Tribal Group PLC Pre-close Trading Update (4895M)
July 31 2017 - 1:00AM
UK Regulatory
TIDMTRB
RNS Number : 4895M
Tribal Group PLC
31 July 2017
31 July 2017
Tribal Group plc ("Tribal" or "the Group")
Pre-close Trading Update
Tribal, a leading provider of software and services to the
international education markets, is today providing a scheduled
update for the six months ended 30 June 2017.
The first half of the year has been a period of good progress,
with the Group benefiting from the strategic, operational and
management changes introduced last year.
During the course of this year the Group has enjoyed a healthy
level of new UK domestic and international contract wins across all
business units. Our clients are responding positively to the
Group's revised product strategy, and the next generation cloud
based platform for Student Management Systems, Tribal Edge, was
well received at our Higher Education Customer Conference at the
start of this month. The Group is successfully realising the
further efficiencies and cost savings anticipated in the current
year.
The Group has delivered an improved operating margin and
maintained its strong balance sheet, in line with its plan.
Tribal is well positioned to make further progress in the second
half, with a good pipeline of new opportunities, and the Board's
expectations for the full year remain unchanged.
ends
For further information please contact:
Tribal Group plc Tel: 0117 311 5293
Ian Bowles, Chief Executive
Mark Pickett, Chief
Financial Officer
Weber Shandwick Financial Tel: 020 7067 0700
Nick Oborne
Tom Jenkins
Investec Bank plc Tel: 020 7597 5970
Rowena Murray
Sara Hale
Daniel Adams
N+1 Singer Capital Markets Tel: 0207 496 3000
Limited
Shaun Dobson
This information is provided by RNS
The company news service from the London Stock Exchange
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