ATLAS Knowledge Group has reported robust financial results for 2014/15, with continued growth and further international expansion set to continue.
A provider of learning, compliance and competency solutions to safety critical industries around the world has seen a rise in both turnover and profits for the financial year ending September 30, 2015.
Turnover at the company has risen by 1.2% to £7.1million while earnings before interest, tax, depreciation and amortisation (EBITDA) surged by 62% to £1.7million.
Atlas Knowledge Group has started the new financial year with £42million of contracted revenue, which will be delivered over the next three to eight years, including four major international multi-year contract wins in 2014/15 worth £18million.
In addition, with a strong sales pipeline of opportunities in excess of £22.6million for 2015/16 and beyond, Atlas has extended its reach into more than 110 countries worldwide.
Atlas’ growth strategy has seen it move into new, adjacent and diversified safety-critical industries around the globe, more than doubling its client base to over 1,600 companies. Its technology-led, digital learning solutions are now available to a potential culturally diverse workforce of over 6.4million people worldwide.
“The fall in oil price and reduced North Sea workforce did impact on domestic business lines with a 21% reduction in revenues from one of our key service lines. However, our drive towards new sectors and regions has paid off with international sales now accounting for 44% of our revenues,” explained Mr Morgan.
Atlas also continued to invest in its people and products throughout the year, ploughing 30% of EBITDA into the evolution of its content library and digital delivery formats.
In total, Atlas launched five new products and 16 new service options across 2014/15, including its Competence Assurance Management System (CAMS) and a worker passport model which allows individuals to take control of their own skills and competence development, manage their training records and increase portability between employers and job markets.
In line with a significant rise in the number of products and services which are accessed via tablets - up from 4.2% in 2013/14 to 24% last year. Atlas continued to invest in the development of multi-platform capabilities and on-demand services.