Source - Alliance News

Learning Technologies Group PLC on Thursday said it was updating its own financial objectives to capitalise on opportunities in the digital learning and talent management industry.

The London-based learning and talent solutions company aspired to achieve run-rate revenue of £850.0 million, and run-rate adjusted earnings before interest and tax of £175.0 million, by 2025.

It planned to meet these goals through 5% of predicted organic revenue growth, and strategic acquisitions focused on software as a service businesses.

Learning Technologies said it would fund these acquisitions with internally-generated cash flows and prudent debt financing.

It also highlighted the ‘transformational acquisition and successful integration’ of GP Strategies Ltd, a global workforce transformation solutions provider.

Chief Executive Officer Jonathan Satchell looked ahead with optimism, highlighting ‘the scale and array of expertise we have developed’.

‘Our continued investment in research & development will drive the future of our business and capitalise on favourable industry dynamics. The scale of the potential, together with the strategy to deliver sustained growth, gives us confidence in the new 2025 strategic targets,’ he argued.

Learning Technologies shares were trading 2.7% higher at 105.70 pence each in London on Thursday morning.

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