Wilmington PLC (LON:WIL) said the UK general election may cause a delay to the timing of training and education revenues.
The revenues from its professional division expected for November may now come in in the second half after the UK government deferred the autumn budget, the elearnings and publishing group said in a statement.
Full-year group revenue is now estimated to outperform September’s forecasts, when the publisher stated it would “improve slightly on the prior year and achieve growth in the low to mid-single digit range.”
Group revenue in the three months to 30 September was in line with expectations, increasing 2.5% year-on-year, with adjusted profit before tax also up by an undisclosed percentage.
Broker Shore Capital said: “We believe that the group is getting close to the end of a frustrating period in which it has not been able to the deliver against its organic growth potential, but we await tangible evidence of improving conditions and a more definitive account of new chief executive Mark Milner’s plans.”
Shares were little moved at 241p on Tuesday morning.