Learning Technologies Group PLC Half Year Trading Update, Notice of Results & CMD (6823T)
26 Luglio 2022 - 8:00AM
UK Regulatory
TIDMLTG
RNS Number : 6823T
Learning Technologies Group PLC
26 July 2022
26 July 2022
Learning Technologies Group plc
("LTG" or the "Group")
(AIM: LTG)
Half Year Trading Update, Notice of Results and CMD
Learning Technologies Group plc, a market leader in digital
learning and talent management, announces a trading update for the
six months to 30 June 2022. All figures relate to this period
unless otherwise stated.
LTG has delivered a strong performance that reflects the
resilience of its business model in a challenging macroeconomic
environment and underpins full year expectations. The Board expects
the Group to deliver revenues of not less than GBP280 million (H1
2021: GBP82.6 million) reflecting the contribution of acquisitions,
c.5% organic growth on a constant currency basis and the benefit of
foreign exchange gains.
The integration of GP Strategies is progressing well with margin
improvements and strong organic revenue growth ahead of our
expectations. This momentum supports our confidence that GP
Strategies will achieve our previously stated guidance of 12% EBIT
margin in FY 2022.
Group adjusted EBIT for the first half is expected to be in
excess of GBP43 million, almost double prior year (H1 2021: GBP22.0
million).
Net debt at 30 June 2022 was GBP145.3 million (compared to
GBP24.9 million net cash at 30 June 2021 prior to the GP
acquisition).
Notice of results
LTG will publish its half-year results on 22(nd) September
2022.
Capital Markets Day
On 13(th) October 2022, LTG will host a Capital Markets Day in
London for analysts and investors. To register to attend, please
contact LTG@fticonsulting.com .
Jonathan Satchell, Chief Executive of Learning Technologies
Group, said:
"I am delighted the momentum in our business has continued since
the start of the year. Our transformational acquisition of GP
Strategies is delivering strong returns and offers new
opportunities for the Group as an enlarged business.
The resilient organic growth across our divisions alongside the
continuing outstanding margin improvement in GP Strategies,
provides the Board with confidence for the full year. While we are
mindful of the wider macro environment, LTG is better placed than
ever to support an increasing number of organisations to recruit,
train, motivate and retain talent."
Enquiries:
Learning Technologies Group plc
Jonathan Satchell, Chief Executive +44 (0)20 7832
Kath Kearney-Croft, Chief Financial Officer 3440
Numis Securities Limited (NOMAD and Corporate
Broker) +44 (0)20 7260
Stuart Skinner, Nick Westlake, Ben Stoop 1000
Goldman Sachs International (Joint Corporate
Broker) +44 (0)20 7774
Bertie Whitehead, Adam Laikin 1000
FTI Consulting (Public Relations Adviser) +44 (0)20 3727
Rob Mindell, Jamie Ricketts, Jamille Smith 1000
About LTG
Learning Technologies Group plc (LTG) is a leader in the growing
workplace digital learning and talent management market. The Group
offers end-to-end learning and talent solutions ranging from
strategic consultancy, through a range of content and platform
solutions to analytical insights that enable corporate and
government clients to close the gap between current and future
workforce capability.
LTG is listed on the London Stock Exchange's Alternative
Investment Market (LTG.L) and headquartered in London. The Group
has offices in Europe, North America, South America and
Asia-Pacific.
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END
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