NCC’s trading update last week highlighted both the continued strength in the group’s core businesses and the margin drag from recent acquisitions. Escrow is trading well, with all geographies now on an upward trend, while demand for cyber consulting remains strong. We are upgrading our revenue forecasts for the year to May’16 but the higher mix of low margin Accumuli and increased Domain Services losses reduces our adj. PBT forecast by 3%. Net debt is slightly higher than expectations but the g ....
06 May 2016
Revenue strong, margins held back by acquisitions
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Revenue strong, margins held back by acquisitions
NCC Group plc (NCC:LON) | 128 1 0.6% | Mkt Cap: 402.2m
- Published:
06 May 2016 -
Author:
Oliver Knott -
Pages:
5
NCC’s trading update last week highlighted both the continued strength in the group’s core businesses and the margin drag from recent acquisitions. Escrow is trading well, with all geographies now on an upward trend, while demand for cyber consulting remains strong. We are upgrading our revenue forecasts for the year to May’16 but the higher mix of low margin Accumuli and increased Domain Services losses reduces our adj. PBT forecast by 3%. Net debt is slightly higher than expectations but the g ....