Revenues at listed EdTech Learning Technologies Group have reached £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 £53.7, compared with £40.3m in 2020.

Following the acquisitions of Reflektive, PDT Global, Bridge and GP Strategies, LTG said net debt of £141.5m – compared with net cash of £70.2m at the end of 2020 – was much better than expected. 

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,” said CEO Jonathan Satchell. “Sustained business momentum across both our divisions in 2021 drove continued growth on a like-for-like basis. 

“Additionally, the investments made last year in highly attractive acquisitions are already creating value.

“As an enlarged and globally-scaled group, we are now able to serve a much larger proportion of the £100 billion addressable market.  

“Amid the pressing need for organisations to effectively develop, motivate and retain their talent, we are excited and optimistic for the year ahead.”

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