RM PLC AGM Statement (8265U)
April 08 2021 - 6:00AM
UK Regulatory
TIDMRM.
RNS Number : 8265U
RM PLC
08 April 2021
8 April 2021
RM plc
Annual General Meeting Statement
The AGM of RM plc ("RM"), a leading supplier of technology and
resources to the education sector, will be held today at 11.30am.
At the meeting, John Poulter, Chairman, will make the following
statement:
"The first quarter trading performance has been impacted by the
closure of schools and the cancellation of 2021 school examinations
in the UK and Ireland. The effect of this nationwide lockdown in RM
Resources has been less significant than experienced in the prior
year as the numbers of pupils physically in school has been higher
and trading has recovered quickly since the reopening of
schools.
The situation remains uncertain as a result of COVID-19 but the
Group was profitable in the first quarter and remains in a robust
financial position with net debt as at 28 February 2021 of GBP13.3m
(February 2020: GBP30.0m) against a committed credit facility of
GBP70m."
Contacts
RM plc
Neil Martin, Chief Executive Officer
Mark Berry, Chief Financial Officer 08450 700 300
Headland Consultancy (PR adviser to
RM)
Stephen Malthouse (smalthouse@headlandconsultancy.com)
Chloe Francklin 07734 956201
(cfrancklin@headlandconsultancy.com)
07834974624
Abena Affum
(aaffum@headlandconsultancy.com) 07799 088801
Notes to Editors:
FY20 Consensus
Source: Bloomberg
Consensus 2021 revenue estimate is GBP194.5m (vs. GBP189.0m in
2020), adjusted EBIT GBP16.5m (vs. GBP14.4m) and adjusted EPS 14.2p
(vs. 13.0p).
RM is a UK listed company, providing market-leading products and
services to educational institutions, exam bodies and international
governments which improve, simplify and support education and
learning.
Technology is transforming Education, 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 marks approximately 200
million exam pages, 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 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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