Learning Technologies in 'strong and resilient position'

Digital learning and talent management business Learning Technologies said on Friday that it was in "a strong and resilient position" after continuing to see demand in line with expectations.

Learning Technologies told investors at its annual general meeting that the group was "well-placed" to further consolidate the digital learning and talent sector following its recent equity fundraising and stated it would look to capitalise on "exciting acquisition opportunities" as they emerge.

The AIM-listed group added that it would also look to capture benefits associated with the acceleration of structural industry trends towards digital learning and talent management, as the company looks to meet its "ambitious medium-term goal" of achieving roughly £230m revenues and £66m of adjusted underlying earnings on a run-rate basis by the end of 2022.

Excluding gross placing proceeds of £81.8m received in June, net debt was £4.5m as of 31 May.

As of 0820 BST, LTG shares were down 0.46% at 129.40p.