If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRm Regulatory News (RM.)

Share Price Information for Rm (RM.)

Share Price is delayed by 15 minutes
Get Live Data
94.60    0.40 (0.42%)
Bid:
94.60
Ask:
96.60
Spread: 2.00 (2.114%)
Market Cap: £92.20m
RM. Live PriceLast checked at - London Stock Exchange

Intraday Rm Share Chart

Pre-Close Update

23 Mar 2010 07:00

RNS Number : 9650I
RM PLC
23 March 2010
 



23 March 2010

RM plc: pre-close update for the six months ending 31 March 2010 - trading in line with Management's expectations

As part of its normal programme of communications with shareholders, RM is issuing an update on current trading prior to the end of the first half of its financial year on 31 March 2010.

Trading in the year so far has been supportive of Management's expectations for the year as a whole. However, RM's business is highly seasonal and performance at this stage in the year is not a reliable indicator for the year as a whole.

Revenue for the first half will reflect further growth in RM's education resources business, as well as the previously indicated increase in BSF turnover. The result for the period will also reflect the Group's continued investment in people, systems and working capital to support growth in BSF, the UK education resources market and the US.

Terry Sweeney, Chief Executive of RM, commented:

"The first half of the year will see year-on-year revenue growth and a further increase in committed future revenues. As well as winning three new BSF projects in the first half, RM Learning Technologies has been chosen to provide ICT services to the Harris Federation's group of Academies and secured business with a number of individual Academies. In addition, RM Assessment and Data has confirmed multi-year framework agreements with two new strategic partners.

"The second half of the year will be extremely busy and we've been gearing up ahead of that. We anticipate commissioning 44 BSF schools (compared to 16 last year); supporting the marking of more examination scripts than ever before; a busy summer in the US; and delivering further growth in our education resources businesses."

 

- Ends -

 

 

For further information, please contact:

Mike Greig/Iain McIntosh/Phil Hemmings, RM plc

08450 700300

Chris Blundell/Franziska Boehnke, Brunswick

020 7404 5959

 

Notes:

1. The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at www.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com

2. RM expects to announce preliminary results for the six months to 31 March 2010 on 17 May 2009.

3. RM's business is seasonal reflecting buying patterns in the schools marketplace: the majority of revenues and an even greater proportion of profit occur in the second half of the Group's financial year. As in previous years, performance in the first half is not a reliable indicator of full-year outcome.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTKKBDQPBKDBNB
Date   Source Headline
31st Mar 20111:53 pmRNSTotal Voting Rights
31st Mar 20117:00 amRNSPre-close Trading Update
25th Mar 201111:55 amRNSChairman announces intention to retire
9th Mar 20113:30 pmRNSContract Win
28th Feb 20111:52 pmRNSTotal Voting Rights
10th Feb 20117:00 amRNSInterim Management Statement
31st Jan 201110:11 amRNSTotal Voting Rights
25th Jan 20113:28 pmRNSDirector/PDMR Shareholding
21st Jan 20114:40 pmRNSSecond Price Monitoring Extn
21st Jan 20114:35 pmRNSPrice Monitoring Extension
17th Jan 20112:59 pmRNSResult of AGM
17th Jan 20119:13 amRNSHertfordshire County Council Update
12th Jan 20119:00 amRNSRM presenting at BETT event
10th Jan 20118:52 amRNSDirector/PDMR Shareholding
4th Jan 201111:13 amRNSBlocklisting Interim Review
31st Dec 20107:10 amRNSTotal Voting Rights
22nd Dec 20109:00 amRNSFinancial close for Camden BSF
20th Dec 20102:52 pmRNSAnnual Information Update
16th Dec 20101:26 pmRNSDoc re. Annual Report 2010
16th Dec 20109:46 amRNSDirector/PDMR Shareholding
16th Dec 20109:44 amRNSDirector/PDMR Shareholding
16th Dec 20107:52 amRNSProvider of Ealing BSF
15th Dec 20109:39 amRNSDirector/PDMR Shareholding
15th Dec 20109:18 amRNSDirector/PDMR Shareholding
15th Dec 20107:00 amRNSCambridge Assessment Contract
13th Dec 20104:06 pmRNSDirector/PDMR Shareholding
2nd Dec 201010:47 amRNSDerby City - Contract Award
30th Nov 201012:02 pmRNSTotal Voting Rights
30th Nov 20107:00 amRNSBarking and Dagenham Contract Award
25th Nov 20107:00 amRNSDudley Contract Award
23rd Nov 20109:42 amRNSDirector/PDMR Shareholding
22nd Nov 20107:03 amRNSDividend Payment Date
22nd Nov 20107:00 amRNSPreliminary Results
17th Nov 201011:31 amRNSHolding(s) in Company
16th Nov 20107:00 amRNSContract with Hackney BSF
9th Nov 20107:00 amRNSContract Extension
29th Oct 201010:19 amRNSTotal Voting Rights
11th Oct 20107:00 amRNSRM to be ICT provider for Salford Primary schools
30th Sep 201011:06 amRNSTotal Voting Rights
29th Sep 20109:34 amRNSNotice of Results
27th Sep 20107:00 amRNSRM confirmed as ICT provider for Somerset
20th Sep 20107:00 amRNSRM plc: pre-close update
15th Sep 20107:00 amRNSRM confirms joint venture with LEGO Education
6th Sep 20107:00 amRNSRM confirms three-year contract extension
31st Aug 20108:55 amRNSTotal Voting Rights
27th Aug 20107:00 amRNSRM to provide IT services to Hertfordshire schools
26th Aug 20108:22 amRNSDirector/PDMR Shareholding
18th Aug 20107:00 amRNSRM confirms Phase 2a of Southwark BSF programme
11th Aug 20108:44 amRNSDirector/PDMR Shareholding
9th Aug 20108:41 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.