RM PLC

Management Reports • Mar 27, 2013

National Storage Mechanism | Additional information

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RNS Number : 8707A

RM PLC

27 March 2013

27 March 2013                                                                                   

RM plc

Interim Management Statement

RM is today issuing its Interim Management Statement for the period from 1 December 2012 to date and is based on the first quarter's trading.

Trading update - expectations for the full year unchanged

Trading in the first quarter of RM's 2013 financial year has been consistent with market expectations for the year as a whole. Net funds at 28th February 2013 were £39.4m (29th February 2012 £12.4m).

RM's business is seasonal, reflecting buying patterns in the UK schools marketplace. As a result, the majority of the Group's revenue and profit arises in the second half of the twelve-month period to November and the first quarter of the year is the lowest for revenue and order intake. This seasonal pattern means that performance at this stage in the year is not a reliable indicator of the outcome for the year to 30 November 2013.

Contacts:

RM plc                                                            08450 700300

David Brooks, Chief Executive Officer

Iain McIntosh, Chief Financial Officer

FTI Consulting                                                 020 7831 3113

Sophie McMillan / Tracey Bowditch

This information is provided by RNS

The company news service from the London Stock Exchange

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