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Learning Technologies busy looking at suitable acquisitions after robust first half

Learning Technologies Group PLC's (LON:LTG) Jonathan Satchell tells Proactive London's Andrew Scott the business put in a robust performance in the first half of 2020. He says retention rates have held up well despite the disruption caused by the coronavirus pandemic. LTG's expecting to report revenues of at least £64mln, 2% higher year-on-year, with a small decline in its underlying business offset by a contribution from the recently acquired Open LMS business in the second quarter. The company's also repaid all furlough payments received from the UK government and will not make any claims under the job retention bonus scheme for bringing backed furloughed workers.

Quick facts: Learning Technologies Group PLC

Price: 136.3 GBX

AIM:LTG
Market: AIM
Market Cap: £1.01 billion
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Learning Technologies Group reports 'robust and resilient performance' for...

Learning Technologies Group's (LON:LTG) Jonathan Satchell says its half year results to June 2020 were 'robust and resilient'. The six month period saw an increase in underlying adjusted earnings before interest and tax (EBIT) to £20.1m (excluding non-cash items) from £19.4m the year...

on 24/9/20

2 min read