19 October 2009

Trading Update

ILX Group plc (the “Company”), the AIM quoted provider of e-learning software and business training to both the private and public sectors, announces a trading update regarding the six months ended 30 September 2009.

The Board is pleased to report a good first half of the year and we expect to meet the full year market forecasts. 

Set against a difficult macro economic backdrop our Best Practice division has continued to perform very well.  Our Banking & Finance division (formerly Corporate Training Group) has responded well to the unprecedented market conditions in its sector and, as previously announced, has gained market share.  The division has been restructured in response to the contraction of its market and is well placed for an upturn in graduate recruitment amongst the investment banks.

The e-learning business has grown strongly in this first half of the year and as a result we are seeing continued margin improvement. 

We won several new contracts in the period, including a significant contract in Mexico (announced on 23 September 2009).  The most recent major contract is worth £100,000 and is with a large media company.  Under the terms of the agreement, the company has a licence to use ILX’s e-learning suite for internal training. 

Ken Scott, Chief Executive, ILX Group plc commented:

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