RM reports steady sales
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School IT supplier RM has today announced trading results in line with expectations in the period from 1 October 2008 to 6 February 2009.
In its interim report, the company stated:
The group had seen no indications of a decrease in spending in its markets. This remains the case and trading is in line with management’s plan in the Group’s three areas of activity.
The company also reported:
RM’s business is seasonal reflecting buying patterns in the schools marketplace, with a large majority of the year’s profit arising in the second half. In addition, the first quarter of the Group’s financial year is the lowest for revenue and order intake. As a consequence of these factors, performance at this stage is not a reliable indicator of the outcome for the full financial year.
This good financial position is a reflection of the dominance of the company within the industry, coupled with the signing of a number of lucrative contracts both in the UK (as part of the BSF programme), and in the US.
The company’s results for the second half of the financial year will make interesting reading and will give a much clearer vision of the future of RM and the industry in general.
