30 Apr 2012 07:00
ILX Group PLC
("ILX" or the "Group")
TRADING UPDATE
ILX Group plc (AiM: ILX), the AIM quoted provider of e-learning software and consulting services, is pleased to provide an update on trading for the year ended 31 March 2012. The Company is confident that its results will meet market expectations with increased revenue, compared to 2011, giving an operating profit of approximately £1 million.
Despite the continued challenging market conditions, especially in the UK, ILX has experienced overall revenue growth due to the strength of its overseas operations.
The Company continues to focus on developing its e-learning digital capability and the building of recurring revenue streams from its software products. This is allied to its strategy of international expansion where the Company continues to see steady growth, principally in Australasia and the Middle East, where significant new contracts have been won.
Preliminary results are expected to be announced in late June.
Ken Scott, Chief Executive, ILX Group commented:
"In what has been a tough year, especially in the UK, I am pleased that the Company has continued to increase its revenue. We are seeing the benefits of the move towards digitalisation of our product suite and this combined with continued overseas expansion will allow ILX to continue to grow. The foundations that we have in place will ensure that ILX remains a market leader in digital learning, worldwide."
30 April 2011
For further information, please contact:
ILX Group plc | 020 7751 7100 |
Ken Scott, Chief Executive | |
FinnCap | 020 7600 1658 |
Marc Young, Charlotte Stranner - Corporate Finance
| |
Lothbury Financial Services Limited | 020 7868 2010 |
Michael Padley / Chris Roberts |
Editors' Note
ILX Group plc (www.ilxgroup.com) is a leading provider of Best Practice learning products and services to the private and public sectors. ILX Group offers a variety of accredited technology led courses through a blend of traditional classroom, workshops & live forums and across all multi-media platforms: e-learning, social learning & mobile learning. It has developed its own proprietary software and is the market leader in PRINCE2. It trades through two divisions:
1. Best Practice provides e-learning, instructor-led learning and implementation consulting principally to the programme and project management, IT service management and business finance markets.
2. International was formed in late 2009 and provides products and services to overseas markets, including Australia, New Zealand, Middle East, US and across Europe.
ENDS