Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to provide a trading update ahead of the General Meeting being held later today.
Whilst numbers are not yet certain, based on deposits, we expect this coming January’s student intake for pathways to be significantly ahead of the previous January’s intake and management’s budget. This is the product of the strategic investment over the last two years in sales and marketing, management team and processes within our University Partnerships structure.
English Learning Training (“ELT”) and Juniors
The results from our Summer British Council inspection of our Language in Action junior programmes have been published and are available to view on this link (https://www.britishcouncil.org/sites/default/files/language_in_action_full_2022_published.pdf). The final result is excellent and puts us in the top quartile of inspections in the industry. 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, Q4 is a period where the sales cycle begins for 2023. Our team will be attending events and focusing on building our international agent network.
The Board believes Malvern in a strong position to grow its market share in 2023 and beyond.