Interim Management Statement

RNS Number : 4201D

Tribal Group PLC

16 May 2012

 



16 May 2012

Tribal Group plc

Interim Management Statement

Tribal Group plc ("Tribal"), a leading provider of technology products and services to the education, learning and training markets in the UK and internationally, provides the following update on trading, covering the period from 1 January 2012 to 15 May 2012.

Trading since our year end has been in line with our expectations for 2012. Our order book at the end of April was £193 million, an increase of 9% since 31 December 2011.  Our net debt levels remain in line with our expectations for the full year. 

The current year is a period of further investment in Tribal, as we establish the resources to deliver our three year strategic objectives, and we are pleased with our progress on our key initiatives.

Technology

Our Technology business continues to make good progress.

Domestically, our Technology business' pipeline remains resilient.  The flow of new opportunities in our student management systems business is exhibiting good activity levels in the higher education sector, and increasing activity levels in the further education sector.  We are also pleased to have secured our second significant customer for our new Childrens' Services Care Record system.

Internationally, our activities in Australia and New Zealand are continuing to develop well.  Whilst in its early stages, we are satisfied with our progress on the recently announced New South Wales SALM project.

Services

Our Services business has performed satisfactorily in the UK.  Our software based education improvement services are progressing well in the US and Middle East, and we are seeing growing potential for similar projects in these and other international markets.

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Tribal Group plc	Tel: [phone]
Keith Evans, Chief Executive
Steve Breach, Group Finance Director
Weber Shandwick Financial Nick Oborne Stephanie Badjonat Robert Cook	Tel: [phone]

Editors' note:

Tribal Group plc (Tribal) is a leading provider of technology products and services to the education, learning and training markets in the UK and internationally.

Our people are sector experts and we work in partnership with a wide range of organizations, including schools, colleges, universities, local authorities and government departments, as well as employers in the private sector. Tribal has over 1,300 staff, and operates in the UK, Australasia, US and Middle East.  Tribal's shares are quoted on the London Stock Exchange (TRB). Links: Tribal Group plc website: www.tribalgroup.com  

This Statement has been prepared for and is addressed only to our shareholders as a whole and should not be relied on by any other party or for any other purpose. Tribal, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed.  This Statement may contain forward-looking statements and the financial information is unaudited. Any forward-looking statement has been made by the directors in good faith based on the information available to them up to the time of approval of this Statement and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information. To the extent that this Statement contains any statement dealing with any time after the date of its preparation, such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur and therefore the facts stated and views expressed may change. Tribal undertakes no obligation to update these forward-looking statements.

 

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