Tel: +44(0)1270-611600
Email: info@ilxgroup.com
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Tel: +44(0)1270-611600
Email: info@ilxgroup.com
International Learning Xchange

News

ILX Group PLC

21 April 2008

Year end trading update

ILX Group plc, the AIM quoted business education and training specialist, is pleased to report strong trading in the six months to 31 March 2008, following on from good interim results for the first half of the year to 30 September 07.

Both the Best Practice and Corporate Training Group divisions have performed well and in both cases revenues for the year have shown double digit growth.

The Company expects profits before exceptional items to be in line with market expectations. The exceptional items relate to the restructuring of the Best Practice division in the first half, as previously announced in the interim results, and to costs incurred in the recent £6.0 million refinancing with Barclays Bank plc, announced two months ago. The preliminary results are expected to be reported in late June.

Current trading remains strong across the business. Nevertheless, the Company continues to monitor current economic forecasts and conditions carefully.

In this context we are pleased that our order visibility remains strong and for the current year we expect continued modest growth for the year ended 31 March 2009.

Enquiries:

ILX Group plc  www.ilxgroup.com
Ken Scott / Jon Pickles

020 7751 7100

 

 

Adventis Financial PR
Tarquin Edwards / Chris Steele

020 7034 4758/4759

 

 

Charles Stanley Securities (Nominated Adviser)
Philip Davies / Carl Holmes

020 7149 6000

PRINCE2™ is a Trade Mark of the Office of Government Commerce. The PRINCE2 Cityscape logo™ is a Trade Mark of the Office of Government Commerce in the United Kingdom and other countries MSP™ is a Trade Mark of the Office of Government Commerce. ITIL® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries. IT Infrastructure Library® is a Registered TradeMark of the Office of Government Commerce in the United Kingdom and other countries. M_o_R® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries The swirl logo™ is a Trade Mark of the Office of Government Commerce. The Best Practice User Group™ logo are Trade Marks of Best Practice User Group Ltd.