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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
E-learning
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.

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Learning Technologies Group plc Timeline

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