(END) Dow Jones Newswires
December 02, 2020 02:00 ET (07:00 GMT)