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Learning Technologies ( (GB:LTG) ) has shared an announcement.
Learning Technologies Group plc reported a trading update for the year ended December 31, 2024, with projected revenues of at least £485 million and adjusted EBIT of no less than £86 million, reflecting a decline in organic constant currency terms due to macroeconomic, political, and AI uncertainties affecting customer budgets. The rescinding of Executive Order 11246 by President Trump is expected to significantly impact Affirmity, a subsidiary of LTG, as some corporate clients may reduce or cease using its services, potentially affecting revenue and EBIT. Additionally, the temporary suspension of GP Strategies’ eligibility to work on new classified US government contracts is being addressed, with a new subsidiary established to focus on federal contracts. The acquisition of LTG by Leopard UK Bidco Limited is underway, with meetings scheduled for February 2025 to provide more time for shareholder discussions.
More about Learning Technologies
Learning Technologies Group plc (LTG) is a leader in the workplace digital learning and talent management market, providing comprehensive learning and talent solutions, including strategic consultancy, content and platform solutions, and analytical insights for corporate and government clients. The company is listed on the London Stock Exchange’s Alternative Investment Market and has a global presence with offices in Europe, North America, South America, and Asia-Pacific.
YTD Price Performance: -1.12%
Average Trading Volume: 9,055,559
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £767M
Learn more about LTG stock on TipRanks’ Stock Analysis page.
