Revenues at listed EdTech Learning Technologies Group have reached 拢254 million.
The company behind digital learning and talent management solutions says annual turnover doubled in 2021 thanks to organic revenue growth of around 7% alongside acquisitions.
Adjusted EBIT is expected to be not less than 拢53.7, compared with 拢40.3m in 2020.
Following the acquisitions of Reflektive, PDT Global, Bridge and GP Strategies, LTG said net debt of 拢141.5m – compared with net cash of 拢70.2m at the end of 2020 – was much better than expected.聽
LTG now has more than 5,000 employees in 34 countries.
“Following a remarkable year at LTG, it is very encouraging to report that the business is delivering on all fronts,鈥� said CEO Jonathan Satchell. 鈥淪ustained business momentum across both our divisions in 2021 drove continued growth on a like-for-like basis.聽
鈥淎dditionally, the investments made last year in highly attractive acquisitions are already creating value.
鈥淎s an enlarged and globally-scaled group, we are now able to serve a much larger proportion of the 拢100 billion addressable market.聽聽
鈥淎mid the pressing need for organisations to effectively develop, motivate and retain their talent, we are excited and optimistic for the year ahead.”