StockMarketWire.com - ECSC Group saw strong organic revenue growth in all operating divisions in its maiden audited results since its IPO in December 2016.

Revenue for the 15 months ended December rose to £4.51m (12 months 2015: £2.65m).

Adjusted EBITDA for the 15 months ended December rose to £630k (12 months 2015: £542k profit).

Adjusted profit before tax for the 15 months ended December 2016 was £458k (12 months 2015: £455k).

The group reported a loss before interest, tax, depreciation and amortisation of £345,000 against a profit of £542,000 in the 12 months 2015, due to exceptional IPO costs incurred in the period.

Chief executive Ian Mann said: "I am delighted with the progress of the business throughout 2016, a year in which we not only successfully admitted the Company to AIM but also achieved strong organic revenue growth across all parts of the Company.

"I am particularly pleased with the performance of the business given that we have invested significantly in scaling the business during the year and have expensed most of these costs.

"Our strong organic revenue growth coupled with the proceeds from the IPO will enable us to deliver on our accelerated growth plan to significantly scale the business to satisfy the strong market demand for our products and services and build on our track record as a proven, premium quality provider of cyber security services with a blue-chip client base.

"I am pleased with the progress we have made to date in regard to our organic growth strategy. We are mindful of the degree of change being implemented within the business and we are approaching these significant scale changes with appropriate care and attention.

"We look forward to 2017 as we continue to transform ECSC into a substantial cyber and information security services provider."








At 9:11am: [LON:ECSC] Ecsc Group Plc Ord 1p share price was -7.5p at 280p



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