RM PLC Trading Update (0326K)
11 December 2018 - 6:00PM
UK Regulatory
TIDMRM.
RNS Number : 0326K
RM PLC
11 December 2018
11 December 2018
Trading Update
The Board of RM plc ("RM") expects results for the financial
year ended 30 November 2018 to be slightly ahead of
expectations.
Group revenues increased significantly on prior year driven by
the full year benefit of the Consortium acquisition and strong
international sales growth.
RM Resources and RM Results both showed organic revenue growth
and RM Education benefited from cost improvement initiatives,
enabling its profit margin to reach double digit levels.
Net debt reduced at the year-end by GBP7m to GBP6m.
David Brooks, Chief Executive of RM, said: "It's encouraging to
see the Group's further progress and the positive performance in
all three divisions."
The Group's Preliminary results for the period ended 30 November
2018 will be released in early February 2019.
Contacts:
RM plc
David Brooks, Chief Executive
Officer
Neil Martin, Chief Financial
Officer 08450 700 300
Headland Consultancy (PR adviser
to RM)
Stephen Malthouse, Chloe Francklin 0203 805 4822
Notes to Editors:
RM plc is a leader in the education sector, providing support
throughout the stages of education with its three focused
divisions:
-- RM Resources is the established provider of education
resources for early learning centres, primary schools and secondary
schools across the UK and internationally. Our trusted brands, TTS
and Consortium, develop and supply resources to help bring the
curriculum to life for teachers and students across over 80
different countries.
-- RM Results is the world-leading provider of e-Assessment
services, enabling e-marking, e-testing and the management and
analysis of educational data. Every year RM Results marks
approximately 160 million exam pages, working with world renowned
exam providers, professional bodies, universities and
governments.
-- RM Education is the market-leading supplier of ICT software,
technology and services in the UK. It helps schools save time and
money and enables them to enhance the impact of technology on
teaching and learning.
Consensus forecasts for financial year ended 30 November 2018
vs. prior year comparative:
-- Revenue: GBP215.5m (2017: GBP185.9m)
-- Adjusted EBIT: GBP26.0m (2017: GBP21.3m)
-- Adjusted EPS: 23.7p (2017: 21.0p)
Source: Bloomberg (10.12.18)
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Authority to act as a Primary Information Provider in the United
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END
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