REG - Malvern Inter. PLC - Trading Update

Malvern InternationalAnnouncement

30/05/2023 07:00

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RNS Number : 8737A  Malvern International PLC  30 May 2023

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of MAR

 

30 May 2023

 

MALVERN INTERNATIONAL PLC

("Malvern", the "Company" or the "Group")

 Trading update

Malvern International plc (AIM: MLVN), the global learning and skills
development partner, is pleased to provide a trading update ahead of the
Annual General Meeting being held later today.

 

University Pathways

The student intake for pathways in September 2023 is expected to be well ahead
of the September 2022 intake (c.245 students) and management's budget, based
on deposits. This is the result of the Company's strategic investment over the
last two years in sales and marketing, management team and processes within
our University Partnerships structure. South Asia continues to be the biggest
contributor of university pathway students.

 

English Language Training ("ELT") and Juniors

Based on the current booking levels, student intake for the Language In Action
junior programmes in 2023, is expected to be in excess of 2,000 (2022: 976
students). As a result, 2023 revenue from the Junior division is expected to
be in excess of £3m (2022: c£1.35m). The bulk of Juniors revenue is
recognised in the second half of the year (July and August). The Board see
this as an excellent result and further proof that the industry is rebounding
since COVID-19. The Board also believe this is a result of the Company
capturing market share on the back of Language In Action's excellent British
Council Accreditation report in 2022.

Revenues for the ELT programmes by the end of April 2023 had exceeded the
first six months of 2022 (£1.1m). The Company is entering a key booking
period for Summer 2023, when the bulk of ELT students travel and study.
Malvern works with the biggest agencies in Brazil, Saudi Arabia, Kuwait and
Italy and expects to see continued growth 2023.

The Board is confident for Malvern's prospects and expects to achieve growth
in all divisions in 2023.

 

www.malverninternational.com (http://www.malverninternational.com/) .

 For further information please contact:

 Malvern International Plc               www.malverninternational.com (http://www.malverninternational.com/)
 Mark Elliott - Chairman                 Via our website
 Richard Mace - Chief Executive Officer
 WH Ireland (NOMAD & Broker)             www.whirelandcb.com (http://www.whirelandcb.com/)
 Mike Coe / Sarah Mather                 0207 220 1666

 Notes to Editors:

Malvern International is a learning and language skills development partner,
offering international students essential academic and English language
skills, cultural experiences and the support they need to thrive in their
academic studies, daily life and career development.

University Pathways  - on and off-campus university pathway programmes
helping students progress to a range of universities, as well as in-sessional
and pre-sessional courses.

Malvern House Schools  - British Council accredited English Language
Training at English UK registered schools in London, Brighton and Manchester.

Malvern Online Academy  - British Council accredited online school, offering
supported tuition to students from around the world in English language,
higher education, and professional education.

 Juniors and summer camps  - fully-immersive summer residential English
language camps and bespoke group programmes for 13 to 18 year olds.

 For further investor information go to  www.malverninternational.com
(http://www.malverninternational.com/)  .

 

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