NCC Group PLC Trading Update (1885H)

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RNS Number : 1885H

NCC Group PLC

02 December 2020

2 December 2020

NCC Group plc

Trading Update

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 2020.

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.

Enquiries

 
 NCC Group (www.nccgroupplc.com)    [phone] 
 

Adam Palser, CEO/Tim Kowalski, CFO

 
 Maitland/AMO    [phone] 
 

Sam Cartwright

(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 basis.

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.

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December 02, 2020 02:00 ET (07:00 GMT)