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Published on: November 14, 2014

IMS: Trading in line, strong cash generation

Education management software provider Tribal has released an interim management statement for the period from 30 June 2014. Trading is line with expectations for the full year, with both the Systems and Solutions divisions performing well, and strong operational momentum in key products. Cash generation was good, with net debt of £11.8m some 19% lower than the interim stage. Clearly, a number of deals must still be completed before the year end, but the business currently appears to be on track.

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