RM plc comments on trading

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

Companies

RM (RM.)
UK 100

Latest directors dealings