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24 August 2009
ILX Group plc ("ILX" or "the Company")
Best Practice Continues to Grow
ILX Group plc (“ILX” or “the Company”), the AIM quoted provider of e-learning software and business training to both the private and public sectors, announces that its operating division Best Practice has had a successful start to the financial year, building upon last year’s strong performance.
The division has seen continued revenue growth in the year to date, driven by increased sales of e-learning software which have grown by approximately 25%. It has secured a number of valuable new contract wins across a broad range of sectors, as well as continued high levels of repeat business from existing customers. E-learning revenues account for approximately 45% of total Best Practice’s turnover in the year to date compared with approximately 39% for the year ended March 2009.
The new client wins are for PRINCE2 and MSP training using E-Learning and Blended Learning, Project and Programme Management training for clients across a broad range of sectors, including construction, retail, local government and breweries.
Ken Scott, Chief Executive, ILX Group plc commented:
“Best Practice has continued to build on the momentum developed last year. This will to some degree help to offset the contraction in the investment banking market serviced by the Company’s CTG/Finance division, which, despite the adverse conditions, is still performing well.
The recent accounts won by Best Practice are all ‘blue chip’ and confirm that the development work done on e-learning and the delivery of our products via a range of methods, including mobile devices, is paying off. We have a technical lead in this area and we are looking to further strengthen our market position.”
24th August 2009
For further information, please contact:
ILX Group plc |
020 7751 7100 |
Arbuthnot Securities Limited |
020 7012 2000 |
Lothbury Financial |
020 7011 9411 |
