RM PLC
30 June 2003
30th June 2003
RM plc: Analyst Site Visit
RM plc, the leading supplier of information and communications technology (ICT)
and services to UK education, is hosting a site visit for investment analysts on
Tuesday 1st July 2003. The visit will provide analysts with a greater
understanding of the Group's products and services, and its business
organisation. The event will be hosted by Tim Pearson, CEO, and will include a
tour of the site, product demonstrations and presentations by senior management.
The Group confirms that trading continues to be in line with the outlook
statement made at its interim results announcement on 27th May 2003.
- Ends -
For further information, please contact:
Phil Hemmings, RM plc 08709 200200
Andrew Fenwick/Fiona Fong, Brunswick 020 7404 5959
Notes to Editors:
In its Interim Results announcement on 27th May 2003, RM made the following
comments about prospects.
'RM has made good progress during the last six months, with our core schools
business growing faster than the market as a whole and our strategic projects
activity performing well.
'Turnover from our strategic projects contracts will be ahead of expectations
for the year. However, because these projects are all in their start-up phase,
they will not contribute significantly to profits during 2003.
'As always RM's core schools business is highly seasonal, and the first half is
never a good indicator of full-year performance. In particular this year, it is
difficult to predict the full impact of the school budget settlement.
'Although this is a more uncertain outlook than I would wish, education spending
has increased steadily over the last decade and RM is exposed to less volatility
than the general ICT market. The Board believes that, for the year as a whole,
RM will see good progress.'
This information is provided by RNS
The company news service from the London Stock Exchange
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