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Learning Technologies sees better results this year due to contract timing change

LTG is executing a buy-and-build strategy focused on the emerging and increasingly lucrative area of e-learning
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Financial impact will be more profits this year

Learning Technologies Group PLC (LON:LTG) says results this year will come in better than expected due to changes in the financial terms of a major contract.

As result of this change, the financial impact of the contract will be accelerated in 2017, though there will be a corresponding offset effect on 2018, the company said in a statement.

READ: Learning Technologies sets new ambitious targets after rapidly passing previous milestones

The e-learning group had a capital markets day yesterday, where it outlined a plan to double run-rate revenues to £100mln by the end of 2020 and for run-rate underlying earnings (EBIT) to exceed £25mln.

LTG is executing a buy-and-build strategy focused on the emerging and increasingly lucrative area of e-learning

WATCH: Learning Technologies resetting targets after achieving £50mln growth ambitions

NetDimensions is the biggest of its five deals to date while early last year, it snapped up Rustici Software, a global market leader in digital learning interoperability for £19mln.

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