NCC Group plc Trading Update
donderdag 8 december 2011 | 13:00
NCC Group plc (LSE: NCC or "the Group"), the international,
independent provider of Escrow and Assurance, is today publishing a
The Board now expects Group profit before tax for the current
financial year to 31 May 2012 to be between GBP21.0m and GBP21.5m,
well ahead of market consensus of GBP19.6m. Revenue achieved
is over 27% ahead of last year's first half performance.
The Group's Escrow businesses have continued to perform in line
with the Board's expectations as outlined in the Interim Management
Statement on 19 October 2011. However, the Assurance Division
has benefited from the increase in market awareness about
information security issues and the need for enterprises to
understand, plan and implement operational strategies to counter
and handle cyber-attacks. This has resulted in a significant
growth in the revenues and margins in the Assurance Division for
the year so far. This growth was expected by the Board but
not in this time scale.
It is too early in the current financial year to see what impact
this change in Assurance's rate of growth in revenue and margins
will have on subsequent financial years, particularly given the
uncertain economic environment.
Rob Cotton, Group Chief Executive,
"Now that we have closed the first six months of the current
financial year, it is clear that the rate of growth in the
information security units within Assurance, especially iSEC and
NGS, is faster than expected as companies invest to protect
themselves from cyber-attack. Our US and UK-based teams offer the
best in class testing solutions, supported by our creative and
innovative working environments.
"In spite of the wider economic environment, the international
information security market will continue to grow extremely
rapidly. We expect to be able to capitalise on what is fast
becoming the most important area of investment any company can make
as they try to stay ahead in the cyber arms race."
The Group expects to report its half year results for the six
months to 30 November 2011 on Thursday 19 January 2012.
NCC Group (www.nccgroup.com)
0161 209 5432
Rob Cotton, Chief Executive
Atul Patel, Group Finance Director
020 7457 2020
There will be an analyst conference call at 8.30am - please
contact Lucy Moseley at email@example.com
or on telephone 020 7457 2020 for details.