Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Learning Technologies Group PLC - London-based learning and talent solutions - Expects revenue for 2022 to be no less than £595 million, which it said is ahead of market consensus and is up from £258.2 million last year. Expects to report adjusted earnings before interest and tax to be at least £100 million, ahead of consensus market expectations of £97.5 million. In 2021, adjusted Ebit was £54.8 million. Says this growth is due to achieving targeted margin improvements.
Chief Executive Jonathan Satchell says: ‘We are making good progress with our strategy to capture the structural growth opportunities in the digital learning and talent management market and remain laser-focused on delivering profitable growth across our businesses. This momentum, supported by the majority of our revenues being long-term and contracted, supports our confidence of achieving our goal of delivering run-rate revenues of £850 million and run-rate adjusted Ebit of £175 million by the end of 2025.’
Current stock price: 140.06 pence each, up 15% on Thursday morning in London
12-month change: down 13%
By Xindi Wei, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.