Malvern upbeat on recent operational performance

2nd Nov 2022 15:01

(Sharecast News) - Learning and skills development specialist Malvern International said in a trading update on Wednesday that, while numbers were not yet certain, based on deposits it expected January's student intake for university pathways to be "significantly ahead" of last year's intake, and management's budget.

The AIM-traded company put the performance down to its strategic investment over the last two years in sales and marketing, management team and processes within its university partnerships structure.

Looking at its English Learning Training (ELT) and juniors operations, Malvern noted that the results from its summer British Council inspection of its 'Language in Action' junior programmes had been published.

"The final result is excellent and puts us in the top quartile of inspections in the industry," the board said in its statement.

"The Malvern board see this as a great result not only for the team running the junior division but for ongoing marketing of our products for 2023 and beyond.

"Our next full inspection of Junior programmes is due in 2026."

For ELT, the fourth quarter is a period where the division's sales cycle begins for 2023, with Malvern saying its team would be attending events, and focusing on building its international agent network.

"The board believes Malvern is in a strong position to grow its market share in 2023 and beyond."

At 1349 GMT, shares in Malvern International were flat at 0.1p.

Reporting by Josh White for Sharecast.com.