Last checked at 14 Nov 2012 07:00
Tribal Group plc
Interim Management Statement
Tribal Group plc ("Tribal"), a leading provider of technology products and services to the education, learning and training markets in the UK and internationally, provides the following update on trading, covering the period from 30 June 2012.
Trading in the period since our half year results has been in line with expectations for the full year.
Our technology business continues to make good progress and is seeing a healthy level of new opportunities both in the UK and internationally. We are pleased with progress on our Student and Learning Management contract with the Department of Education and Communities of New South Wales, Australia.
Our services business is performing as anticipated, with emerging opportunities in international markets and a quieter domestic procurement environment.
Our order book at 31 October remains strong at £175m. We continue to generate good cashflow, with the consequent positive impact on net debt.
We are seeing the early benefit of the three year growth plan outlined early this year, and are pleased with an encouraging level of identified opportunities for 2013 and beyond.
End
Tribal Group plc | Tel: +44 (0)20 3402 3544 |
Keith Evans, Chief Executive | |
Steve Breach, Group Finance Director | |
Weber Shandwick Financial Nick Oborne Stephanie Badjonat Robert Cook | Tel: +44 (0)20 7067 0700
|
Editors' note:
Tribal Group plc (Tribal) is a leading provider of technology products and services to the education, learning and training markets in the UK and internationally.
Our people are sector experts and we work in partnership with a wide range of organizations, including schools, colleges, universities, local authorities and government departments, as well as employers in the private sector. Tribal has over 1,300 staff, and operates in the UK, Australasia, US and Middle East. Tribal's shares are quoted on the London Stock Exchange (TRB). Links: Tribal Group plc website: www.tribalgroup.com
This Statement has been prepared for and is addressed only to our shareholders as a whole and should not be relied on by any other party or for any other purpose. Tribal, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. This Statement may contain forward-looking statements and the financial information is unaudited. Any forward-looking statement has been made by the directors in good faith based on the information available to them up to the time of approval of this Statement and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information. To the extent that this Statement contains any statement dealing with any time after the date of its preparation, such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur and therefore the facts stated and views expressed may change. Tribal undertakes no obligation to update these forward-looking statements.