Learning Technologies Group PLC on Monday noted ‘moderate’ business momentum in the first half of 2023, supported by a ‘healthy’ sales pipeline, despite a challenging macro environment.
The London-based digital learnings and talent management company added that its strong balance sheet will allow it to make ‘select accretive’ acquisitions in due course.
‘With a step-change in the scale of our business following the successful integration of GP Strategies, our broader offering provides a platform to capture a greater proportion of the circa $100 billion, and growing, addressable market in digital learning and talent management,’ Chair Andrew Brode said.
Learning Technologies will issue a trading update on July 27.
Learning Technologies shares were 1.2% lower at 99.45 pence each on Monday morning in London.
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