REG - NCC Group PLC - Trading Update to 30 September 2024

NCCAnnouncement

12/09/2024 07:00

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RNS Number : 8569D  NCC Group PLC  12 September 2024

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12 September 2024

NCC Group plc

Trading update - four-month period to 30 September 2024

 

NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), a people-powered,
tech-enabled global cyber security and software escrow business, provides the
following unaudited trading update for the four months ending 30 September
2024 (the "Period").

Our previous guidance for the Period outlined that we expected overall revenue
to be in the region of c.£100m and adjusted operating profit of c.£3.5m
(four months ending 30 September 2023: c.£1m adjusted operating loss).

Following our August close process, we are pleased to have experienced
better-than-expected performance in our Cyber Security division during this
historically quieter trading period of the calendar year. This has resulted in
increased expectations for the Period, with overall revenue expected to be in
the region of £104m, representing c.4% growth versus the equivalent period in
2023, and Group adjusted operating profit expected to be approximately £6m.

The Group will publish its audited Group results for the 16 months ending 30
September 2024 on 10 December 2024.

Mike Maddison CEO said:

"We have seen the benefit to gross margin from the actions we took over 12
months ago to align our global delivery and operational headcount. We continue
to simplify our business, aligning ourselves to our client needs in a
competitive marketplace, to generate profitable revenue growth and sustainable
gross margins. Our transformation journey is ongoing, and we continue to build
out our core Cyber Security capabilities and our separate Escode re-branded
business, which both provide future growth opportunities to continue to
enhance shareholder value."

Contact information

Investor enquiries:

 Yvonne Harley                                         Tel: +44(0)7824 412405

 Director of Investor Relations & Sustainability       Email: Investor_Relations@nccgroup.com
                                                       (mailto:Investor_Relations@nccgroup.com)

Media enquiries:

 H/Advisors Maitland             Tel: +44(0)20 379 5151

 Sam Cartwright/Genevieve Ryan   Email: NCCGroup-maitland@h-advisors.global
                                 (mailto:NCCGroup-maitland@h-advisors.global)

About NCC Group plc

NCC Group is a people-powered, tech-enabled global cyber security and software
escrow business.

Driven by a collective purpose to create a more secure digital future, c.
2,200 colleagues across Europe, North America, and Asia Pacific harness their
collective insight, intelligence, and innovation to deliver cyber resilience
solutions for both public and private sector clients globally.

With decades of experience and a rich heritage, NCC Group is committed to
developing sustainable solutions that continue to meet client's current and
future cyber security challenges.

Cautionary note regarding forward-looking statement

This announcement includes statements that are forward-looking in nature.
Forward-looking statements involve known and unknown risks, assumptions,
uncertainties, and other factors, which may cause the actual results,
performance, or achievements of the Group to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Except as required by the Listing Rules,
Disclosure and Transparency Rules and applicable law, the Group undertakes no
obligation to update, revise or change any forward-looking statements to
reflect events or developments occurring on or after the date such statements
are published.

 

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