The Learning Technologies Group PLC Board is recommending a final dividend of 0.7 pence per share (2020: 0.5 pence). The total cash cost of the final dividend is approximately £5.5 million.
Other financial highlights include:
Strong organic revenue growth, up 8%
o Content & Services recovered strongly, organic growth of 25%, and now back to 2019 levels, as expected
o Software & Platforms organic growth of 2% and 17% excluding PeopleFluent, continuing its track record of high-margin growth; PeopleFluent decline more than offset by organic growth in the remainder of the segment including strong contributions from Rustici and Breezy
Excellent profit growth, as a result of strong organic revenue growth, contribution from recent acquisitions and a continued focus on EBIT margin improvement as the Group expands
As expected, Group margins have reduced driven by a change in revenue mix from acquisitions
Net debt of £141.4m and good cash generation; on target for leverage c.1.0x by FY2022
17% increase in adjusted diluted EPS driven by organic growth and contribution from acquisitions
