Contact Us
Share Information
DRS share information from the Full List on the London Stock Exchange
AGM and Interim Management Statement
DRS Data & Research Services plc ("DRS"), a leading provider of data capture solutions and products together with specialised printing and scanning services for education, governmental and commercial organisations, will hold its Annual General Meeting today at 3.00pm, where the following comments will be made on current trading, the financial position and the outlook for the current financial year. This Interim Management Statement, as required by the UK Listing Authority's Disclosure and Transparency Rules, covers the period from 1 January 2009 to the date of this announcement.
Malcolm Brighton, Chairman of DRS, will comment:
2009 year to date revenue from educational markets shows an increase year on year that is consistent with the outlook provided in the annual report in March. Negotiations to supply e-Marker® are continuing with a number of overseas opportunities and marking of long form answers (typically essay type answers) are going to be piloted in the AQA Summer Series. IntelliReg® has been launched and well received.
However, the difficult economic climate is contributing to a year on year decline in the order intake for non-educational products and services. Sales of DocXP® continue to be disappointing but the volume of sales prospects is more encouraging.
We are responding to these conditions by adopting an aggressive approach to managing cost reductions, including putting the relocation of our production facilities on hold. Nevertheless, the half year results are expected to be substantially worse than last year and trading conditions are likely to remain difficult for some months.
Enquiries:
Sally Hopwood (0)1908 423784
Company Secretary
