NCC sees FY earnings at top end of market expectations

Cyber and software resilience expert NCC Group said on Wednesday that full-year earnings are se to come in at the top end of market expectations.

In an update for the six months to 30 November, the company said trading has remained resilient since the AGM trading statement in October and that revenue is expected to be slightly ahead of the same period a year ago.

"The board now believes adjusted earnings before interest and tax for the full year will be around the upper end of market expectations, although the ongoing challenges of the pandemic mean that there is still a range of possible outcomes for the full financial year," it said.

Market consensus is for between £24.5m and £33.3m.

Chief executive officer Adam Palser said: "Achieving revenue growth in the first six months of the year is a tribute to the inspirational work and dedication shown by my NCC Group colleagues across the world.

"We are proud to have continued delivering exceptional work for our clients despite the logistical challenges of Covid-19 restrictions. We continue to be excited about the future growth potential of the cyber services market and the opportunity for NCC Group to play a full part in keeping our customers safe and secure."

At 1030 GMT, the shares were up 5.8% at 214.78p.