Capital Markets Event and Group Strategy Update
3 October 2017
Learning Technologies Group plc
(AIM: LTG)
Capital Markets Event and Group Strategy Update
Learning Technologies Group plc ('LTG'), a market-leader in the fast growing learning technologies sector, is holding a Capital Markets Event for investors and analysts today.
The event will be introduced by Andrew Brode, Group Chairman, and supported by senior management from across the business. The team will provide insight into the rapidly evolving technology-driven workplace learning market and set out LTG's vision to become the global leader and disrupter in the industry. The Group's experienced Managing Directors will showcase how LTG, through its end-to-end service and product offering, is moving the subject of learning to the heart of business strategy.
When LTG came to AIM in November 2013 the Board set the ambitious target of achieving run-rate revenues of £50 million and EBITDA margins of 20% by the end of 2018. At its 2017 Interim Results, the Board announced that it had achieved these objectives one year ahead of plan.
At today's event LTG will announce its new strategic objectives to the end of 2020. The business will outline a plan to double run-rate revenues to £100 million and for run-rate EBIT to exceed £25 million. The Board will seek to meet these objectives through a combination of strong organic growth as well as strategic acquisitions that complement the current business. It is the intention of the Board to finance any acquisitions and research & development through the use of internally generated operating cash flows and prudent debt financing, and to minimise dilution for shareholders.
LTG will reiterate its intention to expand and deepen its presence outside the UK, principally in the North American and European markets where opportunities continue to arise, and to diversify into other domain-specialist sectors, particularly in highly regulated markets. LTG will continue investing in the development of its technical capabilities and world class products, thus increasing its recurring revenues.
Commenting on LTG's new three year strategic objective Jonathan Satchell, Chief Executive said:
"We are delighted with the progress that LTG has made, growing a business with revenues of £7.5 million and a market capitalisation of less than £20 million in late 2013 to run-rate revenues of £50 million, strong EBIT margins, and a market capitalisation in excess of £300 million in only four years.
LTG has an exceptionally skilled team and their commitment and hard work has been the main driving force behind the growth of the Company. LTG is now an international group that offers a truly comprehensive, end-to-end learning technology and services solution for its corporate and government clients.
The new strategic objectives announced today demonstrate our undiminished ambition and intent to become the global leader and disrupter in technology-driven workplace learning."
Enquiries:
|
Learning Technologies Group plc Jonathan Satchell, Chief Executive Neil Elton, Group Finance Director |
+44(0)207 402 1554 |
|
|
|
|
Numis Securities Limited Stuart Skinner/Michael Wharton (Nominated Adviser) Ben Stoop (Corporate Broker) |
+44 (0)20 7260 1000 |
|
|
|
|
Hudson Sandler LLP Andrew Hayes/Bertie Berger |
+44 (0)20 7796 4133 |
Notes to Editors
LTG was created with the purpose of building a market-leading business of substance and scale within the exciting and fast-growing learning technologies sector and the Group's award-winning businesses are at the forefront of innovation and best practice in this sector.
Since LTG listed on AIM in November 2013, it has made a number of strategic acquisitions to grow its business:
April 2014 LINE
May 2014 Preloaded
July 2015 Eukleia
January 2016 Rustici and 27% equity stake in Watershed
March 2017 NetDimensions
LINE was merged with the original business, Epic, to form LEO, a market-leading learning technologies firm with unrivalled capability to provide custom solutions to its corporate and government clients. It is joined by BAFTA award-winning applied games studio Preloaded, who bring learning games specialism to the Group and by Eukleia, experts in governance, risk and compliance (GRC) in the financial services sector. Rustici brings the global leader in the support and development of the universal technical standards for the entire e-learning industry into the Group and most recently NetDimensions brings to the Group a leading proprietary Learning Management System.
www.ltgplc.com
This information is provided by RNS
Latest directors dealings
- 9 hours ago ASOS
- 10 hours ago MJ Gleeson
- 10 hours ago Rolls-Royce Holdings
- 10 hours ago Crest Nicholson Holdings
- 11 hours ago Naked Wines