Wednesday, 24 January 2018

NetDimensions drives LTG revenue growth and to debt free position

In their announcement before going into their stock market closed period, LTG have said they expect full year results to show revenue has grown from £28.3m to £51.8m.

They're expecting to see an increase of more than 20% in organic growth, but the big impact on the figures will be their March 2017 purchase of NetDimensions.

LTG are expecting their net cash position at the year end to be £1m, which compares to them carrying £8.5m of debt at the same time last year.

The integration of the NetDimensions acquitision has gone well, and they note they're on the lookout for further international acquisitions, all of which will help them to their target of achieving annual revenues of £100m by the end of 2020.

Confirmation of these figures will be given when they announce full year results to the stock market in March.

See the full announcement here.