Last checked at 27 Mar 2013 07:00
27 March 2013
RM plc
Interim Management Statement
RM is today issuing its Interim Management Statement for the period from 1 December 2012 to date and is based on the first quarter's trading.
Trading update - expectations for the full year unchanged
Trading in the first quarter of RM's 2013 financial year has been consistent with market expectations for the year as a whole. Net funds at 28th February 2013 were £39.4m (29th February 2012 £12.4m).
RM's business is seasonal, reflecting buying patterns in the UK schools marketplace. As a result, the majority of the Group's revenue and profit arises in the second half of the twelve-month period to November and the first quarter of the year is the lowest for revenue and order intake. This seasonal pattern means that performance at this stage in the year is not a reliable indicator of the outcome for the year to 30 November 2013.
Contacts:
RM plc 08450 700300
David Brooks, Chief Executive Officer
Iain McIntosh, Chief Financial Officer
FTI Consulting 020 7831 3113
Sophie McMillan / Tracey Bowditch