RM PLC Q3 Trading Update (3901Y)
September 09 2020 - 2:00AM
UK Regulatory
TIDMRM.
RNS Number : 3901Y
RM PLC
09 September 2020
9 September 2020
Q3 Trading Update
RM plc ("RM"), a leading supplier of technology and resources to
the education sector, today issues a trading update.
Trading started to improve following the partial reopening of
schools and colleges in June and that improvement has continued
through the summer months. RM was profitable in FY Q3, including
provision for the repayment of the amounts received under the
Government furlough scheme and continues to manage its financial
resources closely, ending the period with net debt of
GBP11million.
While it remains early in Q4, and uncertainty continues
regarding the impact of COVID-19, the performance in Q3 and the
return of all pupils to UK schools and colleges has given the Board
greater clarity over the expected full-year performance and it now
anticipates that all three divisions will be profitable in the
current financial year.
David Brooks, Chief Executive of RM said:
"RM has shown its resilience and is in a strong position to
support evolving education systems."
[The Group's Preliminary results for the period ended 30
November 2020 will be released in early February 2021.]
RM plc
David Brooks, Chief Executive Officer
Neil Martin, Chief Financial Officer 08450 700 300
Headland Consultancy (PR adviser to
RM)
Stephen Malthouse
(smalthouse@headlandconsultancy.com)
Chloe Francklin
( cfrancklin@headlandconsultancy.com 07734 956201
)
07834974624
Abena Affum
( aaffum@headlandconsultancy.com ) 07799 088801
Notes to Editors:
RM provides market-leading products and services to educational
institutions, exam bodies and international governments which
improve, simplify and support education and learning.
The education sector is transforming and RM is well positioned
to capitalise on this through its three divisions:
-- RM Resources is the established provider of education
resources for early years, 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 a leading provider of digital assessment
services, enabling e-marking, e-testing and the management and
analysis of educational data. RM Results typically helps digitise
over 13 million exams a year, working with exam awarding bodies,
universities and governments.
-- RM Education is a market-leading supplier of ICT software,
technology and services in the UK. It helps schools and colleges
save time and money and enables them to enhance the impact of
technology on teaching and learning.
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END
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