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NCC Group plc held its Annual General Meeting on 04 November 2021 and published an update on current trading. The Group reported trading ahead of the same period last year on a like-for-like revenue basis, and its Intellectual Property Management business, acquired for $220m on 7 June 2021, is trading as expected. Overall trading is in line with management's expectations for the full year, and the Group expects to report half-year results for the six months to 30 November 2021 on 27 January 2022.
| Date | 4 Nov 2021 |
| Time | 07:00:02 |
| Category | Trading updates |
| ID | 2616R |
4 November 2021
NCC Group plc
AGM Trading Statement
NCC Group plc, the global experts in cyber and software resilience, will hold its Annual General Meeting today at 2.00pm at the Company's Head Office, XYZ Building, 2 Hardman Boulevard, Spinningfields, Manchester, M3 3AQ. Regrettably, it remains the opinion of the Board that, due to the number of Covid-19 cases still being reported in the UK, shareholders should consider carefully whether attending the AGM in person would be necessary under the current circumstances.
Ahead of this, the Board is publishing an update on current trading.
The Group continues to trade ahead of the same period last year on a like for like revenue basis. The Intellectual Property Management ("IPM") business that we acquired for $220m on 7 June 2021 is trading as expected and the integration is progressing to plan. Overall trading is in line with management's expectations for the full year.
The Group expects to report its half-year results for the six months to 30 November 2021, on 27 January 2022.
Adam Palser, CEO, commented:
"We have had a solid start to the new year and have been delighted to welcome our new colleagues from IPM into the NCC Group family following our acquisition of a business which transforms our global Software Resilience business in the USA. Thanks to our investment and ever-growing assurance and software resilience capabilities, we are well positioned to deliver further growth as the global economy continues its recovery."
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About NCC Group plc
NCC Group exists to make the world safer and more secure. Our vision is to be the leading cyber resilience provider globally, trusted to protect and secure our customers' critical assets and sought-after for our complete people-led, technology-enabled cyber resilience solutions that enable our customers to thrive. Our three values are: Work Together; Be Brilliantly Creative; and Embrace Difference. As global experts in cyber security and risk mitigation, NCC Group is trusted by over 14,000 customers worldwide to protect their most critical assets from the ever-changing threat landscape. With the company's knowledge, experience and global footprint, it is best placed to help organisations assess, develop and manage their cyber resilience posture. To support its mission, NCC Group continually invests in research and innovation, and is passionate about developing the next generation of cyber scientists. With over 2,100 colleagues in 12 countries, NCC Group has a significant market presence in North America, Europe and the UK, and a rapidly growing footprint in Asia Pacific with offices in Australia, Japan and Singapore.