Eckoh PLC - London-based secure payment and customer contact products - Says order wins in the first quarter of financial 2023 were ‘substantially higher’ than the first quarter of year prior.

‘As a result of an attractive pipeline of opportunities, the group expects order levels to continue to be strong and for the first half of FY23 to be significantly higher than the previous year, in line with the board’s expectations’ it adds.

Wins two-year contract worth minimum $1.3 million with an unnamed ‘global’ hotel. Says this is ‘important’ contract win.

Also secures win worth £600,000 over 5 years from Irish business of unnamed insurance company.

Chief Executive Nik Philpot says: ‘We expect the momentum we have seen in the first few months to help support our expectations of significant revenue and profit growth for Eckoh this year.’

Current stock price: 45.70 pence, up 11% on Monday

12-month change: down 22%

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