News

14 November 2012 | Education | Tribal Group plc

Tribal Group plc Trading in Line. Order Book Strong

‚ÄčTribal reports tradng in the period since its half year results has been in line with expectations for the full year.

Tribal's technology business continues to make good progress and is seeing a healthy level of new opportunities both in the UK and internationally. The Company says its is pleased with progress on its Student and Learning Management contract with the Department of Education and Communities of New South Wales, Australia.

Tribal says its services business is performing as anticipated, with emerging opportunities in international markets but pointed to a quieter domestic procurement environment.

The Company's order book at 31 October remains strong at ¬£175m, continues to generate good cashflow and is reducing net debt.

The Company says it is pleased with the encouraging level of identified opportunities in 2013 and beyond.

Comment:

‚ÄčTribal appears in confident mood as its strategy to focus on the education market pays off. 

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