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Learning Tech chief looking to “supercharge” growth in 2016

Learning Technologies Group PLC (LON:LTG) got off to a strong start in 2016 after what it described as a “transformational” 2015.

Last year finished on a high, with the group winning its largest ever contract, to develop a new training platform for 400,000 civil servants, but even without the big CSL contract, 2015 was an impressive year, with revenue rising 33% to £19.9mln and adjusted underlying earnings (EBITDA) more than doubling.

Jonathan Satchell, chief executive, tells Proactive Investors that, although the company implements a ‘buy and build’ strategy, “we are very much focused on delivering strong organic growth, profitably, with great cash generation and I am delighted to say that the 2015 results demonstrate that ably.”

The company’s market capitalisation has grown tenfold since it listed on AIM in 2013, and Satchell says that to “supercharge” the company’s growth, it will continue with its strategy, as well as look at “good infill acquisitions.”

Quick facts: Learning Technologies Group PLC

Price: 130.9 GBX

AIM:LTG
Market: AIM
Market Cap: £879.1 m
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on 24/3/20

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