NCC Group (NCC) Trading Update summary

Trading performance

• Revenue for the four months to 30 September 2024 is expected to reach approximately £104m, a 4% increase over the same period in 2023.

• Adjusted operating profit is anticipated to be around £6m, up from a £1m loss in the prior year period.

• Cyber Security division outperformed expectations during a typically quieter trading period.

• Gross margin improvement attributed to prior actions aligning global delivery and operational headcount.

Strategic initiatives and outlook

• Ongoing business simplification aims to align with client needs and drive profitable revenue growth.

• Continued investment in core Cyber Security capabilities and the separately branded Escode business.

• Transformation journey is ongoing, with a focus on sustainable gross margins and shareholder value.

• Audited results for the 16 months ending 30 September 2024 will be published on 10 December 2024.

Company background

• NCC Group operates globally with around 2,200 employees across Europe, North America, and Asia Pacific.

• Provides cyber resilience solutions for public and private sector clients.

• Committed to developing sustainable solutions for evolving cyber security challenges.