Last checked at 23 Sep 2008 07:00
RM plc: pre-close update for the year ending 30 September 2008 - 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 its financial year on 30 September 2008.
Trading during the year so far has been consistent with management's expectations for the year as a whole.
The transformation of RM's business continues: RM is now delivering eight of the eleven BSF (Building Schools for the Future) projects it has so far been selected for; and FY-2008 will reflect a significant contribution from the Group's Education Resources and Assessment & Data activities.
Terry Sweeney, CEO Designate of RM, commented:
"During the second half we have made further progress in BSF, winning two new projects - Newham and Haringey - and securing additional business with four schools in Leeds. Across the eight BSF projects we are actively delivering, we are now providing ICT services to twelve schools.
"There has also been good development across other areas of our business. We have commenced shipments of our innovative Community Connect 4 network system, which will be a strategic upgrade for schools over the next few years; we have more than doubled the volume of exam scripts processed by the outsourced on-screen marking service we provide for Cambridge Assessment and other customers; and, in our Education Resources business, we have seen organic growth, as well as delivering the Tesco Sport for Schools and Clubs initiative."
- Ends -
For further information, please contact:
| Mike Greig/Phil Hemmings, RM plc | 08450 700300 |
| Catherine Colloms, Brunswick | 020 7404 5959 |
Notes:
Founded in 1973, the RM Group is a leading provider of educational products and services to schools, colleges and universities, local government and central government education departments and agencies. RM works closely with educationalists to create new products, processes and technology which improve teaching and learning. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417.
RM expects to announce interim results for the year to 30 September 2008 on 24 November 2008.