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The report outlines growth driven by the acquisition of BreezyHR and increased revenues, detailing like-for-like organic growth across divisions and improved operating margins and cash generation. It also covers corporate governance updates, committee reporting, auditor findings, and financial statements including consolidated and company-level figures.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/learning-technologies-group-plc-2019-annual-report-year-ended-31-december-2019/201132/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/learning-technologies-group-plc-2019-annual-report-year-ended-31-december-2019/201132.png","ImageObject",442,249,{"name":88,"@type":89},"\tWilliam","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-09-25","2026-09-04",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",6,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What major acquisitions and integrations are highlighted in the 2019 annual report?","Question",{"text":109,"@type":110},"The report states that PeopleFluent integration was successfully completed during 2019 and describes the acquisition of BreezyHR announced in April 2019.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How did revenues and profitability change in 2019?",{"text":114,"@type":110},"Revenues increased by 39% to £130.1 million, with adjusted EBIT up 58% to £41.0 million and adjusted diluted EPS rising by 47% to 4.736 pence.",{"name":116,"@type":107,"acceptedAnswer":117},"What corporate governance updates are mentioned?",{"text":118,"@type":110},"LTG adopted the QCA Corporate Governance Code in September 2018, and in December 2019 Claire Walsh was appointed Company Secretary; the Board also notes an active search for a fourth non-executive director.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},201132,1788524239,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":126,"read_time":141},5909887254083,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Company Regn No: 07176993\nLearning Technologies Group plc\nAnnual Report for the year ended 31 December 2019\nContents\tPage\n\u0013 TOC \\o \"1-1\" \\h \\z \\u \u0014\u0013 HYPERLINK \\l \"_Toc3810295\" \u0014Chairman’s Statement\t\u0013 PAGEREF _Toc3810295 \\h \u00141\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc3810296\" \u0014Strategic Report for the year ended 31 December 2019\t\u0013 PAGEREF _Toc3810296 \\h \u00143\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc3810297\" \u0014Corporate Governance Report\t\u0013 PAGEREF _Toc3810297 \\h \u00142\u0015\u00157\n\u0013 HYPERLINK \\l \"_Toc3810298\" \u0014Report of the Audit & Risk Committee\t32\u0015\n\u0013 HYPERLINK \\l \"_Toc3810299\" \u0014Report of the Remuneration Committee\t35\u0015\n\u0013 HYPERLINK \\l \"_Toc3810300\" \u0014Directors’ Report for the year ended 31 December 2019\t41\u0015\n\u0013 HYPERLINK \\l \"_Toc3810301\" \u0014Directors’ Responsibilities Statement in respect of the Annual Report and the Financial Statements\t44\u0015\n\u0013 HYPERLINK \\l \"_Toc3810302\" \u0014Independent Auditor’s Report to the Members of Learning Technologies Group plc\t45\u0015\n\u0013 HYPERLINK \\l \"_Toc3810303\" \u0014Consolidated Statement of Comprehensive Income\t\u0015\u0013 HYPERLINK \\l \"_Consolidated_Statement_of\" \u001450\u0015\n\u0013 HYPERLINK \\l \"_Toc3810304\" \u0014Consolidated Statement of Financial Position\t52\u0015\n\u0013 HYPERLINK \\l \"_Toc3810305\" \u0014Consolidated Statement of Changes in Equity\t53\u0015\n\u0013 HYPERLINK \\l \"_Toc3810306\" \u0014Consolidated Statement of Cash Flows\t54\u0015\n\u0013 HYPERLINK \\l \"_Toc3810307\" \u0014Notes to the Consolidated Financial Statements for the year ended 31 December 2019\t\u0013 PAGEREF _Toc3810307 \\h \u001456\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc3810308\" \u0014Company Statement of Financial Position\t\u0013 PAGEREF _Toc3810308 \\h \u0014104\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc3810309\" \u0014Company Statement of Changes in Equity\t\u0013 PAGEREF _Toc3810309 \\h \u0014105\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc3810310\" \u0014Notes to the Company Financial Statements for the year ended 31 December 2019\t\u0013 PAGEREF _Toc3810310 \\h \u0014106\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc3810311\" \u0014Company information\t\u0013 PAGEREF _Toc3810311 \\h \u0014112\u0015\u0015\n\u0015\nChairman’s Statement\nThe Board is delighted to report a year of excellent progress in its ambition to build a group of market leading businesses in the learning and talent sectors that can meet the demanding expectations of corporate and government customers.  During 2019 Learning Technologies Group (‘LTG’) has successfully completed the integration of PeopleFluent into the Group, further improving operating practices, and providing a solid platform from which to scale the business.\nLTG has continued to invest in its product development roadmap and made encouraging progress in its cross-selling initiatives.  In April 2019 we announced the acquisition of BreezyHR, a fast-growing talent acquisition software business.  BreezyHR has delivered exceptional growth during the year and has enabled us to significantly increase the pace of development of the Group’s Talent Acquisition suite of products allowing us to service small, mid and enterprise tier clients with targeted solutions.\nThe Group has continued to deliver increased revenues, seeing organic revenue growth in both its Software & Platforms and Content & Services divisions (excluding the acquired PeopleFluent business).  It has further improved its operating margins and has continued to deliver good cash generation.\nRevenues increased by 39% to £130.1 million (2018: £93.9 million) primarily driven by the full-year contribution of PeopleFluent (acquired May 2018) and the acquisition of BreezyHR in April 2019.  LTG delivered like-for-like organic revenue growth, on a constant currency basis, of 6% in our Software & Platforms division (11% on a 3 year CAGR basis; excluding the acquired PeopleFluent business) and 4% in its Content & Services division (5% on a 3 year CAGR basis; excluding the large one-off CSL contract).\nThe acquired PeopleFluent business delivered revenues of $93 million (2018: $96 million on a full-year basis), ahead of previously announced expectations of c$91.0 million, supported by a significantly improved retention rate for its software licences and a good sales performance by Affirmity.  The Board is confident that, as guided at the time of the acquisition in ","cbCaipdtQatv6B31","https://ap.wps.com/l/cbCaipdtQatv6B31","docx",573239,117,"English","# Chairman’s Statement\n# Strategic Report for the year ended 31 December 2019\n# Corporate Governance Report\n# Report of the Audit & Risk Committee\n# Report of the Remuneration Committee\n# Directors’ Report for the year ended 31 December 2019\n# Directors’ Responsibilities Statement\n# Independent Auditor’s Report\n# Consolidated Financial Statements\n## Notes to the Consolidated Financial Statements","[{\"question\":\"What major acquisitions and integrations are highlighted in the 2019 annual report?\",\"answer\":\"The report states that PeopleFluent integration was successfully completed during 2019 and describes the acquisition of BreezyHR announced in April 2019.\"},{\"question\":\"How did revenues and profitability change in 2019?\",\"answer\":\"Revenues increased by 39% to £130.1 million, with adjusted EBIT up 58% to £41.0 million and adjusted diluted EPS rising by 47% to 4.736 pence.\"},{\"question\":\"What corporate governance updates are mentioned?\",\"answer\":\"LTG adopted the QCA Corporate Governance Code in September 2018, and in December 2019 Claire Walsh was appointed Company Secretary; the Board also notes an active search for a fourth non-executive director.\"}]","Learning Technologies Group plc - 2019 Annual Report - year ended 31 December 2019 | DOCX",41]