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Learning Technologies helping talent shine through in a digital age

Last updated: 12:53 26 Jan 2024 GMT, First published: 14:53 25 Mar 2021 GMT

Snapshot

  • Learning Technologies revenues and earnings in line with City forecasts
  • Learning Technologies Group: Citi says market may be unduly cautious
  • Learning Technologies says it is well-positioned for the year ahead as it meets 2023 forecasts
e-learning

About the company

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.

How it is doing

26 Jan 2024

Jonathan Satchell, the chief executive of Learning Technologies Group PLC (LTG), described as "resilient" the company's financial performance - particularly against a tough economic backdrop.

Revenues for the 12 months ended 31 December 2023 are expected to be around £560 million, which is in line with expectations. The figure is down from £588.6 million a year earlier, or about 2% on an "underlying organic basis".

Underlying earnings (adjusted EBIT) for continuing operations are anticipated to be not less than £98 million, also consistent with analysts' forecasts, while the EBIT margin improved year on year by half a percentage point to 17.5%.

In its trading update, LTG, a specialist in workplace digital learning, said that its net debt had fallen to a better-than-expected £78.6 million, down from £119.8 million as of 31 December 2022.

05 Dec 2023

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) (LTG) said its Lorien Engineering Solutions subsidiary is set to be acquired by NIRAS Group in a deal valued at US$21.4 million on a cash and debt-free basis.

The acquisition will see Lorien's management team remain in their leadership roles under the new ownership.

26 Sep 2023

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) is on track to meet its full-year expectations, bolstered by what it described as a resilient first-half performance achieved against a tough macroeconomic backdrop.

The digital learning and talent management company said revenues for the six months ended 30 June 2023 grew by 2% to £284.6 million.

What the brokers say

17 Jul 2023

Analysts at Citi are turning bullish on Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF), just not bullish enough to shift upwards from its current ‘neutral’ rating for the London-listed shares.

Instead, for now at least, it is on Citi’s “30-day positive catalyst watch” ahead of an anticipated trading update, scheduled for Thursday 27 July.

Citi analyst Thomas Singlehurst, in a note, said that the market’s view of Learning Technologies may prove to be “unduly cautious” and said there’s still potential for the upcoming trading update to settle some nerves.

What management says

26 Jan 2024

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) chief executive Jonathan Satchell discusses the company's resilient performance in the challenging macroeconomic conditions of 2023 in an interview with Proactive's Stephen Gunnion.

In a trading update, the company said it expects to deliver group revenues for continuing operations of not less than £560 million, in line with consensus expectations. Adjusted EBIT for continuing operations are expected to be not less than £98 million.

Satchell emphasized LTG's strong cash generation in the latter half of 2023, with a net debt significantly better than expected, aided partly by favourable FX rates. This robust financial performance has been attributed to improved margins, especially in the GP Strategies sector after overcoming initial integration challenges.

Learning Technologies says it is well-positioned for the year ahead as it...

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) chief executive Jonathan Satchell discusses the company's resilient performance in the challenging macroeconomic conditions of 2023 in an interview with Proactive's Stephen Gunnion. In a trading update, the company said it expects to...

on 26/1/24