Proactive Investors - Run By Investors For Investors

Learning Technologies sets new ambitious targets after rapidly passing previous milestones

When LTG floated in late 2013 it targeted run-rate revenues of £50mln and EBITDA margins of 20% by the end of 2018. Having already hit those targets, it is time for some new ones
LTG is now an international group that offers a truly comprehensive technology and services solution

Learning Technologies Group PLC (LON:LTG) is to announce some ambitious growth targets at its Capital Markets Event on Tuesday.

The e-learning group will outline a plan to double run-rate revenues to £100mln and for run-rate underlying earnings (EBIT) to exceed £25mln.

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

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. 

Where possible, the board will attempt to avoid stake dilution for shareholders by financing any acquisitions and research & development through internally generated operating cash flows and prudent debt financing.

Geographically, the company intends to expand and deepen its presence outside the UK, with the main focus being on the North American and European markets.

READ: Learning Technologies Group interims beat expectations; impact of NetDimensions deal to be felt more fully in the second-half

Learning Technologies (LTG) also intends to diversify into other domain-specialist sectors, particularly in highly regulated markets.

"The new strategic objectives announced today demonstrate our undiminished ambition and intent to become the global leader and disrupter in technology-driven workplace learning,” said Jonathan Satchell, LTG’s chief executive officer.

View full LTG profile View Profile

Learning Technologies Group plc Timeline

Related Articles

November 16 2018
The e-learning specialist upgraded its long-term goals to run-rate revenues of £200mln and run-rate underlying earnings of at least £55mln by 2021, an increase of around 100%
Video game media with player
August 21 2018
Analysts at German bank Berenberg have upped their target price for the firm to 2,150p from 2,060p, saying the company's market is expected to "outgrow the video game segment"
ai graphic
August 26 2018
The company helps commercialise innovations developed in universities around the world. The shares are trading at a 40% discount to the value of its current basket of investments

© Proactive Investors 2018

Proactive Investors 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