Learning Technologies (LTG) expects its adjusted operating profits to be “significantly ahead of expectations” for the year to December 2018, at not less than £26.5m. This comes after improved margins across the company and operational synergies from the integration of PeopleFluent, the talent management platform acquired last May.
Revenues are expected to sit at around £94m, up 80 per cent year on year, while recurring revenues should rise to around 68 per cent of sales – up from 39 per cent, and buoyed largely by the aforementioned PeopleFluent deal.
Organic growth at constant currencies – excluding Learning Technologies’ Civil Service Learning (CSL) contract – was around 8 per cent for the software and platforms business. Growth in the content and services business was down by 8 per cent due to challenging comparisons, but house broker Numis expects this division to return to growth in 2019.
