Learning Technologies Group PLC Capital Markets Event and Group Strategy Update (4819S)
03 October 2017 - 5:00PM
UK Regulatory
TIDMLTG
RNS Number : 4819S
Learning Technologies Group PLC
03 October 2017
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 GBP50 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 GBP100 million and for run-rate EBIT to exceed
GBP25 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 GBP7.5 million and a market
capitalisation of less than GBP20 million in late 2013 to run-rate
revenues of GBP50 million, strong EBIT margins, and a market
capitalisation in excess of GBP300 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 +44(0)207
Director 402 1554
Numis Securities Limited
Stuart Skinner/Michael Wharton
(Nominated Adviser) +44 (0)20
Ben Stoop (Corporate Broker) 7260 1000
Hudson Sandler LLP +44 (0)20
Andrew Hayes/Bertie Berger 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
The company news service from the London Stock Exchange
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