07:00 Tue 21 Jan 2020
Learning Tech Gp PLC - Full Year Trading Update and Notice of Results
("LTG", the "Group")
(AIM: LTG)
Full Year Trading Update and Notice of Results
Profit and cash comfortably ahead of expectations
The Board expects Group revenues to be up c.38% to c.
PeopleFluent delivered revenues of c.
Adjusted EBIT* is expected to be comfortably ahead of market expectations at not less than
The Group's net cash position at
An active pipeline of attractive international acquisition opportunities in both Software & Platforms and Content & Services, supports the Group's ambition to further consolidate the high growth corporate learning and talent market.
Further details will be provided with LTG's full year results which are expected to be announced on
"2019 has been a year of encouraging growth across the Group with a strong performance in Content & Services in the second half of the year and outstanding results from our innovative Software & Platform businesses such as BreezyHR, Rustici and Watershed complementing our established PeopleFluent talent and learning business. We are seeing the early successes of the Board's decision to make focussed investments in R&D and incremental sales initiatives to support sustainable organic growth, driving momentum into 2020.
In 2019, the Group continued its track record of delivering strong margins, benefiting from enhanced leadership positions in our key markets. LTG has proven that it can successfully integrate, improve and grow the businesses we acquire, delivering excellent value for shareholders and comprehensive, innovative and industry-leading capabilities and services for our clients. We have an active pipeline of acquisition opportunities in 2020 and continue to invest in cross-selling initiatives and explore new routes-to-market."
* Adjusted EBIT results and comparator year data incorporate the new accounting standard IFRS16 - Leases (adopted
|
FY 2018
|
FY 2019 (Estimate) |
|
£m |
£m |
|
|
|
Adjusted EBIT pre accounting changes |
27.2 |
43.0 |
Adjusted EBIT margin (%) pre accounting changes |
29.0% |
33.1% |
|
|
|
Share Based Payment Charge adjustment |
(1.2) |
(3.0) |
IFRS16 adjustment |
- |
1.0 |
|
|
|
Revised Adjusted EBIT |
26.0 |
41.0 |
Revised Adjusted EBIT margin (%) |
27.7% |
31.5% |
ENDS
Enquiries:
|
+44 (0)20 7402 1554 |
|
+44 (0)20 7260 1000 |
Goldman Sachs International (Joint Corporate Broker)
|
+44 (0)20 7774 1000 |
FTI Consulting (Public Relations Adviser) |
+44 (0)20 3727 1000 |
About LTG
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
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