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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 2010 to the date of this announcement.
Sir David Brown, Chairman of DRS, will comment:
"2010 year to date revenue has increased compared to the same period last year and is consistent with the outlook provided in the annual report in March. The trend of strong performance from our education markets and weaker performance from non-education continues. However both education and non-education business has grown compared to the same period last year. Revenue from our e-Marker® business is particularly strong and prospects for new business continue to look promising.
The decisive cost cuts made in the second half of 2009 are continuing to have a positive effect on 2010 performance and have contributed to a positive cash flow during the first four months of the year.
Having responded to the difficult conditions of 2009 we are now working on prospects in both education and non-education markets and the Board’s outlook for 2010 is cautiously optimistic."
Enquiries:
Sally Hopwood (0)1908 423784
Company Secretary
