RM PLC
13 August 2004
13th August 2004
RM plc comments on trading - turnover and profits expected to exceed market
expectations for the year to 30th September 2004
RM plc, the UK's leading supplier of information and communications technology
(ICT) and other services to education, is today providing a trading update
following the completion of the Group's peak summer order intake period.
Order intake during the second half of the year so far has been ahead of
management's plan, reflecting a strong performance in the Group's individual
schools ICT business. Since many of the shipments related to this order intake
will take place during August and September, the Group expects that turnover and
trading performance for the year as a whole will exceed current market
expectations.
RM expects to provide further details on trading for the year as a whole in a
regular pre-close update during the second half of September.
Tim Pearson, CEO of RM, commented:
'RM's results for the year as a whole will benefit from the one-off factors
reported at the time of our interim results announcement in May. I'm very
pleased that, in addition, sales in the second-half so far have exceeded our
expectations, with stronger than anticipated performance in our individual
schools ICT business.'
- Ends -
For further information, please contact:
Mike Greig/Phil Hemmings, RM plc 08709 200200
Fiona Laffan/AndrewFenwick, Brunswick 020 7404 5959
Notes to Editors:
1. RM's business has a highly seasonal pattern, with the majority of
revenues and an even higher proportion of profits occurring in the
second half. This is driven by the education buying cycle, with many
schools placing orders in June and July for installation during the
summer vacation period.
2. RM expects to announce results for the year to 30th September 2004 in
November 2004.
This information is provided by RNS
The company news service from the London Stock Exchange
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