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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
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