{"id":3016,"date":"2022-10-13T07:03:18","date_gmt":"2022-10-13T06:03:18","guid":{"rendered":"https:\/\/ltgplc.wpengine.com\/?p=3016"},"modified":"2022-10-13T07:26:08","modified_gmt":"2022-10-13T06:26:08","slug":"updated-strategic-goals-and-capital-markets-day","status":"publish","type":"post","link":"https:\/\/ltgplc.com\/news\/updated-strategic-goals-and-capital-markets-day\/","title":{"rendered":"Updated Strategic Goals and Capital Markets Day"},"content":{"rendered":"
Learning Technologies Group plc, a global market leader in digital learning and talent management, will today, 13 October 2022, be holding a Capital Markets Day for analysts and investors. The event will be hosted by Chief Executive Officer Jonathan Satchell and Chief Financial Officer Kath Kearney-Croft, and will include presentations from leaders within the Group.<\/span><\/p>\n The presentations will focus on LTG\u2019s new compelling market position, following the transformational acquisition and successful integration of GP Strategies, and how a powerful combined offering is expected to drive new growth opportunities in a $107 billion addressable market.<\/span><\/p>\n Today, the Board is pleased to announce new financial objectives for the business that capture LTG\u2019s opportunities in the digital learning and talent management industry and the strong prospects for the Group.<\/span><\/p>\n The Board\u2019s updated ambition is to achieve run-rate revenues of \u00a3850 million and run-rate adjusted EBIT of \u00a3175 million by the end of 2025, and takes into account the current challenging economic environment.<\/span><\/p>\n These financial objectives are intended to be met through c. 5% organic revenue growth, in line with our medium term targets, and strategic acquisitions focused primarily on SaaS businesses with the aim of rebalancing services and SaaS revenues, the combination of which will continue to provide long-term visibility. It is anticipated that acquisitions will be funded through the use of internally generated cash flows and prudent debt financing with year-end net debt \/ EBITDA in the range of 1.0 \u2013 1.25x.<\/span><\/p>\n Jonathan Satchell, Chief Executive Officer of Learning Technologies Group, commented:<\/b><\/p>\n \u201cSociety continues to change and advance at an astonishing pace causing an even greater need to upskill people.<\/span><\/i> We are very excited by the opportunity ahead for the Group, following the transformative acquisition of GP Strategies, and the scale and array of expertise we have developed to meaningfully solve the increasingly complex challenges faced by large global organisations to recruit, train, develop, motivate, and retain the best talent. We are now recognised as a leader in this field.\u00a0<\/span><\/i><\/p>\n Since LTG joined AIM in 2013 it has set ambitious targets for revenues and adjusted EBIT and I am delighted they have been consistently achieved. Our continued investment in R&D 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.\u201d<\/span><\/i><\/p><\/blockquote>\nNew Strategic Goals for 2025<\/h2>\n