StockMarketWire.com - Cyber security services provider ECSC Group expects revenues and adjusted EBITDA for the 15 months ended 31 December to be in line with the board's forecasts at the time of the IPO.

It said trading throughout the financial period had been good and at 31 December it had net cash of approximately £5.0m which provided the company with a sound financial platform to support its investment plans.

Chief executive Ian Mann said: "I am pleased to report a positive first trading update to the market for ECSC as a publicly listed company.

"The group is already benefiting from its admission to AIM with a strengthened balance sheet and enhanced profile in the marketplace.

"Our listing has enabled us to execute the first phase of our detailed organic growth strategy and to start scaling up our business.

"We have already made good progress in this regard.

"We have recruited all the new sales and delivery employees targeted for this stage of our plan, yielding an additional 26 sales personnel, making 37 in total.

"The quality of our new staff members is excellent with all the new recruits having successfully completed the new Sales Academy training and assessments. Market conditions continue to be favourable and we look forward to the 2017 financial year with confidence."

The company will be announcing its results for the 15 months ended 31 December on 22 March.


At 9:07am: [LON:ECSC] Ecsc Group Plc Ord 1p share price was 0p at 215p



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