Croma Security Solutions Group (CSSG)

Sector:

Defense and Aeronautics

Index:

FTSE AIM All-Share

87.50p
   
  • Change Today:
    -3.00p
  • 52 Week High: 93.50p
  • 52 Week Low: 66.00p
  • Currency: UK Pounds
  • Shares Issued: 14.90m
  • Volume: 14,773
  • Market Cap: £13.04m
  • Beta: 0.01

Croma trading ahead of forecasts as it inks deal with iLOQ

By Josh White

Date: Monday 04 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Security service provider Croma announced a new partnership with Finnish security firm iLOQ on Monday, as it confirmed that demand for its security services recently had been high.
The AIM-traded firm said that as a result, it now expected to deliver a strong set of results, with EBITDA for the 12 months ended 30 June ahead of the guidance it gave in June of £1.85m.

It said the improved trading performance had come from across all areas of its operations.

Croma also announced that it was to become the UK strategic partner for iLOQ, a business specialising in locks that had developed a new battery-free door lock which could be opened with a smartphone.

The company said the lock was powered by the mobile phone opening it, which was a unique feature differentiating it from competing products.

It said the potential applications for the mobile iLOQ were "significant" across multiple industries, given its advantages relating to security, data collection and central control.

Under the partnership, Croma would sell, install and maintain iLOQ equipment in the UK.

"iLOQ are extremely pleased to announce that we will be working closely with Croma Locksmiths as a strategic partner moving forward," said iLOQ's country manager for the UK, Ulf Jonasson.

"We know the Croma team will assist greatly in developing iLOQ into the future of locking within the industry and distributing our battery free digital solution.

"iLOQ and Croma share many values, one of which being that our customers are the centre of everything we do."

Sebastian Morley, chairman of Croma, said the strength of the company's trading indicated it had "successfully ridden out" the impact of pandemic, and had emerged in a stronger position to move forward.

"The tie up with iLOQ is particularly interesting as their mobile lock has the potential to be widely adopted, time will tell, but the early signs are good," Morley added.

At 1240 BST, shares in Croma Security Solutions Group were up 13.1% at 95p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CSSG Market Data

Currency UK Pounds
Share Price 87.50p
Change Today -3.00p
% Change -3.31 %
52 Week High 93.50p
52 Week Low 66.00p
Volume 14,773
Shares Issued 14.90m
Market Cap £13.04m
Beta 0.01

CSSG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.56% above the market average35.56% above the market average35.56% above the market average35.56% above the market average35.56% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Price Trend
41.26% above the market average41.26% above the market average41.26% above the market average41.26% above the market average41.26% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Income
41.81% above the market average41.81% above the market average41.81% above the market average41.81% above the market average41.81% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Growth
52.83% above the market average52.83% above the market average52.83% above the market average52.83% above the market average52.83% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

CSSG Dividends

  Latest Previous
  Final Final
Ex-Div 11-Nov-21 12-Nov-20
Paid 26-Nov-21 27-Nov-20
Amount 2.00p 1.20p

Trades for 21-Jan-2022

Time Volume / Share Price
14:44 3,000 @ 85.27p
14:41 2,500 @ 85.50p
12:19 2,000 @ 89.00p
12:18 2,252 @ 89.00p
12:18 2,252 @ 89.00p

CSSG Key Personnel

CEO Roberto Fiorentino
Finance Director Richard Juett

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