Proactive Investors - Run By Investors For Investors

Learning Technologies upbeat as revenues climb and acquisitions bed down

The e-learning group has an annual turnover target of £50mln and seems well on track to hit that soon
e-learning button
Organic growth is combining well with acqusitions

Organic growth is combining well with acquisitions said Learning Technologies Group PLC (LON:LTG), which is seeing record revenues following its takeover of Netdimensions in March.

The e-learning group has an annual turnover target of £50mln and seems well on track to hit that soon as first half sales rose to 63% to £20.8mln with the traditionally stronger second half to come.

WATCH: Learning Technologies resetting targets after achieving £50mln growth ambitions

Andrew Brode, chairman, said momentum is strong and the board is confident over the second half and beyond.

NetDimensions and all of the other recent acquisitions had been integrated to plan and accompanied by strong underlying organic growth.

The NetDimensions' proprietary LMS (learning management system) had enhanced the range of services globally, though the full benefits will start to show through in the 2018 trading year.

Changes at NetDimensions have included shifting the customer support teams to local bases, moving the hosting service to LTG’s centre in Nashville, investing in the technical and reselling teams and hiring a new global head of sales.

READ: Acquisitions quite literally paying off for Learning Technologies

LTG’s existing businesses have also been going well, with the order book at a new record at the end of the period. 

LEO, the original e-learning business increased sales by 50% helped by the Civil Service Learning contract that is being managed with KPMG starting to kick in.

Preloaded, LTG’s 'games with purpose' division, supplied a VR learning simulation for the Science Museum while Rustici has continued to expand its recurring licence business above expectations.

Cashflow was also strong, with the gross total rising to £11.5mln and net debt dropping to £6.1mln from £8.5 mln. 


View full LTG profile View Profile

Learning Technologies Group plc Timeline

Related Articles

Picture of hospital operating room
June 06 2017
The tech/bio company investor may have an image problem, but definitely not an imaging problem
US truck
March 07 2017
Revenues from Fleet - Quartix’s largest operation - expanded by 15% in the year to December 31 2016 to hit £14.9mln, boosted by a 19% increase in its subscription base
July 31 2017
The firm has established connections with more than 4,000 universities in 160 countries enabling it to capture all of the intellectual property available

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use