ECSC Group PLC - Trading Update
This announcement contains inside information as stipulated under the
ECSC Group plc
('ECSC' or the 'Company' or the 'Group')
for the 12 months ended
Growing Profits and Strong COVID-19 Recovery
ECSC Group plc (AIM: ECSC), the provider of cyber security services, is pleased to announce a trading update for the twelve months ended
· Adjusted EBITDA** profit in excess of
· Managed Detection & Response (MDR) division recurring revenue growth of 22% to
· Group revenue of
· 90 new Assurance division clients (2019: 118)
· Cash of
* Financial information for the year ended
** Adjusted EBITDA is defined as Earnings before Interest, Tax, Depreciation and Amortisation and excludes one-off charges and share based charges
"Despite the challenges posed by the COVID-19 pandemic, the Group made solid progress during the 2020 financial year, and we are particularly pleased to report growing adjusted EBITDA profitability and cash generation.
"ECSC is well-positioned in the growing cyber security marketplace, and we are now resuming our organic growth strategy and related recruitment activities. I would like to thank the whole team for an outstanding performance under challenging circumstances."
ECSC Group plc
+44 (0) 1274 736 223
Allenby Capital Limited (NOMAD and Broker)
+44 (0) 203 3285 656
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+44 (0) 203 004 9512
Notes to Editors:
Founded in 2000, ECSC Group plc (AIM: ECSC) is the
ECSC operates from two Security Operations Centres (SOCs): one in
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/
Quick facts: ECSC Group PLC
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