Cost savings programme brings ECSC in line with market expectations

AIM-listed cybersecurity firm ECSC Group said on Wednesday that after the successful completion of its previously announced cost reduction programme, and having secured two significant managed services contracts, trading performance had lined up with market expectations.

As part of ECSC's cost savings programme, the group relocated to Yorkshire, saying it was "absolutely" committed to the region.

Ian Mann, chief executive of the group said in March, "We think this is a good location for us. It's a good location in terms of addressing the whole of the UK and travelling outside the UK."

"It's also a good recruitment place because the cost of living in Yorkshire is significantly less than if you were based in London," he added.

ESCS was yet to provide any further details regarding the "significant" new contracts.

As of 1120 GMT, shares had gained 21.65% to 139.90p.