The event will be introduced by Andrew Brode, Group Chairman, and supported by senior management from across the business. The team 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. The Group's experienced Managing Directors will showcase how LTG, through its end-to-end service and product offering, is moving the subject of learning to the heart of business strategy.
When LTG came to AIM in November 2013 the Board set the ambitious target of achieving run-rate revenues of £50 million and EBITDA margins of 20% by the end of 2018. At its 2017 Interim Results, the Board announced that it had achieved these objectives one year ahead of plan.
At today's event LTG will announce its new strategic objectives to the end of 2020. The business will outline a plan to double run-rate revenues to £100 million and for run-rate EBIT to exceed £25 million. The Board will seek to meet these objectives through a combination of strong organic growth as well as strategic acquisitions that complement the current business. It is 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 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. LTG will continue investing in the development of its technical capabilities and world class products, thus increasing its recurring revenues.
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 £7.5 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.”