logo-loader
viewLearning Technologies Group PLC

Learning Tech to beat forecasts as margins climb

Rustici’s contribution combined with the Civil Service contract would also mean “a transformational impact on profits in 2017 and beyond.''

picture of e-learning key
Underlying profit margins are now above 20%

Better than expected margins will mean Learning Technologies Group PLC (LON:LTG) beating market forecasts for 2016.

The e-learning specialist said its recent acquisition Rustici has driven the improvement and was performing ‘significantly’ ahead of expectations.

Rustici is a specialist in software that enables online content and management systems to mesh and work together effectively.

Learning Tech is now also seeing first revenues from its huge Civil Service training contract, which in partnership with KPMG has established a new ‘ blended learning’ training platform for 400,000 government staff.

LTG said recurring revenues rose to around 27% of the total in 2016 with a third of income now coming from overseas. 

Andrew Brode, chairman, described progress as excellent in 2016 and adeed that Rustici’s contribution combined with the Civil Service contract would mean “a transformational impact on profits in 2017 and beyond.''

“ EBITDA margins are now firmly in the mid twenties, underpinned by strong recurring revenues and expansion of sales outside our core UK market, and we have entered the new financial year with significant momentum.”

Quick facts: Learning Technologies Group PLC

Price: 126 GBX

AIM:LTG
Market: AIM
Market Cap: £843.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Learning Technologies Group PLC named herein, including the promotion by the Company of Learning Technologies Group PLC in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Learning Technologies Group in 'strong financial position' and working to...

Learning Technologies Group PLC (LON:LTG) chief executive Jonathan Satchell runs Proactive London's Andrew Scott through the firm's 2019 trading update and the precautions they're taking to limit the impact of COVID-19 on its business and performance. For the year ended 31 December 2019...

4 days, 7 hours ago

2 min read