Brief: ECSC Group Says FY 2019 Results In Line With Market Expectations

Ecsc

23/01/2020 07:29

Jan 23 (Reuters) - ECSC Group PLC  ECSC.L :
    * ECSC GROUP PLC- TRADING UPDATEFOR 12 MONTHS ENDED 31 DECEMBER 2019
    * ECSC GROUP PLC- FOR 2019 FINANCIAL YEAR, WITH COMPANY'S RESULTS IN LINE
WITH
MARKET EXPECTATIONS
    * ECSC GROUP PLC- FY MANAGED SERVICES RECURRING REVENUE GROWTH IN EXCESS OF
25%
    * ECSC GROUP PLC- YEAR-END CASH BALANCE OF £0.35M, WITH AN UNUTILISED BANK
FACILITY OF £0.5M, AND DEBTORS OF £1M
    * ECSC GROUP PLC- FY RESEARCH AND DEVELOPMENT INVESTMENT CIRCA 13% OF
REVENUE
    * ECSC GROUP PLC- 2019 NEW CLIENT ACQUISITIONS UP 24% TO 118, WITH 17%
GENERATED
FROM PARTNER PROGRAMME

Source text for Eikon:  ID:nRSW6483Aa 
Further company coverage:  ECSC.L 

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