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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  RM plc    RM.   GB00BJT0FF39

RM PLC

(RM.)
  Report
Delayed Quote. Delayed London Stock Exchange - 04/09 11:35:12 am
230 GBX   +6.98%
04/08RM PLC : Annual General Meeting Statement
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03/18RM  : Director/PDMR Shareholding
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03/18RM PLC : Ex-dividend day for final dividend
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RM plc: Annual General Meeting Statement

04/08/2021 | 08:20am EDT

8 April 2021

RM plc

Annual General Meeting Statement

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.

Disclaimer

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.


© Publicnow 2021
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Financials
Sales 2021 194 M 267 M 267 M
Net income 2021 21,7 M 29,7 M 29,7 M
Net Debt 2021 14,5 M 19,9 M 19,9 M
P/E ratio 2021 21,3x
Yield 2021 1,89%
Capitalization 191 M 262 M 261 M
EV / Sales 2021 1,05x
EV / Sales 2022 0,95x
Nbr of Employees 1 705
Free-Float 96,1%
Chart RM PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 340,00 GBX
Last Close Price 230,00 GBX
Spread / Highest target 58,7%
Spread / Average Target 47,8%
Spread / Lowest Target 37,0%
EPS Revisions
Managers and Directors
NameTitle
Neil Martin Chief Executive Officer & Director
Mark Berry Chief Financial Officer
John William Poulter Non-Executive Chairman
Patrick Martell Senior Independent Non-Executive Director
Paul David Dean Independent Non-Executive Director
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