5th Jun 2019 11:19
LONDON (Alliance News) - Learning Technologies Group PLC on Wednesday said it is confident of meeting its targets set for financial 2021.
Learning Technologies shares were trading 4.6% higher at 85.76 pence each on Wednesday.
The company said its confidence in meeting the strategic target, of run-rate revenue of GBP200 million and run-rate earnings of at least GBP55 million by 2021, "remains high".
In his annual general meeting statement, Chair Andrew Brode said: "2018 was a transformational year for Learning Technologies. The acquisition of PeopleFluent extended the group's range of capabilities from digital learning to the adjacent talent software market and today LTG offers a broad range of product and service offerings across a diversified range of geographies, market verticals and clients, with the majority of revenues generated from multi-year contracts."
He added: "Targeted product and services investment, early stage success in cross-selling initiatives, and a continuing focus on cost control are already generating momentum with a very positive performance in 2019 to-date."
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