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Learning Technologies Group PLC - technology and services for digital learning and talent management, based in London - Expects to publish its annual results on May 3 instead of on Tuesday, to allow company auditors time to review a presentation adjustment to the 2020 balance sheet.
For 2021, company expects revenue to be £258.2 million from £132.3 million in 2020, however pretax profit is expects to decline 31% to £9.3 million from £13.5 million, while adjusted earnings before interest and tax is set to rise 36% to £54.8 million from £40.3 million.
For the first quarter of 2022, current trading is strong, and in line with management expectations.
‘While mindful of the current macro environment, strong business momentum continuing into the new financial year and a robust balance sheet that supports further software company acquisitions in due course, underpin the board's confidence of significant progress in 2022,’ the company states.
Current stock price: 153.81 pence
12-month change: down 11%
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