The AGM of RM plc ("RM"), a leading supplier of technology and resources to the education sector, will be held today at 11.30am. At the meeting, John Poulter, Chairman, will make the following statement:
"The first quarter trading performance has been impacted by the closure of schools and the cancellation of 2021 school examinations in the UK and Ireland. The effect of this nationwide lockdown in RM Resources has been less significant than experienced in the prior year as the numbers of pupils physically in school has been higher and trading has recovered quickly since the reopening of schools.
The situation remains uncertain as a result of COVID-19 but the Group was profitable in the first quarter and remains in a robust financial position with net debt as at 28 February 2021 of £13.3m (February 2020: £30.0m) against a committed credit facility of £70m."
Contacts
RM plc
Neil Martin, Chief Executive Officer
08450 700 300
Mark Berry, Chief Financial Officer
Headland Consultancy (PR adviser to RM)
Stephen Malthouse
07734 956201
(smalthouse@headlandconsultancy.com)
Chloe Francklin
07834974624
(cfrancklin@headlandconsultancy.com)
Abena Affum
07799 088801
(aaffum@headlandconsultancy.com)
Notes to Editors:
FY20 Consensus
Source: Bloomberg
Consensus 2021 revenue estimate is £194.5m (vs. £189.0m in 2020), adjusted EBIT £16.5m (vs. £14.4m) and adjusted EPS 14.2p (vs. 13.0p).
RM is a UK listed company, providing market-leading products and services to educational institutions, exam bodies and international governments which improve, simplify and support education and learning.
Technology is transforming Education, and RM is well positioned to capitalise on this through its three divisions:
RM Resourcesis the established provider of education resources for early years, primary schools and secondary schools across the UK and internationally. Our trusted brands, TTS and Consortium, develop and supply resources to help bring the curriculum to life for teachers and students across over 80 different countries.
RM Resultsis a leading provider of digital assessment services, enabling e-marking,e-testing and the management and analysis of educational data. RM Results typically marks approximately 200 million exam pages, working with exam awarding bodies, universities and governments.
RM Educationis a market-leading supplier of ICT software, technology and services in the UK. It helps schools save time and money and enables them to enhance the impact of technology on teaching and learning.
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RM plc published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 12:19:02 UTC.
RM plc is a United Kingdom-based global educational technology (EdTech), digital learning and assessment solution provider. The Company's segments include RM TTS, RM Assessment and RM Technology. RM TTS segment consists of the technical teaching solutions (TTS) business, which designs and owns its proprietary products for schools. This segment operates both within the United Kingdom and internationally. RM Assessment segment provides a platform for the delivery of digital assessment and exam marking solutions. RM Technology segment is a strategic partner for schools, helping them to drive more engaged learning, more collaborative teaching, and better outcomes through technology. RM Technology segment provides various services, including support services, school broadband, Web filtering for schools, single sign-on, classroom devices and networking for schools. RM Assessment segment provides services that include create and deliver; collect, collate and mark; results and feedback.
RM PLC 
