Learning Technologies Group (LTG) has released a strong trading update with FY17 profits and year-end net cash comfortably ahead of consensus. The update indicates that operating margins were c 190bp ahead of our forecasts, with net cash £7.9m ahead. However, we are maintaining our FY18/FY19 forecasts, which were recently updated in our monthly book. In October, LTG announced its objective to double run-rate revenues to £100m and achieve run-rate EBIT of at least £25m by the
22 Jan 2018
Learning Technologies Group - FY17 profit and cash generation beat forecasts
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Learning Technologies Group - FY17 profit and cash generation beat forecasts
Learning Technologies Group Plc (LTG:LON) | 85.8 0.9 1.3% | Mkt Cap: 678.6m
- Published:
22 Jan 2018 -
Author:
Richard Jeans -
Pages:
3
Learning Technologies Group (LTG) has released a strong trading update with FY17 profits and year-end net cash comfortably ahead of consensus. The update indicates that operating margins were c 190bp ahead of our forecasts, with net cash £7.9m ahead. However, we are maintaining our FY18/FY19 forecasts, which were recently updated in our monthly book. In October, LTG announced its objective to double run-rate revenues to £100m and achieve run-rate EBIT of at least £25m by the