{"id":2893,"date":"2022-07-26T09:19:06","date_gmt":"2022-07-26T08:19:06","guid":{"rendered":"https:\/\/ltgplc.wpengine.com\/?p=2893"},"modified":"2022-07-26T09:20:04","modified_gmt":"2022-07-26T08:20:04","slug":"half-year-trading-update-notice-of-results-and-cmd","status":"publish","type":"post","link":"https:\/\/ltgplc.com\/news\/half-year-trading-update-notice-of-results-and-cmd\/","title":{"rendered":"Half Year Trading Update, Notice of Results and CMD"},"content":{"rendered":"

Learning Technologies Group plc, a market leader in digital learning and talent management, announces a trading update for the six months to\u00a030 June 2022.\u00a0 All figures relate to this period unless otherwise stated.<\/span>\u00a0<\/span><\/p>\n

LTG has delivered a strong performance that reflects the resilience of its business model in a challenging macroeconomic environment and underpins full year expectations. \u00a0The Board expects the Group to deliver revenues of not less than\u00a0\u00a3280 million\u00a0(H1 2021:\u00a0\u00a382.6 million) reflecting the contribution of acquisitions, c.5% organic growth on a constant currency basis and the benefit of foreign exchange gains.<\/span><\/p>\n

The integration of GP Strategies is progressing well with margin improvements and strong organic revenue growth ahead of our expectations.\u00a0 This momentum supports our confidence that GP Strategies will achieve our previously stated guidance of 12% EBIT margin in FY 2022.<\/span><\/p>\n

Group adjusted EBIT for the first half is expected to be in excess of\u00a0\u00a343 million, almost double prior year (H1 2021:\u00a0\u00a322.0 million).<\/span><\/p>\n

Net debt at\u00a030 June 2022\u00a0was\u00a0\u00a3145.3 million\u00a0(compared to\u00a0\u00a324.9 million\u00a0net cash at\u00a030 June 2021\u00a0prior to the GP acquisition).<\/span><\/p>\n

Notice of results<\/span><\/h2>\n

LTG will publish its half-year results on 22nd<\/sup>\u00a0September 2022.<\/span><\/p>\n

Capital Markets Day<\/span><\/h2>\n

On 13th<\/sup>\u00a0October 2022, LTG will host a Capital Markets Day in\u00a0London\u00a0for analysts and investors. To register to attend, please contact<\/span>\u00a0LTG@fticonsulting.com<\/a><\/span>.<\/span><\/p>

Jonathan Satchell, Chief Executive of\u00a0Learning Technologies Group, said:<\/span><\/strong><\/p>\n

\n

“I am delighted the momentum in our business has continued since the start of the year. Our transformational acquisition of GP Strategies is delivering strong returns and offers new opportunities for the Group as an enlarged business.<\/span><\/em><\/p>\n

The resilient organic growth across our divisions alongside the continuing outstanding margin improvement in GP Strategies, provides the Board with confidence for the full year. While we are mindful of the wider macro environment, LTG is better placed than ever to support an increasing number of organisations to recruit, train, motivate and retain talent.”<\/span><\/em><\/p>\n<\/blockquote>\n

Enquiries:<\/span><\/h2>\n\n\n\n\n\n\n
\n

Learning Technologies Group plc<\/span><\/p>\n

Jonathan Satchell, Chief Executive<\/span><\/p>\n

Kath Kearney-Croft, Chief Financial Officer<\/span><\/p>\n<\/td>\n

\n

+44 (0)20 7832 3440<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Numis Securities Limited\u00a0(NOMAD and Corporate Broker)<\/span><\/p>\n

Stuart Skinner,\u00a0Nick Westlake,\u00a0Ben Stoop<\/span><\/p>\n<\/td>\n

\n

+44 (0)20 7260 1000<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Goldman Sachs International (Joint Corporate Broker)<\/span><\/p>\n

Bertie Whitehead, Adam\u00a0Laikin<\/span><\/p>\n<\/td>\n

\n

+44 (0)20 7774 1000<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

FTI Consulting<\/span>\u00a0(Public Relations Adviser)<\/span><\/p>\n

Rob Mindell,\u00a0Jamie Ricketts,\u00a0Jamille Smith<\/span><\/p>\n<\/td>\n

\n

+44 (0)20 3727 1000<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

About LTG<\/span><\/h2>\n

Learning Technologies Group plc\u00a0(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.<\/span>\u00a0<\/span><\/p>\n

LTG is listed on the\u00a0London Stock Exchange’s\u00a0Alternative Investment Market (LTG.L) and headquartered in\u00a0London. The Group has offices in\u00a0Europe,\u00a0North America,\u00a0South America\u00a0and\u00a0Asia-Pacific.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Learning Technologies Group plc, a market leader in digital learning and talent management, announces a trading update for the six months to\u00a030 June 2022.\u00a0 All figures relate to this period unless otherwise stated.\u00a0<\/p>\n","protected":false},"author":17,"featured_media":2592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/posts\/2893"}],"collection":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/comments?post=2893"}],"version-history":[{"count":0,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/posts\/2893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/media\/2592"}],"wp:attachment":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/media?parent=2893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/categories?post=2893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/tags?post=2893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}