Hardware & electrical equipment
Learning Technologies raises profit guidance after sparkling end to 2018
The group raised profit guidance back in September but not by enough, apparently
Company
LON:LTG
Learning Technologies Group PLC is a market-leader in the fast-growing workplace digital learning and talent management market. The company offers large organisations a new approach to learning and talent in a business world driven by digital transformation.
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The group raised profit guidance back in September but not by enough, apparently
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The e-learning specialist upgraded its long-term goals to run-rate revenues of £200mln and run-rate underlying earnings of at least £55mln by 2021, an increase of around 100%
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“The board's updated ambition is to achieve run-rate revenues of £200mln and run-rate EBIT of at least £55mln by the end of 2021”
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The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
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Hill has served on the board of the e-learning firm for nearly five years
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The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
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Shares in the group have more than doubled over the past year
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The transformational acquisition of PeopleFluent moved LTG into the talent software market, complementing the group's strengths in learning software, content and services, and beefing up its US presence
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"I would like to thank Dale for his contribution to LTG's growth and evolution as chief operating officer and as a member of the board. I know the whole company wishes Dale and his new family the very best of success," said LTG's chairman,
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The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74