Last checked at 5 Jun 2019 07:00
5 June 2019
Learning Technologies Group plc
("LTG", the "Group")
(AIM: LTG)
AGM Statement
Learning Technologies Group plc, the leading integrated digital learning and talent management services and technologies provider, is holding its Annual General Meeting (AGM) at 11am today, 5 June 2019.
Andrew Brode, Chairman, will make the following remarks at the AGM:
"2018 was a transformational year for LTG. The acquisition of PeopleFluent extended the Group's range of capabilities from digital learning to the adjacent talent software market and today LTG offers a broad range of product and service offerings across a diversified range of geographies, market verticals and clients, with the majority of revenues generated from multi-year contracts.
LTG aims to combine organic growth with highly selected acquisitions, partnerships and R&D, and has established a track record of improving the operating model of acquired businesses. The acquisition of the complementary Breezy HR in April opens up avenues for strong organic growth in the talent acquisition software market, enhancing LTG's ability to leverage technology in new markets. LTG's product offering was further strengthened in May with the well-received launch of 'Instilled', a new home-grown Learning Experience Platform ('LXP').
Targeted product and services investment, early stage success in cross-selling initiatives, and a continuing focus on cost control are already generating momentum with a very positive YTD performance in 2019.
Our confidence remains high that the Group will achieve its strategic goal of run-rate revenues of £200m and run-rate EBIT of at least £55m by the end of 2021."
ENDS
Enquiries:
Learning Technologies Group plc Jonathan Satchell, Chief Executive Neil Elton, Chief Financial Officer
| +44 (0)20 7402 1554 |
Numis Securities Limited (NOMAD and Corporate Broker) Stuart Skinner, Nick Westlake (Nomad) Ben Stoop (Corporate Broker)
| +44 (0)20 7260 1000 |
Goldman Sachs International (Joint Corporate Broker) Bertie Whitehead, Adam Laikin (Corporate Broker)
| +44 (0)20 7774 1000 |
FTI Consulting (Public Relations Adviser) Rob Mindell / Jamie Ricketts | +44 (0)20 3727 1000 |
About LTG
LTG is a leader in the high growth workplace digital learning and talent management market. The Group offers end-to-end learning and talent solutions ranging from strategic consultancy, through a range of content and platform solutions to analytical insights that enable corporate and government clients to close the gap between current and future workforce capability.
LTG is listed on the London Stock Exchange's Alternative Investment Market (LTG.L) and headquartered in London. The Group has offices in Europe, North America and Asia-Pacific.