StockMarketWire.com - Learning Technologies Group will announce its new strategic objectives to the end of 2020 at a capital markets event for investors and analysts today.

The business will outline a plan to double run-rate revenues to £100m and for run-rate EBIT to exceed £25m.

It said the board would seek to meet these objectives through a combination of strong organic growth as well as strategic acquisitions that complemented the current business.

It said it was the intention of the board to finance any acquisitions and research & development through the use of internally generated operating cash flows and prudent debt financing, and to minimise dilution for shareholders.

LTG will also reiterate its intention to expand and deepen its presence outside the UK, principally in the North American and European markets where opportunities continue to arise, and to diversify into other domain-specialist sectors, particularly in highly regulated markets.

Chief executive Jonathan Satchell said: 'We are delighted with the progress that LTG has made, growing a business with revenues of £7.5 million and a market capitalisation of less than £20 million in late 2013 to run-rate revenues of £50 million, strong EBIT margins, and a market capitalisation in excess of £300 million in only four years.

'LTG has an exceptionally skilled team and their commitment and hard work has been the main driving force behind the growth of the Company.

'LTG is now an international group that offers a truly comprehensive, end-to-end learning technology and services solution for its corporate and government clients.

'The new strategic objectives announced today demonstrate our undiminished ambition and intent to become the global leader and disrupter in technology-driven workplace learning.'


At 9:53am: [LON:LTG] Learning Technologies Group share price was +3.25p at 58.75p



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