- Learning Technologies Group says profit for the year ended 31 December was ahead of market expectations, with EBITDA margins firmly ahead of the group's strategic ambition of 20%.

The group says it has increased its recurring revenues to c27% in 2016 from c10% in 2015. Over the same period, revenues generated outside of the UK have risen from c12% to c36%.

It says these trends underpin the group's successful development of new learning technology solutions and expansion into new geographical markets. Cash generation remains strong with gross cash at 31 December of £5.3 million and net debt of £8.5 million (2015: net cash £7.3 million), after significant operational investment

At 9:08am: [LON:LTG] Learning Technologies Group share price was +4.5p at 42p

Story provided by