Trading Update (4364K)
July 15 2011 - 2:00AM
UK Regulatory
TIDMSTA
RNS Number : 4364K
Stagecoach Theatre Arts PLC
15 July 2011
15 July 2011
Stagecoach Theatre Arts plc
("Stagecoach Theatre Arts" or "the Company")
Trading update
Stagecoach Theatre Arts (AIM: STA) announces a trading update
for the year ended 31 May 2011 and also for the current financial
year ending 31 May 2012.
As indicated at the time of the Company's interim results,
trading remained generally level during the year ended 31 May 2011
and the results for the full year ended 31 May 2011 are in line
with market and the Company's expectations. However, the Company
has felt the effects of the economic downturn on school and student
numbers: average student numbers attending each school in the UK
decreased by 2% to 40.7 students over the year and the number of
Stagecoach Theatre Arts main schools for 6 to 18 year olds fell
from 613 to 603 over the same period.
Although it is too early to predict the outturn for the current
financial year with any degree of certainty, the effect of the
reduction in school and student numbers in the UK is expected to be
reflected in the Company's trading results for this period
notwithstanding increased Stagecoach Theatre Arts networks in North
America and Germany. The Company continues to believe that
worldwide school and student numbers will increase when the
economic outlook improves.
The Company expects to announce its annual results on Wednesday,
10 August 2011.
Enquiries:
Stagecoach Theatre Arts Tel: 01932 254333
Richard Dawson, Finance Director
& Investor Relations
Smith & Williamson Corporate Finance Tel: 020 7131 4000
Nominated Adviser & Broker
David Jones / Siobhan Sergeant
Peckwater PR Tel: 07879 458364
Public Relations
Tarquin Edwards
This information is provided by RNS
The company news service from the London Stock Exchange
END
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