Workplace digital learning company Learning Technologies Group said it expected its full-year earnings to be 'materially ahead' of market expectations following a rise in the first half. In a trading update for its interim results through June, the company said it expected its first-half revenue to rise by around 85% to around £62.5m Adjusted Ebit was anticipated to more than double, and be ahead of expectations, at not less than £20.0m, representing an Ebit margin increase from 26.3% to around 32.0%. 'The board is confident that full-year adjusted Ebit will be materially ahead of current market expectations,' Learning Technologies said. Around 67% of revenues were from recurring contracts, up from 51% on-yera, primarily driven by the PeopleFluent acquisition in May 2018. 'I am particularly delighted by the sales momentum in our content & services division that has built over the last nine months,' chief executive Jonathan Satchell said. 'Our software & platforms division continues to go from strength-to-strength.' At 9:25am: (LON:LTG) Learning Technologies Group share price was +17.4p at 111.2p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.