Learning Technologies Group PLC

LTG

Equity

ISIN GB00B4T7HX10 / Valor 13151427

LSE London Stock Exchange, SETS (2024-09-17)

GBP 0.72+2.57%

Learning Technologies Group PLC
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About company

Learning Technologies Group PLC is a market leader in workplace digital learning and talent management, providing large organizations with innovative solutions in a business environment shaped by digital transformation. The company's focus on learning and talent development in the digital age has positioned it as a key player in the fast-growing market. Chief Executive Jonathan Satchell has highlighted the company's resilient performance in challenging macroeconomic conditions, showcasing its adaptability and strength in the industry.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

Learning Technologies Group PLC reported revenue of £562.3 million for the fiscal year 2023, reflecting a slight decline of 2% in constant currency terms compared to the previous year. This performance is underpinned by the company's durable SaaS and long-term contracts, which account for 73% of the total revenue.

Adjusted EBIT

For the fiscal year 2023, Learning Technologies Group PLC achieved an adjusted EBIT of £98.5 million, which is in line with consensus expectations. This represents a marginal decline of 1% from the previous year, demonstrating the company's resilience in a challenging macroeconomic environment.

Statutory Profit Before Tax

Learning Technologies Group PLC saw a 13% increase in statutory profit before tax, reaching £45.6 million for the fiscal year 2023. This growth highlights the company's effective cost management and operational efficiencies during the period.

Cash Flow and Deleveraging

The company reported a record net cash flow from operations of £79.5 million for the fiscal year 2023. This strong cash generation has enabled Learning Technologies Group PLC to swiftly deleverage to 0.7x, even before incorporating proceeds from the disposal of Lorien Engineering Solutions received in 2024.

Dividend Policy

Learning Technologies Group PLC has continued its progressive dividend policy, increasing the final dividend by 5% to 1.21p per share. The full-year dividend for 2023 stands at 1.66p per share, marking a 4% increase from the previous year, reflecting the company's commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-7.53%1Y

-68.1%3Y

-38.1%5Y

Performance

43.1%1Y

44.8%3Y

44.2%5Y

Volatility