The Group achieved its targets of Revenues of £50m and EBITDA margins of 20% by the end of 2018, a year ahead of schedule.
Companies: Learning Technologies Group Plc
Learning Technologies (AIM: LTG) has released a trading update this morning ahead of its Capital Markets event for investors and analysts later today.
The event will "provide insight into the rapidly evolving technology-driven workplace learning market and set out LTG's vision to become the global leader and disrupter in the industry."
Management will outline their strategic objectives to 2020 and will delve further into their ambitious plan to:
"Double run-rate revenues to £100 million and for run-rate EBIT to exceed £25 million"
Not unachievable, considering its five-year plan of reaching £50m of Revenue and EBITDA margins of 20% by the end of 2018 had already been achieved in H1 17, a year ahead of plan.
Shares in the Group spiked this morning, up 8% on yesterday's share price.
Commenting on LTG's new three-year strategic objective, Jonathan Satchell Chief Executive said:
"We are delighted with the progress that LTG has made, growing a business with Revenues of £7.5m and a market capitalisation of less than £20m in late 2013 to run-rate Revenues of £50m, strong EBIT margins, and a market capitalisation in excess of £300m in only four years."
The stock has grown steadily over the past four years, growing from 9p per share to today's price of almost 60p as Revenues grew steadily YoY. Consensus forecasts a Net Profit of c. £10m from £50m of Revenue in FY17, up from the Net Loss of £1.3m from Revenues of £28.3m in FY16.