Half Year Order Update ahead of CMD

RNS Number : 9460B

Eckoh PLC

06 October 2022

 

6 October 2022

Eckoh plc

("Eckoh" or the "Group")

Half Year Order Update ahead of CMD

Ahead of its Capital Markets Day on Tuesday 11^th October, Eckoh plc (AIM: ECK), the global provider of Customer Engagement Security Solutions, shares an update on order levels for the first half of the financial year.

Order levels are expected to be over £17m, more than 50% higher than the previous year and in line with the Group's expectations for the first half of the year and previous guidance. This strong momentum is particularly driven by renewed activity in the US.

This reflects good progress in-line with Eckoh's strategy to pursue major opportunities for large blue-chip organisations, cross-sell from a broader product suite and continue the trend towards cloud adoption and more international mandates.  Eckoh is increasingly focusing on attractive sectors which are suited to its model, technology, and product suite.

Eckoh's order book strength supports the Group's expectations of significant revenue and profit growth in FY23.

For further information please contact:

Eckoh plc Nik Philpot, Chief Executive Officer Chrissie Herbert, Chief Financial Officer www.eckoh.com

FTI Consulting LLP Ed Bridges / Jamie Ricketts / Tom Blundell [e-mail]

Singer Capital Markets (Nomad & Joint Broker) Shaun Dobson / Tom Salvesen / Alex Bond / Kailey Aliyar www.singercm.com

Canaccord Genuity Limited (Joint Broker) Simon Bridges / Emma Gabriel www.canaccordgenuity.com

About Eckoh plc

Eckoh is a global provider of Customer Engagement Security Solutions, supporting an international client base from its offices in the UK and US.

Our Customer Engagement Security Solutions enable enquiries and transactions to be performed on whatever device the customer chooses, allowing organisations to increase efficiency, lower operational costs and provide a true omnichannel experience.

We help our clients to take payments and transact securely with their customers through all customer engagement channels. The solutions, which are protected by multiple patents, remove sensitive personal and payment data from contact centres and IT environments and are delivered globally through our multiple cloud platforms or can be deployed on the client's site. They offer merchants a simple and effective way to reduce the risk of fraud, secure sensitive data and become compliant with the Payment Card Industry Data Security Standards ("PCI DSS") and wider data security regulations. Eckoh has been a PCI DSS Level One Accredited Service Provider since 2010, securing over £5 billion in payments annually.

Our large portfolio of clients come from a broad range of vertical markets and includes government departments, telecoms providers, retailers, utility providers and financial services organisations.

 

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