RNS Number:7034S
ILX Group PLC
21 April 2008
FOR RELEASE at 07.00, Monday 21 April 2008
ILX Group plc (or "the Company")
Post 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 020 7751 7100
Ken Scott / Jon Pickles
Adventis Financial PR 020 7034 4758/4759
Tarquin Edwards / Chris Steele
Charles Stanley Securities (Nominated 020 7149 6000
Adviser)
Philip Davies / Carl Holmes
Editor's Notes
ILX Group plc is a leading provider of business training to the private and
public sectors, delivered through Computer Based Training (CBT), e-Learning,
instructor-led courses/workshops.
ILX Group now trades through two divisions:
1. Best Practice provides CBT, e-learning, instructor-led training and
implementation consultancy principally to the programme and project
management, IT service management and business finance markets.
www.ilxgroup.com
2. Banking & Finance (through Corporate Training Group) provides instructor-led
training, workshops and related services, principally to the investment
banking community. www.ctguk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUWRBRWKRSAAR
|